Lender and investor sentiment has improved compared to 12 months ago, Savills revealed at its 36th Financing Property presentation in London today, Wednesday 22nd May 2024. According to the Savills survey, respondents were more likely to lend and invest in the living sectors, residential development and prime logistics. Sentiment around pricing also improved across all […]
According to Savills research, office take-up in Birmingham reached 203,385 sq. ft in Q1 2024, a 32% increase on Q1 2023, and up 11% and 19% against the five and 10 year average respectively. The largest deal of the quarter was a pre-letting at Typhoo Wharf, where BBC has taken 84,000 sq. ft. Savills research […]
Kent Reliance for Intermediaries, part of OSB Group, has introduced new buy to let (BTL) products and reduced rates. Launched products include reduced 75% LTV rates, lower LTV options and large MUFB products. Key BTL updates include: Reduction on 75% LTV rates New lower LTV options at 55% and 65% LTV for 5-year fixed rates […]
The latest Mortgage Market Tracker report from the Intermediary Mortgage Lenders Association (IMLA) reveals that intermediary confidence in the outlook for the mortgage industry increased in Q1 2024, with 24% of advisers describing themselves as ‘very confident’ and 62 % ‘fairly confident’ about the future, compared with 14% and 60% in the previous quarter. The proportion of advisers […]
The second charge specialist will provide secured loans in England, Scotland and Wales through a panel of specialist broker partners. Its market leading technology will provide a paperless application journey and this, supported by specialist underwriting expertise, will drive its ambition to deliver best in class service. With a management team consisting of highly experienced […]
Steadily rising mortgage costs have negatively impacted the market rebound, according to Home.co.uk’s Asking Price Index for May. Earlier this year, the market factored in a cut in the Bank of England base rate as inflation fell precipitously, and this encouraged plenty of potential vendors to commit. But actual mortgage rates have been rising ever […]
New polling by YouGov, commissioned by CPRE, the countryside charity, has revealed that half of people who object to new housing in their local area would support them if the homes were affordable to people on average local incomes. Whereas 41% said they did not want to see the construction of more homes close to […]
Atom bank, the UK’s first app-based bank, has announced it is reducing the interest rates charged on its range of commercial mortgages by up to 0.61%. The changes will see variable rates start at 2.04% over base rate, while fixed rates start at 6.25% for loans with a maximum loan-to-value of 45%. Atom bank’s range […]
Property firm Savills has today upgraded its five-year UK mainstream house price forecast to reflect the stronger than expected start to the year and a modest improvement in lead indicators of demand. Savills revised forecast expects house prices to grow 2.5% in 2024 (revised from -3.0% as forecast in early November 2023), primarily due to […]
A Freedom of Information (FOI) exercise undertaken by the Home Builders Federation has found that more than £50m of taxpayer money was spent on external legal advice on planning appeals over the past three years. The money comprises spending by individual councils and by the Planning Inspectorate, an executive agency of the Department for Levelling […]
