The number of mortgage enquiries from self-employed applicants that failed to find one affordable option rocketed by nearly a third following the Mini Budget last September, according to the latest data from Mortgage Broker Tools (MBT). Analysis of real cases processed through the MBT research software shows that, prior to the Mini Budget in September […]
Despite the challenges facing the sector, almost half of landlords (46%) remain positive about the future prospects of their buy-to-let business and investments, the latest Landbay survey has revealed. Of those who were positive the strongest sentiment was found among landlords with 11-20 properties, with 41% feeling optimistic. Meanwhile, 26% of landlords with a portfolio […]
Hodge has made a third rate drop across its range of mortgage products since the start of 2023. Rates on its RIO, 50+ and holiday let mortgages have dropped by up to 0.40% across many of its products. Hodge has also cut rates on its retention range by up to 0.40% to support existing customers, […]
According to Savills latest research, European office take up reached 9.9m sq m during 2022, 2% above the pre-pandemic average. Post-Covid leasing activity continued to recover, rising by 14% yoy, as business confidence rose. Vacancy rates increased by an average of 50 bps from 7.5% to 8% during 2022, with Dublin rising by 290 bps […]
Taylor Wimpey’s full year revenues rose 3.2% to £4.4bn. This was driven by higher average selling prices which rose 4% to £313,000. Operating profits increased from £828.6m to £923.4m, a record figure for Taylor Wimpey. This was helped by tighter cost controls and a reduced spend on new land as the group reacted to lower […]
The Together research studies of both SMEs and consumers gives a better understanding of their ambitions both now and in the future. The report includes: Views from SMEs 30% have delayed expanding their workforce, while the average SME reduced their planned investment in their business by over 20%. Only 13% of SMEs were able to […]
Property consultancy Allsop has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member. Allsop is an independent property consultancy, which provides an extensive range of services for residential, commercial and mixed-use property, and is probably best known as the UK’s largest and most successful property auction […]
Persimmon, one of the UK’s largest housebuilders, has released its final results to 31 December 2022: Underlying operating profit up 4% year on year to over £1bn Forward sales position reflects the significant drop in private sales rates experienced in Q4 2022 to 0.30 (Q4 2021: 0.77), although the group states that cancellation rates have reverted […]
More than three-quarters of landlords expect to opt for a fixed rate deal when it is time for them to remortgage, the latest survey from Landbay has revealed. While the majority of landlords prefer the certainty of a fixed rate, sentiment has shifted on tracker mortgages. Almost one in six (17%) of respondents said they […]
Leading national broker firm Just Mortgages has entered into a strategic partnership with BNI, one of the world’s most established business networking groups to support their self-employed and wealth advisers to help them develop their businesses. The partnership will create a host of benefits available to all of Just Mortgages self-employed brokers as well as […]
