February / March 2017 Property Investor´s Factfile The Property Investor Blog´s monthly factfile presents broad range of data including national / London house prices, the latest buy to let Limited Company (SPV) loan rates, LIBOR / SWAP rates, rental data, mortgage debt figures and information on the first-time buyer sector. Using data from a range of sources (referenced on the last page of the factfile), we have outlined some relevant observations below: Between December and January, Halifax and Nationwide reported dips in estimated national house prices at 1.0% and 0.32% respectively. However, during the same period, LSL / Acadata stated an average price increase of 0.84%. Land Registry data indicated that between November and December 2016*, prices rose by 0.74%. Rightmove asking price index pointed to a 1.99% increase between January and February 2017 (although investors should be aware of the often noticeable differences between marketed and actual sold prices); … [Read More]
The second of three blog posts covering October 2016´s MIPIM UK conference – relaying some of the key takeaways from the talks and debates during the 2 ½ day event (see part one by clicking here). This post overviews some of the salient points of the panel discussions on “Lending Practices Post-Brexit” and “The Private Rented Sector (PRS)”. Lending Practices Post-Brexit A panel with Lucinda Bell (Chief Financial Officer, British Land), Bill Hughes (Head of Real Assets, L&G Investment Management), Simon Mower (Associate Director, Debt Advisory – Corporate Finance, KPMG) and John Feeney (Managing Director & Global Head of Commercial Real Estate, Lloyds Bank), moderated by David Hatcher of the Estates Gazette. The conversation started with the collective acknowledgement that, although the referendum result prompted a pause for thought, lenders remained committed to the sustainable growth of the property industry. Particularly in the … [Read More]
An interview with full time property investor and owner of ‘Keys Mortgages’ Lisa Orme discussing her history as a professional property investor; the risks of a bottoming market; whether property today is only for the cash rich; newbie investing / entering the market with low cash reserves; no money down in 2011; tips obtaining mortgage finance in a challenging market; improving your credit rating for the buy to let lenders; the FSA’s ‘Mortgage Market Review’; property options / impending regulation; the base rate rise and some advice for highly geared landlords.
An interview with Paul Howard – Head of Intermediary Sales – at The Mortgage Works (TMW), one of the UK’s leading buy to let lenders. We ask what was their reasoning on being one of the first lenders to reintroduce higher LTV ratios in the market in recent times, as well as looking into their thoughts on the short, medium and long-term; how lender behaviour has / is changing; the new Financial Policy Committee (FPC); their new build criteria; Local Housing Allowance lending and more: