Global house prices slowing down
House price growth has fallen across Prime cities, dropping from 10.0%% in the first quarter of 2022 to 7.5% in Q2, as the post-pandemic surge begins to run out of steam.
Investment Mortgages & Property Finance News
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Hampshire Trust Bank increases max buy-to-let loan size to £25m
Hampshire Trust Bank has increased its maximum loan amount from £15 million to £25 million, effectively opening up the lender’s products to more wealthy individuals.
Monthly mortgage costs climb considerably in 2022
Rising interest rates mean UK homebuyers have seen a £71.50 increase in the monthly cost of their mortgage so far in 2022 alone, analysis from Revolution Brokers has found.
Loosening Bank of England stress tests “poor timing”
The Bank of England’s decision to scrap its mortgage stress test has been branded “poor timing” as the Bank steadily increases the base rate.
House price growth surges to 11%
Yearly house price growth rose to 11% in the year to July, bringing typical prices up to £271,209.
Zoopla: Fears of a market crash are unfounded
Zoopla has called fears of a market crash and double-digit house price falls “unwarranted”.
Report reveals number of private rentals being converted into Airbnbs
The trend of landlords evicting private renters and turning their properties into more lucrative Airbnbs is having a drastic effect on the market, a report by Scarborough council has found.
Lender worried about automated property valuations
While there’s been a rise in computer modelled property valuations a lender has insisted that human input from a qualified chartered surveyor remains vital.
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Investors scammed by sham property schemes in Manchester
Overseas buyers are being targeted by fake developments where the operator has no intention of finishing the project, as law firm Primas Law uncovered four in Manchester and one in Blackpool.
Buy2Let Investment News - Investment Mortgages & Property Finance News - Land & New Homes Investment News
Landlord prosecuted for leaving tenant homeless during the pandemic
A rogue landlord has been jailed after illegally evicting his tenant and former friend during the pandemic.
