Direct Property News

October 21, 2016

Landbay launches new range of lending products for professional landlords

Peer to pear lending platform Landbay which specialises in buy to let mortgages has launched a new range of limited edition lending products aimed primarily at professional landlords. The new tracker products have a competitive rate, no Early Redemption Charges (ERCs) and will be available exclusively via Landbay’s approved broker partners, in addition to the existing suite of both Fixed and Tracker rate products.
October 24, 2016

All You Need To Know About Fixed Income Bonds

What are Investment bonds? Unless you are a seasoned investor, you may not know what investment bonds are and how they can earn you money compared to other types of investments. Firstly, we must define bonds: they are basically IOUs (informal documents that acknowledges a debt owed) emitted by companies and governments to make their capital increase. In this way, investors buy this debt and, in exchange, the company pays an interest–also known as a coupon, fixed income or fixed interest asset–at predetermined intervals (usually annually or bi-annually) and returns back the original investment amount on the expiration date, ending the loan.
October 24, 2016

More property rentals than sales for first time since 1930s

As first-time buyers continue to struggle to get onto the housing ladder, forecasts suggest that 2017 might be the first year in eight decades where property rentals will outstrip property sales. With the cooldown after the Brexit vote, the lack in supply and the increase in prices, activity in buying property has experienced a slow dip as of recent, the UK’s largest estate agent, Countrywide, has revealed. Johnny Morris, research director at Countrywide, said: “As some would-be buyers and sellers sit on their hands, Brexit-induced uncertainty has continued to boost the rental market … September saw record activity, with increasing numbers of lets agreed and tenants choosing to renew their contracts. On current trends 2017 could […]
October 25, 2016

Investment returns to UK buy to let market after stamp duty change

Buy to let landlords and new investors are returning to the UK market after stamp duty change earlier this year with enquiries up 30% since May, the latest data shows. The tracker report from Rightmove describes it as ‘a substantial’ boost to the buy to let market following a short term dip when the 3% stamp duty surcharge on additional homes was introduced in April 2016.
October 26, 2016

Post Brexit, the UK property market is picking up nationwide

The residential property market in the UK is beginning to pick up nationwide for the first time since February with prices and buyer demand both up, the latest index report shows. The data from the Royal Institution of Chartered Surveyors (RICS) also says that market confidence continues to improve following some jitters just after the European Union referendum but Brexit is not having a major impact. Some 8% more chartered surveyors reported an increase in buyer enquiries in September, a significant turnaround in new buyer enquiries compared to June when a net balance of 34% of respondents reported a drop.
October 27, 2016

Property prices forecast to rise £44,000 over five years

The price for an average property in the UK is set to increase by £44,000 over the next five years, despite any warnings “Project Fear” had spread pre-Brexit. The average British property will gain some extra value every year until 2021, when it will be worth around £254,000, the Centre for Economics and Business Research (Cebr) has revealed. The think-tank explained that activity is very likely to slow down slightly next year, but also said that this had already been dampened slightly due to the stamp duty hike for buy-to-let investors. These forecasts are quite the opposite of ex-Chancellor Osborne’s rather negative assessment of the property future during the referendum campaign earlier this year. At the […]