The UK’s self-employed workforce is sitting on nearly £82bn of disposable income – but despite their growing wealth, four in five entrepreneurs have struggled to get a mortgage. They face being locked out of the mainstream mortgage market, despite accumulating a combined wealth nest egg of £81.5bn, currently enough to fund the average first time […]
Precise, part of OSB Group, has upgraded its policy around automated valuation models (AVMs) to help brokers speed up their bridging caseloads and free up more of their valuable time. With AVMs replacing select physical valuations, it can help smooth applications from offer to formal completion and enable customers to keep their cases moving without […]
Buy-to-let lender Landbay has announced the launch of a brand-new product transfer offering, bringing new efficiencies and greater options to brokers and their landlord clients. The new service enables brokers to start the process of helping clients switch to a new rate up to three months before their current deal ends, providing brokers with a […]
Funding 365 has today confirmed a cut in interest rates for its unregulated Residential Bridge and Light Refurbishment products, which are available to all brokers with immediate effect. Both products now feature monthly interest rates from 0.69%pm up to 65% LTV, from 0.74%pm up to 70% LTV and from 0.79%pm up to 75% LTV. Qualifying […]
Buy-to-let lender Landbay has announced rate reductions across its product range, with rates cut by as much as 0.30%. The biggest reductions can be found in Landbay’s popular small HMO/MUFB range, which has seen reductions of up to 0.30%. Rates now start at 5.04% for a small HMO/MUFB five-year fixed rate product, available at up […]
As the Renters Reform Bill begins to reshape the property rental market, new research from OSB Group reveals a changing dynamic between landlords and tenants. Psychological research, in partnership with Innovation Bubble, found that tenants in the UK view property as an extension of their own identity. When this self-identity is challenged, it can drive […]
The latest HPI data from e.surv and Acadata indicates a turning tide with a 0.1% increase in the average sale price of a home in England and Wales, a welcome change following four months of decline. A combination of strong wage growth and strong first-time buyer demand due to Stamp Duty relief are thought to […]
The latest research by London lettings and estate agent, Benham and Reeves, has revealed which prime London postcodes are currently seeing the highest levels of market activity, as well as the postcodes commanding the highest price amongst the capital’s high-end homebuyers, with one Westminster postcode topping the table with an average sold price of £6.m over […]
A record number of landlords (88%) have no confidence in the current private rental sector, a figure that increases to 90% in London, according to new data from SpareRoom, the UK’s leading flatsharing website. More than a third (34%) of landlords plan to leave the sector altogether this year, spelling a stark reduction in long-term […]
Assetz Capital, a leading funder in the SME residential development market, has cut its development finance rates again to a new headline rate from 9.1%. This significant rate reduction comes just months after a rate cut in October last year. Andrew Fraser, chief commercial officer at Assetz Capital, commented, “We need to pass on interest […]
