UK buy-to-let lender Landbay has launched two ‘large loan’ buy-to-let products with loan sizes of up to £2m, an increase from £1.5m. The products are 2 and 5-year fixed rates to 65% LTV, a 2-year fix at 3.35% and a 5-year fix at 3.55%. These are the same rates as the equivalent 70% LTV products. […]
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Build to Rent developer Placefirst has submitted a planning application for 370 homes in the heart of Wolverhampton’s Canalside Quarter. The £65m proposal is a residential scheme located close to the city’s new £150m transport Interchange on land off Lower Horseley Fields in the city centre. The scheme, which will include the restoration of heritage […]
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Alpa Bhakta is chief executive of Butterfield Mortgages Limited Over the last decade or so, the prime central London (PCL) housing market has undergone a significant transformation. An influx of foreign investment and successfully executed development schemes has resulted in a market alive with activity. As a result, the PCL has become a vital part […]
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Mortgage lenders have extended mortgage payment holidays until 31st July 2021 for those whose finances have been affected by the pandemic. People have until 31st March 2021 to apply, while they need to do so before 31st January to get a six-month deferral. Those who have already taken a six month payment holiday are ineligible, […]
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From today possession cases with severe rent arrears will be exempt from the ban on evictions, meaning bailiffs and High Court Enforcement Officers can move to enforce warrants and complete evictions. However, this will only apply to cases where the equivalent of nine months’ rent arrears had accrued prior to the 23rd March 2020, when […]
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Leading consulting engineer Howard Ward Associates (HWA) has assisted in the completion of phase one of The Oaks, a significant student development close to the University of Warwick. The building, known as Oaks 1, is located less than a kilometre from the University of Warwick to the south west of Coventry city centre, and was […]
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Property instructions in Prime London rose by 68% year-on-year in October, suggesting there will be more completions in the months ahead. The analysis, from LonRes, also found that transaction levels crept by 4% annually in October, with 25% more houses being sold. Marcus Dixon, head of research at LonRes, said: “As England enters its second, […]
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The first six days of the second lockdown have seen demand climb by 49% year-on-year, as buyers push forward to make purchases before the March stamp duty deadline. Rightmove’s House Price Index found that national sales agreed were up 50% on October last year. It’s estimated that here’s 650,000 sales going through the buying and […]
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Workers who have been on the furlough scheme for a long time are being perceived as increasingly high risk by mortgage lenders, according to broker Private Finance. When furlough began in March 2020 lenders would base applications on whether the mortgage was affordable at 80% of incomes. However if people have been on furlough long-term […]
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A Chancellor-commissioned report has recommended a major overhaul of Capital Gains Tax (CGT). The maximum CGT of 28% could be raised closer to income tax rates, which get as high as 40% and 45% in England and Wales. The report from the Office of Tax Simplication said the disparity in rates between Capital Gains Tax […]
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