Foundation Home Loans has announced the launch of a new suite of products specifically for landlords buying or refinancing Multiple Properties Under One Title. The new product suite is available under the Solutions by Foundation brand, which offers broad and specialist criteria and products for an additional layer of specialist buy-to-let needs, covering multi-occupancy properties, […]
The monthly cost to first-time buyers of owning a home is now £1,231, -£27 lower than renting an equivalent property. This is the smallest gap between home ownership and renting recorded since 2019, according to the latest Halifax Owning vs Renting Review. The analysis, based on the housing costs associated with a mortgage on a […]
According to Savills latest report ‘The size and make-up of the UK warehousing sector’, co-authored with the UK Warehousing Association (UKWA), online retailers have seen the largest increase in occupation across the UK warehouse market. The sector has grown from 8 million sq ft to 69 million sq ft since 2015, signifying an increase of […]
Just Mortgages, one of the UK’s largest mortgage brokerages, has launched its new Adviser Council to serve as the voice of brokers in future plans for the self-employed division. The inaugural council brought together six successful brokers from across its nationwide network to share their insight and represent the views of brokers in discussions. Alongside […]
Buy-to-let lender Landbay has launched new five-year fixed rate products at 80% loan-to-value (LTV) for both standard properties and small houses in multiple occupation (HMOs), alongside a raft of further rate reductions. The new 80% LTV five-year product for standard properties is available at 6.39% and comes with no product fees. The HMO version is […]
North American cities continue to dominate top of Index but Europe and Asia catching up; Toronto, Melbourne and Helsinki rise by 16, 13 and 12 places respectively to make the top 20 this year. Savills has named New York, Tokyo, London, Seoul, and Los Angeles as the world’s top five cities in its annual Resilient Cities […]
The Open Property Data Association (OPDA) has released a new version of its property data standards framework to help letting agents comply with new guidance. Hot on the heels of its framework launch in February, OPDA’s latest version provides tools to simplify agents’ compliance processes with the National Trading Standards Material Information for Lettings guidance. […]
‘Buy to Let by Foundation’, the buy-to-let brand of Foundation Home Loans, the intermediary-only specialist lender, has today (Wednesday 20 March) introduced a brand new, limited edition two-year fixed rate buy-to-let product to further extend its core buy-to-let proposition. Available for both purchase and remortgage purposes, the F1 limited edition two-year fixed rate BTL mortgage […]
Precise, part of OSB Group, has made a number of changes across its buy-to-let product ranges. Highlights include: Current Tier 1 80% LTV buy-to-let rates reduced by 50bps New Tier 2 and Tier 3 buy-to-let ranges for adverse cases The lender has re-introduced Tier 2 and Tier 3 buy-to-let products, starting from 5.19%, designed for […]
The total value of all homes across the UK now stands at £8.678 tn (£8,678,000,000,000), according to new research by property firm Savills, with Scotland outperforming. Housing wealth continues to exceed £7 tn; a figure 2.6 times the size of the UK’s economy. Scotland outperforms Modest fall across London and the South (most exposed to […]
