M&S Bank announce new FTB focused products

M&S Bank has announced that it has extended its maximum loan to value to 95% on three new products – a two and five-year fixed rate mortgage and two-year tracker mortgage. The lender has also increased its maximum mortgage term to 35 years, across both its first time buyer and home mover products. To further support first time buyers, M&S Bank offers £1,000 cashback exclusively for those purchasing their first home, plus a free valuation. In addition, it enables up to four borrowers…

Who are the winners and losers in UK property since the referendum?

The latest UK HPI release of property price data for June provided the first concrete look how the UK market has performed on the two-year anniversary of our decision to leave the EU. With the headlines showing house price growth is at a five year low across the UK, Emoov.co.uk, has crunched the numbers to see where has suffered and where has shrugged off the wider market slowdown to enjoy strong price growth. The UK Across the UK, prices are up 7.3%…

Average home equity of over 55s stands at £290k

New research from Sunlife has revealed that on average, people aged 55 and over who own their own home have houses worth £290,659. According to the figures, most have had their homes for more than 20 years, with the average home bought in 1994 – back then, the average home was worth £51,633 which means an increase in value of a whopping £239,026. The vast majority – 82% – own their homes outright, while those who do have an outstanding mortgage only have…

Three-year tenancies slammed by UK letting agent

According to a recent report in The Sun, a formal decision will be given next week with regard to new laws around three-year tenancies with Community Secretary, James Brokenshire, backing the calls to make these longer terms mandatory to offer greater security to those stuck in Britain’s rental market. The news comes a year after ‘indefinite’ tenancies were introduced in Scotland but have not been warmly received by the nation’s buy-to-let landlords who feel this is yet another attack on a sector that is…

Turf wars: Garden disputes top the list of the most annoying things you can do as a neighbour

Living with neighbours is not without its problems, and with 3,270 neighbour disputes relating to gardens in 2017 alone (and 19,749 between 2012-2018), it seems that us Brits just can’t get along when it comes to our green space. New research by outdoor building manufacturer, Tiger Sheds, can reveal the neighbourly garden/green space habits that the nation has found most annoying this summer. 1. Having an untidy garden that makes the area look unsightly (17%)2. Having loud parties/BBQs (16%)3. Playing loud music (16%)4.…

Leeds refreshes 2 year BTL tracker range

Leeds BS has announced that it has refreshed its range of two-year buy-to-let tracker products amid rumours that the next BBR rate is at least a year away. The lender, which believes there is “still a place for tracker mortgages”, announced new rates starting at 1.29% up to 60% LTV and 1.46% up to 70% LTV. All products come with a free standard valuation and fees assisted legal services for standard remortgages. Jaedon Green, Leeds Building Society’s director of product and distribution,…

Agents Giving celebrates another year of fundraising in the industry

Agents Giving is celebrating another year of fantastic fundraising efforts in the industry with its Fundraising Champion Awards 2018. The awards will take place at the Agents Giving Charity Ball, supported by The Tennant Shop on Friday 7th December at The Marriott Grosvenor Square Hotel London. The 2018 awards will recognise some very special fundraising stories, personal challenges and all the great charity and community work carried out by the industry over the last year, all with one thing in common; to raise…

Brits look beyond the Eurozone for holiday homes post referendum

Newly released data has suggested that Britain’s love affair with European property may be cooling, as those buying a home in the sun are increasingly looking beyond the Eurozone. According to the data from Fexco Corporate Payments, Britons spent 60% more in sterling terms on foreign property outside the Eurozone in the first half of the year compared with the same period in 2016. The analysis, of more than 1000 property transactions made by UK customers through Fexco Corporate Payments*, suggests Britons are…

Remortgage products unlocked for HTB borrowers at Tesco Bank

Tesco Bank has announced that it has opened its full range of remortgage products to customers who are on the Help to Buy scheme. Help to Buy borrowers now also have access to the bank’s new range of cashback remortgage products, including the £1,000 cashback range and capital raising of up to 95%. Remortgage customers can benefit from cashback of £250 or £1,000, or a free standard conveyancing service, on a range of two and five-year fixed rate remortgage products. Julian Hartley,…

Just how good are buy-to-let investments?

It’s easy to doubt the property market at the moment. Annual growth is currently at its lowest levels in five years. London, arguably the main driving force of the UK property market, is seriously underperforming and the never ending threat of the unknown in the form of Brexit are all playing their part. However, property investors might want to think twice as new research reveals average UK prices over any five-year period in the past half-century would have resulted in a buy to let…