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Pallas Capital has provided an £8.4m bridging finance facility on a Grade A office building and car park in Aberdeen, completing the 12-month loan within a one-month timeframe. The 60,000 sq ft property was refinanced at 70% loan-to-value while the borrower arranged longer-term commercial debt.
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OakNorth has provided property finance to a European investor advised by Jamestown for two UK commercial assets, covering an acquisition in Surrey and a refinancing in Edinburgh. The facility supports the acquisition of Lion & Lamb Yard in Farnham and the refinancing of existing debt on Lochrin Square in Edinburgh.
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A survey of over 1,100 tenants has found widespread uncertainty about whether landlords and managing agents have fully complied with the Renters' Rights Act. Only 32% of tenants believe their landlord or property manager is fully compliant with the new legislation.
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A Bank of England policymaker has indicated support for raising interest rates, increasing the likelihood of higher borrowing costs ahead of the Monetary Policy Committee's next decision on 18th June. Megan Greene stated that a tightening in monetary policy may be necessary in the coming weeks or months.
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Television presenter Alan Titchmarsh has acquired a six-bedroom property in Surrey for £2.75 million from an Omaze prize draw winner. The property, which sits on 1.4 acres and includes sustainable features, was sold in October 2025.
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