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long term


Molo Finance enters the residential mortgage market after securing a financing agreement with pension insurer Rothesay. The digital mortgage platform has been offering buy-to-let (BTL) products since 2018, with the new deal allowing the company to enter the residential market. Molo does this with its “FlexLife Mortgage” range, with fixed interest rates available over terms …

Pepper Money is now offering its customers free advice on energy efficiency. This consists of carrying out an energy efficiency study on the client’s property, providing an energy performance certificate (EPC) and detailing an action plan to make their property more energy efficient. Pepper says that if the action plan requires funding for improvements, the …

Without wanting to sound like a broken record, 2021 has been another year of uncertainty for all of us, owners included. However, amidst the closures and the alarming rate of inflation, there was something to celebrate for real estate investors! Helped in part by demand initially sparked by the stamp duty holiday, house prices have …

Shutterstock/Anna evlanova.ru The real estate market exploded last year, including the buy-to-let (BTL) sector. According to UK Finance, BTL buying activity grew to £18 billion in 2021, a colossal 83% increase on activity in 2020. Meanwhile, Shawbrook Bank’s 2021 Buy-to-Let report found that the value of the private rental sector grew by 5.8% in 2021, …

Masthaven has announced that he will exit the UK banking market within the next two years. The lender has confirmed that it will sell its mortgage portfolio through a tender process, which is expected to conclude this year. The decision to pull out of the UK was made because the bank was unable to secure …

Virgin Money has launched three new fixed-rate offers and reduced the price of one of its longer-term mortgages. The three new products are all available at up to 75% LTV, charge a fee of £995, come with £1,000 cashback and consist of: A seven-year fix at 1.89% A 10-year fix at 1.89% A 15-year fix …

Average rental prices rose significantly in the last quarter of last year, reaching 9.9% annual growth outside London, according to Rightmove. This brings the average rent bill to £1,068 across most of the UK. In the capital, average rents have risen by 10.9% over the same period, leaving the average rental cost per month at …

“A lot of the loans we give are for new buildings, and they meet a green standard,” he said. The Australian Financial Review. “It made sense to match the capital, which we can rate, with the mortgage, which is actually rated green.” BC Group is backed by one of Asia’s largest developers, Hong Kong-listed Far …

Kensington and Chelsea are the least affordable areas to live in the UK, while East Ayrshire is the most affordable, according to Nationwide. The London Borough posted a first-time buyer price-to-earnings ratio (HPER) of 14.7 last year, while the Scottish local authority reported a ratio of 2.4, according to the building society affordability report. The …

Business owners have turned to second mortgages to raise capital as omicron continues to disrupt UK industry, Knowledge Bank says Criteria tracker found brokers seeking ‘fundraising for business purposes’ in December were the fourth most searched term, some of which the company attributed to the Covid-19 variant . He says, “While some of this research …

There has been a long road to recovery since the 2008 financial crisis and its impact on homeowners has been the driving force behind most of the regulatory developments that have taken place in the UK since. After the crisis, the regulator introduced a new lending framework through the Mortgage Market Review and, while established …

As inflation hits the headlines for the first time in decades and interest rates rise despite the spread of Omicron, fixed and variable rates remain in the foreground for many mortgage professionals, and what increases in interest rates will mean for customers. Meanwhile, and perhaps under the radar for many, the issue of Energy Performance …

Shutterstock / nuchao The lease industry has always been an obscure part of the real estate market, with tenants frequently complaining about high service charges, escalating ground rents, unscrupulous landlords and the exorbitant costs of lease extensions. Yet to date, nothing has rocked the lease industry as much as the siding scandal. The fallout from …

Shutterstock / Pictrider Mortgage brokers are encouraged to improve their knowledge of the equity release market, although they do not intend to provide product advice themselves. Experts in the field say all advisors should have a general understanding of loan options later in life in order to identify clients who might be better suited for …

Hanley Economic Building Society launched two residential fixed rate mortgages. The first is a fixed rate mortgage of just 1.75% over two years and 80% LTV, which comes with a free standard appraisal and free legal fees. The second is a five-year 95% LTV fixed rate offer with an aggregate rate of 3.45%, which is …

Mortgage Advice Bureau has made an undisclosed investment in Heron Financial, which it says will allow it to leverage the mortgage and insurance company’s bespoke software to “improve client and advisor performance.” . The broker listed on AIM adds that the partnership will strengthen its “position in new real estate, to reflect the changing expectations …

Net mortgage borrowing in October stood at £ 1.6bn, according to new statistics from the Bank of England (BoE), significantly lower than the £ 9.3bn recorded in September and the highest amount low recorded since July 2021. The BoE says the drop was driven by borrowing “postponed to September to take advantage of the stamp …

Kensington Mortgages is launching its first long-term fixed rate mortgages tomorrow, allowing borrowers to freeze their monthly payments between 11 and 40 years. Flexi Fixed for Term offers are priced differently depending on the term chosen and the amount borrowed, but are available up to 95% LTV for new purchases or up to 85% LTV …

The Financial Services Compensation Scheme has reduced its projected levy from £833m to £717m for 2022 This is a reduction of 13%, the result of lower-than-expected investment payments and corporate bankruptcies. The FSCS says this means it will not invoke the ‘retail pool’ in the 2021/2022 levy, which means there will be no interim levy …

Unlike other sectors of the mortgage market, which have boomed, commercial real estate has suffered during the pandemic. Empty offices, closed pubs and restaurants and restricted retail outlets have made lenders very nervous about lending in this market. Ironically, one of the least attractive businesses, takeout, has become one of the most successful. However, for …

The Mortgage Strategy Awards, held last month, offered many insights into the state of the industry. And one thing that jumped out at this year’s event was that the future of this industry is in good hands. Smart, ambitious and very energetic – the next generation arriving right now is an impressive group that has …

TORONTO, October 6, 2021 / CNW / – Crestpoint Real Estate Investments Ltd. (“Crestpoint”) is pleased to announce that it is expanding its product offering to include a dedicated commercial mortgage strategy. The Commercial Mortgage Strategy (“the Strategy”) will be led by Blake Steels, Vice-President, Head of Mortgage Investments. Steels, a seasoned private market real …

The boost people received for their financial well-being after the foreclosure measures started has diminished, according to Scottish Widows. The company’s latest household finance index fell from 44.7 in the second quarter of 2021 to 44 in the third quarter of 2021, despite the first increase in household income from employment since the first quarter …

Kensington Mortgages has finalized a green bond securitization worth £ 750million, which the specialist lender says will help ‘get borrowers to buy energy efficient properties or renovate existing buildings’ . It says the deal is a lender’s first green bond in the UK asset-backed securities market, making the company the third issuer in Europe to …

Transfer panel supplier LMS has struck a deal with the Darlington Building Society that will see the mutual join its panel. The construction company becomes the 29th lender on its LMS Panel Link service. LMS says it offers “a fully vetted secure panel that meets exact company requirements.” He adds that the panel “also provides …

Forgestone Capital CEO Trevor Blakely. (Courtesy of Forgestone) Forgestone Capital was formed eight years ago and has grown into a full-service real estate investment company with $ 6 billion in assets under management and an additional $ 1 billion in development projects. Along the way, Forgestone assembled a team of 19 people with expertise in …

Habito has launched a fixed rate mortgage with a term of up to 40 years. Available from 60 percent LTV to 90 percent LTV, Habito One begins with a 10-year option and increases from five years to 40 years. Habito said it plans to introduce a 95% LTV option “later this year”. At 60 percent …

TORONTO, Jan. 25, 2021 (GLOBE NEWSWIRE) – Institutional Mortgage Capital (“IMC”) is pleased to announce the launch of the open-ended Active Mortgage Fund (“AMF”). The AMF was initially launched as a closed-end fund in December 2016. The AMF was converted from a closed-end fund to a variable-capital fund, effective January 1.st of this year. “The …

Secure Trust Bank has started a consultation on a proposal to stop granting new mortgages. The lender says the action is taken in light of the current economic climate, increased competition and pressures in the housing market. The company intends to operate as normal throughout the consultation and says there will be no impact on …

The cost of mortgages in the country could drop significantly in the coming days as the government steps up its intervention in the housing sector. The New Times understands that a $ 150 million loan from the World Bank Group is expected to be approved in about a month, and the proceeds from the sale …