The average price of a home in Wales dropped to about £232,400 in the third quarter of 2024 –2.9% below October 2023 figures and almost 7% below its peak of £249,000 at the end of 2022. However, the pick-up in transactions in the third quarter has offset the slight downturn in prices, signalling a gradual […]
Landlord research carried out by mortgage market specialist Pegasus Insight reveals a prevailing mood of pessimism among landlords, despite the fundamentals for the private rented sector (PRS) remaining robust, with strong tenant demand, average yields reaching a 10-year high and the vast majority of landlords making a profit on their rental properties. The latest Landlord Trends report […]
Assetz Capital, a leading funder in the SME residential development market, has announced a significant milestone with the launch of its new 9.35% development finance rate, aimed at providing house builders, brokers, and landowners with a fast reliable financing solution up to 70% LTGDV UK wide. In tandem, decisioning is also available within 24 hours […]
The government has announced ambitious plans to build 1.5 million homes in England over the next five years, with a modern generation of New Towns being an important part of its house-building agenda. Halifax has analysed New Town house price trends over the last three decades to understand how these locations have performed compared to […]
Buy-to-let lender Landbay has announced rate reductions of up to 0.15% across its fixed rate product range. The biggest reduction is among its two-year fixed rate products, which have been cut by the full 0.15%. This includes its popular small HMO/MUFB range, available at up to 75% loan-to-value (LTV), with rates starting at 3.99%. The […]
Following hot on the heels of the recent completion of Assetz Capital’s largest ever development finance loan for £9m, to fund an 84 room aparthotel in Belfast City centre, the SME property finance specialist and development funder is pleased to announce a new funding line exclusively for Northern Ireland to focus on heavy refurbishment projects […]
Specialist lender Kent Reliance for Intermediaries (KRFI), part of the OSB Group has launched a brand new buy-to-let limited edition 1 year fixed product. It has been designed to help brokers and their clients navigate around an upbeat but challenging market whilst awaiting potential tax implications in the October Budget alongside base rate fluctuations. The […]
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, is announcing a ‘white glove’ service for property portfolio landlords. The company said that, as part of the service, it will now consider lending more than £5m, with approvals on a case-by-case basis. Zephyr is also offering brokers with eligible landlord clients a dedicated business development manager […]
A new survey of buy-to-let (BTL) landlords in the UK has found: 60% are optimistic about the future performance of their property investments, both in terms of capital growth and rental returns. 57% say the Bank of England’s August rate cut had a positive impact on their investments. Two-thirds (58%) believe BTL investments remain highly attractive […]
ModaMortgages, a new specialist buy-to-let (BTL) mortgage lender from Chetwood Financial, has announced its controlled launch today. ModaMortgages is to be the home of ‘smarter, faster, simpler’ BTL mortgages. Working exclusively through intermediaries, ModaMortgages will lend to a wide variety of landlords, including small and large portfolios, limited companies, individuals, and first-time landlords. During its […]
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