Almost seven in ten (68%) landlords plan to raise rents if their mortgage rate goes up when they come to remortgage, new data from the Landbay quarterly survey can reveal. In the coming 12 months, 44% of landlords said they expect to increase rent by 6-10% if their mortgage rate increases. Of those who intend […]
Hodge has reduced rates across its 2-year fixed Professional Mortgage products. The specialist lender first launched its Professional Mortgage product in December and has already dropped its rates across the whole range – on both 2-year and 5-year fixed terms. Now, a further rate reduction across the 2-year fixed product demonstrates how the bank is […]
Knowledge Bank’s monthly criteria index has revealed that 2023 has begun as 2022 ended with a shake-up in the most popular searches performed by brokers each month. The UK’s largest database of mortgage lending criteria keeps track of the most common searches performed by brokers as they look to place a client’s case. Rising interest rates, changes […]
During Covid, Britain’s property market experienced a boom in market activity. The boom was fuelled by the alternative work/life balance that emerged from workers adapting to working from home coupled with the government’s attractive stamp duty holiday. The stamp duty holiday resulted in an exodus of inhabitants from cities such as London for a cheaper […]
Roma Finance, the lender less ordinary, is offering a series of webinars focused on opportunities in the current property investment market. The market presents enormous opportunities in the current climate for property investors, developers and landlords. Bridging and development finance will play a large role in many of these opportunities as the volume of refurbishments […]
The government has released their official Stamp Duty Land Tax statistics for the 2021/22 financial year, finding that payments for the levy – commonly charged on the purchase of a property – have soared by 63% compared to 2020 from £8,670m to £14,100m. This exponential rise comes amidst Britain’s housing market boom as prices soared […]
The latest Mortgage Market Tracker report from the Intermediary Mortgage Lenders Association (IMLA) has been released today, finding that the sector has recovered well from the disruption following the mini-budget in September 2022. Overall, the average number of mortgage cases intermediaries estimated for the year held steady, at 94 compared to a peak of 103 […]
Tandem Bank today became the latest lender to announce it is live on the Knowledge Bank system, making its criteria available on the UK’s biggest criteria sourcing platform. Users of the search engine will now be able to access all of Tandem Bank’s mortgage criteria to ensure client suitability when trying to place cases. Tandem Bank’s […]
More than 20,000 new homes are expected to be built in the capital over the next decade on land owned by Transport for London, TfL, and Network Rail. TfL’s commercial property company TTL Properties and Network Rail have formed a partnership to deliver homes and commercial properties across nearly 14,000 acres of land they own […]
As property investors struggle with buy-to-let interest rates and home buyers are priced out, Allbricks is here to disrupt the market by unitising investment in UK residential property. Through its revolutionary crowdfunding platform, Allbricks enables buyers and investors to co-invest in homes by breaking down the investment into units called ‘bricks’. The buyer purchases as […]
