The latest Mortgage Market Tracker report from the Intermediary Mortgage Lenders Association (IMLA) shows intermediary confidence in their own business, the outlook for intermediary channel and the mortgage industry rebounding to near record highs. In Q1 2025, 98% of intermediaries said they felt ‘very confident’ (46%) or ‘fairly confident’ (52%) about the prospects for their own business; 94% felt […]
Buy-to-Let (BTL) mortgage brokers are overwhelmingly recommending fixed-rate mortgages to landlords, with 5-year fixed products emerging as the top choice. The research, undertaken by BTL lender Landbay, asked brokers, “What’s your go-to mortgage recommendation for landlords right now?” Landbay found that 83% of brokers were recommending fixed-rate mortgages with only 17% recommending tracker products. Roughly […]
HMRC’s latest statistics show changes to Stamp Duty Land Tax (SDLT) in April caused the UK property market to have an unprecedented surge in transactions during March, say leading audit, tax and business advisory firm, Blick Rothenberg. Tom Goddard, a senior associate at the firm, said: “The statistics show there were 77,480 more residential property […]
An award-winning specialist business bank is making changes to its product criteria to boost the affordability of its residential investment buy-to-let mortgages for professional landlords. In response to the continued higher interest rate environment and following consultations with leading brokers, Redwood Bank has reassessed its proposition. These new changes increase the leverage available to landlords, […]
The UK bridging market is on course for a strong year ahead, according to new research from specialist lender Black & White Bridging. The firm’s latest broker survey reveals that 72% of intermediaries predict growth in the bridging market in 2025, with one in ten forecasting high growth, as demand for fast, flexible finance continues to […]
Aspen has responded to the latest Bank of England base rate reduction with the launch of a new Rate Card, showing cuts of up to 72bps across several of its most popular products. Residential bridging is now 0.78% pm at 75% LTV, a reduction in pricing of 72 bps. Heavy Refurbishment is now available at […]
The latest research from over-50s property specialists, Regency Living, reveals that mid-sized homes are by far the most in-demand on today’s property market, while the appetite for detached homes has reduced in the face of heightened mortgage costs. Regency Living analysed buyer demand data for each property type in the current market and found that buyer […]
The value of homes increased in every English region except for Greater London and the South East during April, according to Home.co.uk’s latest Asking Prices Index. Surplus stock in the capital and the South East is creating strong downward price pressure, Home.co.uk found. Asking prices are also up in Scotland and Wales, helping prices rise […]
Gatehouse Bank has today announced various rental rate reductions of up to 0.27% across its range of Buy-to-Let (BTL) Purchase Plans available for UK Expats and International Residents. Today’s changes have been applied on standard and green two-year and five-year fixed term products, with two-year fixed term products seeing a rental rate* reduction of 0.26% […]
The house buying process takes 41% longer than expected, according to new research from Open Property Data Association (OPDA) which found that, on average, people expected it to take 88 days to exchange contracts once their offer on the property was accepted. But when asked “How long did it actually take to exchange contracts once your […]
