News

Ex-RICS chairman – uncertain period will be short

Tue 28 Jun 2016

The UK economy will withstand the “short period” of uncertainty after the EU Referendum, former RICS chairman and north London estate agent  Jeremy Leaf has insisted. Leaf hasn’t seen a surge in letting as opposed to buying while he hoped that buyers and sellers will pause rather than withdraw their transactions altogether. He said: “Although […]


MPC expected to cut interest rates in August

Tue 28 Jun 2016

The Monetary Policy Committee will cut interest rates in August to protect the UK economy from sliding into a recession according to Bank of America Merrill Lynch (BAML) and Goldman Sachs. BAML predicted interest rates being reduced from 0.50% to 0% next month, while Goldman Sachs expected a 0.25% cut. Robert Wood and Gilles Moec, […]


TMW slashes buy-to-let rates

Tue 28 Jun 2016

The Mortgage Works slashed its mortgage rates – with 2-year fixed rates up to 75% loan-to-value being reduced by up to 0.70%. Products now include 75% LTV 2-year fixes at 2.09% with a 2.50% arrangement fee and 2.99% with no fee, and 65% LTV 5-year fixes at 2.99% with a £995 fee. On Friday Prime […]


LendInvest receives highest credit rating

Mon 27 Jun 2016

LendInvest has received the highest possible credit rating from European agency ABC Ratings for the second consecutive year. The rating is based on corporate governance, internal controls, due diligence, data disaster mitigation, management’s experience and the financial health of the company. ARC Ratings said in a statement: “Over the past 12 months, LendInvest have turned […]


Renters to gain more protection post Brexit

Mon 27 Jun 2016

Private renters need more protection from unexpected rent hikes after the UK voted to leave the European Union, the policy manager of the Generation Rent charity has said. Dan Wilson Craw said the Brexit vote has made things uncertain for people – meaning they require more security. After the UK voted for a Brexit Prime […]


Sealey: Act now or lose market stability

Mon 27 Jun 2016

The government needs to act now to reassure the market or risk losing the sectors stability, Jonathan Sealey of Hope Capital has warned. The Hope Capital CEO said that whilst short-term volatility was a certainty it could be mitigated. He said: “The Brexit vote will inevitably create short-term volatility and uneasiness in the market and it is […]


ASTL: Protest vote could see house prices stall

Fri 24 Jun 2016

The decision to quit the EU will lead to a prolonged period of uncertainty and may well help the top end of the property market but mainstream prices may be stunted, according to Association of Short Term Lenders CEO Benson Hersch. He pointed to the improved exchange rates for foreign nationals looking to inject money in to […]


Scotland prepares for second independence referendum

Fri 24 Jun 2016

Scotland is preparing for a second independence referendum after the United Kingdom voted to leave the European Union. In Scotland 62% voted to stay in the EU but it was outvoted by much of England outside London. Nicola Sturgeon, leader of the Scottish National Party, said: “We will begin to prepare the legislation that would […]


Prime Central London will see activity surge

Fri 24 Jun 2016

Prime Central London will experience a surge of activity as the value of sterling falls, London Central Portfolio letting agents have predicted. The value of sterling has fallen to the lowest level against the dollar since 1985 after the UK voted to leave the European Union and David Cameron announced his resignation. Naomi Heaton, chief […]


FCA: Regulation to remain unchanged following Brexit

Fri 24 Jun 2016

The Financial Conduct Authority has said that regulation around the mortgage market and the wider financial sector will remain unchanged following the EU Referendum. Much of the UK’s regulation is derived from EU legislation – including the Mortgage Credit Directive. And the regulator warned that firms must maintain their commitments under those regulations moving forward. […]