Latest News
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New Flexible Mortgage Tracker Unveiled for Property Investors
Hampshire Trust Bank (HTB) has announced the launch of a new mortgage product for buy-to-let and development investors. This “limited edition” offering, known as the Flex tracker, blends the predictability of a tracker mortgage with unprecedented flexibility. The Flex tracker allows property investors and developers to benefit from a two-year discounted rate, with the added…
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UK Landlords Set Eyes on Expansion in 2024, Lendlord Survey Reveals
The latest survey from Lendlord shows a significant portion of UK landlords are gearing up to broaden their horizons in the property market in 2024. With ambitions flying high, about 38% of landlords surveyed are actively planning to add more properties to their portfolios in the coming year. The survey took into account the perspectives…
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Canary Islands’ Housing Crisis – Tourists Drive Prices to Record Highs
The Canary Islands, a popular destination for British tourists, are facing a housing affordability crisis as a surge in holiday home purchases by foreigners sends property prices soaring to unprecedented levels. This trend is putting the dream of homeownership out of reach for many locals, with the islands experiencing the steepest rise in housing costs…
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UK House Prices Rise by 1.2%
UK house prices have taken a positive turn for the first time in over a year this February, signalling a potential revival for the property market. This resurgence comes as a breath of fresh air to homeowners and potential buyers alike, following a period of stagnation and uncertainty. According to Nationwide, Britain’s largest building society,…
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Rent Rises Defy Seasonal Expectations, Alongside Fewer Voids
February saw a significant rise in rental costs across England, alongside a marked decrease in the time properties spend empty, flying in the face of the customary post-Christmas slowdown. According to the latest Rental Index from Goodlord, the average rent across England saw a 1% increase from January, bringing the monthly cost to £1,162 per…
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Wave Goodbye to Bargain Mortgages? Rates on the Rise as Cheap Deals Disappear
The era of sub-4% mortgage rates seems to be drawing to a close. This shift comes as mortgage providers hike up their rates on new fixed deals, bringing an end to the more affordable borrowing costs that many had been enjoying. Here’s a round up of the latest mortgage market trends, what’s driving these changes,…
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YBS Makes Buy-to-Let More Accessible
YBS Commercial Mortgages has announced a major improvement to its buy-to-let mortgage offerings. YBS Commercial Mortgages has made a key adjustment to the way it calculates buy-to-let affordability, specifically concerning its commercial buy-to-let products. The lender has opted to reduce the stress rate used in these calculations. Previously, the stress rate was set at a…
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Alternative Income Reit’s 9.2% Dividend Attracting Investors
Alternative Income REIT has recently shared its interim results, which, though largely anticipated due to a previous second-quarter update, still offer some noteworthy insights for both current and prospective investors. The company, trading under the ticker AIRE and with a share price of 64.4p, has reported a slight dip in its net asset value (NAV)…
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Housing Market Sees Rising Mortgage Approvals
The UK’s housing market is showing signs of life, with mortgage approvals in January hitting their highest point since October 2022. This rise is a potential indicator of a rebounding property market. In January, the Bank of England reported a significant leap in net mortgage approvals for house purchases, rising to 55,200 from 51,500 in…
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Taylor Wimpey’s Profit Tumbles as UK Faces Housing Hurdles
Taylor Wimpey, one of the country’s leading housebuilders, has reported a significant drop in its profits alongside a decrease in the number of homes it has been able to construct. This news comes against a backdrop of rising mortgage costs, stringent planning regulations, and the cessation of supportive schemes like Help to Buy, painting a…