Pepper Money has reduced buy-to-let rates by up to 40 bps as part of the lender’s ongoing commitment to developing and improving its proposition. The new rates apply across Pepper Money’s buy-to-let range, which is available to individuals as well as limited companies and from first-time landlords to portfolio investors. The biggest reduction is on […]
House builders north of the border are calling on the Scottish government to step up new builds to 25,000 a year and to include more private homes. Homes for Scotland, HfS, the country’s housebuilding trade body, is unhappy that the government’s current targets are predominantly for social rent. Chief executive Nicola Barclay wants the government […]
As the UK marks six months since the country went into lockdown, Masthaven Bank has today revealed the extent of its support for its intermediary partners and customers throughout the Covid-19 crisis. Since March, the specialist lender has paid £1.4m in commission to its intermediary partners, providing vital financial support to these individuals and businesses. […]
Traditionally looked down on as a cheap post-war housing solution, pre-fabs could account for up to a quarter of all new homes, according to a new policy paper. The report Build Homes, Build Jobs, Build Innovation proposes a fast-track investment to construct 75,000 modular homes off-site a year by 2030. The paper is co-authored by […]
The Just Mortgages self-employed division has continued its rapid growth and has now passed the 300-broker mark. The self-employed division offers a solution to brokers who are looking for the independence that comes from being self-employed but value the support they get from being employed. It was established in June 2016, with just three brokers, […]
A property group has acquired a block of more than 40 flats to re-home victims of domestic violence, after securing a £30m loan facility. Manchester-based HS Property Group (HSPG) – which has invested over £100million in the social housing sector – has agreed the loan facility with Together for the group to buy, refurbish and […]
Landbay, one of the UK’s leading specialist buy-to-let lenders, has today reduced the rate on its Special Edition two-year fixed rates for both 60% and 70% LTV by 14 and 10 basis points respectively. The rates are now amongst the most competitive specialist buy-to-let rates in the market. Landbay, which is institutionally funded, has also […]
P2P lending platform Proplend announced this week that it had broken through the £100m lending milestone across the platform (£102m as of today), returned over £47m of capital and paid £10m of interest to its Lender base. Proplend Limited is a fully FCA authorised peer-to-peer lending platform specialising in sub £5m, secured commercial property loans […]
The total value of construction contract awards in August 2020 was £4.4 billion based on a three-month rolling average. This is 21.2% higher than for July but is a decline of 8.5% compared with August 2019. The rolling three-month average data is positive, but examination of the raw monthly data shows that contract awards in […]
A customer has successfully completed two double-quick deals in just five days each with Aspen, smashing the lender’s own Time-Based Service Excellence Targets. Both cases were auction purchases which had entered notice period deadlines and needed fast solutions to enable completion. The company was initially approached in July to purchase and renovate a detached property […]
