Investment

Growth in new builds drives positive sentiment: RICS

Surveyors have reported increased workloads over the past three months, driven by a growth in new-build homes. This report, conducted by the Royal Institute of Chartered Surveyors, says this growth comes despite increased financial constraints in the sector, and Brexit-related uncertaintly. This construction and infrastructure survey shows 20 per cent more surveyors reported a rise […]

BTL investors target North West

The North West is becoming a target for external property investors according to new research. Data from specialist buy-to-let broker Commercial Trust shows that 62 per cent of investors buying rental property in this region did not live in the area. This compares to just 40 per cent of property investors in 2015. The data […]

Crystal launches refurb-to-let loan

Crystal Specialist Finance has launched a refurb-to-let mortgage with loan rates starting at 0.43 per cent per capita month. CSF has partnered with Shawbrook Bank to offer the product it says is intended to meet demand of investors moving into the capital growth refurbishment market. The product’s maximum loan-to-value rate is 85 per cent, up […]

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APIs will provide most transformative efficiency gains: IRESS

Lenders are investing in mortgage hub technology, application programming interfaces, and open banking functionality to increase efficiency and cut costs, according to a mortgage efficiency survey by IRESS. The financial technology business found APIs in particular are expected to provide the most transformative efficiency gains over the next three to five years. More than half […]

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Highlands rent now above Edinburgh: Your Move

The Highlands and Islands have become the most expensive place to rent in Scotland, according to Your Move Scotland’s latest rental tracker. An overall small decrease, 0.1 per cent to £572, in rent prices continues to mask large disparities between the regions within Scotland. The Highlands and Islands saw rent increase 13.3 per cent over […]

Landlord investment property values at record highs: Paragon

The average market value of landlords’ investment property reached a record high of £1.70m during the third quarter of 2018, according to Paragon’s latest PRS Trends research. The survey, based on interviews with 200 landlords, shows that average portfolio values are now 6 per cent higher than the £1.60m peak recorded ten years ago immediately […]

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SimplyBiz reports losses following IPO

SimplyBiz has reported a pre-tax loss of £1.2m for the six months to 30 June in its first set of financial results as a public company. In the same period the prior year, the business reported a £2.4m profit. The loss follows IPO costs of £3.6m after its float on the London Stock Exchange in April. However, […]