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 …
As widely expected, over the weekend the government announced that another, month-long lockdown across England will come into effect this Thursday. This lockdown is very different from the one in the spring – then, the property market was frozen for six weeks as it was forced to close completely, with viewings and surveys cancelled, and …
The good news for the housing market is ongoing, with the latest transaction numbers from HMRC revealing that it continues to bounce back from national lockdown. An uptick in transactions across the market in September clearly illustrates the positive impact of the Chancellor’s stamp duty initiatives, as well as continued confidence demonstrated by homeowners and …
The latest data from Bridging Trends has revealed a 46 per cent increase in bridging loan volume in the third quarter of the year, as Covid-19 lockdown restrictions eased. Contributor lending transactions totalled £115.52 million in the third quarter of 2020 and although lending figures were 36 percent below the pre Covid-19 levels of £180.94 …
As we move into the final quarter of the year, the challenges facing us all are as great as ever. Despite the government’s U-turn on workers returning to the office, we decided to keep the MT Finance London office open as we felt it was right for the business. It creates a positive environment for …
There was more good news for the housing market this week with hugely positive figures released by Nationwide Building Society. The lender revealed that house prices hit a 16-year high in August, bouncing back from falls earlier this year. Prices rose by 2 per cent in August compared to the previous month, underlining the rapid …
The latest figures from Bridging Trends reveal a 45% fall in gross bridging loan volumes in the first half of the year, as activity is dented by the Covid-19 lockdown. In the six months to the end of June 2020, bridging loan volumes declined by £167.88 million- to £202.26 million, compared to £370.14 million of …
With many estate agents reporting a record number of enquiries in June and July, It is not surprising that house prices have bounced back significantly as lockdown continues to ease. Nationwide Building Society reported a 1.7 per cent increase in prices in July compared with a 1.5 per cent drop in June, while Halifax recorded …
