Latest News
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Persimmon Set to Construct Over 10,000 Homes Amid Market Recovery
Persimmon, a leading housebuilder, has announced its plans to construct between 10,000 and 10,500 homes this year. This news serves as a positive indicator of recovery, especially considering the challenging economic backdrop marked by high interest rates. Persimmon revealed that it had a strong start to the year, with forward sales totaling £1.75 billion in…
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The Mortgage Works Eases Criteria for Company-Owned Buy-to-Let Purchases
The Mortgage Works, a leading player in the buy-to-let (BTL) mortgage sector, has announced a significant relaxation of its lending criteria for incorporated landlords. This change is set to create more flexibility and opportunities for landlords who operate their rental businesses through limited companies. The primary update involves allowing limited company buy-to-let purchase applications where…
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First-Time Buyer Market Sees Surprising Rise in 2024
Recent data reveals that first-time buyers are not just surviving; they’re thriving, having snapped up a record one-third of all homes sold in the UK so far this year. This unexpected rise raises a crucial question: are the tightening regulations on buy-to-let landlords indirectly blessing first-time buyers with more opportunities to secure homes? Traditionally seen…
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Property Financing – TAB’s New ‘Life Cycle’ Lending Product
TAB has unveiled a new ‘life cycle’ lending product known as TAB Series. This innovative solution is meticulously designed to support borrowers at every stage of a property’s life cycle—from initial purchase to long-term management. The TAB Series package introduces a unique approach to property finance by offering a seamless transition between different types of…
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North vs South, A Tale of Two Housing Markets
The contrast between what the average national house price can buy you in the north versus the south is striking. According to a recent study by Mojo Mortgages, while £261,000 might secure you a spacious detached home in some northern cities, it barely affords a one-bedroom flat in the south. The analysis examined over 3,200…
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£4.65m Bridge Loan Seals the Deal for Chelsea Penthouse
Aspen Bridging has recently finalised a substantial £4.65 million residential bridge loan for an ultra-luxurious penthouse in Chelsea Harbour, London. The impressive triplex penthouse apartment, sprawling over 5,000 square feet across the top three floors of a modern skyscraper, now belongs to an overseas buyer, thanks to Aspen’s efficient financial orchestration. Noteworthy is the loan-to-value…
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Housing Market Slump Cut Stamp Duty Income by a Quarter
Recent figures have revealed a significant downturn in the UK housing market, marked by a sharp decrease in stamp duty receipts. Over the past year, property transactions plummeted by more than 20%, falling to 1.2 million homes, accompanied by a 23% drop in mortgage lending, which fell to £130 billion according to data from UK…
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Northern Ireland’s Commercial Property Outlook
The commercial property market in Northern Ireland has had a relatively subdued start to the year 2024. The ongoing preference for remote work has continued to influence the market dynamics significantly. This trend was highlighted in a recent report released by the Royal Institution of Chartered Surveyors (RICS) which provides a detailed analysis of the…
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Property Investment Basics – Making Smart Choices
Understanding what makes a property a worthwhile investment is key, whether you’re eyeing a home for yourself, a rental property, or a holiday retreat. To guide you through this complex terrain, we’ve pooled insights from experienced property investors and developers to bring you top tips on choosing a property wisely. What to Look for in…
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Scottish Commercial Property Demand on the Rise
The first quarter of this year has shown a significant increase in demand for commercial properties in Scotland, specifically in the office and industrial sectors. This information comes from the latest findings of the Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor. Key Findings Investment Trends The overall investor demand for commercial properties remained…