Teachers for Intermediaries, part of Teachers Building Society, has launched two fixed rate holiday let mortgage products. They are priced at 3.49% to June 2023 and 3.74% to July 2025, both to 75% loan-to-value. The lender said the products are aimed at supporting demand from new and existing property investors looking to capitalise on growth in […]
The post Teachers Building Society unveils fixed rate holiday let mortgages appeared first on PropertyWire.
Elaine Penhaul, owner of home staging company Lemon and Lime Interiors, explains how can agents can make sure their properties sell like hotcakes and work to re-boost the sector by employing services that speed up sales There’s no doubt that Covid-19 has had a huge impact on the UK’s property market, after hundreds of thousands […]
The post How to sell properties at record speed appeared first on PropertyWire.
Metro Bank has reintroduced 85% and 90% LTV 5-year fixes. The interest rates will be 2.99% for 85% LTV and 3.29% for 90% LTV, both with a £999 product fee. Products are for purchase and remortgage on properties worth up to £600,000. Charles Morley, director of mortgage distribution at Metro Bank, said: “We’re pleased to reintroduce […]
The post Metro Bank relaunches 85% LTV mortgages appeared first on PropertyWire.
YBS Commercial Mortgages has launched a limited company buy-to-let product which is targeted for holiday letting properties in prime UK tourist locations on the South Coast, in the South West and Wales. The product offers a 5-year fixed rate at 3.85% for loans up to 75% loan-to-value (LTV) and a maximum loan amount of £1m. […]
The post YBS Commercial Mortgages unveil BTL product for holiday lets appeared first on PropertyWire.
The Office for Budget Responsibility (OBR) has unveiled its latest predictions for house prices and transactions in their July Fiscal Sustainability Report. House price inflation slowed prior to the onset of the pandemic and recent indications suggest that it had fallen further since according to the OBR. The OBR set out three different scenarios for […]
The post OBR reveals latest forecast for house prices and transactions appeared first on PropertyWire.
Anti-money-laundering (AML) firm SmartSearch launched into the USA today. The firm’s platform enables clients to perform electronic ID verification and screening in two seconds, and provides ongoing monitoring to alert users to any change in a client’s status. John Dobson, chief executive of SmartSearch, said: “We have developed a bespoke product for the American market […]
The post SmartSearch enters US market appeared first on PropertyWire.
An online property auction platform has launched called 247 Property Auctions, available for residential, commercial, industrial property and land lots. The company was founded by popular property auctioneer and BBC’s ‘Homes Under the Hammer’ auctioneer Scott Gray (pictured). The company is a RICS regulated firm of auctioneers. It works in partnership with estate agents and commercial […]
The post Homes Under the Hammer regular launches online auction platform appeared first on PropertyWire.
US house prices have been resilient amidst the COVID-19 pandemic, Zillow research shows. The median price of sold homes in May was $263,408, up 4.6% year-on-year. This still represents a slowdown from 5.5% in March and 5.3% in April. Jeff Tucker, Zillow economist, said: “As surprising as it might have seemed at the time, sellers […]
The post COVID-19 has limited impact on US house prices appeared first on PropertyWire.
Kinetic Capital Limited has launched, a specialist lender in the purpose-built student accommodation (PBSA) sector. The business will initially focus on the UK and Ireland, though there are plans to expand internationally. Kinetic Capital is led and co-founded by Steve Grant and Nicholas Porter, who were chief executive and founding chairman of the Global Student […]
The post Student accommodation lender launches appeared first on PropertyWire.
Housing market activity has rebounded significantly in the past two months, research from online mortgage broker Trussle has found. In that time there’s been an 182% increase in first-time buyer mortgage applications, as well as 176% increase in next-time buyer applications, compared to the previous two months. First-time buyers are being hit the hardest due […]
The post Trussle details the scale of the housing market’s resurgence appeared first on PropertyWire.