Rents continue to rise due to demand significantly outweighing supply across the South East industrial market, according to SHW’s Q1 2023 South East Industrial Focus. Tim Hardwicke, SHW’s partner and head of agency, comments: “On the whole, 2022 saw a good level of take up across all size ranges, with lower take levels generally in […]
Skipton International, the award winning Guernsey-licensed bank, has announced the launch of limited company buy-to-let lending giving customers an additional financing option for growing UK property portfolios. According to Hamptons, a leading UK estate and letting agency and part of the Skipton Group, purchases of UK property via company structures increased by nearly 40%. From […]
Landbay is reducing rates by up to 60 basis points across its range of buy-to-let mortgages for houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB). The loan-to-value is 75% for these products and includes Landbay’s variable fee structure of between 2% and 3% for increased affordability around the interest coverage ratio (ICR). In addition, […]
Global identity verification provider ID-Pal today announced a partnership with specialist buy-to-let lender Keystone Property Finance to enhance their digital onboarding process for both mortgage brokers and borrowers. Through the partnership, Keystone will leverage ID-Pal’s multi-layered identity verification solution to seamlessly verify identities and addresses via a secure, branded client-facing app. The accuracy of ID-Pal’s […]
Funding 365 has today pledged to rebate property valuation fees to increase cashflow for borrowers using its bridging products to buy property at auction between 25 January and 30 June 2023. The offer applies to Funding 365’s unregulated, first charge bridging loans up to £10m in value secured against residential investment, semi-commercial and commercial property […]
Just Wealth, the financial services arm of national brokerage Just Mortgages has revealed today that they exceeded their 2022 referral target from sister firm Just Mortgages. The ambitious target of 1,000 client referrals for wealth advice was exceed by 20% as the national mortgage broker referred over 1200 cases to the Just Wealth division to help clients in […]
Analysis by Nested, the modern estate agent, has revealed that the UK estate agent industry is expected to grow by 3.2% in 2023, as it continues to recover from the initial decline caused by the pandemic. Nested analysed historic data on the size of the sector and the estimated number of agency businesses operating within it, […]
Housebuilders have branded Bath and North East Somerset council’s decision to ask for all new homes to be net zero as ‘unaffordable’ and ‘undeliverable’ at scale. They argue the council’s decision cuts across work between industry and the government for all homes to be ‘zero carbon ready’ under future homes standards to go live by […]
InterBay, part of specialist lender OSB Group, has partnered with VAS Panel to help speed up applications across their commercial and semi-commercial applications. InterBay was looking to enhance its valuation offering, wanting to achieve business efficiencies and support a smoother customer experience. Working with VAS Panel means that this value added service will enable brokers […]
The average house price in Wales reached a new peak of £249,076 at the end of 2022, but cost of living pressures, higher interest rates and stagnant earnings are expected to contribute to a market slowdown. The figures have been released from Principality Building Society’s Wales House Price Index for Q4 2022 (October-December), which demonstrates […]
