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 […]
Despite increasing concerns over rising interest rates and increased price sensitivity, prime London residential values remained remarkably resilient in the second quarter of 2023, according to real estate firm Savills. Prices across London’s prime markets fell a marginal -0.2% on the quarter, and -1.0% on the year, according to the Q2 Savills prime London index, […]
The housebuilding industry is calling on lenders to offer mortgages at more favourable rates for those buying new homes where energy bills are less than half that of existing properties. The Home Builders Federation Watt a Save report reveals owners of new homes will save an average of £135 on running costs under Ofgem’s new […]
Pepper Money has launched a new section of its website to help brokers to market their business more effectively to new and existing customers. As part of its investment in supporting brokers to succeed and further building on broker/lender relationships, the specialist lender has created a dedicated area of its website to provide information on […]
More than four out of 10 buy-to-let landlords (41%) plan to buy more property in the next 12 months, the latest Landbay landlord survey has revealed. The main reason for considering buying by 35% of respondents is the increase in the number of tenants – up from 30% of respondents in the Q4 survey. While […]
Higher interest rates mean UK prime regional house values continued to soften over the three months to the end of June 2023 in an increasingly price sensitive market, according to the latest analysis from Savills. Average prime values across UK markets outside of London – broadly the top 5% to 10% of the market by […]
Building on the success of its highly acclaimed Young Learners Programme and last year’s inaugural Women into Finance event, the Brightstar Group will host an exciting event to specifically encourage young women into a career in the financial services industry, supporting the group’s ongoing commitment to the Women in Finance Charter and further improve diversity […]
UK residential house sales have been tumbling for the past 12 months down 14%, and in the past two months have fallen off the cliff edge, say leading tax and advisory firm Blick Rothenberg. Comparing the figures with the same month from a year ago, the number of transactions for May 2023 are down 25% […]
According to Savills latest research, prime European Central Business District (CBD) office rents have grown by an average of 7.4% since the Covid-19 outbreak, above the secondary CBD average of 1.1%. In London West End, Amsterdam and Paris, the gap between prime and secondary rental growth has increased most significantly, by 34%, 29% and 16%, […]
Fixed rates remain the most popular option for buy-to-let remortgage borrowers but the gap between a two-year or five-year preference is closing. These findings are from Landbay’s latest landlord survey, which has found that 79% of landlords expect to opt for a fixed rate when it is time for them to remortgage. Four out of […]
