Potential buyers have been given something of a boost, as it seems high loan-to-value mortgages are returning to the market. Last week we reported that both Halifax and Virgin Money launched 90% LTV mortgages. Meanwhile Nationwide has loosened its criteria on 90% LTV, as the society previously only allowed gifted money to make up 25% […]
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Landbay has increased its maximum buy-to-to-let loan-to-values from 75% to 80%, with the launch of two products. There is a 2-year fix at 3.79% and a 5-year fix at 3.99%, for loans from £100,000 up to £750,000. Paul Brett, managing director of Intermediaries at Landbay, said: “Intermediaries and property investors have been crying out for […]
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With pent-up demand after lockdown and news of a Covid-19 vaccine, the UK property market should expect a promising start in 2021, property developer GRE Assets has predicted With offices in the UK, Spain and the Middle East, GRE Assets has an international perspective of the impact the global Covid-19 crisis has had on the […]
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Predatech has launched, a cyber security company with a focus on the mortgage industry, which promises to protect lenders, brokers and suppliers against the growing cyber threat. Some 46% of businesses reporting having a cyber security breach or attack in the last 12 months, the government’s Cyber Security Breaches Survey 2020 found. Predatech was founded […]
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Purchase activity is likely to be strong in the first quarter of 2021, as households look to take advantage of the stamp duty holiday and Help to Buy, UK Finance’s Household Finance Review. However, the second wave of lockdowns is likely to impact activity in the final quarter of 2020. Lending recovered in the third […]
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Halifax and Virgin Money are both launching 90% LTV mortgages. The products from Halifax are launching on 8 December and will initially be limited to just first-time buyers and non-new build properties. Virgin Money has launched a 90% loan-to-value 5-year fix today at 3.69% with a £995 fee. At the same time however, the lender […]
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The Mayor of London Sadiq Khan has approved Hammerson and Ballymore’s plans to transform the Bishopsgate Goodsyard site into a mixed-use urban quarter. The plans will provide 500 new homes, of which 50% will be affordable, an elevated public park, and 1.4 million sq ft of workspace, including one of the largest single contributions of […]
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The retail domino effect that is costing thousands of jobs needs to be stopped before it costs even more livelihoods, said tax and advisory firm Blick Rothenberg. Mark Cunningham, a director at the firm, said: “With Debenhams going into liquidation and Arcadia going under the government not only needs to step in and support staff […]
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London boroughs accounted for a third of all new affordable local authority housing in England between April 2019 and March 2020, government data shows. This represents an increase from a quarter in the proceeding four years. The number of social rent units started in 2019-20 increased by 19 per cent compared to 2018-19. However in […]
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Rents in the South West of England have risen by 8.6% year-on-year, research from the HomeLet rental index shows. Following the rise the typical rental cost is £910 a month. Other regions with strong increases are the East Midlands (7.3%), Wales (6.8) and the North West (6.2%). However rents fell by -4.4 in Greater London, […]
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