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The biggest worry for landlords is about legislative changes and future tax changes, according to the government’s latest English survey of private landlords. Respectively, 52% and 50% of the 9,000 landlords and rental agents surveyed gave these answers. The survey also shows that 10% of owners plan to sell all of their properties and exit …

BuildLoan has introduced a short-term mortgage for customers who need to finance the construction of bespoke homes until they move in and sell their old property. The self-build finance and bespoke build specialist says the product – developed with the Buckinghamshire Building Society – is designed to help customers who want to pay off their …

More than four in five homeowners hold at least a quarter of their real estate portfolio in public limited companies, which they say act as a buffer against inflation, according to a survey of Getground buy-rent platform. He found that 81% of owners maintain this proportion of propertyin this form and that 79% of those …

Most owners view their properties as retirement investments, according to the latest English Private Owners Survey 2021. It notes that 54% of owners consider their housing “as a long-term investment to contribute to their retirement”, underlines the report published by the Ministry of Planning, Housing and Communities. This figure rises to 58% among rental owners. …

When the hugely popular TV quiz show, ‘Who Wants to Be a Millionaire?’, was first broadcast in December 1998, less than 1.7% of the UK population were actually millionaires. At last count, almost 5% – more than 2.5 million adults – belonged to this golden category, according to the Credit Suisse Global Wealth Report (June …

Elderly homeowners freed up an average of £111,500 of home wealth in the first three months of the year, data from Key Later Life Finance shows. Data showed plan sales jumped 21.4% in the first quarter of 2022 to 12,551 from a year ago, while the value of new capital released soared 30.5% to 1,399 …

Leather on willow, chorus of dawn to wake you from your slumber, torrential rain falling unexpectedly – these are the sounds of spring. Historically, one could have included banging ‘For Sale’ signs into the ground as the UK property market entered seasonal life. However, given the nature of the offer, many of us would have …

The Suffolk Building Society has promoted Rebecca Newman to chief operating officer (COO) from her former position as chief of staff. Newman takes on the new role from former COO Ian Brighton, who has been named head of credit and mortgage management. His new role combines his previous responsibilities with an additional operational mission, including …

The commercial real estate market is expected to have a positive 2022. The sector is showing signs of growth and investment as it begins to rebound from the negative effects of the global pandemic. Rising investment, both domestically and internationally, is helping, while a return to office work and increased employment and hiring opportunities are …

Bridge and development loan lender Avamore Capital says it has revamped and simplified its product line. The company says its offering will still revolve around four main products: renovation, partial development, and development and bridging. It says that for development loans it is maintaining its fixed rate of 7.75%, which allows brokers to offer “above …

Pivotal Growth has agreed to acquire The Loan Partnership, subject to Financial Conduct Authority (FCA) approval. Established in 2013 by John Webb and Andy Pelley, the Loan Partnership is a specialist mortgage broker based in Hemel Hempstead. The Company is focused on providing mortgage advice for second mortgage loans and bridge financing. The acquisition expands …

Together Financial Services has priced its first mortgage-backed securitization (RMBS) at £349m. Together Asset-Backed Securitization (TABS) 2NDI is the sixth issue in its TABS program since 2017 and the eighth MBS facility overall. It was set at a weighted average cost of 1.96% with an advance rate of 91.6%. Almost three quarters (73.5%) of the …

For some time now people have been saying, “Property prices certainly cannot go up and there will soon be a downturn. But the prices continue to rise. They will continue to do so as long as there are fewer homes being built than there are people willing to buy and as long as gazumping can …

Howard Levy, director of SPF Private Client, announced that he will be performing at Ukraine Aid fundraising event in June. Levy is no stranger to performing for charity after being part of the Mortgage Industry Collective in 2019. He has also played drums for Shania Twain, Queen, and at the O2 Arena, Wembley Arena and …

Financial services platform Stipendium announces that it has launched a mortgage product that ensures homeowners can remortgage an unlimited number of times without brokerage fees for a one-time cost. Its Remerge product costs £99, but the company adds that customers may have to pay additional fees, “depending on individual circumstances such as the fee for …

Never have we been so bombarded with data and had access to so much information to shape and inform our opinions. The situation in Ukraine has highlighted both how access to reliable data and how that data is interpreted are powerful tools in shaping a narrative. With independent news sources and barrier-free global data sharing …

What is the size of the gateway market? Lending data from the Association of Short-Term Lenders (ASTL) – the only trade body dedicated to representing the interests of lenders in the short-term home loan market – is considered the industry standard. At the end of 2021, our data showed a record period for bridge loans …

West One Loans has cut rates on its buy-to-let life tracking range. Lender’s Lifetime Tracker Standard W1 is now available at base plus 2.09%, reduces the cost by 15 basis points, as it was previously a base rate plus 2.24%. West One has also cut rates by 15 basis points on its Lifetime Tracker Specialist …

Holdsworth Financial Managing Director Simon Holdsworth shares his frontline experiences in Ukraine and explains why the mortgage industry’s Ukraine Aid fundraiser will be doing crucial work in the country. I had to go on vacation with my girlfriend to cross theUnited States, but when we saw the crisis developing in Ukraine, we called it all …

Average rent has risen 11% in the UK over the past year according to the latest Zoopla report market index. This means the average rent paid by tenants is now £995 per month, up from £897 last year. for sharers. Figures from Zoopla show that rents have risen fastest in London, with a 15% increase …

Retirement aspirations and financial planning drive clients’ choices for freeing up capital, with nearly a third (32%) wanting to enjoy life more as they age and 28% focusing on planning financial, according to the latest research from Standard Life Home Finance. The research took into account the opinions of 418 people who had subscribed to …

Paradigm Mortgage Services has hired Sarah Blackwood as Senior Relationship Manager. Blackwood will cover Scotland, Northern Ireland and the North East of England and comes from Santander, where she was responsible for business development. In his new role, Blackwood will help build relationships with existing businesses and help Paradigm members grow and expand their businesses. …

Potential borrowers were very confident about getting a mortgage in April, although that sentiment is weakening slightly, according to the latest data from OnTheMarket’s Housing Sentiment Index. Data showed an average of 4% of movers in the UK were concerned in April about getting a mortgage to finance the purchase of their next property, a …

At the time of going to press, the Bank of England’s monetary policy committee had just announced that the base rate would drop to 1%. It wasn’t unexpected, but it’s nonetheless shocking to many who are already struggling financially. And that’s not the end of the increases. Economists predict that the base rate could reach …

According to Loans Warehouse, second charge loans jumped to £140.4million in April from a year ago. Last month’s year-over-year figures were up 80.9% in April 2021, the company said based on data reported to it directly by second-charge lenders. The report adds that there was a 9.7% drop in overall lending volume, but points out …

You could argue that the pandemic has made it harder for Britons to achieve their property dreams in 2022. In fact, 28% of respondents agreed with this statement. The UK study* found that more than half of the self-employed believe their chances of buying or renovating a property (whether for themselves or for investment purposes) …

Beverley Building Society says it cut the rates on its self-built mortgages by 76 basis points as homeowners re-examine their housing needs in the wake of the pandemic. The Humberside-based mutual has cut its rate on these types of home loans to 3.49% For the period of construction, with a maximum loan-to-value ratio of 80% …

According to Knowledge Bank, the high interest rate environment is expected to impact mortgage availability and search criteria. The criteria tracker found that “maximum borrower age” at the end of the mortgage term remains the most common search in the residential sector in April, “suggesting that borrowers are looking to extend mortgage payments for the …

The Home Purchase Assistance Scheme (HTB) was used to finance 8,913 home purchases in the last quarter of 2021, according to government figures, a decline of 41% annually. Overall, since April 2013, HTB has been used to close the sale of 355,634 homes, with the total value of loans made reaching £22bn, the figures add. …

A new customer service guide for mortgage brokers and lenders highlights the need for empathy and “active listening” when dealing with borrowers. The guide, from communications provider Moneypenny, is based on its experience managing customer interactions in the financial services industry. He has targeted this guide to the mortgage industry with the aim of improving …

A broker said Mortgage strategy that the Financial Ombudsman Service (FOS) intends to charge him twice £750 for investigating complaints that were not upheld. Brian Rix of Rix Financial Services says these are the first complaints he has received in 30 years. The first concerns an interest-only mortgage sold 13 years ago. The second concerns …

Well, it’s May and before we know it, the first half of the year will be over. It’s times like these – usually late at night, like at the time of writing – that we tend to take stock and review where we are in this amazing industry. There really hasn’t been a clear year …

Average house prices rose 10.8% year on year in April to a record high £286,079according to the latest Halifax house price index. The rise is down from the 11.1% posted in March, but it is still the tenth consecutive monthly rise in prices, the longest since 2016. The report said: “The real estate market has …

Cyber ​​risks are among the worst perils businesses face, according to Allianz’s list of global business threats released this year. Attacks are increasing, they are becoming more sophisticated and the cost of insurance is increasing. Although cyberattacks come from the shadows, you hear about them everywhere. For example, Toyota had to halt production at all …

Leeds Building Society has reduced its stress rate on buy-to-let (BTL) fixed rate contracts for five years or more. The stress rate has been reduced from 5.5% to 4.5% for BTL purchases or remortgages with additional borrowing on longer term fixed rate mortgages. Martese Carton, Director of Mortgage Distribution, Leeds Building Society, says: “Reducing our …

Glenhawk launched a regulated bridging rangeand for borrowers seeking financing against their main residence which includes a loan band at the higher value of 75% and what it says iss lowest interest rate at 0.49%. The specialist lender also says the main features of this simplified product range also includes loan size ranging from £150,000 …

The Bank of England (BoE) raised the key rate by 25 basis points to 1%, the highest level since 2009. The Monetary Policy Committee (MPC) voted by a majority of 6 to 3 to raise the bank rate by 0.25 percentage points, to 1%. Minority MPs voted to raise the Bank Rate by 0.5 percentage …

MQube’s MPowered Mortgages has received Financial Conduct Authority (FCA) approval to expand into the prime residential mortgage market. The approval follows investment backing of an undisclosed sum from Barclays, M&G Investments and Citigroup’s SPRINT. The three financial services companies join AV8, IQ Capital and JamJar Investments, which raised seed funding for MQube in 2019. Last …

Net mortgage borrowing fell from £4.6bn in February to £7bn in March, according to new figures from the Bank of England (BoE). This, according to the BoE, means borrowing remains above the pre-pandemic average through February 2020 of £4.3tn. Meanwhile, the number of house purchase approvals fell slightly to 70,700 from 70,970 in February, while …

Catalyst expanded its existing product line and entered the buy-to-let (BTL) market with BOOST to let. The new specialist mortgage has an interest coverage ratio (ICR) of 100% and allows unlimited tiering for high net worth borrowers with over £1m in assets. Loans are granted at 75% LTV, including those with withdrawal (80% loan-cost for …

The UK government is set to provide households in England who rent properties from housing associations with the option of buying them at a reduced price, the Telegraph has reported. Prime Minister Boris Johnson has told officials to develop the proposals to help ‘generational rent’ over the past two weeks, the Telegraph has revealed. The …

Guy Harington Glenhawk aims to enter the specialized buy-to-lease (BTL) space in the last quarter of this year, the lender revealed in an interview with Mortgage strategy. In a wide-ranging discussion, chief executive Guy Harrington said the company wanted to aim for the extremely specialized end: “Complex cases – offshore ownership, trusts, multi-unit freehold blocks, …

Loughborough Building Society has updated its buy-to-let (BTL) offer to incorporate feedback from brokers and customers. The updated BTL lineup includes Vacation Rental, Family BTL, Business and Consumer BTL, and Rent-to-own. The vacation rental product is available for the purchase or re-mortgage of properties in England and Wales which are used for short-term vacation rental, …

People leave the U.S. Securities and Exchange Commission (SEC) headquarters in Washington, DC, U.S., May 12, 2021. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register SEC sued last year over mortgage-backed securities ratings Lawsuit alleged inadequate disclosures and internal controls Deal requires SEC and judge approval (Reuters) – Morningstar Inc has tentatively …