Following the Bank of England announcing it has once again raised interest rates, specialist short-term lender, Hope Capital, has announced it will be holding rates on all deals over £500k until at least the end of April. Hope Capital introduced its fixed rate scheme, the Hope Guarantee, in September 2022, providing brokers and their clients […]
Pepper Money has secured new warehouse facilities, worth more than £1.2bn, to support its lending growth plans for first and second charge mortgages. Three new funding lines for first charge mortgages have been agreed with Deutsche Bank, Lloyds Bank and MUFG. Pepper Money has also secured a new agreement with Santander to fund its second […]
McArthur’s Yard, the much-anticipated new residential development on Bristol’s harbourside, has been brought to the market for sale by Savills. Occupying a prime waterfront position adjacent to the SS Great Britain, McArthur’s Yard is one of the last remaining development sites on Bristol’s famous harbourside. Comprising a series of warehouse buildings, which were once the […]
A recent report from a key specialist lender reveals that void periods and rental arrears are both down on average across the UK. As a more optimistic outlook for the market returns, our latest article examines why landlord investments remain secure. Specialist BTL lender, The Mortgage Works, recently published their latest Landlord Panel reports. One highly-anticipated […]
Knowledge Bank, the UK’s largest database of lending criteria has today launched ‘KB INSIGHTS’. The new system, powered by the Knowledge Bank criteria sourcing engine, is a powerful tool for lenders to interrogate their own criteria’s performance and benchmark it either against the whole or a specific area of the market. This enables lenders to […]
Bridging applications and loan books continued to grow in Q4 2022, 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 applications continued to rise, with £8.6bn worth of applications recorded during the quarter. This represents […]
The monthly cost of owning a home for first-time buyers in Scotland is now £727 – £191 (21%) lower than the monthly cost of renting the equivalent property, according to the latest Bank of Scotland Owning vs Renting Review. The analysis, which is based on housing costs for first-time buyers with a mortgage on a […]
Office demand in London YTD is up and more companies are upsizing than downsizing; these are the clear findings in new research released by Savills this week. The global real estate services provider says despite a subdued start to the year, 2023 activity already shows “encouraging signs” for the Central London office market with high […]
New research exploring the state of sustainability within the UK office market, jointly commissioned by infinitSpace and The Instant Group, has revealed that the office market is falling behind on environmental policies. Key findings include: Almost half (47%) of landlords believe the office market is lagging behind other areas of the property sector in implementing/adopting […]
Hodge has added interest only to its Professional Mortgage. It offers those with complex incomes, professional traineeships or in self-employment, such as barristers, dentists, doctors, and more, even greater flexibility when it comes to buying a property. Hodge will consider up to six times loan to income and up to 75% LTV on interest only, […]
