Barratt Developments, one of the UK’s largest housebuilders, has released half year results to 31 December 2022: Barratt delivered 6.9% growth in total home completions to 8,626 with adjusted profit before tax up 15.9% at £521.5m. Forward sales as at 29 January 2023 were 10,854 homes (30 January 2022: 15,736) at a value of £2,665.0m. The full […]
Hampshire Trust Bank (HTB) has made significant enhancements to its specialist buy-to-let mortgage offering, with significantly reduced fixed rates and simplified loan size bandings. Five-year fixed rates have been reduced by up to 130 basis points (starting from 5.99%), with the Bank’s new two-year fixed rates starting from 5.69%. In addition, the Bank has simplified […]
Seven out of 10 buy-to-let landlords do not intend to sell any of their properties in the next 12 months, latest data from the Landbay quarterly survey has revealed. The strongest sentiment came from those with smaller portfolios of between one and three (78%) and four and 10 properties (76%). However, 69% of landlords with […]
According to Savills, the international real estate advisor, availability of core opportunities in Central London has declined almost 60% since its peak in Q1 2022. Conversely, the amount of core plus opportunities has increased significantly and now accounts for over 50% of available stock. Savills figures show investment turnover in Central London in 2022 totalled […]
Rental yields and tenant demand are holding firm for landlords’ property investments, however profitability of portfolios was slightly down on the previous quarter, according to the latest Q4 2022 BVA BDRC Landlord Panel research report. The research, comprised of 752 online interviews with landlords, was undertaken on behalf of Foundation Home Loans, the intermediary-only specialist […]
Fleet Mortgages, the buy-to-let specialist lender, has today (2 February 2023) announced price cuts on all its seven-year fixed-rate products. Priced in line with recent swap rate movements, Fleet has been able to cut prices on all seven-year products by 44 basis points. Fleet’s seven-year fix for both standard and limited company borrowers is now […]
Leading specialist lender, Precise Mortgages, have announced they are working in partnership with CoreLogic UK, to support with property risk management and decisioning software. Precise Mortgages, part of the OSB Group, will be using CoreLogic’s buy-to-let hub platform to help support their buy-to-let underwriting process and speed up the time to offer for their broker […]
Research from eXp UK, the independent estate agent platform, has revealed that while the North-South house price divide remains considerable, the gap has started to close, driven by higher rates of house price growth seen across the North during the pandemic property market boom, as well as growing market sentiment as a result of the […]
Alternative Bridging Corporation has launched PartX Property Finance, a pre-approved part exchange facility to expedite sales and chain breaks on new home developments. PartX Property Finance will enable brokers to help their developer clients by facilitating the quick sale of newly developed properties. The facility provides developers with the finance they need to complete a […]
Aldermore today announces a limited edition run of reduced fixed rates across its buy to let and owner-occupied mortgages. This follows earlier rate reductions from Aldermore in mid-January, highlighting the bank’s commitment to offering good value to a wide range of borrowers. The new limited edition rate reductions are up to 0.75% for landlords and […]
