Hilco Real Estate Finance (HREF) has appointed Steve Allen as its new senior business development manager. Having worked in financial services for over 30 years, his experience includes a background in personal banking. He acted as a financial advisers for more than 20 years and was a regulated bridging broker for London firm, SPF Private Finance and Clifton Private Finance. Davies has worked in the bridging market for the last six years and has been transacting deals with his network of specialist finance brokers across the UK. HREF provides flexible property finance solutions across various real estate sectors and capital structures, offering short term loans for growth, acquisition opportunities, development and refinancing exits with loan sizes ranging from £1m to £50m+.

Spring Finance has launched its new development finance division. The lender’s product range includes group up development finance for new build sites, as well as a light development finance products to fund conversions, change of use, completion of yet to be finished sites and home extension projects. All products are available for both FCA regulated and non-regulated loans. Through this division launch, Spring is targeting the SME developers, self-build and the home extension market. Day one funding is available up to 60% GDV on group up projects, and up to 65% GDV on light development cases. Both products offer funding for 100% of the cost of works with loans available from £100,000 to £2m. All products have no exit charges.

LiveMore has removed that maximum age and increased the term across its range of standard mortgages. The removal of the maximum borrowing age applies across LiveMore’s standard capital and interest and standard interest only mortgage ranges, which was previous up to 85 and 80 years old respectively. Furthermore, the mortgage lender for people aged 50 to 90+ has increased the maximum mortgage term across its standard ranges to 40 years, up from 30 years on interest only and up from 35 years on capital and interest. The lender’s minimum age for sole applicants is 50 years for standard and retirement mortgages, while for joint applications, where one applicant is aged 50 or older, the second applicant can now be a minimum of 45 years old.

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