The asset quality of residential mortgage-backed securities in Ireland is set to weaken in 2020, credit reference agency Moody’s has predicted. This is due to the inclusion of buy-to-let loans, higher loan-to-value reperforming loans and fixed-rate mortgages, though underwriting standards and transaction structures will remain strong. Irish GDP growth is expected to fall from 5.2% […]
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The Leasehold Solutions Group has arranged a training workshop to help estate agents understand imminent changes in leasehold legislation. Estate agents are under growing pressure to ensure leasehold terms are spelled out in property listings. The half-day seminar will be held on Tuesday 4 February at the Crowne Plaza London. Louie Burns, managing director of The Leasehold Solutions Group, said: “Estate agents are […]
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Property prices increased by 2.3% between December and January, amounting to £6,785, Rightmove’s house price index has revealed. There have been 1.3 million buyer enquiries since the election, up 15% compared to the same period a year ago. Meanwhile there has been a 7.4% growth in number of sales agreed year-on-year Jeremy Leaf, north London […]
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The cost of five-year fixed rate buy-to-let mortgages has fallen as we enter 2020. At 50% loan-to-value the cost fell by £15 per month between December 2019 and January 2020, while at 65% LTV it fell by £11. The research came from online mortgage broker Property Master. Angus Stewart, chief executive of Property Master, said: […]
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Living near a landmark gives a boost to house prices compared to other homes in the surrounding area, research from banking services provider thinkmoney suggests. Homes near Wolverhampton’s National Trust Wightwick Manor for example are 60% above typical house price in the area, or £104,180 higher. Other good landmarks to live nearby are Glasgow’s Hunterian […]
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Countryside has promoted Mike Woolliscroft to chief executive of the developer’s partnerships south division. Woolliscroft will oversee the division, which specialises in regeneration of public sector land in London and the home counties, delivering private and affordable homes by partnering with local authorities and housing associations. Currently the division is delivering regeneration projects including Acton […]
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London-based online mortgage broker Trussle has raised £7.5m in funding. The investment includes funding from a new investor, the Dutch-based Rabo Frontier Ventures (RFV), alongside existing investors, Goldman Sachs Merchant Banking Division, Finch Capital and San Francisco-based Propel Venture partners. Harrie Vollaard, head of Rabo Frontier Ventures, said: “The slow-moving and complex mortgage market is […]
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It’s hard to know who to take seriously when looking at noises about the housing market so far in 2020. We’ve seen some upbeat reports and the odd negative one about whether there’s been a so-called ‘Boris bounce’ in people buying since the general election. When looking at the reports side-by-side, it seems likely there’s […]
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Neveo Mosser is the chief executive of real estate firm Mosser Companies, based in San Francisco’s Bay Area, and the co-founder and chairman for the business’s investing branch, Mosser Capital When it comes to attracting wide-eyed college grads and eager young professionals, few cities are as effective as San Francisco. With its bright lights, vibrant […]
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The number of build-to-rent homes being constructed has jumped, with 150,000 homes in planning, under construction or completed, analysis by Savills for industry trade body the British Property Federation has found Across the UK, excluding London, there has been a 51% surge in the number of completed US-style rental homes from Q4 2018 to Q4 […]
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