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£950k bridging loan funds £2.7m Menai Strait development

A two-property development on Beach Road overlooking the Menai Strait in Wales has achieved a gross development value of £2.7 million following £950,000 in development funding from Charles Street. Developer Gary Poole of Lingar Holdings (Chester) Limited purchased the site in July 2021 for £535,000 with planning permission subsequently granted for two dwellings. The post £950k bridging loan funds...

Canterbury commercial property secures £1.5m bridging loan

Recognise Bank has provided a £1.5 million bridging loan for the acquisition of a multi-building commercial property in Canterbury, Kent. The 15-month facility supports plans to convert upper floors to residential use whilst improving the commercial tenant mix. The post Canterbury commercial property secures £1.5m bridging loan appeared first on...

UK housing market shows resilience despite weaker demand

The UK housing market is showing signs of resilience as agreed sales edge ahead of last year's levels despite a 10% decline in overall buyer demand, according to the latest Zoopla House Price Index. First-time buyer budgets have risen by 4.3%, whilst housing stock levels have increased by 3.4% year-on-year. The post UK housing market shows resilience despite weaker demand appeared first on...