Paradigm, the mortgage, protection and compliance services proposition, has today launched Paradigm Insights, a series of short interviews with senior lending personnel looking at how they see the market in quarter one 2023, and the remainder of the year. The three special edition Insight videos include interviews between Paradigm’s director of mortgages, Richard Howes, and Ian […]
Brightstar Financial has announced the launch of its 2023 Specialist Lending Expo. The Specialist Lending Expo takes place online on Wednesday 25 January. It will be a ‘no sales zone’ and will feature a full day’s worth of free events to help brokers to make the most of new opportunities and diversify their business. It […]
2022 has been another crazy year for the UK property market, following 2021 when the pandemic property market boom, fuelled by the stamp duty holiday, sent buyers into overdrive and pushed house prices to record highs. Despite the first increase to interest rates coming in December 2021, the market continued to see robust and consistent […]
As UK lenders return to the market, data from Legal & General’s SmartrFit platform reveals which areas of the market remain healthy despite the overall drop in demand. Specifically, the most popular mortgage criteria searches were made by those seeking guidance as Help-to-Buy ends and the cost-of-living crisis persists. With Help-to-Buy coming to an end, […]
The latest data from Knowledge Bank’s monthly criteria index has revealed that the year looks set to end as it started with continuing criteria changes across the whole range of product categories. During November lenders continued to react to rising interest rates and although products continued to be withdrawn and re-priced on a daily basis […]
Specialist lending firm Somo Bridging has announced that 2022 was its most successful year to date with November 2022 its busiest month for deals since business began. The firm’s loan book at the end of 2022 stands at over £254m with zero capital losses and despite the volatile economic climate, it has seen 20% growth […]
Central Trust, the first and second charge lender, has today (20 December 2022) introduced the use of Automated Valuation Model (AVM) technology to its Consumer Buy-to-let (CBTL), Let-to-Buy and Family-Let ranges. AVMs are now available within these ranges up to £100,000 and a maximum loan to value (LTV) of 75%, subject to confidence score and […]
A new scheme designed to make 95% mortgages more readily available to people buying new homes will be launched in the new year. Own New will launch its 95% mortgage product with Darlington Building Society early next year, alongside more than 50 housebuilders, offering a route to owning a new home for buyers with low […]
Savills has calculated that 74% of offices are below the required EPC B label in the UK and 40% of offices do not have the required EPC C label in the Netherlands, presenting a huge risk for capital returns due to the proposed obsolescence rules in these countries. According to Savills latest research, the financial […]
After five consecutive months of moving out, the average UK prime yield on commercial property stabilised in November, staying at 5.63% according to Savills, in response to a steadying political backdrop. The international real estate advisor also says that year-to-date commercial investment volumes have exceeded its expectations. Investment volumes had reached just above the £50bn […]
