Chinese investors are typically interested in property in London, Manchester and Liverpool, while many appear to favour new builds.
5-year fixed rate offers for 65% and 75% loan-to-value are all down year-on-year. Savings for each of these mortgages respectively were £24 and £15 per month.
Marsden Building Society has added new products across it’s expat, older borrower, retirement interest-only and residential ranges including a 5-year fixed expat buy-to-let product.
Some 80% of investors said they plan to increase their portfolios in 2019, while 20% said they are not making any changes to their portfolio in 2019.
For its residential range the a near prime maximum loan limit increased from £500,00 to £1m for all ranges. Loans over £500,000 will be subject to maximum LTV of 80%. Interest-only asset-backed loans are now available for property values of £500,000 and a minimum loan of £50,000.
The estate agent said there were 1,263 house sales in December, an increase of 18.4% year-on-year and 13.9% from the month before.
This is the lowest figure recorded since December 2017, when the number of tenants experiencing rent rises was 16%.
There’s a 5-year fix at 2.75% (4.8%APR), a reduction of 0.30% on its current rate, available at a maximum LTV of 75% with 10% overpayments per annum.
Ladder, will deal with residential, buy-to-let, limited company buy-to-let, as well as product switching, is being marketed as a ‘hybrid broker’, combining traditional expertise with new technology.