News

Property News

• How will new HMO licensing rules affect landlords?
  In early March, 2018, the Government introduced new rules regarding licensing of houses in multiple occupation.
• Virgin Money launches first seven and ten-year fixed rates
  Virgin Money has launched its first seven and ten-year fixed rate products available for house purchase, remortgage and product transfer.
• Remortgage market drives April lending rise: UK Finance
  Gross mortgage lending rose by 13.3% annually to £20.4bn in April, driven by strong remortgaging figures, according to the latest UK Finance data.
• Scottish house price growth accelerates to 7.7%
  Scottish annual house price growth has accelerated again, increasing by 7.7% in March, according to the latest Your Move house price index.
• Furness launches Help to Buy repayment product
  Furness Building Society has launched a new Help to Buy remortgage product which will enable customers to wrap their mortgage borrowing into one loan repayment.
• Principality announce launch of HTB England product
  Principality Building Society has announced that it has launched a mortgage product to help more first-time buyers and next-time buyers in England.
• Sainsbury's Bank launch 'accidental landlord' BTL product
  Sainsbury's Bank has announced that it is breaking into the buy-to-let market with the launch of launch of some new products solely available via its network of broker partners.
• How far would you go to get your offer accepted?
  There's no denying it, homebuyers face an emotional rollercoaster when it comes to finding the right property.
• Paragon announce new mortgage lending up 23%
  Paragon has announced that it has grown total mortgage lending by 23% to £721m in the six months to 31 March 2018 compared to the same period last year.
• Majority of Brits to spend time in the garden this weekend
  According to a new survey of 1,013 UK homeowners carried out by interiors retailer, Furniture123.co.uk, has revealed that after neglecting their gardens during the winter months, 68% of Brits will venture out into their outdoor spaces this week to prepare their gardens for the summer season ahead.
• Homeownership not top priority for the younger generation
  According to the latest research from TopCashback.co.uk, although the vast majority (95%) of millennials would like to buy a house in the future, 31% do not think it will happen and 29% are only hopeful about their chances. Just 39% are sure they will buy a property.
• Scottish remortgages at seven year high
  Data released from UK Finance has shown that remortgages North of the border have seen a surge in the last year taking their numbers to a seven year high.
• £10bn lost due to collapsing property sales since 2008
  New research among more than 2,000 UK adults commissioned by Market Financial Solutions has uncovered how common it is for property purchases to fall through, as well as the main reasons for deals going wrong.
• UK Finance: The end of the North South divide?
  The latest data and analysis from UK Finance has revealed that as well as the highly publicised slide in house prices in the capital, FTB and homemover mortgages were also down in Q1. However, it wasn't all bad news for London as remortgage activity was at its highest since 2008.
• A place on London's housing ladder costs FTBs twice the national average
  New research from Lloyds Bank has revealed that the average price of a first-time buyer home in the capital has risen by close to two-thirds in the past five years alone despite the recent slowdown in house prices there.
• Savvy millennials tweak spending habits to get on the property ladder
  New data from MoneySuperMarket has revealed that millennials are not as green as they are avocado looking. Growing numbers are making tactical changes to their financial behaviour to help them get on the housing ladder with their first mortgage.
• In the Spotlight with Michelle Niziol
  We caught up with Michelle Niziol, CEO of IMS Property Group
• Poolside property premiums push prices up 26%
  The UK is currently in a (very welcome) period of hot weather. Brilliant isn't it. And with another hot bank holiday coming up, many of us will of course be complaining that it's now too hot and looking to cool off. Such is the British way.
• Landlords warned to be prepared for GDPR
  Landlords are being warned to prepare for the complexities of the new data protection rules, the General Data Protection Regulations (GDPR), coming into force this Friday (25th May). Landlords provide a service so they must comply like anyone in business.
• Mint announce new auction product
  Bridging lender, Mint Bridging announces today that it has developed an auction product with rates from 0.45% per month. It is available for purchases of houses, flats and commercial properties.