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Tag: Property Finance

  • Capricorn Targets £4.5bn Mortgage Lending in 2026

    Capricorn Targets £4.5bn Mortgage Lending in 2026

    Capricorn is set to significantly increase its mortgage lending to £4.5 billion this year, driven by a surge in adviser recruitment and the opening of a new office in Mayfair. This expansion reflects the group’s commitment to enhancing its services in the mortgage and property finance sectors, impacting borrowers and brokers alike.

    TL;DR: Capricorn aims for £4.5 billion in mortgage lending this year; the group has expanded its adviser base to over 75, enhancing support for clients and introducers.

    How Has Capricorn Expanded Its Adviser Network?

    Capricorn has successfully recruited more than 25 advisers since April 2026, bringing its total to over 75 advisers. This growth is part of a broader strategy to strengthen its advisory services in mortgages, insurance, and property finance. The increase in adviser numbers is expected to improve client service and support, making it easier for borrowers to navigate the mortgage market.

    What Are the Implications of the New Mayfair Office?

    To support its growing workforce, Capricorn opened a new office at 66 Grosvenor Street in Mayfair. Currently, 14 employees are based there, with plans to increase this number to around 20 in the coming weeks. This new location not only enhances Capricorn’s presence in a prestigious area but also positions the company to better serve its clients and introducers, particularly those seeking high-value mortgage solutions.

    What This Means for Borrowers in the Mortgage Market

    For borrowers, Capricorn’s ambitious lending target of £4.5 billion indicates a robust market for mortgage products, especially as the company invests in technology and infrastructure to support its advisers. The development of platforms like Smartr365 aims to streamline the mortgage application process, making it more efficient for clients. Brokers can expect to benefit from a larger pool of advisers and enhanced support systems, which may lead to more competitive mortgage offerings and improved client experiences.

    What Should We Watch for Next in Mortgage Lending?

    As Capricorn continues to grow, stakeholders in the mortgage sector should monitor how the company’s expansion impacts the overall lending market. The integration of technology in their services, particularly through Smartr365, will be important in determining how effectively they can meet the needs of borrowers and brokers. Additionally, the performance of the new Mayfair office and its contribution to Capricorn’s lending goals will be key indicators of the group’s future success in the competitive mortgage market.

    Frequently asked questions

    What types of services does Capricorn offer?

    Capricorn provides a range of services, including mortgages, insurance, and wider property-based finance solutions, catering to various client needs.

    How does Capricorn’s growth affect the mortgage market?

    The growth of Capricorn, with its increased adviser numbers and lending targets, is likely to enhance competition in the mortgage market, potentially leading to better options for borrowers.

  • UK Bridging Loans Surge to £1.83bn in 2026

    UK Bridging Loans Surge to £1.83bn in 2026

    The value of bridging loans in the UK has seen a significant increase, reaching £1.83 billion in new loans written for the year ending March 31, 2026. This uptick from £1.75 billion in the previous year highlights the growing reliance on bridging finance among homeowners and property investors, particularly as the market grapples with fluctuating interest rates.

    TL;DR: Bridging loans in the UK rose to £1.83 billion in 2026, reflecting a growing trend among borrowers seeking quick financing solutions; this shift impacts homeowners and investors navigating a volatile market.

    What Are Bridging Loans?

    Bridging loans are short-term financing options typically used to bridge the gap between the purchase of a new property and the sale of an existing one. These loans are usually granted for a period ranging from a few weeks to 12 months, and they require borrowers to have a clear exit strategy for repayment. They serve various purposes, including resolving broken property chains and facilitating quicker property purchases.

    Why Are Bridging Loans Increasing in Popularity?

    The rise in bridging loans can be attributed to the current state of the UK property market, which is experiencing slowdowns due to fluctuating interest rates. Borrowers are turning to bridging loans as an alternative means to secure property purchases without the lengthy delays often associated with traditional mortgage processes. This trend is particularly relevant for those needing to act quickly in a competitive market.

    What This Means for Homeowners and Investors

    For homeowners and property investors, the increase in bridging loans provides a viable solution to navigate the complexities of property transactions. With the ability to complete purchases more swiftly, borrowers can maintain momentum in their property dealings, potentially avoiding lost opportunities in a challenging market. Brokers and lenders should also note this trend, as it indicates a shift in borrower preferences towards more flexible financing options.

    Frequently Asked Questions

    What is the typical duration for a bridging loan?

    Bridging loans are usually offered for short terms, ranging from a few weeks to 12 months, depending on the lender and the borrower’s needs.

    How can I use a bridging loan?

    Bridging loans can be used for various purposes, including completing property purchases quickly, fixing broken property chains, or financing renovations before a sale.

  • TMG Expands Lender Panel with Bluecroft Finance for Bridging Finance

    TMG Expands Lender Panel with Bluecroft Finance for Bridging Finance

    TMG Mortgage Network has added Bluecroft Finance to its lender panel, enhancing options for brokers and their clients seeking bridging finance. This addition is significant as it allows advisers access to a principal bridging lender that offers a range of financial solutions across the UK, including residential, commercial, and semi-commercial properties.

    TL;DR: TMG Mortgage Network now includes Bluecroft Finance, providing brokers access to bridging loans from £75,000 to £3 million; this expansion enables faster completions for eligible cases, benefiting borrowers and landlords.

    What is Bluecroft Finance?

    Bluecroft Finance is a Greater Manchester-based principal bridging lender that specializes in providing financial solutions for residential, commercial, and semi-commercial properties across England, Wales, and Scotland. Their offerings include bridging loans ranging from £75,000 to £3 million, underpinned by a common-sense underwriting approach and direct access to decision-makers.

    How Does the Bluecroft Fast-Track Work?

    One of the key features of Bluecroft Finance is its Fast-Track service, which enables eligible residential bridging cases valued below £350,000 to complete in under seven days. This rapid turnaround can be particularly beneficial for borrowers needing quick access to funds, such as landlords looking to seize investment opportunities or homeowners in urgent need of financing.

    What Does This Mean for Bridging Finance?

    The inclusion of Bluecroft Finance in TMG’s lender panel is a strategic move that broadens the range of financial solutions available to brokers. With the ability to offer fast completions and innovative services like the ‘2 Become 1’ dual representation, brokers can streamline the legal process and reduce complexities for their clients. This is especially advantageous for those navigating the often intricate world of bridging finance.

    Frequently asked questions

    What types of properties can Bluecroft Finance cover?

    Bluecroft Finance provides bridging loans for residential, commercial, and semi-commercial properties across England, Wales, and Scotland.

    How quickly can I expect to complete a bridging loan with Bluecroft?

    Eligible residential bridging cases valued below £350,000 can complete in under seven days through Bluecroft’s Fast-Track service.

  • Omni Mortgage Club Expands Lender Panel in Mortgage Market

    Omni Mortgage Club Expands Lender Panel in Mortgage Market

    Omni Mortgage Club has enhanced its lender panel by adding Nomo, a Sharia-compliant property finance provider. This addition is significant as it broadens the options available for brokers and clients seeking international and specialist property finance solutions.

    TL;DR: Omni Mortgage Club now includes Nomo on its lender panel, providing brokers with access to Sharia-compliant property finance; this move responds to increasing demand for diverse lending options in the mortgage market.

    What does the addition of Nomo mean for brokers?

    With Nomo joining the lender panel, brokers affiliated with Omni Mortgage Club can now offer Sharia-compliant financing options to their clients. This is particularly important as the demand for specialist and international property finance solutions continues to rise. The integration of Nomo also allows brokers to tap into a unique market segment, catering to clients who require Sharia-compliant products.

    How will Nomo support Omni Mortgage Club members?

    Nomo will provide Omni Mortgage Club members with access to its Broker Academy, a dedicated learning hub aimed at educating advisers on Sharia-compliant property finance. This resource will enable brokers to identify suitable opportunities and enhance their application submissions, ultimately leading to better outcomes for their clients.

    What this means for the mortgage market

    For borrowers and investors, the inclusion of Nomo means greater access to Sharia-compliant financing options, which can be important for those looking for ethical investment opportunities. This development reflects a growing recognition of diverse financial needs in the mortgage market, allowing more individuals to find suitable financing solutions that align with their values.

    Frequently asked questions

    What types of properties can be financed through Nomo?

    Nomo offers Sharia-compliant financing for various property types, including residential and commercial properties, catering to a wide range of client needs.

    How can brokers access the Broker Academy?

    Brokers can access the Broker Academy by joining Omni Mortgage Club and will receive guidance on navigating Sharia-compliant property finance.

  • Latest Mortgage Market Updates: Key Changes and Impacts

    Latest Mortgage Market Updates: Key Changes and Impacts

    Recent developments in the UK mortgage market have brought significant changes, impacting borrowers, landlords, and brokers alike. With major lenders adjusting their rates and offerings, it’s important for stakeholders to stay informed about these shifts and their implications.

    TL;DR: Major lenders like HSBC and NatWest are cutting mortgage rates across various products; this affects both residential and buy-to-let borrowers as competition among lenders intensifies.

    What are the latest rate changes in the mortgage market?

    HSBC is set to implement substantial rate cuts across its residential and buy-to-let mortgage ranges, following similar moves from other major lenders, including Santander, Nationwide, NatWest, and Barclays. However, Halifax has opted to increase its rates, diverging from the trend. This shift in rates comes as Moneyfacts reports that mortgage rates have risen, reversing the previous month’s declines. This indicates a response to higher swap rates and geopolitical tensions.

    How are lenders adjusting their products?

    NatWest is also making headlines by cutting rates on new business mortgage products, affecting both residential and buy-to-let deals. This includes offerings for high loan-to-value borrowers. Despite these reductions, some existing customer rates at NatWest will increase, showcasing the variability in lender pricing strategies. Paragon Bank has refreshed its buy-to-let mortgage range, introducing products for individual and limited company landlords, with options available across England, Scotland, and Wales.

    What does this mean for borrowers and landlords?

    For borrowers, the recent rate cuts present an opportunity to secure more competitive mortgage deals, particularly for those looking at residential and buy-to-let products. Landlords can benefit from Paragon’s updated buy-to-let offerings, which provide more accessible financing options. However, borrowers should remain cautious, as the overall mortgage product availability continues to improve, but the average deal shelf-life has decreased, indicating a rapidly changing market.

    What are the implications for mortgage arrears and repossessions?

    According to UK Finance, there has been a notable decline in mortgage arrears and repossessions in the second quarter of 2026. Homeowner arrears and buy-to-let arrears have decreased compared to the previous quarter. Repossessions also saw a significant drop for both homeowners and landlords. This trend suggests that lenders are adopting a more supportive approach, treating possession as a last resort, which may provide some reassurance to borrowers facing financial difficulties.

    Frequently asked questions

    What should borrowers do in light of these rate changes?

    Borrowers should assess their current mortgage arrangements and consider refinancing options to take advantage of lower rates. It’s advisable to consult with a mortgage broker to explore the best available products tailored to individual circumstances.

    How can landlords benefit from the current mortgage market?

    Landlords can benefit from the refreshed buy-to-let mortgage offerings, particularly those with competitive rates and higher LTV options. Staying informed about lender changes and seeking advice from mortgage professionals can help landlords secure better financing for their properties.

  • Getting a Mortgage on Timber-Built Properties: What You Need to Know

    Getting a Mortgage on Timber-Built Properties: What You Need to Know

    Securing a mortgage on a timber-built property can be challenging, as many lenders view such constructions as non-standard. Understanding the implications of timber construction is essential for potential buyers and investors.

    TL;DR: Mortgages for fully timber-built properties are possible but often limited; borrowers may face higher deposit requirements and need to seek specialist lenders.

    Can You Get a Mortgage on Timber-Built Properties?

    Yes, it is possible to obtain a mortgage on a timber-built property, but restrictions apply based on the construction type. Fully timber properties, like log cabins, are generally more difficult to finance. In contrast, properties made from Swedish timber or chalet-style kit homes fall under the category of ‘non-standard construction,’ which lenders typically approach with caution.

    What Factors Do Lenders Consider?

    Lenders evaluate several key factors when assessing timber-built properties for mortgages:

    • Fire Risk: Timber structures may pose a higher fire risk, which is a significant concern for lenders.
    • Durability & Lifespan: The longevity and maintenance needs of timber constructions can influence lender decisions.
    • Resale Value: Properties that are harder to sell in the event of repossession may deter lenders.
    • Maintenance Requirements: Higher maintenance costs can impact the overall financial viability of the property.

    What This Means for Borrowers and Investors

    For borrowers interested in timber-built properties, it is important to be prepared for a potentially lengthy mortgage process. High street lenders may not offer standard rates for these types of properties, often requiring a larger deposit and a more in-depth evaluation from a surveyor. Building societies and specialist lenders may provide more flexible options, but borrowers should be aware that their broker’s panel of lenders could be limited.

    Frequently Asked Questions

    What types of timber constructions are more likely to get approved for a mortgage?

    Properties like Swedish timber homes or chalet-style constructions may be more acceptable to lenders than fully timber properties, such as log cabins.

    How can I improve my chances of getting a mortgage on a timber property?

    Consider obtaining a comprehensive surveyor’s report and working with a broker who specializes in non-standard construction to explore all available lending options.

  • Bridging Finance Offers Hit £520m in Q2 2026

    Bridging Finance Offers Hit £520m in Q2 2026

    The latest data from Brickflow reveals significant activity in the bridging finance sector, with £520 million in property finance offers recorded in the second quarter of 2026. This surge highlights the ongoing demand for development and bridging finance, despite a slight decline in search activity.

    TL;DR: Bridging finance offers reached £258.9 million in Q2 2026, while development finance accounted for £236.5 million; borrowers should note the decrease in search activity for bridging and commercial mortgages.

    How Did Bridging Finance Perform in Q2 2026?

    Bridging finance offers totalled £258.9 million in the second quarter, contributing to the overall £520 million in property finance offers reported by Brickflow. Development finance, which represented 61% of the total value of searches, amounted to £236.5 million, indicating a strong interest in funding property developments. However, searches for bridging finance fell by 13.6%, suggesting a cooling in immediate demand.

    What Trends Are Emerging in Property Finance?

    While bridging finance offers decreased, requests for decisions in principle increased by 6% for bridging finance and 12% for commercial mortgages. This indicates that while immediate applications may be declining, there is still a growing interest in securing finance for future projects. The overall decline in bridging searches aligns with broader market trends, as reported by the Bridging & Development Lenders Association, which noted a 15% drop in applications across the market in Q1 2026.

    What This Means for Borrowers and Investors

    For landlords, borrowers, and investors, the current market suggests a cautious approach to bridging finance. The decrease in search activity could indicate a shift in market sentiment, prompting stakeholders to reassess their financing strategies. However, the increase in lenders willing to finance land with detailed planning permission—up 61% from the previous quarter—could present new opportunities for development projects.

    Frequently Asked Questions

    What types of finance are included in the £520 million figure?

    The £520 million includes bridging finance offers (£258.9 million), development finance (£236.5 million), and commercial mortgage offers (£24.6 million).

    Why did bridging searches decline in Q2 2026?

    The 13.6% decline in bridging searches may reflect a broader market cooling, as indicated by similar trends reported by industry associations.

  • Bridging Finance Offers Reach £520 Million in Q2 2026

    Bridging Finance Offers Reach £520 Million in Q2 2026

    The latest report from Brickflow highlights a significant £520 million in property finance offers for the second quarter of 2026. This figure underscores the ongoing demand for bridging finance, despite a notable decline in search activity across various finance categories. The report reveals critical trends that could impact landlords, borrowers, and investors in the UK property market.

    TL;DR: Brickflow reported £520 million in property finance offers in Q2 2026; development finance constituted 61% of searches, indicating strong demand despite falling search volumes.

    What Types of Finance Are Being Sought?

    Brickflow’s data shows that development finance searches made up 61% of the total value of searches on its platform, translating to over £8 billion. Within this, development finance offers reached £236.5 million, bridging finance offers amounted to £258.9 million, and commercial mortgage offers totalled £24.6 million. This distribution reflects a robust interest in development projects, which may be appealing for investors looking to capitalise on property growth.

    How Are Bridging Searches Changing?

    Interestingly, while bridging finance offers were substantial, searches for bridging finance fell by 13.6%. This trend mirrors a broader market decline, as reported by the Bridging & Development Lenders Association, which noted a 15% drop in applications across the market, totalling £9.9 billion in the first quarter of 2026. This decline may suggest a cautious approach among borrowers amid economic uncertainties.

    What Does This Mean for Investors and Borrowers?

    For landlords and investors, the increase in development finance offers could signal opportunities for growth, especially as the number of bridging lenders willing to finance land with detailed planning permission rose by 61% between late 2025 and mid-2026. This expansion of lending options, including new entrants like HBI Capital and Pallas Capital to Brickflow’s panel, enhances the availability of bridging and development finance. Investors should consider leveraging these options to fund new projects or acquisitions.

    Frequently Asked Questions

    What is bridging finance?

    Bridging finance is a short-term loan used to bridge the gap between the purchase of a new property and the sale of an existing one, or to finance property development.

    How can I access bridging finance?

    Borrowers can access bridging finance through various lenders, including specialist finance platforms like Brickflow, which offer a range of options tailored to different property needs.

  • Can You Get a Mortgage on a Timber-Built Property?

    Can You Get a Mortgage on a Timber-Built Property?

    Timber-built properties can present unique challenges when seeking a mortgage. While it is possible to secure financing for these homes, the options may be limited depending on the construction type, which can affect interest rates and lender preferences.

    TL;DR: Mortgages for timber-built properties are available but often require larger deposits and may involve specialist lenders; borrowers should consult brokers familiar with non-standard constructions.

    What Types of Timber Construction Affect Mortgage Options?

    Timber properties come in various forms, and lenders categorize them based on construction type. Fully timber homes, such as log cabins, may face more scrutiny than those built with timber frames like Swedish chalets or kit homes. These latter constructions are often classified as ‘non-standard construction,’ which can limit lender options.

    Why Are Lenders Cautious About Timber-Built Properties?

    Lenders have specific concerns when it comes to timber-built homes, including:

    • Fire Risk: Timber can be more susceptible to fire damage compared to traditional brick or stone.
    • Durability & Lifespan: The long-term stability of timber structures can be questioned, impacting the property’s value.
    • Resale Value: If the property is repossessed, selling a timber home may be more challenging, affecting lender confidence.
    • Maintenance Requirements: Timber properties often require more upkeep, which can deter potential buyers.

    What This Means for Borrowers and Investors

    For those looking to buy a timber-built property, understanding the mortgage market is essential. High street lenders may not offer standard rates for these homes, and borrowers may need to turn to building societies or specialist lenders who have more flexible underwriting criteria. Factors such as the surveyor’s report, the specific construction type, location, and the borrower’s financial profile will all play a role in the mortgage assessment process.

    Engaging with a broker who has access to a wider range of lenders can provide a better chance of securing a mortgage on a timber property. They can help navigate the complexities of non-standard constructions and ensure that all necessary documentation, including the surveyor’s report, is in order.

    Frequently Asked Questions

    Can I get a mortgage on a log cabin?

    Yes, but securing a mortgage on a log cabin can be more challenging due to its classification as a fully timber property. You may need to seek out specialist lenders.

    What factors will lenders consider for timber properties?

    Lenders will assess the construction type, fire risk, resale value, maintenance needs, and the borrower’s financial situation, including deposit size.

  • Brickflow Reports £520M in Bridging Finance Offers

    Brickflow Reports £520M in Bridging Finance Offers

    The latest data from Brickflow indicates a significant £520 million in property finance offers for the second quarter of 2026. This surge highlights the ongoing demand for bridging finance, particularly as development finance searches dominate the market.

    TL;DR: Brickflow recorded £520 million in property finance offers in Q2 2026; development finance accounted for 61% of searches, impacting landlords and investors.

    What Are the Key Figures from Q2 2026?

    During the second quarter, development finance offers totalled £236.5 million, while bridging finance offers reached £258.9 million. Commercial mortgage offers were lower at £24.6 million. Notably, development finance searches represented over £8 billion of the total value of searches conducted on Brickflow’s platform, showcasing a strong interest in this area.

    How Have Search Trends Changed for Bridging Finance?

    Despite the overall increase in offers, searches for bridging finance fell by 13.6%, while commercial mortgage searches decreased by 22.1% and development finance searches dropped by 8.3%. In contrast, requests for decisions in principle rose, with bridging finance up 6% and commercial mortgages up 12%. This divergence suggests a cautious approach among borrowers, despite the availability of finance.

    What Does This Mean for Landlords and Investors in Bridging Finance?

    The decline in bridging searches may indicate a tightening of lending criteria or a shift in market sentiment among landlords and investors. However, the increase in lenders willing to finance land with detailed planning permission—up 61% since Q4 2025—could provide new opportunities for development projects. With HBI Capital, Pallas Capital, and Bridge Invest joining Brickflow’s lender panel, borrowers now have more options for bridging and development finance.

    Frequently Asked Questions

    What is bridging finance?

    Bridging finance is a short-term loan used to bridge the gap between purchasing a new property and selling an existing one, often used in property transactions.

    How can I get a bridging loan?

    To obtain a bridging loan, you typically need to approach a lender, provide details about the property, and demonstrate your repayment strategy, often through the sale of another property. For more information, check our bridging finance guide.