The UK holiday let sector has just experienced its most successful season yet, according to AirDNA, the leading short-term rental intelligence platform. It revealed that in April 2023, demand for holiday lets in the UK finally returned to 2019 levels and as the summer approached, there was a notable increase in listings (15% compared to …
The need for speed was highlighted again in the latest Bridging Trends data which was released earlier this month. Covering 2023’s third quarter, it paints a picture of how bridging finance continues to be a powerful tool for property investors. Created and compiled by MT Finance, Bridging Trends brings together figures from several specialist finance …
Back in September, Rishi Sunak made a major announcement: he was scrapping the government’s Energy Performance Certificate (EPC) policies for landlords. These policies were set to require newly rented properties to have an EPC rating of C or above by 2025, and existing rental properties to have the same certification by 2028. This move was …
The Bank of England’s Monetary Policy Committee has made a big decision – after 14 consecutive rate rises, they have voted to keep interest rates static at 5.25%. Though the decision was split amongst investors and business leaders prior to the September meeting, the vote was passed by a slim majority of 5-4. Those who …
With the property market cooling off, the property auction sector is proving to be a great opportunity for buyers to take advantage of lower prices and increased choice. According to Auction House UK, there was a 20% increase in the number of properties sold between January and August 2023 compared to the same period in …
According to the latest Bridging Trends data, £165.7 million in bridging loans was transacted by contributors* during the second quarter of 2023. This is a 40.6% drop from Q1’s record-breaking £278.8 million and the lowest quarterly figure since Q1 2022 (£156.77 million). demand from investors and landlords rebounds After plummeting to 15% in Q1, …
When MT finance was launched in 2008 by Tomer Aboody and Joshua Elash, it was done so with the intention of providing exceptional service coupled with a flexible, pragmatic and transparent approach to bridging. While much has changed in the last 15 years – including the recent addition of buy-to-let mortgages – these basic principles …
According to the latest Bridging Trends data, £278.8 million in bridging loans was transacted by contributors during the first quarter of 2023. An all-time high since Bridging Trends launched in 2015, this is a 30% increase on the previous record (£214.7 million in Q3, 2022) and a 68% jump on Q4 2022 (£166.3 million). …
Back in the summers of 2020 and 2021, when the list of foreign countries Brits could travel to was liable to change at any moment, securing a holiday let quickly became a top priority for those able to afford a break. While the so-called ‘staycation boom’ has regularly been declared as ‘over’ during the last …
At the end of March, Nationwide’s house price index reported that the average UK property price had fallen 3.1% over the year to March. Now at £257,122, this is the steepest drop since 2009 in the wake of the global financial crisis. The seventh consecutive monthly decline, the latest dip leaves prices 4.6% below their …
