With immediate effect, the society has limited lending to 80% LTV across its range of residential mortgage products and imposed restrictions on all new buy-to-let business.
Now brokers face a period of unexpected uncertainty, but within this there will be nuggets of opportunity for those willing and able to take a proactive approach.
Most of us working in the property finance sector will have been very happy to learn that consumer confidence is running at a 10-year high.
Allow me to start with a question. When you put money away into your savings account, is it because you’re hoping to build up interest on the balance?
Specifically looking at the buy-to-let market in 2019, gross mortgage lending was actually slightly down on 2018.
Climate change is one of the most hotly spoken about topics in recent years, and for good reason.
It is not news that the specialist lending market has seen a boom over recent years.
Although the overall outlook for UK real estate looks bright, investors still need to carefully assess opportunities.
There are positive signs that confidence is returning to the property market.