Latest News
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HNW Investors Are Betting Big on Property
Wealthy investors are piling into real estate. A new report by property lender ASK Partners shows that a massive 58% of high-net-worth (HNW) investors are planning to dramatically increase their real estate investments in the next year. That’s a huge amount of money flooding into the market. Where’s the money going? The report shows that…
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IM Properties – Losses Don’t Derail Development Giant
Despite posting a hefty £37.6m pre-tax loss, IM Properties, a major player in the UK property development scene, remains bullish about the future. The losses are largely attributed to write-downs in their US portfolio and UK housebuilding division. This is a common theme in the property sector right now, with global events and rising interest…
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Election Promises Fall Flat for First-Time Buyers
Despite promises of cheaper mortgages and more homes, first-time buyers aren’t convinced the upcoming general election will make getting on the property ladder any easier. A recent survey by mortgage lender Aldermore has revealed that less than half (46%) of potential first-time buyers believe the election will improve their chances of buying a home. This…
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Builders Booming – Election Promises Fuel House Price Hope!
It’s a big week for property developers, and the stock market’s already showing signs of excitement! With the General Election just around the corner, and the housing market on the move, there’s a lot to be optimistic about for those who build and sell homes. Prices Tick Up, Despite High Mortgages Even with mortgage rates…
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Mortgage Rate Cuts from Clydesdale and Accord
Clydesdale Bank and Accord Mortgage have announced cuts to a range of their mortgage rates, offering some relief to those looking to buy or remortgage. From tomorrow, July 2nd, Clydesdale Bank is slashing rates across its residential and buy-to-let (BTL) products by as much as 73 basis points (bps). That translates to a potential saving…
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Bridging Finance – Growth Predicted but not Plain Sailing
Experts predict growing activity in the Bridging Finance sector. But, is the market heading for a bumpy ride? The Bridging & Development Lenders Association (BDLA) and Interpath’s latest survey shows a mixed bag of news for those in the bridging finance market. While optimism about future growth is high, some significant challenges threaten to dampen…
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Rent Rocket – English Rental Prices Soar by 6.7%
Rents in England continue to rise, with the average cost of a rental property now £1,225 per month. That’s a hefty 6.7% increase compared to this time last year, according to the latest Goodlord Rental Index. Summer Rental Surge June typically marks the beginning of the “high season” for the rental market. Why? Because students…
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Harpenden Building Society Reduces Mortgage Rates
Good news for borrowers with unusual circumstances – Harpenden Building Society is lowering its variable rate mortgage by 0.30%! In a move designed to support borrowers with complex incomes or properties, Harpenden Building Society has cut its variable rate mortgage to just 6.39%. This rate applies to loans up to 65% loan-to-value. Mike Cutler, Commercial…
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Mortgage Rates Hope as NatWest Announces Cuts
Good news for homebuyers and those looking to remortgage – NatWest is cutting interest rates on a range of mortgages by up to 23bps From tomorrow (July 2nd), borrowers could bag a cheaper deal, whether they’re buying a new home or sticking with their current property. Here’s the breakdown of the cuts: For those buying…
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Landlords Selling to Tenants – The No-Deposit Mortgage That Could be Your Ticket Out
It might sound too good to be true, but there’s a new type of mortgage that lets tenants buy their rented homes without needing to save a penny for a deposit. A Landlord’s Gift: The Concessionary Purchase Mortgage Lenders like TSB, Halifax, Nationwide, Barclays, and NatWest are offering “concessionary purchase” mortgages, which allow tenants to…