Halifax, HSBC, NatWest and Virgin Money have all updated their lending policies. They are changing their mortgage rates. Virgin Money has increased mortgage rates by up to 0.49% on 2, 3, and 5-year fixes to 90% LTV with a £995 fee, while there also increased to its 7-year and 10-year fixes. NatWest is also making…
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UK residential property transactions in April hit their lowest monthly level since comparable records began in 2005, new figures showed on Thursday. There were 38,060 transactions in April, according to provisional numbers from HM Revenue and Customs (HMRC). This was less than half the level seen in the same month last year, the BBC reported….
Average UK Rental Yield observes a marginal decline compared to pre-pandemic levels. It currently sits at 3.5%, a marginal decline from the 3.6% registered prior to the COVID-19 pandemic. According to research by lettings management platform Howsy: Although the current market is facing obstacles, there are still buy-to-let (BTL) pockets providing strong returns for landlords….
No one can predict what will happen to the housing sector after the lockdown. The house prices will rise or not after the lockdown? Since March 27, when the government announced to pause property deals, many buyers and sellers have been left stranded. Mortgage lenders have withdrawn products from the market. The listing, valuing and…