Category: News

The price of the average property OneFamily lends on is now 59% higher than average, at £370,483 versus a nationwide price of £232,554.

A quarter of these couples have moved back in to the family home to save money for a house deposit.

The lender’s 5-year Help to Buy shared equity remortgage to 75% LTV will jump from 3.59% to 4.63% with no product fee and £500 cashback.

Additional properties, for which stamp duty land tax is payable at the standard rate plus 3%, have seen a fall of 11% (7,400) compared to the same period in 2017.

This was driven by declines in infrastructure and public new housing, which fell by 3.7% and 8.1% respectively. The main factor offsetting these declines was a growth in private new housing, which grew by 2.4%.

A lending platform called Pitch 4 Finance has launched for SMEs, finding lenders that are able to meet the individual funding requirements of business owners and entrepreneurs.

This allows it to hold and manage regulated affordable housing assets and it can now significantly accelerate its business plan of developing, holding and managing a blend of affordable housing tenures where the regulated status is required.

The value of outstanding mortgage balances with some arrears increased for the first time since 2016 Q2, Bank of England’s Mortgage Lenders and Administrators Statistics show.

L&G expands Build to Rent team

Legal & General has expanded its Build To Rent team, hiring three people across construction and planning, surveying and asset management.

Hanley Economic Building Society has launched a 2-year residential fixed rate deal at 65% LTV with a rate of 1.58%, available for house purchase and remortgage.