Posts in tag

real estate


Trying to come up with market forecasts over the past two years has been a bit of a guessing game. However, with almost all restrictions lifted and after 12 months of strong loans in the specialist financial market in 2021, I think we can feel a little more confident for 2022. Although gross lending in …

The financial consequences of Covid may have pushed back the average age of a first time buyer (FTB) by nearly two years, according to calculations by GetAgent.co.uk. The firm argues that with an average gross salary standing at just over £31,000, anyone who joined the government furlough scheme during Covid will have retained an income …

Real estate group Mortgage & Surveying Services has announced that it has purchased “a significant stake” in specialist mortgage network Connect IFA for an undisclosed amount. Connect says the investment will strengthen its “financial strength and give it the ability to make further developments to its proposition as it continues to grow its presence in …

Shutterstock / IR Stone Every real estate market has its winners and losers, and as housing shortages continue to prevail, the transitional sector finds itself in an advantageous position. Whether buyers are looking to restore a broken real estate chain or do a quick renovation, many are using bridging to gain the upper hand. “It’s …

Buy-to-let landlords must be included in government plans to make housing companies and their suppliers pay for the removal of hazardous coatings, MPs say. “The Secretary of State [for Levelling Up, Housing and Communities, Michael Gove] said the government would protect leaseholders from remediation costs, but too many tenants will fall through the cracks of …

Vacancies fell across England in February according to Goodlord, although this increase in rental activity has yet to boost rents which have fallen throughout the month. Real estate technology firm Goodlord attributed the drop in vacancies to continued strong demand for rental properties. This has yet to produce a price increase, with rents falling by …

Foreign owners of UK property will be required to register their real identities in the new economic crime bill which the government has fast-tracked following the Russian invasion of Ukraine. The aim is to prevent foreign owners from laundering “dirty money” through British ownership and to increase the number of Unexplained Wealth Orders (UWOs) issued …

WEST HARTFORD, CT /ACCESSWIRE/February 23, 2022/ new money, a leading technology company that provides rapid funding to real estate investors, today announced the launch of its new Decentralized Finance (DeFi) Securitized Mortgage Fund (“Fund”). The Fund will enable accredited investors in the United States, as well as across the world, to gain exposure to a …

The cause of renewed investor interest is the search for an alternative to low savings and fixed bank rates, especially among retirees looking for regular, reliable payments that offer a return above inflation. The annual return of an average $100,000 term deposit account is $520 (or 0.5%). The return on the same amount in an …

More than half – 52% – of mortgages in 2021 were on a five-year solution, LMS’ annual mortgage report shows. Meanwhile, 37% of mortgages taken out were of the two-year type and only 2% at a 10-year fixed rate. Overall, mortgage activity increased in 2021, “with a steady increase in instruction and completion volumes following …

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 …

Landlords are buying greener properties before the government legislates in this area, meaning tenants can pay lower utility bills than owner-occupiers, saving up to £844m a year, according to Hamptons. The real estate agent says that so far this year, the share of homes bought by investors with an A to C energy performance certificate …

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, …

Rightmove recorded its busiest January ever with buyer demand up 16% from the same month a year ago, adding there were ‘early signs’ that more homes were coming in in the market to ease the pressure on prices. The real estate website, founded in 2000, saw more than 218 million visits to its site and …

The government has announced that it will soon publish its White Paper on Leveling, the overall aim of which is, over a decade, to address and correct the geographical inequality of opportunity and wealth plaguing the UK. “We have one of the largest and fastest growing economies in the world. Ours is the most spoken …

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 …

Demand for super premium properties in London has hit an all-time high with sales of homes worth £10million or more jumping 90% in the past year, according to Coutts. Sales rose to 106 last year from 56 in 2020, driven by sales of high-end properties in Kensington, Notting Hill and Holland Park, according to the …

Saxon Trust has hired Marc Osterley as financial controller as the transition and development lender seeks to expand its business He says Osterley will oversee the day-to-day accounting and work closely with the new commercial team and assist the Chief Investment Officer in managing existing lines of finance and acquiring new sources of funds. The …

A survey conducted on behalf of Legal & General Home Finance found that 22% of current workers plan to use the value of their home to pay for their retirement. Moreover, of the 4,000 adults surveyed at the end of this year, the survey showed that 35% of all non-retirees own a house but have …

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 …

Landbay said it has reduced some rates on its rental mortgage lineup and added new homes to its green loan portfolio. The rental loan platform reduced rates from 0.14% to 0.29%, with its lowest rate now set at 2.65% for a two-year fixed rate at 65% of the loan-to-value ratio, against 2.85%. Product discount highlights …

/ DO NOT DISTRIBUTE TO UNITED STATES NEWSWIRE OR BROADCAST SERVICES IN UNITED STATES/ NORTH VANCOUVER, BC, January 4, 2022 / CNW / – Sunstone Opportunity (2007) Realty Trust (the “Trust”) and Sunstone Opportunity (2007) Mortgage Fund (the “Mortgage Fund”) announce the sale of the last remaining property in their original portfolio with the sale …

/DO NOT DISTRIBUTE TO UNITED STATES NEWS WIRE SERVICES OR FOR BROADCASTING IN UNITED STATES/ NORTH VANCOUVER, BC, January 4, 2022 /CNW/ – Sunstone Opportunity (2007) Realty Trust (the “Trust”) and Sunstone Opportunity (2007) Mortgage Fund (the “Mortgage Fund”) announce the sale of the last remaining property in their original portfolio with the sale of …

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 …

Nearly half of homeowners under the age of 40 entered the real estate ladder “much later” than expected, according to new research from the Equity Release Council, which it says highlights a more relaxed attitude to. with respect to debt later in life. The professional body says 45% of young homeowners with a mortgage delayed …

Thousands of adult children are expected to receive Christmas presents, as nearly two-thirds of parents have already helped them buy a home by spending an average of £ 32,440 for deposits, according to Zoopla. The real estate website said 64% of parents helped their kids buy their first home, with 24% of parents saying their …

UK average house prices hit a new record high of £ 272,992 in November, according to the latest Halifax index. That means a monthly change of 1% – the fifth consecutive month of house price increases – and an annual growth rate of 8.2%. Halifax also notes that the quarterly change – up 3.4% – …

Average 95% LTV rates are the lowest on record, Moneyfacts says. For a two-year patch, first-time buyers with a down payment of 5% will be able to obtain an average rate of 3.09% and, for a five-year patch, 3.39%. In December 2019, these rates were 3.25% and 3.57% respectively. However, the choice of products for …

Year-over-year year-over-year home buying activity in third quarter, despite “steep” drop after June stamp duty deadline, is mostly driven by borrowers moving, according to UK Finance . In its Quarterly Review of Household Finances, the trade body describes the drop that occurred in the third quarter of this year as “a predictable and familiar drop, …

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 …

Together has increased the maximum loan size across all of its unregulated and buy-lease bridge lines. The Cheadle-based specialist lender has said it has increased the maximum amount of its bridging proceeds from £ 2million to £ 5million “as it seeks to further develop its loan portfolio after the pandemic”. He adds that the maximum …

House prices will rise by 5% by next year nationally and by 3% in London, according to Rightmove. Broken down by region, it says prices in Scotland, the West Midlands, the South West and Yorkshire and the Humber will rise “by more than 7%”. Rightmove identifies “lowest ever available inventory of property for sale by …

The average number of potential new tenants per rental agency fell from 83 in September to 71 in October, according to Arla Propertymark. It is in the Northwest that we look the most, with an average of 163 potential tenants per branch. Yorkshire and Humberside, Wales and Northern Ireland jointly have the fewest tenants per …

United Trust Bank has named Mike Walters to lead its restructured mortgage sales team. Walters, whose title was previously “Sales Manager – Real Estate Intermediaries”, will now become “Sales Manager – Mortgages” and will be responsible for the bank’s first mortgage and second charge products. Large accounts, including specialty distributors, packers and major brokers, will …

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 …

Image by Shutterstock / Ufuk ZIVANA Equity release professionals appear to be teeming with positivity amid record loan numbers and product selection, as well as low rates. Although many concede that the historically negative reputation of the industry still influences consumers, when Mortgage strategy polled the industry, the mood was surprisingly optimistic about the business …

The founders of Nested are launching an equity loan product similar to Help to Buy with plans to start lending by the end of this year. Unlike the government-run program, buyers will not be limited to new construction. The loans will be interest-free, with the lender benefiting instead from a capital appreciation. The lender, called …

I’m writing this as Rishi Sunak just walked away from the shipping box after giving a budget speech that rather disappointed the real estate industry. Sunak’s speech mentioned “leveling” no less than eight times. The travel direction for regional infrastructure investments, job subsidies and indeed the mountains of public relations around politics are all called …

Brightstar Financial has partnered with Allicia Bank to launch a “DIP in a day” event on November 29th. The event involves an on-site Allica Bank underwriter who will assess the business and semi-business cases submitted that day. Allica Bank is committed to rendering a decision in principle the same day for any qualification request submitted …

The average asking price of properties put on the market fell 0.6% or £ 2,044 to £ 342,401 since October, marking the biggest monthly drop since January, according to figures from Rightmove. However, annual price growth continued, with prices up 6.3% year-on-year, down slightly from October’s 6.5% figure. Agents report that many homeowners are getting …

More than £ 1bn of real estate wealth was released in the third quarter of this year, setting the stock release market on track for a record year. These dynamic quarterly figures from Key’s Market Monitor indicate that the total funds released in 2021 could exceed £ 4 billion by the end of the year. …

Shutterstock-Olyy-168221678 The transition sector continues to be one of the success stories of the mortgage market in recent years. The influx of new lenders has lowered rates, making the sector more attractive and degrading the image it once had of last resort credit. A healthy appetite from investors and entrepreneurs has also contributed to the …

The new Monument digital bank has been approved to start receiving deposits, which allows it to be launched. The lender plans to target more affluent clients such as professionals, entrepreneurs and real estate investors, offering savings and mortgages. At launch, the bank offers rental mortgages up to £ 3million and bridging loans. Monument announces that …

Some of the nation’s largest lenders have raised mortgage rates in the past two weeks and, according to many in the industry, more may arrive soon. The Bank of England (BoE) has made no secret that it is considering a hike in key rates early next year and, together with Chancellor Rishi Sunak referring to …

There was little focus in today’s budget on the housing market, with the most important news being confirmation of development on brownfields and a tax on large home builders to fund the removal of the coating. Specifically, Chancellor Rishi Sunak said £24bn would be earmarked for housing, of which £1.8bn would be spent to commission …

As of this writing, I have recently attended several industry events. Many people in the mortgage industry seem eager to reconnect with the potential risks that still exist, including me! It looks like rental investors (BTLs) are feeling the same, with two busy days at the Consumer Real Estate Investor Fair a few weeks ago. …

Emily Machin, Specialist Finance Manager, InterBay Commercial I think it’s fair to say that over the past couple of years, buy-to-let homeowners have had the proverbial kitchen sink thrown at them. Stamp duty surcharge on second homes, changes to mortgage underwriting standards and ever-shrinking mortgage interest tax relief associated with Brexit and Covid-19, it seems …

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 industry just celebrated 25 years of Rental Mortgage (BTL), but you’d be forgiven for thinking it’s been around much longer. It seems to have always been there but, like all mortgages, it was introduced for a reason: to fill a gap. We all know BTL is a big part in the transition industry. Much …

As we all finally settle into the full impact of Section 24, the recent government tax reshuffle has thrown another wrench into the work for rental owners (BTL). While they are certainly not industry-wide of the aforementioned interest relief changes, the changes to Dividend Tax, Corporate Tax, and National Insurance (NI ) will impact many …

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 …

In general, 15 years is not an advanced age for a company, unless it operates in the transition sector. In October we celebrate our 15th anniversary. The milestone presents an opportune time for reflection. In 2010 gross bypass in the UK was estimated at £400 million. In 2019, this had reached £4 billion. The bridge …

The average rate paid by life mortgage borrowers has fallen 41% or 2.39 percentage points over the past five years, saving £ 10 billion, according to Responsible Life’s analysis. Clients of the stock release paid an average of 3.4% last year, up from 5.79% in 2015, according to the broker. Calculations are based on data …

Every time I see mention of the term “downward revaluation” I can’t help but think what an ever-present bone of contention this has been in my 35 years in the mid-market mortgage market, and yet it continues to be a misunderstood aspect of the home buying process. So it was with a wry smile that …

Together has priced its first residential mortgage securitization at £ 318million. The portfolio consists of a portfolio of owner-occupied and rental residential mortgages secured by properties in England, Wales and Scotland. The Cheadle-based specialist lender has raised or refinanced more than £ 1.9bn since the start of this year to support its loans. Together Chief …

Standard Life has launched a free service to help pension plan members plan to purchase their first home. The new service called Homebuyer Hub was developed in collaboration with Life Moments. In February, Phoenix Group announced the acquisition of the Standard Life brand, which was finalized in May. Standard Life is now part of the …

Anti-money laundering firm SmartSearch has launched SmartDoc, a technology tool that authenticates paper documents used in the real estate, legal and financial services industries. The Leeds-based company, founded in 2005, says the product combines state-of-the-art facial identification technology and machine learning interrogation to check whether these the documents are “authentic and unaltered”. Organized crime gangs …

Zoopla claims that its recently launched In Search ads generate a click-through rate that is more than five times that of similar display advertising. In Search ads are sold on the real estate portal’s ad search pages, which he says attracts more than 120 million views per month. He adds that the ads, launched a …

HSBC cut rates on its entire range of mortgages to 0.20%, leading to an offer of less than 1%. The discount applies to over 20 mortgage products on all LTVs, including the bank’s 95% LTV mortgage guarantee program rates. Following the update, the two-year 60% LTV fix, with a fee of £ 999, now comes …

Image Credit: Shutterstock The pandemic has led to a savings boom, but many mortgage experts suggest that because the wealthiest households are the main beneficiaries, it is unlikely to help many more first-time buyers access finance. real estate scale. Numerous studies have shown that households have set aside over £ 100bn in excess deposits as …

The MCI Mortgage Club has added specialist lender United Trust Bank to its panel. United Trust Bank lends on first and second mortgages up to £ 500,000 and will accommodate non-preferred clients and non-standard construction property types. The bank has flexible criteria for salaried and self-employed clients and does not establish a credit score. Last …

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 …

Kensington Mortgages has agreed to a securitization worth £ 472million, which the specialist lender says is “a critical part of the funding cycle” allowing it to target underserved lending markets. The lender said the oversubscribed deal attracted 28 investors to four loan tranches at a total cost of 66 basis points in the UK residential …

TORONTO, July 14, 2020 (GLOBE NEWSWIRE) – The Downing Street Group, a Toronto-based real estate investment firm, today announced the launch of its $ 100 million private placement offering on DealSquare for Downing Street Premium Yield Mortgage Fund LP (“DSPYM”). Powered by NEO technology, DealSquare is a joint initiative between Silver Maple Ventures and NEO …

TORONTO, March 11, 2020 / CNW / – Forgestone Capital is pleased to announce the successful closing of another $ 100 million in the capital commitments of its institutional partners in Forgestone Mortgage Fund LP. The Forgestone Mortgage Fund is an open-ended investment vehicle focused on preserving capital and providing investors with consistent, stable and …

Writs filed in the Supreme Court of Victoria document the default of numerous loans to finance developments and allege that investors suffered loss and damage due to the conduct and actions of Oliver Hume. The relief sought includes fair financial compensation, including payment of interest owed and the removal of Oliver Hume as trustee of …

Secure Trust Bank has confirmed it will stop granting new mortgages following consultation. The bank said it would not offer new mortgages to borrowers “until terms become more favourable” and contacted staff about it. The current economic climate, increased competition and pressures in the housing market were highlighted as having contributed to the decision. Existing …

Strict visa regulations and concerns made it difficult for many Americans citizens to obtain mortgages on properties in the UK. Helen Burggraf watches the banks put the pieces together Americans living in London are no different from other Londoners in one respect: it doesn’t take long for them to start talking about property and their …

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 …

“Old Fashioned” Mortgage Offers: Why Bother? We live in the internet age and yet it is common to receive a mortgage offer in the mail. Why do you get such offers, and are they good? The answers may surprise. Check your new rate (November 26, 2021) The mortgage offer and targeted marketing “You have no …

ORLANDO, Florida., September 15, 2016 /PRNewswire/ — Legion Capital Corporation, a direct-to-market venture capital firm managed by a renowned venture capital executive Jim Byrd and president Brad Hilton of the renowned Hilton Hotel family, announced the launch of their new venture capital fund, LEGION HIGH YIELD MORTGAGE FUND I, LLC, a $25 million real estate …

new York: JPMorgan Chase & Co announced Friday that it agreed to pay $ 4.5 billion to settle claims from investors who lost money on mortgage-backed securities before the collapse of the US real estate market. The bank struck a deal with 21 institutional investors in 330 residential mortgage-backed securities trusts issued by JPMorgan and …