Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced it is reducing rates on its two and five-year mortgage products. The lender said that it is offering the following for properties with an A to C-rated energy performance certificate (EPC): 3.14% on a two-year, fixed rate, standard mortgage up to 65% LTV, with a […]
The average price of a home sold in Wales increased slightly to £233,200 in the final quarter of 2024, remaining approximately at the same level as the start of the year. The figures have been released from Principality Building Society’s Wales House Price Index for Q4 2024 (October – December), which demonstrates the rise and […]
The Private Rented Sector (PRS) needs an amnesty from further government-mandated change in order to prevent landlords quitting the sector, reducing much-needed supply and further increasing record rents. This was one of the key messages that emerged from the first Landlord Trends workshop hosted by Pegasus Insight along with contributors from Hometrack/Zoopla and the National Residential Landlords Association and attended by representatives […]
The latest HPI data from Walker Fraser Steele powered by Acadata, indicates annual growth with a 1.2% increase in the average sale price of a home in Scotland – 2.4% higher than this time last year. This marks a departure from the downward trend seen in 2023. The driving factors are believed to be a renewed emphasis […]
The UK’s self-employed workforce is sitting on nearly £82bn of disposable income – but despite their growing wealth, four in five entrepreneurs have struggled to get a mortgage. They face being locked out of the mainstream mortgage market, despite accumulating a combined wealth nest egg of £81.5bn, currently enough to fund the average first time […]
Precise, part of OSB Group, has upgraded its policy around automated valuation models (AVMs) to help brokers speed up their bridging caseloads and free up more of their valuable time. With AVMs replacing select physical valuations, it can help smooth applications from offer to formal completion and enable customers to keep their cases moving without […]
Buy-to-let lender Landbay has announced the launch of a brand-new product transfer offering, bringing new efficiencies and greater options to brokers and their landlord clients. The new service enables brokers to start the process of helping clients switch to a new rate up to three months before their current deal ends, providing brokers with a […]
Funding 365 has today confirmed a cut in interest rates for its unregulated Residential Bridge and Light Refurbishment products, which are available to all brokers with immediate effect. Both products now feature monthly interest rates from 0.69%pm up to 65% LTV, from 0.74%pm up to 70% LTV and from 0.79%pm up to 75% LTV. Qualifying […]
Buy-to-let lender Landbay has announced rate reductions across its product range, with rates cut by as much as 0.30%. The biggest reductions can be found in Landbay’s popular small HMO/MUFB range, which has seen reductions of up to 0.30%. Rates now start at 5.04% for a small HMO/MUFB five-year fixed rate product, available at up […]
As the Renters Reform Bill begins to reshape the property rental market, new research from OSB Group reveals a changing dynamic between landlords and tenants. Psychological research, in partnership with Innovation Bubble, found that tenants in the UK view property as an extension of their own identity. When this self-identity is challenged, it can drive […]
