According to Savills latest report on the UK build-to-rent (BTR) market, 2023 saw a total of £4.5bn of investment, signalling the second highest year on record, following 2022 (£4.6bn). Single Family Housing (SFH) took a record-breaking share of investment at £1.9bn, accounting for 42% of the total figure, up from just 8% in 2022. Savills […]
Hodge is increasing its maximum loan size on its Professional, 50+ and RIO mortgage products, as well as offering a higher LTV on these products for those customers wanting to consolidate debt. As a specialist lender with a focus on supporting those with complex income streams, Hodge’s latest criteria changes include: For debt consolidation purposes […]
The Welsh housing market is expected to considerably outperform the rest of the UK over the next five years, according to research by Savills. The analysis also shows that while the market remains relatively weak, the outlook is improving. The analysis, published by Savills UK residential research, looks at the housing market and supply across […]
Letting agency Hamptons recently released data highlighting the number of limited companies set up to hold buy-to-let properties reached record highs in 2023, with 50,004 limited buy-to-let companies set up in the UK last year. Below, James Mole, director of property funding and insurance firm, J3 Advisory provides expert insight into what this could mean for UK property developers who […]
Access Financial Services (Access FS) has partnered with Nomo Bank to offer customers access to Sharia compliant property finance for UK rental and residential property. The products address a clear gap in the market for Gulf Cooperation Council (GCC) based customers looking for holiday homes, buy-to-let properties and other residential opportunities. There are very few […]
While the turbulence evident across interest rates throughout 2023 has eased, debt and the cost of borrowing continues to be at peak levels – with a third of property developers, landlords and investors citing inflation (30%) and high interest/mortgage rates (27%) as the biggest challenge to plans this year. However, there are clear signs the […]
Hodge is making some significant enhancements to its Professional Mortgage criteria, including broadening the occupations it will lend to, including mortgage brokers, IFAs and investment bankers. It will lend to both established professionals and younger professionals by changing its maximum age criteria to 75 at the point of application and to 80 at the end […]
The government’s Leasehold and Freehold Reform Bill had its second reading on 11 December 2023, with the process occurring concurrently with a consultation on restricting ground rents for existing leases, which closed on 17t January. MPs are currently questioning witnesses and debating at the committee stage of the Bill. Today, campaign group the Pensioners for Ground […]
Rents continue to be robust and in many locations are rising across the South East industrial market, according to SHW’s Q1 2024 South East Industrial Focus. Tim Hardwicke, SHW’s partner and head of agency, comments: “On the whole, 2023 saw a good level of take up in most areas across the South East, across all […]
Molo Finance, the UK’s first fully digital mortgage lending platform, has announced reductions in its buy-to-let fixed-rate products, by up to 71 bps. Molo’s buy-to-let rates start from 3.94% for a two-year fixed for both individual and limited companies at 75% Loan-to-Value (LTV), while the five-year fixed rates commence at 5.19%. Specialist product rates start […]
