Oblix Capital finishes off the financial year with ‘record-breaking’ month

Oblix Capital, the London based short term lender has started the new financial year on a high by finishing 2017 with record lending volumes in March. Completing £19m of bridging and development loans – the highest ever since the company’s inception in 2014. The March record has vastly surpassed all previous monthly record volumes, and…

Oblix Capital completes record £13.5m development loan

Oblix Capital, the London based specialist short term lender has completed a substantial £13.5m development loan with experienced developers, UK Land Assets – benchmarking their largest ever completion to date. Underwritten and completed in 6 weeks, this large development loan will fund the construction of 65 modern dwellings in Croydon. The project is expected to…

NACFB Magazine, Rishi Passi: Change-of-use gains momentum

At the turn of the year, Theresa May declared it her “personal mission” to solve Britain’s housing crisis, a vow she has made on several occasions throughout her tenure as the country’s leading politician. Thus far, though, the government’s plans to address the UK’s lingering homes shortage hasn’t lived up to expectations, with little being…

Oblix hires new Director of Sales

Short-term specialist property lender, Oblix Capital have today announced the appointment of Andy Reid as their new Director of Sales. Reid, who has worked in the financial industry for over 30 years, joins from Hampshire Trust Bank. Having held the position of ‘Head of Business Development’, Andy was responsible for driving business through the commercial…

Oblix partners with VAS Panel

Oblix Capital to outsource their valuation panel management to VAS Panel Oblix Capital have further strengthened their proposition by partnering up with leading valuations panellist ‘VAS panel’ who will provide panel management service across their entire lending portfolio. The new partnership forms part of Oblix’s ongoing commitment to align its products and services to the…

NACFB Magazine, Rishi Passi: The effects of GDP fluctuations on the property sector

Recent events and uncertainty in the UK have adversely impacted the economy in various ways: Brexit, the general election, the increasing deficit between rising inflation and wages, and affordability in the housing market being close to an all-time low in certain parts of the country. Because of this, it’s no surprise that households have tightened the purse strings and we have experienced a drop in…

Oblix Capital expands into Scotland

Oblix Capital are pleased to announce they will be expanding their bridging finance product into Scotland. Founded in 2014 by experienced property developer Rishi Passi, Oblix Capital has set itself apart from other lenders by providing unrivalled industry expertise, simple application processes and swift transparent decisions.  Since then, Oblix has experienced rapid growth and recently…

Oblix Capital celebrates record month in March

Oblix Capital, the London based bridging and development funding specialist, is pleased to announce record completions in March. This news follows having recently extended their lending capabilities with a partnership with Natwest. Oblix Capital has experienced rapid growth since it was founded three years ago and March was a record month for the company with…

Oblix Capital expands product range with new NatWest funding line

Founded in 2014 by experienced property developer Rishi Passi, Oblix Capital has set itself apart from other lenders by providing unrivalled industry expertise, simple application processes and swift transparent decisions. Commenting on the new funding line from NatWest, Rishi Passi, CEO said: “Oblix Capital has experienced rapid growth since being founded in 2014 and the…

Waning confidence will result in little material effect

The Bank of England (BoE) has finally broken its seven-year record and cut its base rate from 0.5% to 0.25%, which is a new historic low. While this rate cut was anticipated, the knock-on effects for businesses, borrowers and savers are likely to be somewhat subdued. A common assumption businesses make is that any reduction in the BoE base rate will transmit to the end…