Crystal Specialist Finance (CSF) has witnessed a record-breaking start to 2024 as it targets more than £1bn worth of loan enquiries and applications for the fourth successive year. From January to March inclusive, the specialist finance distributor has processed its highest-ever volume of loans, with bridging (35%), buy-to-let (26%) and commercial (24%) representing the majority […]
London’s £5m-plus residential market continues to slow from its post-pandemic record high, but remains significantly stronger than the pre-pandemic average, according to the latest research from property firm Savills. A total of 89 £5m-plus homes changed hands across London in Q1 2024 according to an all-market analysis from Savills, with a total value of £918m. […]
Positive trends in all the key indicators underline the fact that the UK property sales market has recovered from the interest rate shocks and is proceeding apace, according to Home.co.uk’s Asking Price Index for April. Properties are moving through the market more rapidly overall than was observed in pre-Covid years. Confidence has risen significantly following […]
Just Mortgages, one of the UK’s largest mortgage brokers, has revealed robust results for 2023, with brokers across both its divisions outperforming the market. Against a backdrop of higher interest rates and fierce affordability challenges, both employed and self-employed brokers still wrote more than 30,000 mortgage applications. This is in spite of the fact that […]
Specialist property lender, ASK Partners (ASK), today announces that more than £45m invested in commercial and residential real estate debt has been exchanged via its secondary market platform. The company has developed its own unique digital private wealth platform which has created the choice and liquidity traditionally not available to investors in this asset class. […]
The UK’s first Sharia-compliant bridge finance company Offa has today announced a £100m credit line from a fund managed by UAE-based Gulf Islamic Investments Group (GII). The credit line is the largest of its kind outside of the Gulf, creating significant capacity for Offa to expand and diversify its bridging propositions in the UK property […]
The majority of buyers and sellers in the prime housing market will not be deterred by the upcoming general election, according to the latest research by property firm Savills. The survey of 1,200 prime home movers revealed that for the vast majority (79%), an upcoming general election doesn’t change their plans to move, while 13% […]
The commercial mortgage rates offered by Atom bank, the UK’s first app-based bank, have reduced. As a result, variable rates now start at 2.08% above base rate for loans at 45% loan to value. Highlights of the range include: Loan type LTV Representative rate over base rate* Trading businesses 60% 2.89% Trading businesses 50% 2.59% […]
The UK’s largest specialist mortgage lenders are accounting for a 22% increase in Expected Credit Loss (ECL) provision as mortgage defaults spike, according to a new report from AI powered transaction analytics firm, Fuse. Analysis of the most recent financial statements of ten of the UK’s largest specialist mortgage lenders indicate that lenders are accounting […]
Prime London rental values ticked up 0.3% over the first three months of 2024, according to the latest index results from property firm Savills, as the market continues to slip back into a seasonal pattern. While on an annual basis, the rate of rental growth has slowed for six successive quarter to 3.2% in Q1. […]
