Specialist lender expands into Northern Ireland
Mercantile Trust has is now offering its bridging proposition in Northern Ireland.
Investment Mortgages & Property Finance News
Whether you are an existing landlord or want to Buy-to-let, whether you are a property developer or looking for your first investment project – the latest investment mortgages & property finance news and stories from around the UK brought to you by Property Investor Post are an essential daily read.
Energy bills to rise by 80% in October
In October the energy price cap will rise by 80% from £1,971 to £3,549 – a fresh blow to those struggling with the rising cost of living.
Zoopla: House price growth at 8.3% as higher incomes less affected by rising costs
UK house price growth remained at a high level in July, rising by 8.3% year-on-year, Zoopla’s house price index has found.
Tenants keen to include utilities in the rent
‘Bills included’ has become the most popular renter search term as a result of the spiralling cost of bills, Chestertons research has revealed.
A quarter of homebuyers not even asked for ID
Some 23% of homebuyers aren’t even being asked to provide a piece of ID when buying a property, let alone having their ID properly verified, research from Credas Technologies has revealed.
Haringey expands licensing scheme to improve ERCs
Haringey Council has introduced a selective licensing scheme, meaning landlords who let their properties in the east of the borough to a single family or two unrelated sharers will now be required to obtain a licence from the council.
More landlords insurance claims during the pandemic
More property investors claimed against their tenants during the pandemic, with malicious tenant damage being the most common reason, analysis from Total Landlord Insurance has revealed.
Average two-year fixed mortgage surpasses 4%
Mortgages fixed for two years now average a rate above 4% thanks to successive base rate rises by the Bank of England.
Manchester and Liverpool are yield hotspots
The Manchester postcode M14 is currently returning the best yields for landlords in the UK, at a huge 9.6%, Rightmove analysis shows.
Higher barrier to entry – first-time buyer deposits climb by 41% in 10 years
First-time buyers have seen the initial cost of a mortgage deposit climb by 41% in the last decade after adjusting for inflation, meaning they now require over £10,000 more to secure their first foot on the ladder, analysis from agents Barrows and Forrester shows.
