The London boroughs of Westminster, Kensington & Chelsea and Camden are some of the most popular with foreign owners. Pure Property Finance analysed data from the Land Registry on overseas companies that own property in England and Wales. There were 10,938 in the City of Westminster, 5,847 in Kensington and Chelsea, and 2,363 in Camden. […]
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Last month rents in Great Britain rose for the first time since the start of the first lockdown, up 1.4% year-on-year to £1,041 per month. The biggest rise was in the South West (5.9%), followed by Scotland (3.8%) and Outer London (3.3%). Meanwhile the biggest fall by far was in Inner London (-14.9%), where rents […]
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UK buy-to-let lender Landbay has joined the network panel of Commercial Finance Brokers UK (CFBUK). CFBUK is a whole of market commercial finance broker providing its services to professional introducers through its relationship with several large residential mortgage broker networks. Under this partnership, Landbay will provide mortgages for large houses in multiple occupation (HMOs) and […]
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Ian Larkin is chief executive of online mortgage broker Trussle The property market was upended when the UK went into lockdown in March. Would-be buyers were unable to complete viewings, surveyors were unable to access properties and transactions ground to a near-halt, with prices tumbling 1.7% in May . In response measures were applied, with […]
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The market is in a strange place at the moment, as Sarah Coles of Hargreaves Lansdown highlighted last week. It seems the desperation to beat the stamp duty holiday deadline could be causing people to panic buy, as competition drives investors and owner-occupiers to make increasingly high offers. Arguably this is already filtering through to […]
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The ‘dysfunctional’ housing market is encouraging people to pay over the odds for homes, warned Sarah Coles, personal finance analyst at Hargreaves Lansdown. She was responding to the latest RICS Residential Market Survey, which found that 46% more RICS members saw demand increase during October, the fifth consecutive month there’s been an increase. However, a […]
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UK residents are increasingly browsing homes overseas during lockdown, according to data from Kyero, a platform enabling people to buy property in Europe. There was a 30% increase in UK visitors to to the Kyero site between April and June 2020 compared to the same period in 2019. Louise Dell, founder of Kyero.com, said: “Lockdown […]
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InterBay Commercial is launching a semi-commercial range for investors looking for mixed-use properties. Products include a 70% LTV 2-year fix at 5.59%, a 60% LTV 3-year fix at 4.99%, as well as a 5-year fix at 5.39% to 65% LTV. All products come with a 1.5% fee, or 1.25% for existing customers. Commercial income can […]
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Stephanie Taylor, co-founder of HMO Heaven and Rent 2 Rent Success With a recession on the horizon and coronavirus still with us some are predicting that the market for HMOs (Houses of Multiple Occupancy, also known as house shares) will hit the buffers. However, in my opinion the opposite is true and there is good […]
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Overseas buyers were the driving force behind the mortgage market in October, Legal & General Mortgage Club research shows. L&G’s SmartrCriteria tool, which helps advisers determine which lenders would consider a particular mortgage applicant, shows that mortgages for applicants with visas was the highest searched term among advisers in October. Searches for ‘expats not in […]
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