According to Savills, take-up of science related real estate across the golden triangle of London, Oxford and Cambridge totalled 674,000 sq ft in H1 2023, 36% above the five year average. Whilst this is a 16% decrease on the 800,000 sq ft recorded in the first half of 2022, this can largely be attributed to […]
The average house price in Wales has dipped to £242,076 in the second quarter of 2023, down 1.2% since last quarter. This is the second consecutive quarterly fall in 2023 and demonstrates a decline of more than £3,000 since March. The figures have been released from Principality Building Society’s Wales House Price Index for Q2 […]
Hanley Economic Building Society has bolstered its residential and buy-to-let propositions through the introduction of a pair of five-year fixed rate products. The residential offering is a five-year fee-free fixed rate mortgage available up to 95% LTV with a headline rate of 6.35%. This product is available for purchase and remortgage purposes and includes a […]
The majority of buy-to-let landlords (64%) are not planning to sell any of their properties in the next 12 months, latest data from the Landbay quarterly survey has revealed. The strongest sentiment was found among landlords with individual properties (75%) and those with smaller portfolios of two or three properties (69%). However, almost the same […]
London’s £5m-plus residential market is back in business after a slow first quarter, according to new analysis from real estate adviser, Savills, though buyers remain price sensitive and focused on best in class properties and addresses. Across the market as a whole a total of 132 properties worth in excess of £5m changed hands in […]
A major scaling up of custom and self-build homes has failed to materialise due to insufficient publicity and available land, claims Conservative MP Richard Bacon. He is disappointed at the lack of progress since the 2016 housing and planning act where the government pledged to double the number of self-commissioned homes over two years. “Too […]
Landbay has launched a new limited edition range of 18 standard five-year fixed rate products with rates starting at 5.15%. The specialist buy-to-let lender has also added six new two-year and five-year fixed rate products for large HMOs and MUFBs, with rates starting at 6.59%. That’s in addition to new fixed-rate products including standard two-year […]
Award winning specialist lender MT Finance has today launched its new buy-to-let product criteria on Knowledge Bank. MT Finance was launched in 2008 and has 15 years’ experience in the buy-to-let and bridging sectors. This is the first time that MT Finance has offered buy-to-let mortgages and brokers will be able to use Knowledge Bank […]
Home price growth has stalled and the stock of unsold property has surpassed the 10-year average to reach a new 30-month high, according to Home.co.uk’s asking price index for July. However, it should be noted that both prices and stock levels typically peak during the summer. It is, therefore, not yet clear whether the UK […]
Some mortgage lenders have reduced the loan size they offer to customers by almost 20%, according to Mortgage Broker Tools (MBT). Data from the affordability-first broker research platform shows that the average minimum loan size available to borrowers fell from £141,224, during the eight months between February 2022 and September 2022, to £114,776 during the […]
