Property market turns positive for first time in two years Property House prices significantly outperformed analyst expectations after the Bank of England cut its base interest rate, data from a closely watched survey from the Royal Institute of Chartered Surveyors (RICS) showed. The survey found that the UK house price balance, which measures the difference between the percentage of survey respondents reporting rising house prices and [...]
Paragon Bank confirms targets with business running ‘ahead of expectations’ Banking FTSE 250-listed Paragon Bank said new business levels were running “ahead of expectations” as the lender remained on track for its full year targets. Paragon, based in Solihull in the West Midlands, is a major provider of loans to professional landlords with at least four properties. It also lends to medium-sized housebuilders seeking loans up to £35m. [...]
Buy-to-let specialist Onesavings Bank sees uptick in lending after bruising 2023 Banking OneSavings Bank (OSB) has posted an uptick in lending and deposits for the first three months of this year as it looks to rebound from a bruising 2023.
Lendinvest: Property fintech ‘cautiously optimistic’ for return to profitability in 2025 April 18, 2024 Property fintech LendInvest has said it expects to report full-year results in line with market expectations and is "cautiously optimistic" for a return to profitability in 2025, as the mortgage market rebounds.
Buy-to-let repossessions jump 56 per cent as higher interest rates bite April 3, 2024 The buy-to-let market has been hammered by higher interest rates with lending plummeting and arrears rising, according to new data released by UK Finance.
Why the ‘mood music’ surrounding the housing market outside London has changed February 27, 2024 An influx of new residents into Manchester, Birmingham, Leeds, Bristol, Edinburgh and Glasgow helped the housing market remain resilient during 2023, according to a new report.
Outlook for London tenants improves (slightly) as rents stabilise after period of rapid growth February 16, 2024 The rental market in London appears to have peaked, with price growth steady month on month, according to new government figures.
Starling Bank makes first acquisition in bid to expand lending July 26, 2021 British digital lender Starling Bank has struck a £50m deal for specialist buy-to-let mortgage lender Fleet Mortgages, in the first of an expected series of deals to drive growth. Starling, which last week said it was eyeing an IPO over the next two years, has finalised the cash and share deal for Hampshire-based Fleet Mortgages, for [...]
The tenant fee ban is good news for landlords May 28, 2019 From 1 June, it will be illegal for tenants in England to be charged letting fees, with deposits capped at six weeks’ rent. Anyone who rents their home will see the benefits in the tenant fee ban, with tenants expected to save an average of £400 per move. More importantly, this policy marks the beginning [...]
The next Northern Rock? Metro Bank has had a troubled week May 24, 2019 Could Metro Bank be the next Northern Rock? That’s not a question that any banker wants to hear, but in this case, some self-reflection seems necessary for the young bank. This last week has been nothing if not turbulent for Metro, the UK’s most shorted stock, with conspiracies circulating that it had fallen on hard [...]