Aberdeen is seeing the emergence of a two tier commercial market, says Savills, where ‘rents and terms are holding up for ‘best in class’ buildings, but functionally or locationally obsolete buildings are struggling’. The comments reflect activity in the last year with Savills recording take-up of industrial space in Aberdeen totalling 926,000 sq ft in […]
Cheadle-based specialist lender, Together, has today announced its quarterly results revealing its loan book grew to £5.9bn, despite continued uncertainty in the UK economy. The finance group, which provides property loans to individuals and businesses, recorded average monthly lending of £212.5m in the quarter ended 31 December – up 6.3% on the same period in […]
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced reductions of 30 basis points (bps) across its five-year fixed-rate mortgage products. The lender said that it is offering the following rates for properties with an A to C-rated energy performance certificate (EPC): 29% on its five-year fixed-rate standard BTL mortgage products (65% LTV). 29% […]
Aldermore today announces a raft of rate reductions across its owner-occupied and buy to let ranges, following on from previous discounts announced in January. The new rates offer reductions of up to 0.75% for landlords and up to 1.34% for owner-occupiers. The bank is also introducing reduced buy to let rates for properties with an […]
SME developers are bracing themselves for huge extra costs when new rules requiring a housing or commercial project to increase biodiversity by 10% go live in November. The National Federation of Builders, NFB, had hoped the government would raise the limit of nine to 39 new homes for defining a small site allowing greater use […]
Pepper Money has launched the second series of its podcast for mortgage intermediaries, The Specialist, following the success of the first series. The podcast is hosted by Rob Barnard, intermediary relationship director at Pepper Money and will feature very special guests discussing critical topics in the mortgage industry. The first episode is out now and […]
Research by leading audit, tax and consulting firm RSM UK shows that nearly one fifth of UK landlords (18%) surveyed still have commercial properties with an energy performance certificate (EPC) rating of F or G, despite new legislation coming in on 1 April 2023, which means all commercial let properties must have a minimum EPC […]
Loan sizes offered to buy-to-let borrowers have bounced back following the market contraction last autumn, according to the latest data from Mortgage Broker Tools (MBT). Analysis of real cases processed through the MBT research software shows that, in November 2022, buy-to-let affordability fell to its lowest level on record, with nearly a fifth (19%) of […]
Workloads and enquiries grew in the final quarter of 2022 for roofing and cladding contractors, according to the latest State of the Roofing Industry survey from NFRC and Glenigan, but firms are still grappling daily with high energy, labour and material prices, skills shortages, and late payments, leading to increased tender prices. The results of […]
United Trust Bank (UTB) has successfully integrated a new technology platform into its Asset Finance operations transforming the way the Bank processes proposals and broker pay-outs. UTB has partnered with leading Asset Finance software specialist Alfa and enterprise automation platform Workato to create an integrated digital solution offering a variety of powerful tools and apps […]
