Knowledge Bank has responded to demand to put on a specialist one-off Criteria Clinic on how Consumer Duty will affect borrowers choosing to build their own homes. The Criteria Clinic is being put on in partnership with self-build and custom-build specialist BuildLoan. Borrowers building their own homes may fall into the category of ‘vulnerable’ in […]
An overwhelming 81% of landlords do not feel the portrayal of the buy-to-let market by the mainstream media is fair and accurate, the Landbay quarterly landlord survey can reveal. While demand for rental properties remains incredibly high, landlords say they feel “demonised” as the important role they play in the UK’s wider housing mix is […]
Bridging completions, applications and loan books continued to grow in Q1 2023, according to the latest data from the Association of Short Term Lenders (ASTL). The figures, compiled by auditors from data provided by members of the ASTL, show that bridging completions passed £1.4bn in the first quarter of 2023, which represents an increase of […]
Landmark Information Group today announces a strategic partnership with B2B payment solutions provider Shieldpay, to instil certainty, confidence and simplicity in the conveyancing payments process for the benefit of conveyancers, house buyers and sellers alike. This partnership with Shieldpay creates a new path to transaction due diligence, decreasing the burden of administrative tasks for conveyancers, […]
HMRC’s provisional estimates for UK residential property transactions for the month of April 2023 have been released today and paint a bleak picture for the UK property market, say leading tax and advisory firm Blick Rothenberg. Sean Randall, a stamp duty and property tax partner with Blick Rothenberg said: “The numbers are the worst figures […]
Colenko has become the latest lender member to join the Association of Short-Term Lenders (ASTL). Colenko provides bespoke bridging loans and development finance for property investors and developers, with a senior team that has delivered more than £1bn in secured finance over the past 20 years. Vic Jannels, CEO of the ASTL, says: “I’m very […]
At Savills 35th Financing Property presentation launched in London on, Wednesday 24 May 2023, the international real estate advisor revealed that living sectors, residential development and prime logistics are the most favoured UK sectors by London’s lending community. According to Savills survey, these sectors also reflect the markets that respondents believe are most likely to […]
Cynergy Bank is providing funding for residential landlords to support them in making vital improvements to their rental properties to ensure they are compliant with proposed new government legislation. The changes in the Minimum Energy Efficiency Standards as set out by the government are in line with its target to be net-zero by 2050. These […]
Buy-to-let landlords are being warned that they face hefty tax penalties unless they personally fill in a capital gains tax return within 60 days of selling a property. The advice to the UK’s 2.74 million landlords, from a tax specialist at UK top 10 accountancy firm Azets, comes as record interest rate rises triggered a […]
Specialist lending firm Somo, the specialist lender offering secured bridging loans, has joined the lending panel of finova, the UK’s leading mortgage and savings technology provider that works with over 3,000 brokers. Somo has become one of a select panel of lenders available via finova payment and mortgage services’, giving finova’s brokers the opportunity to […]
