Tag: Refurbishment
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Castle Trust Bank Cuts Mortgage Rates for Renovations
Castle Trust Bank has announced some fantastic news for anyone looking to buy a property, with big cuts to interest rates on a range of mortgages. There’s good news whether you’re thinking of making some home improvements or becoming a landlord, as Castle Trust Bank has reduced rates on many of its mortgages. Let’s break…
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LendInvest Cuts Refurbishment Bridging Loan Rates
LendInvest Mortgages has reduced rates on its 85% Loan-to-Value (LTV) refurbishment bridging loan, making it cheaper than ever to spruce up properties for a tidy profit. The new rate has been reduced to 0.98%, meaning investors can now secure a loan covering 74% of the property’s value after the refurbishment. This opens up new possibilities,…
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Suffolk Building Society Slashes Mortgage Rates for Landlords
Suffolk Building Society has announced a rate cut across its Buy-to-Let products, just as new regulations threaten to squeeze landlords’ profits. In a move that will be music to the ears of property investors, the building society has reduced rates on a range of its fixed-rate Buy-to-Let mortgages by up to 30 basis points (bps).…
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Aspen Bridging Slashes Rates and Offers Bridge-to-Let Deals
Aspen has just announced a major rate cut across its entire range of bridging loans – some by as much as 0.6%! This means you can now access flat rates from 0.85% per month. If you prefer a stepped rate, they start from a tiny 0.59% per month, eventually moving up to 1.25% per month.…
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New Loan Makes Flipping Properties Easier (and Cheaper!)
A specialist lender has launched a new loan designed to make it cheaper and easier for property developers to renovate and sell properties for a profit. Hope Capital’s new “flip loan” allows borrowers to access up to 75% of a property’s value with an interest rate of 0.99%. The loan is split into two parts:…
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Precise Announces Mortgage Rate Cuts for Homebuyers and Landlords
Precise Mortgages has slashed interest rates on a range of its mortgages, offering good news for those looking to buy a home or expand their property portfolio. The biggest winners are landlords seeking buy-to-let mortgages for refurbishment projects, with rates plummeting by up to 1.05% – that’s a saving of £1,050 per year on a…
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Landlords Are Getting Younger – The New Breed of Property Investor
Forget the image of a silver-haired pensioner – a new wave of landlords is entering the property market, and they’re younger, hungrier, and more ambitious than ever before. Young Blood In The Market The average age of landlords buying new buy-to-let (BTL) properties has been steadily decreasing, according to new research from Paragon Bank. Back…
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Head to Wolverhampton for Your Dream Renovation!
New research has revealed that Wolverhampton is the top spot in the UK for your next renovation project. So, if you’re handy with a hammer and fancy bagging a bargain, this could be the news you’ve been waiting for! The study, conducted by flooring experts Mr Sander, looked at a range of factors to determine…
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Millions of Brits Facing Energy Bill Nightmare as Homes Fail Green Tests
Over half of us are living in energy-guzzling homes, costing a fortune in bills. But could YOU unlock thousands in savings with a few simple upgrades? New research by property website Rightmove has revealed that a shocking 18 million homes in the UK have an Energy Performance Certificate (EPC) rating of D or below. That’s…
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Sun-Kissed Italian Homes Up For Grabs From Just €3!
Dreaming of a charming Italian getaway? Sambuca di Sicilia, the picturesque town that made headlines in 2019 for selling homes for a steal, is back with another tempting offer. This time around, ten properties in the town’s historic Saracen district are hitting the auction block with a starting price of just €3. Yes, you read…