The new government’s NPPF, which was released on Thursday 12 December, has already started to have an effect on decisions on planning permissions. Just nine hours after the NPPF was issued, Three Rivers planning committee resolved to grant what might be the first ‘grey belt’ planning permission and maybe a small piece of town planning […]
Properties continue to move swiftly through the market, thanks to elevated demand, according to Home.co.uk’s Asking Price Index for December. Consequently, agents’ portfolios have been thinned out, thereby reducing the national stock level despite increased supply. Pricing remains tight, however, with all regions indicating average price reductions, the magnitude of which is more than merely […]
Almost a quarter of landlords accessing loans through a specialist business bank already have energy-efficient properties. Residential and commercial portfolio owners with assets falling in the A-C EPC category have been able to take advantage of Redwood Bank’s Green Reward launched at the end of last year. The cashback product has accounted for 22% of […]
Property firm Savills has released its forecast for the prime housing market, revealing that price growth over the next five years will be below that of the mainstream markets, given tax changes introduced in the 2024 Autumn Budget. 5 years to Sept-24 2025 2026 2027 2028 2029 Next 5 years Prime Central London +0.7% […]
Precise, part of the OSB Group, has launched new limited edition products which include rate reductions to help brokers support customers with greater choice and flexibility around affordability challenges. Residential rates now start from 5.79% with no product fee, helping customers looking to purchase ahead of the stamp duty changes coming into effect in April […]
Gatehouse Bank has announced a series of product and criteria changes on its range of Buy-to-Let (BTL) Purchase Plans for UK Residents, UK Expats and International Residents. The Bank has launched new reduced two-year and five-year fixed term BTL products, for those seeking a minimum finance amount of £500,000. An equivalent green home finance option has also […]
Director of Benham and Reeves, Marc von Grundherr, commented: “It’s full speed ahead following the Autumn Budget, with the monthly rate of house price growth in November the largest seen so far this year. It’s amazing what a little urgency can do and with stamp duty costs now set to increase from April next year, […]
Buy-to-let lender Landbay has announced another round of rate reductions, with rates cut by up to 0.20% across its standard two-year and five-year fixed rate products. The full 0.20% reduction has been seen on their standard two-year fixed rate products available up to 75% loan-to-value (LTV), with rates now starting from 3.59%. This also includes […]
A new survey from Butterfield Mortgages Limited (BML) reveals that UK buy-to-let (BTL) landlords place the highest value on brokers’ expertise in tax and regulatory matters, emphasising the need for brokers to provide knowledgeable and informed guidance. The London-based mortgage provider commissioned an independent survey of 501 UK landlords with BTL mortgages. Those who used […]
The net additional dwellings figures for 2023/24 reveal a 6% fall in housing supply, the drop signals even more troubling trends as other indicators such as planning permissions and Energy Performance Certificate registrations show home builders are struggling to deliver desperately-needed new homes. The latest annual housing supply statistics report 198,610 new build completions in […]
