Manchester headquartered specialist lender, Assetz Capital, has launched a new Planning Assistance Loan product, aimed at supporting the conversion of commercial buildings into residential dwellings. The new product solution is specifically designed to help experienced property developers acquire commercial buildings, with the intent of securing residential, PBSA, or PRS Planning Permission for onward redevelopment during […]
The new build division at national brokerage Just Mortgages has reported a bumper start to the year, with new build leads and enquiries up 40% year-on-year. In addition to a strong start compared to 2023, the team at Just Mortgages has seen a month-on-month increase in enquiries across its new build division. In fact, in […]
The government has announced measures to regulate short-term lets. Under the new rules, the government says planning permission will be required for future short-term lets and a new mandatory national register will provide valuable information and help ensure accommodation is safe. Commenting on the decision, Paul Miner, head of campaigns and Policy at CPRE, the […]
Buy-to-let lender Landbay has expanded its product range with the introduction of two new five-year fixed-rate products, available with no product fees. The first is a standard five-year fixed rate product at 5.69%, which is available at 75% loan-to-value (LTV) and with maximum loan size of £1.5m. The second is an addition to Landbay’s new […]
Over a third of landlords will push back ESG goals and actions due to government flip-flopping to meet low-carbon emission targets, according to RSM UK’s Real Estate 360 survey. Research commissioned by leading audit, tax and consulting firm RSM UK shows that 35% of businesses will roll back action to meet ESG goals due to […]
TAB, the real estate finance and investment house has expanded its reach to Scotland, where it is now operating its bridging loan services to customers. TAB will focus on main towns and cities within Scotland catering to all commercial and residential properties. Sales development director Jon Sturgess will spearhead the Scotland team to develop new […]
Asset-based lender Ultimate Finance has announced it has beaten its record for new bridging funding for the third month in a row, after having experienced a 110% growth in origination in 2023. Head of bridging Finance Liam Cavanagh, says, “Over the past few years our range of residential bridging loans have evolved with the needs […]
Hodge is making significant enhancements to its Holiday Buy-to-Let Mortgage criteria and reducing rates across most of its product range by up to 17bps. The specialist lender is moving its five-year stress rate to pay rate and pound for pound stress rate to the maximum of 5.5% or pay rate + 1%. It will also […]
Savills latest ‘Global Occupier Markets: Prime Office Costs’ analysis shows that average rents for the best office space in key cities around the world ended the year 1.9% above 2022 levels, although tenants’ ‘all in’ net effective costs, which include the cost to fit-out space, have increased by an average of 2.6% year-on-year, reflecting a […]
Buy-to-let lender Landbay has announced a new partnership with leading property data provider, WhenFresh (a PriceHubble company), to assist and speed up its underwriting process. WhenFresh brings together more than 200 proprietary, private and public datasets, including sources such as environmental, geographical and market data, to determine property attributes and risk. WhenFresh data now assists […]
