Three new lenders eyeing development finance market

by:
  • 02/01/2018
  • 0
Three new lenders eyeing development finance market
Three new lenders are expected to enter the development finance sector in 2018, Specialist Lending Solutions understands.

The sector saw significant arrivals in 2017 with more already lined-up for this year.

Blue Zest launched its offering in the last three months of the year, while The City of London Group has confirmed it will be seeking a banking license this year.

The market is expected to continue growing in the coming years as government seeks to streamline planning permissions and make the landlord sector more professionalised. This is proving attractive to new lenders.

 

Attractive market

Kingfisher Property director James Maunder-Taylor told Specialist Lending Solutions that he expected the three entrants into the market.

“I’m aware that there are lenders that were not providing residential development finance last year that are going to be making announcements soon for this year, which is good,” he said.

“I do know who the lenders are but I’m not at liberty to say. We know them quite well but I can’t name them for risk of betraying confidences – one is a possible, but two are pretty definite.

“It’s an area of the market where one sees the margin and the fees and its attractive,” he added.

While being positive about the arrival of new lenders, Maunder-Taylor also hoped they would offer something different to current providers.

There are 0 Comment(s)

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
Martese Carton
Leeds BS extends broker mortgage affordability calculators

Mutual Leeds Building Society has launched a new online lending affordability calculator and monthly repayment calculator.

Close