Bridging & Commercial

The Right Mortgage and Protection Network has added Together - loans, mortgages & finance to its lender panel. Anita White, head of provider and lender relations at The Right Mortgage & Protection Network, commented: “We are very pleased to be welcoming Together to our lender panel." Nick Parker, head of networks and clubs distribution at Together, said: “I’m delighted to be expanding our distribution to advisers at The Right Mortgage & Protection Network." Read the full story at B&C: https://lnkd.in/esh3YgB4

This morning, Donald Trump won the US election 2024 gaining both the electoral and popular vote. Members of the specialist finance industry have given their say on what they expect for the future of the market, with Donald Trump set to return to the White House. James Bloom, director at Alternative Bridging Corporation, Justin Trowse, head of bridging at Allica Bank and Rhidian Lerwell, investment analyst at Westbrooke Alternative Asset Management have commented. Read the full story at B&C: https://lnkd.in/e9cKXngf

Century Capital has announced rate reductions across its latest product range Century PLUS. Kynan Benjamin, head of lending at Century, commented: ‘We have taken onboard broker feedback and are delighted to introduce these competitive, reduced rates.” Read the full story at B&C: https://lnkd.in/d9f3K8aF

OSB Group’s organic originations fell slightly to £0.9bn in Q3 2024, from £1.3bn in Q3 2023. Commenting on the results, Andy Golding, CEO at OSB, said: “Looking forward, whilst challenges remain, there are signs of a gradual return of confidence in our core markets and we are seeing increased applications in our more cyclical businesses." Read the full story at B&C: https://lnkd.in/dxcE9peS

Paradigm Mortgage Services has added Loughborough Building Society to its lender panel. Richard Howes, director of mortgages at Paradigm, commented: “To say the mutual sector now offers something of a one-stop shop for a huge variety of borrower mortgage needs would be an understatement. The Loughborough’s range is a prime example of this." Ashley Pearson, head of intermediaries at Loughborough Building Society, said: “Joining the Paradigm Mortgage Services’ panel allows us to offer our extensive range of specialist mortgage solutions to a wider network of intermediaries." Read the full story at B&C: https://lnkd.in/eCnxz4uC

Inspired Lending has arranged an £844,000 loan to support the purchase and redevelopment of a vacant high street property in Bristol. Luke Egan, director of bridging and development at Truffle Specialist Finance, commented: “This project had multiple layers of complexity, from the mixed-use nature of the property to the phased funding approach for the development works." Gavin Diamond, CEO at Inspired Lending added: “This deal showcases our ability to provide tailored financial solutions for experienced developers" Read the full story at B&C: https://lnkd.in/eF5asdpX

Westbrooke Alternative Asset Management has provided £16m in debt financing across two UK office assets in Central London and Surrey. Commenting on the deal with Oxygen Asset Management, Harry Newall, head of origination at Westbrooke said: “The borrower seeks to capitalise on Central London’s increasingly liquid leasing market for best-in-class, small floorplate office space." Speaking on the Leatherhead deal, James Lightbody, head of real estate at Westbrooke, commented: “When done correctly, small floorplate office space offers a great opportunity." Read the full story at B&C: https://lnkd.in/eUFYWGj7

Stephen Ashworth FRICS will this week be stepping down as the chair of North West RICS after over six years in the position. Making the announcement on LinkedIn, Stephen said: “I want to take a moment to express my heartfelt thanks for the support that I have received from everyone involved in the RICS community — both from the North West and nationally." Read the full story at B&C: https://lnkd.in/e63uTsFN

Andy Keehner has joined Hilltop Credit Partners as the firm’s new head of capital advisory. Previously, Andy held the role of head of sales at Finanze Capital, where he covered the Midlands and South England. Read the full story at B&C: https://lnkd.in/eCE4qpyr

M&G Real Estate has acquired a 65% stake in European real estate fund manager, BauMont Real Estate Capital Limited. Tony Brown, global head at M&G Real Estate, said: “This new partnership is an opportunity to broaden the real estate strategies we offer at a time when the asset class is back in focus" Robert Balick, managing partner at BauMont, added: “We are delighted that M&G is becoming a majority shareholder in our business” Read the full story at B&C: https://lnkd.in/evsi9pKB