Precise Mortgages, part of the OSB Group, have launched refunded valuations and cashback products into their limited-edition range which also features no product fee. Precise have also cut rates across their residential 2-year fixed rate terms. Some key highlights include: Launch of refunded valuations and £300 cashback limited edition products with no product fees Reduced […]
Lenders and the government need to change the funding landscape for smaller housing schemes, says a leading provider of specialist finance to SME developers. David Norman, a director of mezzanine lender Davon, says action is urgently needed as smaller developers across the UK face crippling supply chain issues causing delays and cancellations of residential projects. […]
TAB has announced the launch of its new mortgage product where borrowers can earn discounts of up to half the exit fee by meeting ESG (Environmental, Social, Governance) criteria Interest-only loans range from £250,000 to £2,500,000 with a three to ten-year term The mortgage product will offer loan-to-value (LTV) ratio of up to 65% for […]
Rising borrowing costs are putting the squeeze on asking prices, according to Home.co.uk’s Asking Price Index for September. Home values slipped for the second consecutive month albeit not as sudden and profound as the drop seen in December 2022. Supply and demand are rebalancing in an orderly manner, with little or no panic-selling and no […]
Savills and Gerald Eve have been appointed by award winning developer, Dominus, to secure a forward funding partner for a student accommodation scheme with a gross development value in excess of £200m. This will enable the development of a 37 story super-prime, high specification, student accommodation scheme, “Medlock Tower”, in Manchester. The development will provide […]
Precise Mortgages, part of the OSB Group, has announced lower rates across their 5-year fixed rate terms within their limited edition range and a wider choice to help brokers support customers with affordability challenges. Some key highlights include: Reduced rates on 5-year fixed terms starting from 5.24% Lowered minimum loan size to £40,000 across all […]
Refurbishments, HMOs and MUFBs have been the most popular types of specialist property investment in the last three months, according to Castle Trust Bank. Broker research carried out by the lender as part of its ongoing Pulse surveys, found that refurbishment was the number one specialist property investment, with nearly 40% of brokers saying it […]
The government need to step in now to stop the fall in residential property sales and reinvigorate the market, says Heather Powell, head of property and a partner at leading tax and advisory firm Blick Rothenberg. Heather said: “The continuing fall in residential property sales show how slow the recovery is going to be for […]
Despite widespread reports of a summer slowdown in the wider housing market following concerns over rising interest rates and increased price sensitivity, the firm’s residential agency team has seen a rise in £10m plus cash deals this summer across the prime central London areas of Kensington, Chelsea, Westminster and Knightsbridge. Equity rich buyers at the […]
Housebuilders have hailed the government’s decision to shift the burden of river nutrient neutrality to the water companies as a step in the right direction. The government is to double investment in Natural England’s nutrient mitigation scheme to £280m to offset the nutrient discharge of building up to 100,000 new homes between now and 2030. […]
