In a world that is constantly changing, the searches for mortgage criteria that brokers have been carrying out on behalf of their clients have remained remarkably constant. With Bank of England base rate now on hold, the world of mortgages seems to have settled into a holding pattern with few changes across the residential sector, […]
Specialist buy-to-let lender Landbay has confirmed further reductions across its range of two and five-year fixed rate products. Landbay has announced reductions of 0.20% on its two-year and five-year fixes for both HMOs and MUFBs, with rates now starting at 5.04%. In addition to reductions to its standard two-year fixed rates, its two-year like for […]
Precise Mortgages, part of leading specialist lender OSB Group, has simplified the minimum ICR for personal ownership applications and improved how they assess buy-to-let affordability on short-term fixed rates and variable rate trackers. The changes provide more financing options for personal ownership and buy-to-let clients seeking larger loans and could be of particular interest for […]
Specialist buy-to-let lender Landbay has announced a major rate reduction across its range of two-year fixed rate products, with rates falling by as much as 0.50%. The news means Landbay’s two-year fixed product range now starts at 4.19%, with reductions also including its competitive like for like range. These products are suitable to landlords looking […]
Bank Rate rise Please see below the impact on the average variable rate mortgage if the Bank Rate is increased. Increase in average monthly mortgage payments: Tracker SVR 0.25 point increase £26.22 £14.53 0.5 point increase £52.44 £29.06 The increases in average monthly mortgage payments are calculated using an average outstanding balance of £125,854 […]
Precise Mortgages, part of the OSB Group, have launched refunded valuations and cashback products into their limited-edition range which also features no product fee. Precise have also cut rates across their residential 2-year fixed rate terms. Some key highlights include: Launch of refunded valuations and £300 cashback limited edition products with no product fees Reduced […]
Lenders and the government need to change the funding landscape for smaller housing schemes, says a leading provider of specialist finance to SME developers. David Norman, a director of mezzanine lender Davon, says action is urgently needed as smaller developers across the UK face crippling supply chain issues causing delays and cancellations of residential projects. […]
TAB has announced the launch of its new mortgage product where borrowers can earn discounts of up to half the exit fee by meeting ESG (Environmental, Social, Governance) criteria Interest-only loans range from £250,000 to £2,500,000 with a three to ten-year term The mortgage product will offer loan-to-value (LTV) ratio of up to 65% for […]
Rising borrowing costs are putting the squeeze on asking prices, according to Home.co.uk’s Asking Price Index for September. Home values slipped for the second consecutive month albeit not as sudden and profound as the drop seen in December 2022. Supply and demand are rebalancing in an orderly manner, with little or no panic-selling and no […]
Savills and Gerald Eve have been appointed by award winning developer, Dominus, to secure a forward funding partner for a student accommodation scheme with a gross development value in excess of £200m. This will enable the development of a 37 story super-prime, high specification, student accommodation scheme, “Medlock Tower”, in Manchester. The development will provide […]
