The latest monthly criteria index from Knowledge Bank highlights the pressing financial difficulties for many in the UK, with inflation still above target at 8.7%, this is no surprise. The nation finds itself in the midst of a much-discussed cost-of-living crisis, causing some people real hardship. Many are clearly turning to mortgage brokers for help, […]
Specialist lending firm Somo Bridging has recently experienced its best month ever. Its exclusive ‘One Month Interest Free’ promotion in May resulted in the lender surpassing its previous record for number of deals in a month by over 12%, and saw an additional 11% completions within a month than its previous record. As part of […]
VAS Panel has taken an industry lead on price transparency with a new guaranteed fee scale for valuations of standard residential properties with an estimated value of up to £2,000,000. The move, a first in the specialist finance market, offers short form templates from £265 (excluding VAT) for single houses, single flats, and single buy-to-lets in […]
The UK property market continues to improve despite mortgage rate uncertainty, according to Home.co.uk’s Asking Price Index for June. Prices are steadily recovering ground lost during last year’s sudden correction. Marketing times are in the normal range and in no way indicate an overall slowdown. The northern regions, Scotland and Wales all show considerable improvements […]
The Intermediary Mortgage Lenders Association has today released its latest research report, examining the Private Rented Sector (PRS). Private landlords have for years been faced with a growing burden of regulatory and tax changes, which have increased their operating costs. Until recently, these additional costs have been offset by falling mortgage rates – but the […]
National brokerage Just Mortgages is encouraging brokers to integrate into their local communities and host mortgage clinics, with a full suite of support now available. Rather than “waiting for it to happen” in the current climate, John Phillips, national operations director at Just Mortgages is pushing brokers to pound the pavement and “make it happen”. […]
New research published today (14 June 2023) from Mercantile Trust, the specialist bridging, buy-to-let and commercial lender, has highlighted a lack of awareness among brokers and their property investor clients of the proposed changes to Energy Performance Certificate (EPC) requirements. Mercantile Trust’s survey, which garnered over 150 broker responses, found that 48.5% of brokers said […]
Investors’ net profits fell below 4% in Q1 2023, marking a dramatic shift in finances for mortgaged buy-to-let buyers, according to the latest research by property firm Savills. Average net profits for landlords are now at their lowest since 2007, due to the impact of 12 successive increases to the Bank base rate, exacerbated by […]
Funding 365 has announced its expansion into ground up property development finance with a customisable product to deliver loans from £250,000 to £1,500,000 for residential projects across England and Wales. With competitive fixed interest rates from 0.84% per month (circa 10% per annum) with 1% exit fee, this product delivers up to 75% LTV, 65% LTGDV, 85% LTC. Designed to fund small […]
Despite increased speculation about landlords’ intentions in the UK property market, a recent survey by The Deposit Protection Service reveals that the majority who intend to buy another investment property are looking to do so during the next two years. The survey of more than 2,000 landlords revealed that one in ten respondents are currently […]
