One in five London homes sold for £1m-plus in 2023

By: ameer@trustedteam.com

A fifth of all homes sold so far this year across the capital have done so for £1m or more, by far the largest proportion when compared to other...

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Barratt points to tough times as homebuyers stretched

By: ameer@trustedteam.com

The UK’s largest housebuilder Barratt Developments has warned of a tough environment, with potential homebuyers still struggling to secure an affordable mortgage. With home reservations taking longer, Barratt saw forward...

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Keystone Property Finance launches two-year tracker mortgages

By: ameer@trustedteam.com

Buy-to-let lender Keystone Property Finance has launched a new range of two-year tracker mortgages with a “switch and fix” facility. ...

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YBS launches £1m-plus BTL commercial product, reduces rates by 20bps   

By: ameer@trustedteam.com

YBS Commercial Mortgages has launched a buy-to-let product for corporate clients borrowing more than £1m, and cut BTL rates by 20 basis points for business landlords.     ...

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Market Financial Solutions joins Dynamo lending panel  

By: ameer@trustedteam.com

Dynamo for Intermediaries has added Market Financial Solutions to its lender panel.   ...

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Average UK home equity stands at £111k, data reveals

By: ameer@trustedteam.com

The average UK property owner is sitting on a home equity of £111,081, according to new data from St Mowden Homes. The data, based on those who purchased in 2020,...

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Why banks remain confident in senior housing loans as staffing, interest costs rise

By: ameer@trustedteam.com

Occupancy rates at senior housing properties are continuing to recover from the hit they took during the pandemic. Bankers point to demographic trends as a source of long-term opportunity.Adobe...

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Real estate brokers pocketing up to 6% in fees draw antitrust scrutiny

By: ameer@trustedteam.com

The lucrative broker commission system at the heart of the residential housing market is facing unprecedented antitrust scrutiny from the Justice Department and two private class-action lawsuits that risk...

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DOJ eyes real estate broker commissions, NAR under scrutiny

By: ameer@trustedteam.com

DOJ’s concern over housing affordability and commission rates For the mortgage sector, the spotlight on commission rates comes at a time when the housing market is already grappling with low...

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Maclean appointed to senior role at Rics

By: ameer@trustedteam.com

Nick Maclean has been elected the next Rics senior vice president (SVP). From the beginning of January 2024 he will join the current president elect, Tina Paillet and current senior...

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