CHL Mortgages, the intermediary-only specialist buy-to-let lender, has extended its offering with a range of new deals including a 7-year fixed rate product range. The lender has also increased their maximum loan-to-value (LTV) for individual and limited company borrowers to 80% (from 75%). These additions will complement their current specialist buy-to-let proposition. The 7-year fixed […]
Supply remains exceptionally tight in the sales market despite a small uptick in new instructions last month, according to Home.co.uk’s Asking Price Index for February. The sales stock total also rose slightly last month for the first time since October 2020 but remains at historically unprecedented low levels. The uptick in supply is encouraging in […]
Research by real estate debt advisory specialists, Sirius Property Finance, has shown that the average cost of construction for a new-build property is set to climb by almost £18,000 per unit, a jump that could cost UK housebuilders £3.2bn per year. The research by Sirius Property Finance shows that the current average cost of constructing […]
Real estate consultancy Naismiths is set to invest in growth over the next 12 months with support from Shawbrook Bank. The business, which is headquartered in Birmingham and employs 60 employees across the UK, is planning to expand its workforce by 15% across its national office network following a record year for the firm in […]
Research by property developer, StripeHomes, has revealed that the government’s plans to ‘level up’ the UK could boost the value of the nation’s property market by a staggering £58.7bn. In total, 96 areas the length and breadth of the UK have been earmarked for ambitious regeneration projects by the government, with a number of smaller […]
2021 saw record €62bn of investment into logistics and industrial assets across Europe, marking a 79% increase on the previous five year average The UK recorded volumes of €19.5bn, 99%above the five year average Take up levels for the sector reached a record 38m sqm, 28%ahead of the previous five year average Undersupply continues to drive demand with record vacancy ratesin Dublin (1.1%), the […]
Committed to assisting SMEs in obtaining finance for future growth, Allica Bank has revamped its commercial mortgage products to help improve access to finance. The changes include reducing interest rates and increasing the maximum Loan-To-Value (LTV). The bank has also increased procuration fees for its broker community. The product portfolio was updated in response to […]
Aspen Bridging has entered the bridge-to-let (BTL) market with an innovative product designed to offer wider use flexibility and lower ERC’s than existing BTL or hybrid offerings. Available up to 80% LTV, with bridge rates starting at 0.64% pm and BTL rates of 4.49% pa, the product is open to UK and foreign applicants, including […]
Pepper Money has closed, its largest Residential Mortgage-Backed Securitisation (RMBS) to date, Polaris 2022-1, backed by £450m of mortgage loans. Polaris included a mix of first charge owner occupied and Buy to Let mortgage loans, with 25% of the portfolio being customers with legacy CCJs. As a testament to the well-established Pepper platform as a […]
New home registrations showed a year-on-year increase of 25% to 153,339 for 2021, according to the National House Building Council, NHBC. The sector saw a significant rebound following 2020’s eight-year-low of 122,935 registrations. New home completions also showed a significant uplift in 2021, increasing by 21% to 139,333 compared with 2020’s 115,561. NHBC chief executive […]
