Real Estate

December 4, 2020 @ 7:29 am By Omar Faridi  |  

John Goodall, CEO at Landbay, a UK-based digital buy-to-let finance platform, has noted that the property market may have benefited from the stamp duty holiday. Goodall, an Imperial College London and Durham University graduate, says that he won’t be too surprised if the tax break… Read More

November 30, 2020 @ 9:31 pm By Omar Faridi  |  

Proptee, a new property investment platform, is planning to launch operations in the UK in January 2021. The platform will aim to connect potential investors with buy-to-let landlords. Proptee will let landlords list various properties on its platform. Investors will be able to acquire shares… Read More

November 30, 2020 @ 11:36 am By JD Alois  |  

Investment crowdfunding platform Engel & Völkers says that following its first project in Spain, the investment platform will expand its partnership with the logistics park in the Villaverde district of Madrid. In September, Engel & Völkers reports that in just 30 hours it raised €2… Read More

November 28, 2020 @ 1:54 pm By Omar Faridi  |  

OwnHome, the recent winner of Xccelerate2020, the startup competition that’s managed by the Commonwealth Bank of Australia’s Fintech incubation division X15ventures, has reportedly received $150,000 in capital after grabbing the number one spot in the contest. Over 80 different startups had applied to take part… Read More

November 27, 2020 @ 1:39 pm By JD Alois  |  

LendInvest, a property finance platform, has been recognized as the BTL [Buy to Let] Lender of the Year at the 2020 National Association of Commercial Finance Brokers (NACFB) awards for the second year in a row. The NACFB is the UK’s trade body for commercial… Read More

November 25, 2020 @ 7:19 am By Omar Faridi  |  

Mike Bristow, CEO at CrowdProperty, a property investment platform, says that there’s likely to be a significant increase in overall activity in the UK’s property market. Bristow believes that the surge in transactions should come toward the end of the stamp duty holiday. Bristow’s comments… Read More

November 23, 2020 @ 1:23 pm By JD Alois  |  

Proptech LendInvest has announced rate reductions for buy to let (BTL) loans and a new five year fixed product. LendInvest states that it has reduced rates across its two year fixed rate products. It’s 70% LTV two year fixed rate will now be available at… Read More

November 20, 2020 @ 3:24 pm By Samantha Hurst  |  

Wemlo, a U.S.-based fintech that’s focused on mortgage loan processing, announced on Friday the launch of its new AI technology called Athena. According to Wemlo, Athena is a virtual assistant AI developed to empower and improve loan processing by identifying discrepancies within a mortgage loan… Read More

November 20, 2020 @ 9:14 am By JD Alois  |  

Property finance platform LendInvest has distributed a note sharing that its marketplace funded the purchase of an HMO (house of multiple occupancy) property in four days for an experienced landlord in West London. The property was a tenanted ten-bedroom house in West London. LendInvest say… Read More

November 19, 2020 @ 8:17 am By Samantha Hurst  |  

NestEgg, a U.S.-based residential rental property management startup, announced on Wednesday not only did it raise $7 million through its Series A investment round, but it also is planning to launch an interest-free payment service.  Founded in 2017, NestEgg describes itself as an all-in-one platform… Read More

November 17, 2020 @ 9:28 am By JD Alois  |  

Goodlord, a Proptech that digitizes property management – and more, has partnered with credit reference agency and Open Banking provider, Credit Kudos, to improve the rental process for agents, landlords and tenants by allowing more accurate assessments of a tenant’s financial situation. According to a… Read More

November 16, 2020 @ 10:55 pm By Omar Faridi  |  

Landbay, a digital buy-to-let finance platform, has reportedly joined the network panel of Commercial Finance Brokers UK (CFBUK) so that its members are able to gain access to the lender’s buy-to-let products and services. CFBUK is recognized as a leading “whole of market” commercial finance… Read More

November 16, 2020 @ 11:25 am By Samantha Hurst  |  

  Nada, a U.S.-based real estate technology startup,  has successfully secured nearly $455,000 in funding through its funding round on Republic. The round, which comes just after the company’s seed investment, was launched last month originally seeking a minimum of $25,000 with a max of… Read More

November 12, 2020 @ 4:25 pm By Samantha Hurst  |  

AlphaFlow, an online investment platform for real estate assets,  announced on Thursday it secured $10 million through Series A funding round, which was led by Saluda Grade Ventures with participation from Y Combinator, 10X Capital, Resolute Ventures, Upside Partnership, Vishal Garg (CEO of Better Mortgage),… Read More

November 12, 2020 @ 10:08 am By JD Alois  |  

GROUNDFLOOR, a real estate investment platform, has announced the lowering of certain fees. GROUNDFLOOR states that for the first time since 2017, it is reducing fees and interest rates in order to support borrowers who are faced with increasing pressure on their profit margins. The… Read More

November 11, 2020 @ 9:34 am By Samantha Hurst  |  

UK banking group NatWest announced on Tuesday the launch of its new product Green Mortgages. According to NatWest, the product offers a “preferential interest rate” to new or existing customers who are purchasing energy-efficient properties. The banking group explained: “The Green Mortgage offers a discounted… Read More

November 11, 2020 @ 9:13 am By JD Alois  |  

Linell Homes Limited (LHL) says it is resuming the construction of 10 residential dwellings close to Wakefield City Centre due to a £2.1 million CBILS loan provided by  Assetz Capital. LHL says it was compelled to pause construction due to the nationwide lockdown but the… Read More

November 11, 2020 @ 8:13 am By Samantha Hurst  |  

U.S.-based homeownership platform Better.com announced on Wednesday it secured $200 million through its Series D funding round, which was led by L Catterton with participation from Activant Capital, Ally Financial, American Express Ventures, Ping An Global Voyager Fund, and 9Yards Capital. The latest funding round… Read More

November 11, 2020 @ 8:06 am By JD Alois  |  

CrowdProperty, on an online investment platform for property, says it has now paid back £50 million to investors while maintaining its record of no defaults since 2014. Launched in 2014, CrowdProperty claims over £100 million lent to property professionals that have funded a reported £200… Read More

November 10, 2020 @ 8:22 am By JD Alois  |  

As COVID-19 continues to hamper economic activity, LendInvest, a platform for property finance, will now offer desktop valuations for its short-term loan products where physical valuations are not possible. The new feature is a natural step in the digitization of financial services. Desktop valuations will… Read More