All the latest news about property funding in the UK. Bringing updates about commercial mortgages, buy to let mortgages and property development finance; mostly directly sourced from the industry press.
The mandatory licensing of some Houses in Multiple Occupation (HMO’s) came in to force 18 months ago, however there is still some confusion over the different definitions of a HMO. The maximum fine for non-compliance with the law is a fine of up to £20,000, which means that it is imperative that landlords are made …
Despite a few recent hiccups the UK economy is strong and in particular the UK property market generating excellent returns for investors. The UK property market is not only attractive to overseas institutional investors like banks, but also to individuals. There are three distinct types of foreign investor we can consider; foreign UK residents, ex-pats …
Some confusion exists as to what a buy to let commercial mortgage actually is. Some brokers and lenders used to regard residential buy to let mortgages as commercial propositions, leading to a mindset that all buy to let mortgages were commercial in their nature. With more property investors eager to include commercial property in their …
Home Information Pack (HIP) providers have joined forces to offer home sellers a deferred payment scheme. The idea behind the scheme is that vendors enter into a 10 month deal where they only pay for theHIPs they request once the sale of the subject property has completed. HIP Payment Services are behind the scheme and …
Through the day we get updates and press releases from property finance publications and various trade bodies. On Tuesday (18th September) The Building Societies Association (BSA) reported “unwavering consumer confidence” within the housing market. They went on to explain that their report is the first look at the public’s view on residential property purchases. Unsurprisingly …
A fast commercial mortgage is easy to get but be prepared to pay a little extra. Competition among financial organisations and banks is the main factor that in recent times has led to commercial mortgages becoming much easier to obtain. Difficulties traditionally associated with a poor credit history once meant that an application for a commercial mortgage might well …