Category: Mortgages

Base rate rise may prompt borrowers to fix commercial rates

Following the rise in the Bank of England interest rate to 0.75% at the beginning of August 2018, many commercial mortgage borrowers are looking at fixing their mortgage interest rates.

FBI investigates commercial mortgage fraud

The FBI in the United States is working on a mortgage fraud investigation focusing on the falsification of income from commercial properties.

New energy efficiency rules affect pension funds

The Minimum Energy Efficiency Standard (MEES) rules were introduced in April 2018 and require most buildings to have an Energy Performance Certificate (EPC) of between A and E.

Buy to let mortgage activity to stabilise

New research by Paragon has revealed that 65% of mortgage intermediaries expect the level of buy to let business to become stable during the next 12 months.

Scottish commercial property investment increases 86%

In the first half of 2018, investment in Scottish commercial property increased by a record 86%.

Buy to let landlords are considering short term lets

Airbnb and similar agencies have made an impact on the travel market by making it easier for tenants and landlords to arrange short term lets. Landlords faced with increased costs because of tax increases are looking to diversify into more profitable markets and are attracted to the short term let sector. Buy to let commercial...

The commercial property market healthy according to TR Property

Marcus Phayre-Mudge At the TR Property Investment Trust AGM said that the commercial property market is in good health. This is reflected in the profits of the trust whose net asset value returned 14% and its share price rose 27%. Thought 62% of the trust’s profits came from their European property investments, their UK portfolio...

HMO property specialist valuations

An HMO is more difficult to value than other property, so needs a valuer who has specialist knowledge of HMOs.

Increase in house prices and landlords selling up

The Royal Institute of Chartered Surveyor’s (RICS) house price index published in August 2018 revealed that house prices in the UK rose

Savills sees drop in commercial property transactions

Real estate company Savills has reported that it has experienced a drop in commercial property transactions in the first half of 2018.