Posts in tag

stamp duty


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 …

Shutterstock/Photobank.Kiev.UA Many buy-to-let (BTL) professionals are optimistic about the market outlook after a strong 2021. Mortgage strategy cited good mortgage availability, easing criteria and low rates as reasons for their optimistic outlook. This positivity is despite tougher tax conditions for homeowners and the threat of additional costs to improve the energy efficiency of homes, which, …

After a frenetic year that consistently exceeded expectations, it’s invigorating to look at 2022 with fresh eyes and assess what the market should be preparing for in the months ahead. Last year was characterized by a surge in sales fueled by the stamp duty holiday and second home buyers. Naturally, this has led to a …

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 …

Remortgage approvals fell seven points in the third quarter of 2021, according to the latest LMS Remortgage Healthcheck Index. The decline was attributed to slower growth in average endorsement values. The LMS report shows the overall health of the mortgage market and tracks the evolution of four key indicators: the volume and value of mortgage …

As we approach the end of a year, I like to take stock of the past 12 months and crystallize my thoughts on what the next 12 might look like and what I can do to improve them. This ritual seems more important than ever given the state of the world over the past two …

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, …

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 …

A “depressed” stream of new instructions is both dampening activity in the housing market and pushing prices to new highs, according to the Royal Institution of Chartered Surveyors. In its latest residential market survey, Rics shows the net balance of the new set of instructions at -20%, with average inventory levels falling from 42 in …

Bridge loans have returned to the highest levels seen since 2018, according to data from more than a dozen packagers in the industry. Gross lending by contributors to the survey reached £190.24 million in the third quarter of this year, the highest volume since the fourth quarter of 2018. Loans were up 30% to £146.52m …

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 …

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 …

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 …

When it comes to submitting applications to lenders, a slow turnaround time is the main pet peeve of mortgage brokers. During the first lockdown, when the market had to adapt to remote working, brokers faced new challenges. Subsequently, the stamp duty exemption led to a dramatic increase in demand as borrowers hoped to take advantage …

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 …

According to Rightmove, one million households saved £6.1billion when they moved during the stamp duty holiday. The data from the online estate agent comes after the end of 15-month tax relief in England and Northern Ireland yesterday, after it was introduced by Chancellor Rishi Sunak last July to revive an industry that had stagnated in …

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 …

HSBC UK is reducing rates on all LTVs in its range of mortgages, up to 0.30%. The lender made the move because it recorded its busiest month in terms of mortgage lending in March and onboarded more than 100 brokerage firms in the past eight weeks, for a total of 400 partner brokerage firms. Highlights …

Renting had never been on Liz Hamburger’s card, choosing instead to put money aside each month while living with her parents and heading to London. She is gradually saving and in December 2016, Liz, now 29, buys her first house with her then boyfriend. Obtaining a mortgage with a down payment of 10%, Liz says …