Montello Bridging Finance

	Montello Bridging Finance Montello Bridging Finance was a specialist real estate financier based in London, run by parent company Montello Capital Partners, which is also the asset manager for the Montello Income Fund, the Montello Development Finance Fund and the Montello Real Estate Opportunity Fund. The Montello Income Fund is a real estate bridging finance fund that is focused on lending against the residential property market in the United Kingdom (specifically in London). The Montello Development Finance Fund is a specialist development finance lending vehicle, which focusses on lending to residential developers in London. Montello Bridging Finance funds its transactions through its own suite of funds (the Montello Income Fund and the Montello Development Finance Fund) and bank funding lines. The Montello Income Fund is set up as a UK dual exempt unit trust and limited partnership that is open to individual investors, offshore bonds, and Self-invested personal pension (SIPP) investors. The Fund lends ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Self-invested Personal Pension A self-invested personal pension (SIPP) is the name given to the type of UK government-approved personal pension scheme which allows individuals to make their own investment decisions from the full range of investments approved by HM Revenue and Customs (HMRC). SIPPs are " tax wrappers", allowing tax rebates on contributions in exchange for limits on accessibility. The HMRC rules allow for a greater range of investments to be held than personal pension schemes, notably equities and property. Rules for contributions, benefit withdrawal etc. are the same as for other personal pension schemes. Another subset of this type of pension is the stakeholder pension scheme. History The rules and conditions for a broader range of investments were originally set out in ''Joint Office Memorandum 101'' issued by the UK's Inland Revenue in 1989. However, the first true SIPP was taken out in March 1990. James Hay Partnership, the parent company of then Personal Pension Management, offered the fir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Security Interest In finance, a security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the ''collateral'') which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations. One of the most common examples of a security interest is a mortgage: a person borrows money from the bank to buy a house, and they grant a mortgage over the house so that if they default in repaying the loan, the bank can sell the house and apply the proceeds to the outstanding loan. Although most security interests are created by agreement between the parties, it is also possible for a security interest to arise by operation of law. For example, in many jurisdictions a mechanic who repairs a car benefits from a lien over the car for the cost of repairs. This lien arises by operation of law in the absence of any agreement between the parties. Most security interests are grant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Bridge Financing A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. It is usually called a bridging loan in the United Kingdom, also known as a "caveat loan," and also known in some applications as a swing loan. In South African usage, the term bridging finance is more common, but is used in a more restricted sense than is common elsewhere. A bridge loan is interim financing for an individual or business until permanent financing or the next stage of financing is obtained. Money from the new financing is generally used to "take out" (i.e. to pay back) the bridge loan, as well as other capitalization needs. Bridge loans are typically more expensive than conventional financing, to compensate for the additional risk. Bridge loans typically have a higher interest rate, points (points are essentially fees, 1 point equals 1% of loan amount), and other costs that are amortized over a shorter period ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	LendInvest LendInvest is a British non-bank Mortgage lending , mortgage lender which provides a property lending and investing platform. As an alternative fintech lender in the property market, LendInvest provides finance to property professionals and small and medium-sized businesses (SMEs) around the UK. It also makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team. LendInvest operates throughout the UK with staff based regionally covering Southern England, Northern England and Scotland. LendInvest is a leading FinTech companies in the UK. LendInvest was launched in 2013 when it was spun out of Montello Bridging Finance, Montello, a London-based specialist short-term property finance lender. LendInvest is a publicly listed company and is backed by Atomico, the European Venture capital , venture capital investment fund co-founded by Niklas Zennström, which invested £17 million in the company in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]