The Greater London and South East office market showed a significant bounce back in leasing activity in H2 2023, with total take-up of 1.75 million sq ft, which was 93% higher than the H1 2023 total, and the highest H2 take-up seen since 2018, according to the international real estate advisor Savills. On a quarterly […]
Landbay has become the first dedicated buy-to-let lender to integrate automated valuation models (AVM), to speed up offer times significantly. AVMs are available on a new standalone range of five-year fixed-rate products, with a maximum property value of £750,000 at 70% loan-to-value (LTV). Rates start at 4.29% and are stressed at payrate (see table below). […]
The Brightstar Group has announced that it is adopting a group-wide strategy to support team members in their pursuit of achieving the Certified Practitioner of Specialist Property Finance (CPSP) and has already signed up the first cohort of 20 team members. CPSP launched as a joint initiative from ASTL, FIBA, and The London Institute of […]
According to Savills new Future of Build to Rent Houses report, up to 1 million additional homes will be required to accommodate growing rental demand, particularly from young families, across England and Wales. Demand will be driven by the recent slowdown in stock availability in the private rented sector (PRS), worsening housing affordability, end of […]
InterBay, part of the leading specialist lender OSB Group, has relaunched its full product range with reduced rates and new products to help their intermediary brokers with commercial and semi-commercial options for their clients. Whilst the Core range includes reduced rates across both commercial and semi-commercial products, the Select range, which brokers can access via […]
Leading prime property finance firm CapitalRise has today announced a new £250m bank funding line, as part of the firm’s wider approach to diversify and increase the resilience of its capital sources and facilitate further lending growth. This latest funding line is the fifth and largest secured by the firm to date. Alongside variable pricing […]
Buy-to-let lender Landbay has announced its second round of rate cuts this week across its product ranges, with two-year rates now starting at 3.94%. Landbay has cut rates across the standard two-year range by up to 0.35% and across its two and five-year small Houses of Multiple Occupation (HMOs)/Multi Unit Freehold Blocks (MUFB) range by […]
Precise Mortgages, part of the OSB Group, has announced reduced rates and new products across their residential mortgage range to help brokers support customers with greater choice and flexibility around affordability challenges. The refreshed residential range now includes 80% LTV rate products as well as limited edition 65% LTV products, with rates starting from 5.44%. […]
Pepper Money has cut prices across its entire product range, with rates reduced by as much as 0.98%. The largest rate reduction is on a Pepper 18 Light 5-year fixed rate up to 80% LTV, which has been cut by 0.98%. For customers with recent adverse, there are reductions on Pepper 6 up to 80% […]
Landlords who hoped that 2024 might arrive with more balance in the reporting of property rental issues are already reeling from another attack. A Citizens Advice spokesperson has claimed that landlords are using Section 21 evictions to avoid carrying out property repairs. Sim Sekhon, MD of LegalforLandlords is just one of many who have declared […]
