Funding 365 has today pledged to rebate property valuation fees to increase cashflow for borrowers using its bridging products to buy property at auction between 25 January and 30 June 2023. The offer applies to Funding 365’s unregulated, first charge bridging loans up to £10m in value secured against residential investment, semi-commercial and commercial property […]
Just Wealth, the financial services arm of national brokerage Just Mortgages has revealed today that they exceeded their 2022 referral target from sister firm Just Mortgages. The ambitious target of 1,000 client referrals for wealth advice was exceed by 20% as the national mortgage broker referred over 1200 cases to the Just Wealth division to help clients in […]
Analysis by Nested, the modern estate agent, has revealed that the UK estate agent industry is expected to grow by 3.2% in 2023, as it continues to recover from the initial decline caused by the pandemic. Nested analysed historic data on the size of the sector and the estimated number of agency businesses operating within it, […]
Housebuilders have branded Bath and North East Somerset council’s decision to ask for all new homes to be net zero as ‘unaffordable’ and ‘undeliverable’ at scale. They argue the council’s decision cuts across work between industry and the government for all homes to be ‘zero carbon ready’ under future homes standards to go live by […]
InterBay, part of specialist lender OSB Group, has partnered with VAS Panel to help speed up applications across their commercial and semi-commercial applications. InterBay was looking to enhance its valuation offering, wanting to achieve business efficiencies and support a smoother customer experience. Working with VAS Panel means that this value added service will enable brokers […]
The average house price in Wales reached a new peak of £249,076 at the end of 2022, but cost of living pressures, higher interest rates and stagnant earnings are expected to contribute to a market slowdown. The figures have been released from Principality Building Society’s Wales House Price Index for Q4 2022 (October-December), which demonstrates […]
The latest insight into the new-build sector from Alliance Fund, the end to end real estate fund, has revealed that homebuyer demand for new homes dropped during the closing stages of 2022, whilst the level of new-build stock available to buyers increased. Alliance Fund analysed new-build buyer demand based on the number of new homes […]
Knowledge Bank, the UK’s largest database of mortgage lending criteria, has launched a bespoke interactive criteria guide for lenders to promote their criteria in more places than ever to brokers. The guide is the first of its kind and gives lenders the ability to promote their criteria not only on their website but on email […]
The UK’s largest protector of deposits’ quarterly Rent Index reveals how average rents in Q4 2022 were £903: an increase of 1.57% (£14) since the previous quarter and 8.27% (£69) since the last quarter of 2021. The report also highlights how rent increases in London and Scotland outstripped the Consumer Prices Index (CPI) 9.20% annual […]
The ASTL and FIBA have written to members and partners respectively, inviting them to support the development and delivery of the Certified Practitioner in Specialist Property Finance (CPSP) education programme, which will launch in the first quarter of this year. The trade associations have worked together and with the LIBF over the last 18 months […]
30/01/2023
Edition 304 – December/January 2023
Those usual suspects By Business Money group editor Robert Lefroy TCA: Two ye...
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