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 …
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 …
