Octane Capital has lowered the rates on larger loans by up to 2% per annum. This applies to its larger bridging, developer exit and refurbishment loans. Mark Posniak, managing director of Octane Capital, said: “Like other lenders, we regularly review the macro-economic outlook and felt especially compelled to do so in the New Year following […]
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December residential property transactions have increased by 11.2% year-on-year on a non-seasonally adjusted basis, HMRC figures show. Once the figures are seasonally adjusted residential property transactions are 6.8% higher year-on-year, as well as 6.2% higher than November 2019. Adrian Moloney, sales director of OneSavings Bank, said: “It may be too early to call but I feel […]
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Some 70% of property investors support the Conservatives’ proposal to introduce a stamp duty surcharge for non-UK buyers, research from FJP Investment has found. The Tories have proposed introducing a 3% stamp duty surcharge for foreign buyers. The majority (68%) also back the move to give residents more say in the style of new-builds in their […]
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Dave Bexon, previously group sales and marketing director at Redrow, has joined PropTech start-up, Yourkeys. He is tasked with expanding its customer base with housebuilders and estate agents nationwide. Yourkeys is a transactional platform for housebuilders and estate agents that reduces the time to exchange contracts by automating the upfront data required to process property […]
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Damian Thompson has been appointed as Aldermore’s group managing director of retail finance. He will take over from the departing Sue Hayes, subject to regulatory approval. Phillip Monks, chief executive of Aldermore, said: “His appointment shows, once again, the depth of talent within Aldermore to be able to promote from within our business. “Damian has […]
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The number of for-sale homes in the US is at its lowest point in at least seven years, December’s Zillow Real Estate Market Report has revealed. The number of available homes fell by 7.5% annually, with 31 of the 35 largest US housing markets reporting falling inventory. Seattle (down 28.5%), San Diego (down 23%) and […]
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When you’ve poured money, time and sweat into a beautiful property you’re proud to let, it’s only fair that you fully maximise its yield. More and more landlords are switching from residential letting, recognising that there’s lots to be gained from getting into the holiday rental industry. With next year’s holidaymakers already starting their bookings, […]
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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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