Mortgage Lending Plummets by 30% Says Report
The relentless pressure on the housing market has had a profound impact on mortgage lending, prompting significant shifts within the industry, as revealed by the latest data released today. According to a report from UK Finance, a trade association for the UK banking and financial services sector, mortgage lending for property purchases during the second […]
Cash Buyers Enjoy Increasing Advantage Over Mortgage Counterparts
Newly released data has unveiled a growing trend in the real estate market, as cash-paying investors seize opportunities by securing properties at prices significantly lower than their mortgage-dependent counterparts. The information, analysed by property lending platform Octane Capital, highlights the disparity in purchase prices between cash buyers and those relying on mortgages, shedding light on […]
Bank CEO Supports Buy-to-Let Landlords in Newspaper Interview
In an exclusive interview with a national newspaper, the CEO of Paragon Bank, Nigel Terrington, has taken a resolute stance in support of buy-to-let landlords and the broader landscape of private renting. The banking chief’s remarks come as a significant endorsement of an industry that has been marred by scepticism and misconception. Terrington, at the […]
Buy-to-Let Community Seeks Image Overhaul Amidst Media Scrutiny
The buy-to-let sector in the United Kingdom is grappling with an array of challenges, ranging from shifts in tax policies to escalating mortgage rates. However, beyond these fiscal concerns, an unexpected adversary has emerged: the media. Stuart Haire, the CEO of Skipton Building Society, has raised a compelling point about the role of media in […]
A Lesson in Housing for Chloe Field
In response to an ever increasingly serious shortage of student accommodation Chloe Field from the National Union of Students said the NUS wanted to see more affordable accommodation created and rent controls considered to stop prices escalating. Because that’s what we need when faced with a housing crises – rent controls. Well, Chloe I hope […]
Investors Still Keen on HMO Properties
In the face of shifting economic tides, the majority of property investors in the UK remain resolute in their belief in the value and stability of their investment portfolios, according to a recent study conducted by Sourced Franchise. A staggering 71% of these investors have witnessed no decline in their portfolio values since the Bank […]
Renters (Reform) Bill: Mixed Sentiments Among Agents and Landlords
In anticipation of the impending Renters (Reform) Bill, insights from a recent study conducted by Goodlord and Vouch shed light on the divided opinions within the letting industry. The research uncovered that nearly half of all letting agents surveyed are bracing for the worst as the bill’s introduction looms on the horizon. A concerning 43% […]
Study Reveals Top 10 Most Affordable UK Cities to Own a Home
As the cost of living crisis continues to grip the nation, the quest for affordable homeownership has become a central topic of discussion. Escalating interest rates have propelled mortgage prices to unprecedented heights, igniting conversations about the most economical urban areas for property purchase. Regional disparities in property prices have always existed, but recent astronomical […]
Do I really need cover for Management Liability?
Lots of directors, whether their businesses are big and small, feel like they’re not at risk of a claim being made against them and that Management Liability insurance isn’t something they need. These claims are more likely to arise during a time of high inflation and high cost of living – when the economy is […]
Rising Trend of Buy-to-Let Properties Sold with Tenants In Place
An emerging trend is reshaping the dynamics of property sales. A recent in-depth analysis has unveiled a notable surge in the practice of selling buy-to-let properties with existing tenants firmly in place. According to the study’s findings, a staggering 12,518 properties currently stand listed for sale while still being occupied by tenants. This intriguing trend, […]