Annual house price growth in the UK has ground to a halt in June, with prices down 0.1% year-on-year according to the latest House Price Index by Nationwide. This represents the first negative annual growth since 2012 as the effects of the pandemic begin to show. Prices saw a monthly decline of 1.4% and regional […]
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Mortgage credit availability in the US decreased in June according to the Mortgage Credit Availability Index (MCAI) by the Mortgage Bankers Association. The index uses data from Ellie Mae’s AllRegs Market Clarity business information tool. The MCAI fell by 3.3% to 125.0 in June, with the decline indicating that lending standards are tightening and increases […]
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Scotland and Wales are bringing in their own stamp duty holidays, meaning the taxes will be waived on purchases up to £250,000 in both countries. Previously to be exempt from stamp duty, known as the Land and Buildings Transaction Tax (LBTT) in Scotland, purchases had to be less than £145,000 north of the border or […]
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Belmont Green, trading as Vida Homeloans, has unveiled a £350m securitisation deal. This deal, which has been led by Barclays, JP Morgan, NatWest Markets and Santander, is one of the first since the onset of the COVID-19 crisis and the fifth residential mortgage-backed securities transaction for Belmont Green. Anth Mooney, chief executive, Belmont Green, said: […]
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Damon Culbert (pictured) is a writer on behalf of TIC Finance, bridging loan and repossession specialists To avoid the prospect of a recession even worse than the financial crash, the government is putting in motion a number of plans to keep Britain working and contributing to the economy. As part of this, Prime Minister Boris […]
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Venmore Group has relocated its head office to a new site spanning 13,000ft. After years of trading from its Dale Street office, the company has moved to Prospect House in Columbus Quay, a modern and open space with views across the River Mersey. Founded in 1849, The Venmore Group now has eight offices across the […]
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Octopus Real Estate has provided Heworth Green Developments, under the North Star banner, with a £18.3m facility for a major development site in York. The 8.95 acre former National Grid site has planning consent for 607 homes, retail and community use floorplace. The facility will be used to refinance current debt, acquire the remaining part […]
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Mortgage intermediaries have been urged to understand the added value benefits when promoting protection products during the pandemic by Christine Husbands, managing director at RedArc. Husbands at RedArc, a third-party nurse service often included within insurance policies, claim that the better informed an intermediary is the better … This article is only available to “Registered […]
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RIngley Group has hit back at the Labour Party after it claimed the stamp duty holiday was a £1.3bn “bung” to landlords. The property tax was cut on purchases up to £500,000 until March 31 next year by Chancellor Rishi Sunak (pictured) last week. Mary-Anne Bowring, group managing director at property services company Ringley, said: […]
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Warranty and insurance provider NHBC has launched a service potentially providing a certificate, warranty, logo and website listing for Modern Methods of Construction properties. NHBC Accepts has been created to enable MMC systems to be fast-tracked for NHBC warranty after undergoing technical reviews at key stages. Richard Lankshear, innovation manager at the NHBC, said: “The case for […]
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