Aaron Strutt, product director at Trinity Financial A selection of buy-to-let lenders have eased their acceptance criteria as they look to ramp up the number of mortgages they provide. Many of the banks and building societies have increased their maximum loan sizes, lowered their rates and reduced the size of the deposit landlords need to […]
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Landbay has launched a product range with loan-to-values up to 75%. Rates start from 3.39%, while the firm will lend both on large and small houses in multiple occupation (HMOs) of up 12 units, multi-unit freehold blocks (MUFBs) and new build properties. Paul Brett, managing director of Intermediaries at Landbay, said: “It is good to […]
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Intermediaries remained confident in their own businesses’ outlook throughout the first quarter of 2020, research from the Intermediary Mortgage Lenders Association (IMLA) found. This is despite falling confidence in the wider mortgage market in March due to the COVID-19 outbreak. Kate Davies, executive director of IMLA, said: “It’s no real surprise that the coronavirus lockdown […]
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Mayor of London Sadiq Khan has warned that many of London’s private renters are facing imminent homelessness, unless the government acts to properly protect them from eviction. In March the government announced the suspension of evictions for three months to stop renters losing their homes during the crisis. Despite this, some landlords have still issued […]
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Residential landlords are heavily exposed to younger people falling into financial distress as a high proportion of young people work in retail or the gig economy, research by payment technology firm flatfair and real estate investor Rowan Asset Management has found. Nearly one in two of the over 2.8 million retail workers in the UK […]
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Less than 5% of tenants are in arrears across the Belvoir property franchise. There has been a fall in new arrears between mid-April and mid-May. Before the lockdown the number in arrears was at 2%. Dorian Gonsalves, chief executive of Belvoir, said: “We have been monitoring rent arrears across all four brands – Belvoir, Northwood, […]
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The financial services sector in Guernsey is preparing to come out of Covid-19 lockdown at the end of the week. The island went into lockdown on 24 March but has had no new Covid-19 cases for four weeks. There are currently no known active cases in the island. The move to phase four of the […]
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The majority of landlords have backed the Landlords Union, a lobby group of property tycoons and high net worth investors. The collective has argued that government legislation which prevents them from ‘aggressively’ collecting rent and evicting tenants during the pandemic has put the onus on landlords to provide “a financial backstop for huge swathes of […]
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Fintech investment in the UK has risen by 500% in the last three years, compared to 170% for the USA and 133% for Europe, research from recruitment firm Robert Walters has revealed. Since 2018 the UK fintech market has outstripped the USA and Europe for investment deals. Tom Chambers, senior manager – technology (London) at […]
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Proptech firm Yourkeys is letting housebuilders use its platform at a discount until the end of October. The software is said to facilitate faster progression of sales through integrations with over 2,000 conveyancers and mortgage brokers. You can also conduct buyer checks, ID verification and automated document generation using the platform. The company waived its […]
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