Property firm Savills has released its forecast for the prime housing market, revealing that price growth over the next five years will be below that of the mainstream markets, given tax changes introduced in the 2024 Autumn Budget. 5 years to Sept-24 2025 2026 2027 2028 2029 Next 5 years Prime Central London +0.7% […]
Precise, part of the OSB Group, has launched new limited edition products which include rate reductions to help brokers support customers with greater choice and flexibility around affordability challenges. Residential rates now start from 5.79% with no product fee, helping customers looking to purchase ahead of the stamp duty changes coming into effect in April […]
Gatehouse Bank has announced a series of product and criteria changes on its range of Buy-to-Let (BTL) Purchase Plans for UK Residents, UK Expats and International Residents. The Bank has launched new reduced two-year and five-year fixed term BTL products, for those seeking a minimum finance amount of £500,000. An equivalent green home finance option has also […]
Director of Benham and Reeves, Marc von Grundherr, commented: “It’s full speed ahead following the Autumn Budget, with the monthly rate of house price growth in November the largest seen so far this year. It’s amazing what a little urgency can do and with stamp duty costs now set to increase from April next year, […]
Buy-to-let lender Landbay has announced another round of rate reductions, with rates cut by up to 0.20% across its standard two-year and five-year fixed rate products. The full 0.20% reduction has been seen on their standard two-year fixed rate products available up to 75% loan-to-value (LTV), with rates now starting from 3.59%. This also includes […]
A new survey from Butterfield Mortgages Limited (BML) reveals that UK buy-to-let (BTL) landlords place the highest value on brokers’ expertise in tax and regulatory matters, emphasising the need for brokers to provide knowledgeable and informed guidance. The London-based mortgage provider commissioned an independent survey of 501 UK landlords with BTL mortgages. Those who used […]
The net additional dwellings figures for 2023/24 reveal a 6% fall in housing supply, the drop signals even more troubling trends as other indicators such as planning permissions and Energy Performance Certificate registrations show home builders are struggling to deliver desperately-needed new homes. The latest annual housing supply statistics report 198,610 new build completions in […]
Buy-to-let lender Landbay has strengthened its product offering with the launch of a new limited edition range of remortgage products. The new launch sees no less than eight new remortgage products joining the Landbay range. This includes standard five-year fixed rate products, available at up to 70% and 75% loan-to-value (LTV), with rates starting at […]
Most landlords feel let down by the recent Budget but some are taking a longer view of the buy-to-let market, a new survey from Landbay has found. 72% of landlords told buy-to-let lender Landbay that they were disappointed by the Budget. Landlords were particularly concerned by increased stamp duty on second homes and investment properties. […]
Savills research reveals that the recovery on Europe’s prime mass market high streets – well-located, high-traffic retail areas that serve a broad consumer base – has gained momentum, with Q3 year-on-year (YoY) rental growth averaging 9.9%, nearly seven times the 1.5% recorded a year earlier. Prime luxury streets also saw strong rental growth at 5.9% […]
