All the latest news about property funding in the UK. Bringing updates about commercial mortgages, buy to let mortgages and property development finance; mostly directly sourced from the industry press.
The summer is typically a quiet time for property transactions and property funding news generally. Brexit never far from people’s minds with close attention being paid to interest rates and property transactions. Countrywide rescue agreed Countrywide has raised £140m from shareholders following approval for the purchase of new shares. The breakdown of how the money …
The Nationwide Building Society is among a growing number of lenders slashing its interest-only maximum loan to value for residential lending. In March the mainstream lender reduced its maximum LTV for interest only loans from 75% to 50%. Martyn Dyson, head of mortgages at Nationwide, says: “A number of major lenders have recently restricted their …
There is a long standing debate within the residential mortgage market around the viability of interest only mortgages. The Financial Services Authority (FSA) have made no secret of their distrust of lenders who rely on interest only lending. However, some consider that this is a consumer driven product and it is quite likely that most …
According to figures just released the number of Buy to Let mortgages being approved has increased.
Over the last few weeks there has been the usual flurry of reports about the state of the property market in England. Here’s a quick round up of the land registry’s take compared with the Nationwide and Halifax reports. Land registry index Apparently London was the only area to see property values increase last year, …
A quick round up of business finance news. A recent survey of 1,000 SME’s by HSBC Commercial bank has established that more than eight out of ten small business owners think that their businesses will grow over the next 12 months. Whilst raising business finance remains challenging around 14% of businesses that responded to the …