The Bank of England has raised interest rates for the fifth time in as many meetings as it tries to get a handle on soaring inflation. The Monetary Policy Committee voted in favour of increasing the Bank Rate but while six members wanted a rise of 25 basis points to 1.25 per cent, three members …
Soaring property prices have largely been down to lack of supply, combined with pent-up demand. Buyers, encouraged by the experience of living through lockdowns and now adapting to hybrid working patterns, have been on the hunt for bigger properties with more space both inside and out. Meanwhile, stock has not kept up with demand, with …
It’s been quite the year for the housing market, with a frenzy of activity that has prevailed despite the headwind of a global pandemic. One in 16 homes will have changed hands by the end of December, according to property portal Zoopla, with 1.5 million transactions taking place this year. It means that 2021 will …
Figures from Bridging Trends confirms the UK bridging loan market is bouncing back, with Bridging Trends contributors reporting a total of £190.24m in bridging loans transacted in Q3 2021, a significant jump from the £146.52m the previous quarter and an annual percentage increase of 65% (Q3 2020 £115.52m). This surge is attributed to strong housing …
As summer comes to an end, the children go back to school and many workers return to the office, one thing that hasn’t changed is the upwards trajectory of house prices. Despite the stamp duty holiday tapering from the end of June and ending on 30 September, indications are that while house-price growth is finally …
Funding the purchase of an investment property returned as the most popular use for bridging finance in the second quarter, at 24 per cent of all contributor transactions – up from 19 per cent in Q1. The latest figures from Bridging Trends contributors highlight how property investors and landlords took advantage of tenant demand and …
As Freedom Day dawned earlier this week, there is little doubt that businesses are desperate to return to profitability after 18 months of closure and restrictions. With most legal coronavirus restrictions in England ending at one minute past midnight on 19 July, we are being encouraged to return to ‘normal’ as the Office for National …
Foreign holidays are off the cards for most of us this summer as the prospect of pricey testing and quarantine when we get home proves to be a significant deterrent. And with yet another staycation summer on the cards, demand for holiday lets has soared in traditional locations such as the Cotswolds and Cornwall but …
MT Finance is dedicated to driving positive change. And as part of our pledge to contribute to a sustainable future, we are giving £250 credit to all our borrowers who achieve an energy performance rating of A or B, at any time during the term of their loan. The incentive is designed to encourage borrowers …
Buyers have until the end the end of this month to complete on their property purchases if they wish to benefit from the stamp duty holiday in full after the government ruled out calls to amend it. A petition, which had been signed by 13,500 people, tried to get the holiday amended so that buyers …
