UK

Editor’s note: Many questions left unanswered

Last month’s autumn Budget proved slightly more fruitful for the mortgage and housing industries than spring’s ‘damp squib’ but despite Philip Hammond declaring that “we can’t resolve the productivity challenge or deliver the high standard of living the British people deserve without fixing our housing market”, there was still plenty left to be desired. While […]

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Bank of England keeps rates on hold

The Bank of England’s monetary policy committee has voted to keep interest rates on hold at 0.75 per cent. Most economist and housing analysts were not predicting any rise, following the decision to raise interest rates by 0.25 per cent in July. Santander chief economist Frances Haque says: “The decision to hold rates was widely […]

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Accord boosts cashback offer on higher value loans

Accord has improved its first-time buyer offers by boosting the cashback available on its 90 and 95 per cent LTV deals. Borrowers with just a 5 or 10 per cent deposit will now be able to get £1,000 cashback. This mortgage range isn’t  just available to first-time buyers, it is also available for those moving […]

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Roma Finance expands into Scotland

Bridging and development lender Roma Finance has expanded into Scotland. Its Scottish operation will be headed by bridging specialist George Tuffin. Roma has recently doubled its sales and underwriting teams and has said it will be looking to recruit further sales staff to support its expansion north of the border. Roma offers a range of […]

Houses, house, property, monopoly

Stafford Railway BS joins TMA Club panel

TMA Club has added Stafford Railway Building Society to its lender panel. This will give TMA’s members access to the building society’s range of residential, buy-to-let and specialist mortgages. This includes options for non-traditional lending, including mortgage for those in retirement, self-builders and those with more complex income requirements. Stafford Railway Building Society does not […]

City house prices rise by 3.2%: Hometrack

  House prices in UK cities continued to rise in September, although the pace of growth appears to be slowing. Latest figures from Hometrack show that house price inflation in urban areas rose by 3.2 per cent in September, this is down from 3.8 per cent a year ago. However, this average masks considerable regional […]

Force developers to build less “homogenous” homes: Letwin

The government should adopt a new set of planning rules to speed up building in areas of high demand, and to force developers to provide more varied housing options, an influential report has concluded. Former minister Sir Oliver Letwin was asked to conduct an independent review of build out rates in last year’s Budget. He […]

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Landlords to benefit from raised income tax thresholds

Raised income tax thresholds could allow some landlords to borrow more, according to mortgage experts. They welcomed the chancellor’s announcement in the Autumn Budget that the higher rate income tax threshold will be raised to £50,000 in April 2019, a year earlier than planned. Specialist buy-to-let broker Commercial Trust says this was “positive news” for […]