With the Bank of England expected to increase Bank base rate later today (Thursday 3 November), Savills has issued new five-year house price forecasts for both the prime and mainstream markets. As borrowing costs rise, the housing market will diverge between the mortgage-dependent mainstream markets and the prime markets, broadly the top 5-10% by value in […]
Leading national broker firm Just Mortgages has reacted to feedback from its brokers that some lenders are reintroducing dual pricing after more than a decade of goodwill between brokers and lenders being built up. Dual pricing is the practice of lenders undercutting the products they offer borrowers via brokers to clients already introduced to them by the […]
Despite concerning reports on the state of the UK economy, more than 50% of property investors intend to make further purchases in 2023, according to a major recent survey. Half of respondents still think that “now is a good time to invest in the property market,” the survey found, even though a third of the […]
Regional development land values have been continuing to grow against a tougher economic backdrop, albeit at a slower rate, according to the latest findings from real estate advisor, Savills. However this is likely to be impacted by the mini-budget. Land values have been supported up to now by a shortage of sites and continued for […]
The Mortgage Climate Action Group has announced it will be hosting a new green-focused buy-to-let webinar for the intermediary community. The webinar, entitled ‘Seeing the BTL market through Green-tinted glasses’, will bring together a range of expert presenters looking at areas affecting mortgage advisers within their buy-to-let client book, and will include information on how […]
Research from Ocasa, the specialist rental platform, has revealed that despite the Government’s best efforts to dampen buy-to-let profitability, the average landlord has not only increased the size of their portfolio on an annual basis, but is also enjoying a 18% increase in their estimated total rental income. Ocasa analysed data on current gross rental […]
LendInvest, the UK’s leading platform for property finance, has announced the launch of a new two year tracker product range in its latest move to support landlords while they navigate a changing economic environment. The new two year tracker range seeks to provide borrowers with flexibility while offering competitive ICR stress tests to maximise borrowing. […]
For the second time this year, the proportion of landlords reporting increasing tenant demand has hit an all-time high, research conducted on behalf of Paragon Bank has found. A survey of over 700 landlords, carried out by BVA BDRC, has revealed that a net increase in tenant demand during the past three months was seen […]
The latest market analysis by Unlatch, estimates that the UK’s residential construction industry could increase in value by almost 20% by 2025, despite the fact that its current performance is yet to fully return to pre-pandemic strength. Today, there are some 44,166 businesses operating across the UK’s residential construction industry, generating total revenue to the […]
With regulation around EPC (Energy Performance Certificate) ratings for rental properties expected to tighten, Secure Trust Bank Real Estate Finance has launched its latest loan to help landlords improve the energy efficiency of their residential assets. The EPC Improvement Loan, which is available to the bank’s existing customers, is designed to help residential landlords remediate […]
