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.
Estate agents, mortgage brokers, and solicitors are all well aware of Home Information Packs (HIPs). But how many consumers are aware of what’s install for them when the new regulations come into force on the 1st June 2007. The original intention behind the introduction of Home Information Packs was to speed up transactions within the …
Some people regard 100% property development finance as the holy grail of property funding. So it is not surprising that it is one of the most often requested types of loan. We should say right at the outset that 100% development finance is possible, however there are several important criteria that a lender will look …
The UK secured loan market has grown rapidly over the last 10 years, according to figures from Datamonitor the market is now worth around £6 billion. Any market this size is bound to attract its share of suspect operators and the UK secured loan market is no different. There is still very limited regulation covering …
It is estimated that of the 200,000 new homes built in the UK last year approximately 20,000 were self-build developments, this is a two-fold increase on the previous ten years. This trend is also expected to increase, perhaps following in the steps of popular tea-time TV shows. The driving force behind the self-build explosion is …
For some time the government has been trying to introduce legislation to help protect tenant’s deposits from landlords who retain money unfairly. In the past there was no central scheme specifically set up to arbitrate a dispute between a tenant and landlord where damage to the property is alleged to have occurred. Tenancy Deposit Protection …
On 6 April 2006 mandatory HMO licensing came into force across England. If you let a property which is occupied by three or more tenants, who form two or more households, and they share a bathroom, kitchen or toilet, then it is likely that you are venturing into HMO territory. The www.propertylicence.gov.uk (update 2010: site has …