The OakNorth newsroom

Stay in the know about our latest partnerships, customer success stories and all other things OakNorth.

For press enquiries, get in touch at [email protected]

Groveworld acquires a major mixed-use development site in King’s Cross supported with over £50m financing from OakNorth Bank and ASK Partners

Thursday December 13th, 2018

OakNorth and ASK Partners have provided a combined facility of over £50m. OakNorth’s contribution makes it the lender’s largest transaction since it launched in 2015; Groveworld, the experienced developer and planning specialist, will seek to obtain planning permission for a major mixed-use scheme which is likely to deliver a significant amount of new homes, including […]

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OakNorth Bank completes £40m development loan for 129 new homes in London Borough of Wandsworth to property developers backed by Orlandis Capital

Thursday November 22nd, 2018

OakNorth has lent £40m to Earlsriver Ltd – a joint venture between experienced property developers, Chris Mason and Raj Sond, and Orlandis Capital; RS Property Finance provided a further £4.4m of debt, whilst Orlandis has invested £16m of equity – totalling £60m; The capital will be used to develop 129 homes (including 24 affordable units) […]

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OakNorth Bank launches market-leading 9-month fixed term deposit account offering 1.85% as its savings customer base passes 30,000

Tuesday November 20th, 2018

The bank is offering a table-topping rate of 1.85% on its 9-month fixed term deposit account – a product that is only available from two other providers in the market; The UK’s largest banks continue to offer pitiful returns – 0.77% on average for 12-month fixed term accounts offered by the five main high-street banks[1] […]

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Galliard to submit planning permission to develop major mixed-use scheme in Birmingham following £8.6m loan from OakNorth Bank

Monday November 19th, 2018

OakNorth has completed an £8.6m loan to the 50:50 joint venture between Galliard Homes and Apsley House Capital; The developers hope to use the finance to convert a vacant 254,400 sq.ft. site into a major new mixed-use development; Birmingham needs to develop over 4,000 new homes a year to keep up with demand, but is […]

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OakNorth Bank provides Pocket Living with £2m loan for working capital to build more affordable homes in London

Friday November 16th, 2018

OakNorth, has completed a £2m loan to Pocket Living to boost the number of affordable homes in London; Pocket Living works with over half of London Boroughs and is set to deliver over 1,000 affordable homes over the next three years; According to a Strategic Housing Market Assessment, London needs approx. 66,000 new homes to […]

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OakNorth Bank to launch lending operation in Manchester as demand for its SME loans in the North of England continues to rise

Monday November 12th, 2018

Since its launch in September 2015, OakNorth has provided loans to several companies based in the North of England, including: Inn Collection Group, Newby, Kexgill, Mabec, Mason Partners and Select Property Group; Its loans have directly helped with the creation of 1,200 new jobs and 2,100 new homes in the North of England, with 9,500 […]

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For press enquiries, get in touch at [email protected]

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