The Covid-19 pandemic has forced us to take a good, hard look at how we live and work. With many people finding themselves working from home for the first time, and discovering that they can do so effectively, there is increased speculation as to whether we will ever return to the office-based culture on quite …
As with any Budget, there is much speculation as to what measures the Chancellor will introduce on 3 March. A mortgage guarantee scheme, designed to help those buyers with just a 5 per cent deposit, looks set to be on the cards with Rishi Sunak planning to provide a guarantee to lenders. It has also …
The approaching end of the stamp duty holiday is having an inevitable impact on the housing market, with property prices starting to soften in January as the market runs out of steam. Lenders Nationwide and Halifax both reported a 0.3 per cent drop in prices month-on-month as buyers started to realise that they would be …
If you’re rushing to get property deals over the line before the stamp duty holiday ends on 31 March, MT Finance could help. According to Rightmove, thousands of new buyers are unlikely to complete before the 31st March deadline and there are now a whopping 613,000 homes sold subject to contract still awaiting legal completion. …
Annual bridging lending fell by £278 million due to Covid-19 disruption but the market is showing signs of recovery, Bridging Trends data reveals. £455 million of bridging loans were transacted by Bridging Trends contributors in 2020, a 38% decrease on the previous year (£732.7m). The impact of Covid-19 was most evident in the first half …
While England has returned to lockdown, with the Prime Minister encouraging the population to ‘stay at home’, this time around the property market remains open for business. Unlike the first lockdown, sellers and buyers remain able and keen to proceed with their transactions, particularly with the incentive of the stamp duty holiday to tempt them. …
The number of homes in England and Wales which have been bought, refurbished and sold on again within a short period of time has hit a 12-year high. Despite the pandemic, which forced the property market to close its doors for several weeks earlier this year, one in every 40 homes sold was bought and …
The housing market mini-boom shows no signs of slowing. Despite the ongoing pandemic and increasingly gloomy news coming out of the high street, Nationwide Building Society reports that property prices are rising at their fastest rate in nearly six years. The annual rate of growth was 6.5 per cent in November, a month not commonly …
The mini-boom in the housing market since the first national lockdown lifted – fuelled by pent-up demand, a need for more space and the stamp duty holiday – is encouraging for an economy which has been shattered by the pandemic. But while demand for mortgages, valuations, conveyancing and removals has soared, it has inevitably created …
A growing number of property investors and landlords are realising that they can use a bridging loan to quickly upgrade their investment assets before selling it on at a higher price or retaining the property and benefitting from increased rental income. As the difficulties associated with being a landlord continue to increase- with rising costs …
