While it’s been a tough year for the property market, activity is likely to pick up in the coming Autumn months. That’s according to specialist property lending experts, Octane Capital, which studied mortgage approval trends over the past 60 months to build a picture of what to expect. Over the past five years mortgage approvals […]
Research from Savills reveals that five deals totalling £102.2m took place across the West End in July, bringing turnover this year to date to £1.92bn (58 transactions). The research also shows that there is £4.10bn of available stock across 87 opportunities, which is the highest volume this year to date, with 50% (by lot size) […]
London’s businesses are continuing to turn to flexible office space as Q2 figures reveal an increase in those opting for shared work environments with the latest data giving a unique insight into the capital’s property trends. Statistics by Flexioffices, published in its 2023 Q2 State of The Market Report, show the number of listings in core London markets are up as a whole by nearly 10% (9.86). […]
As mortgage rates continue to rise, analysis of Google search data reveals that searches in the United Kingdom are skyrocketing regarding the mortgage crisis, with terms such as ‘Mortgage help’ exploding by 1,366% in the past seven days. The analysis, by mortgage broker L&C Mortgages, reveals the United Kingdom’s current searches relating to the current […]
The latest Mortgage Market Tracker report from the Intermediary Mortgage Lenders Association (IMLA) reveals surprisingly upbeat market sentiment among advisers during Q2, although the data indicate growing caution about the outlook for the sector. Overall, 75% of advisers described themselves as ‘confident’ about the mortgage market for the quarter, but the proportion of those who […]
The Royal Institution of Chartered Surveyors (RICS) UK Residential Survey for July 2023 paints the picture of a housing market continuing to lose ground to the effects of higher mortgage rates. At the national level, new buyer enquiries posted a figure of -45%, like last month’s figure of -46%. As a result, this metric continues […]
The Chartered Institute of Taxation (CIOT) has backed proposals to remove tax deductions made on payments by landlords to tenants for construction works on properties. The Construction Industry Scheme (CIS) is a revenue protection scheme that requires a contractor to deduct money from payments made to subcontractors in relation to construction work, which is then […]
The Association of Short Term Lenders (ASTL) Bridging Mortgage loan books continued to grow in Q2 2023, increasing by more than 5% to an all-time high of just over £7.1bn. This is following the latest data collection information provided by its member lenders. The figures, compiled by auditors from data provided by members of the […]
Aldermore today announces an additional limited edition buy-to-let product, helping to support landlords in securing better deals for their portfolios. All products are fixed at 5 years with a 5.00% product fee. The following rates are available immediately: Buy-to-let for individual landlords with single residential investment properties 5.89% to 75% LTV Buy-to-let for company landlords […]
Manufacturers are urging the government to include building products in its decision to offer an indefinite extension of the European CE marking system for a panoply of manufactured goods. They claim that delaying the deadline for the introduction of UK conformity assessed, UKCA, products by 18 months to 30 June 2025 is insufficient time. Construction […]
