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 […]
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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 […]
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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 […]
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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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