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 […]
Hampshire Trust Bank (HTB) has reduced monthly interest rates across its full bridging finance range by 10 basis points (0.10%), effective immediately. The reduction applies to all bridging loan types, including residential and semi-commercial assets, and includes its heavy refurbishment product, which is designed for experienced developers undertaking substantial works such as house-to-HMO conversions and […]
Buy-to-let lender Landbay has announced rate reductions across its popular non-portfolio range of products, with rates falling by 0.25%. The non-portfolio range, designed for landlords with three or fewer mortgaged properties, benefits from both AVM and standard valuation options. This five-year fixed rate range starts at 4.09% and is available up to 75% loan-to-value (LTV). […]
Allica Bank, the leading UK challenger bank for established businesses, has launched a new long-term sub hire product as part of its growing asset finance proposition. The innovative product means hire companies can hire the equipment to their customers for up to 36 months and opt for a fixed rate hire purchase agreements of up […]
Landlord research carried out by mortgage market specialist Pegasus Insight reveals a worrying trend, with far more landlords planning to sell off property than invest in the next year, 39% saying they will probably exit the market within the next five years and only 22% saying they have no intention of selling. The latest Landlord Trends report […]
Assetz Capital, a leading funder in the SME residential development space, has announced a further cut to its development finance rates, now starting from a highly competitive 8.85%. This follows a prior rate reduction in February, signalling the lender’s continued push to drive housing delivery across the whole of the UK, with a series of […]
The latest analysis by award winning mortgage adviser, Alexander Hall, suggests that whilst some evidence may point to more landlords leaving the sector, there has been a significant increase in the number of new buy-to-let loans being secured in recent months, driven by the ever-improving rates on offer to investors. The analysis of the latest industry data* […]
