The British Business Bank has increased its existing ENABLE Build facility with United Trust Bank (UTB) by £100m. This builds on the existing £250m transaction agreed in April 2021, bringing the total facility to £350m. To date, UTB have provided more than £830m of funding to smaller housebuilders through the ENABLE Build programmes. This transaction […]
Home market values have gone sideways overall during the last year, according to Home.co.uk’s Asking Price Index for December. Having rallied over the summer, prices edged down again in November (by 0.7%) in line with seasonal expectations, but annualised growth posts a positive figure (0.1%) for the first time in nine months. Limited stock for […]
Foundation Home Loans, the intermediary-only specialist lender, has today (Tuesday 12 December) repriced selected products across its core BTL range to incorporate rate reductions of up to 0.20%. The specialist lender has lowered the rates on its F1 and F2 two-year fixed rate range by 0.20%. The F1 two-year fixed rate now comes with a […]
Landlords who transferred their rental properties in a company in 2017/18 are being targeted by HMRC in the latest campaign to ensure all tax liabilities are correctly reported, say leading tax and advisory firm Blick Rothenberg. Heather Powell, a partner and head of property and construction at the firm said: “Landlords who incorporated their property […]
UK Finance has today published its housing and mortgage market forecasts for 2024 and 2025 together with projections for 2023 full year numbers. Key figures for 2023 In 2023, higher interest rates and household costs limited access to mortgage credit. Affordability constraints have also dampened external remortgaging activity, although there was growth in the internal product transfer market, where […]
Buy-to-let lender Landbay has announced further rate reductions across its standard five-year fixed rate product range, with rates reduced by up to six basis points (0.06%). The product range now starts at 4.65% and is stressed at pay rate. Alongside a reduction in rates, adjustments to the minimum loan size have been made. All the […]
The Intermediary Mortgage Lenders Association has today published a new report seeking to gain a better understanding of Private Rented Sector (PRS) providers. The IMLA Landlord Survey explodes the myth of the well-heeled investor easily able to absorb increasing costs without passing them on to their more financially-constrained tenants. Instead, the report reveals a market […]
Three quarters of buy-to-let landlords (76%) have raised rent over the past year with the main reason being to cover higher mortgage costs, according to the latest Landbay survey. Over half of landlords (51%) cited mortgage payments and 20% said their letting agent had advised them to raise the rent. Property maintenance, repairs and upgraded […]
Savills researchers from around the world are predicting a more positive real estate investment environment in 2024, with 57% on average expecting a moderate to strong increase in investment activity next year, although this rises to as high as 70% of respondents for multifamily residential property and 66% for industrial and logistics. Savills says that […]
The Open Property Data Association (OPDA) has offered strong support for new guidance on the essential information that property agents need to include in listings. The association says that the integration of technology and open data will make compliance with the guidance easy for agents. The National Trading Standards Estate and Letting Agency Team (NTSELA) […]
