Tag: Investec
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Mortgage Rate Cuts as Investec Slashes Prices
Luxury lender Investec has announced big mortgage rate cuts for high earners – and some landlords will benefit too. Investec Bank has launched a new mortgage deal for borrowers with a 40% deposit (60% loan-to-value). And that’s not all. The bank has also cut rates across its range of fixed-rate residential and buy-to-let mortgages. Variable…
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Wealthy Investors Eye UK Property Market During Economic Uncertainty
According to recent findings by Investec, high net worth individuals (HNWIs)—think corporate leaders, financial wizards, and pioneering entrepreneurs—are not just holding their ground but are actually looking to deepen their roots in the UK property market. This move comes at a time when house prices are on a roller coaster, making every investment decision a…
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London Lures Buyers Back as Home Counties Prices Tumble
The allure of London living has rebounded, eclipsing the once-coveted Home Counties, as a recent property report reveals significant price adjustments in the face of changing work patterns and economic pressures. The picturesque Home Counties have long been a magnet for those seeking the best of both worlds. However, a new prime property report from…
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Light at the End of the Tunnel – Persimmon’s Strong Quarter
Persimmon, one of the UK’s leading housebuilders, has recently shared some unexpected good news. Despite the challenges faced in the property market, the company surpassed expectations in the last quarter of 2023. This success comes amid falling mortgage rates, which played a crucial role in boosting property sales. Sales and Challenges In 2023, Persimmon sold…
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Investec Slashes Mortgage Rates
Investec Bank, known for catering to high net worth individuals, has made a significant move in the mortgage market. The bank has announced a substantial reduction in its mortgage rates, with some rates being lowered by as much as 0.55%. This reduction applies to both their residential and buy-to-let tracker mortgage products, indicating a more…
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Interest Rates Expected to be Held High Again
A recent survey of financial experts predicts that the Bank of England will maintain the base interest rate at 5.25% – the highest it’s been in 15 years. For context, over the last two years, policymakers at the Bank have increased the interest rate 14 times consecutively. This frequent uptick resulted in substantial mortgage cost…
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Two More Interest Rate Increases This Year?
The Daily Mail is reporting that markets are expecting another two interest rate rises this year from the Bank of England. Interest Rate Hikes Market Reactions Inflation Concerns International Comparisons Future Predictions What Does It Mean for Property Investors? In summary, the expected interest rate hikes and economic factors present both challenges and opportunities for…