CFN Norwich

Early signs of BTL mortgage market recovery
https://bit.ly/3f4PRgg

Buy To Let mortgage market - Early signs of recovery There are glimmers of hope emerging for the Buy to Let mortgage market, following the significant initial impact of the Coronavirus pandemic.

Mixed reactions to house price index fall and lending figures
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Mixed reactions to Nationwide house price index fall and BoE mortgage lending figures The mainstream media naturally fell upon the news from Nationwide that property prices took a major hit with the onset of the Covid crisis, and an announcement from the Bank of England yesterday that mortgage lending has plummeted.

Majority of ‘could resume full payments’
https://bit.ly/2XqLSEW

Majority of borrowers 'could resume full mortgage payments' The majority of customers could afford to start making full payments on their mortgage at the end of their payment holiday, according to UK Finance.

: Demand for in England surpasses pre-lockdown levels
https://bit.ly/2ZJESVe

Zoopla: Demand for housing in England surpasses pre-lockdown levels Two weeks after the government reopened the property market, demand for housing in England has exceeded levels recorded at the start of March, according to the latest UK Cities House Price Index by Zoopla.

set to be able to extend payment holidays
https://www.uk-commercialfinance.co.uk/homeowners-set-to-be-able-to-extend-mortgage-payment-holidays/

Homeowners set to be able to extend mortgage payment holidays Those struggling to pay their mortgage due to coronavirus are set to be able to extend their payment holidays for three more months, or start making reduced payments, in proposals published today.

Uneven rise in stock as market restarts
https://bit.ly/2AOWK6N

Uneven rise in rental stock as housing market restarts The number of rental properties reaching the market has increased 5 per cent on average since the government announced the restart of the housing market last week but not all areas have fared the same, according to property management platform Howsy.

Ringley: Now is the time to invest in
https://bit.ly/2TAZknB

Ringley: Now is the time to invest in BTL properties Rental housing is likely to prove more resilient during this downturn than other real estate sectors, and landlords should therefore use this opportunity to invest in buy-to-let (BTL) properties, according to residential property consultancy Ringley Group.

set to reopen as rules eased for home buyers and sellers
https://bit.ly/2LsK3Ax

Property market set to reopen as lockdown rules eased for home buyers and sellers The property market has been given the green light to reopen after the Government announced it would lift the ban on property viewings and valuations taking place.

Advance bookings for viewings up 182% in 4 weeks
https://bit.ly/2WSfpGh

Advance bookings for viewings up 182% in 4 weeks An industry group of leading property software businesses, formed by Coadjute, suggests that the UK housing market is likely poised for recovery, with advance bookings for viewings on house sales surging 182% in the last 4 weeks.

Securing an for a
https://bit.ly/2SJ1Lnj

Securing an expat mortgage for a UK property In 2019, the United Nations estimated that 13.1% of the total population of Spain were migrants, some of whom are British expats living in Costa Blanca and Costa Calida. Despite moving overseas, these expatriates may wish to retain a property in the UK as a form of rental income or as a personal dwe...

and businesses set out blueprint for market recovery
https://bit.ly/35AGoty

Home moving and mortgage businesses set out blueprint for market recovery Landmark Information Group, Mortgage Advice Bureau and Simplify have written to Secretary of State for Housing, Communities and Local Government Robert Jenrick, to detail how government can help stimulate housing market recovery following the COVID-19 crisis.

Volume of searches rises 15.14% in the space of a week
https://bit.ly/3f8BqZt

Volume of mortgage searches rises 15.14% in the space of a week The volume of searches, across purchase, remortgage and buy-to-let (BTL), rose by 15.15% in the week ending 25 April, compared to the previous week, according to research by mortgage technology provider Twenty7Tec.

How badly will hit UK in 2020?
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How badly will coronavirus hit UK house prices in 2020? UK house prices could fall by as much as 10 per cent this year due to the impact of coronavirus, experts predict.

experiences boom
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Build-to-rent experiences boom - Commercial Finance Network The number of completed homes for build-to-rent have increased by 42% between the first quarter of 2019 and the same period in 2020.

Supporting through the lockdown
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Supporting brokers through the coronavirus lockdown During the past few weeks we have seen significant efforts being made by lenders to support borrowers impacted by the coronavirus pandemic.

in Wales on the rise before pandemic crisis
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House prices in Wales on the rise before pandemic crisis The average house price in Wales rose by £6,110 annually to £193,286, before the coronavirus crisis began in the UK.

will be ready to buy once the lockdown is lifted
https://bit.ly/2XyZ5Mg

Expats will be ready to buy once the lockdown is lifted Expat mortgage broker Guy Stephenson of Offshoreonline is positive interest in UK property from overseas will start strong once the UK lockdown is lifted.

Harlow in Essex leads the way on 10-year house price growth
https://bit.ly/2VfX6tP

Harlow in Essex leads the way on 10-year house price growth In the past decade Harlow in Essex has recorded the highest house price growth, CashLady analysis of Land Registry data has found.

Can you still invest in UK during the coronavirus crisis?
https://bit.ly/344oUVJ

Can you still invest in UK property during the coronavirus crisis? Never in the history of the UK property market have we seen such a turnaround in sentiment. In January UK house prices were rising after the Conservative election victory and the expected resolution of the Brexit furore which had been do***ng the country for the best part of four years.

left in limbo as puts market on ice
https://bit.ly/2UwCM85

Homebuyers left in limbo as coronavirus puts property market on ice Families are being frustrated in their attempts to move home as coronavirus puts a freeze on the property market.

call for consistent government message
https://bit.ly/2QOBTpd

Housebuilders call for consistent government message Housebuilder Taylor Wimpey is one of few firms to have closed its sites to protect the spread of coronavirus.

causing slump in sales and viewings
https://bit.ly/2UiUUT7

Coronavirus causing slump in sales and viewings Sales and viewings through online estate agents are falling considerably now the coronavirus outbreak worsened, data from online estate agency Doorsteps indicates.

to increase pain for already ‘squeezed’
http://bit.ly/3ddzJsK

Coronavirus to increase pain for already ‘squeezed’ landlords The coronavirus outbreak will add to the pain for landlords who already have a raft of unpleasant rule changes coming their way next month.

: plunges as investors flock to dollar safe haven
http://bit.ly/33An7b3

Coronavirus: Sterling plunges as investors flock to dollar safe haven Sterling has plunged to its lowest level against the US dollar (GBP/USD) since October last year on the back of global coronavirus-related uncertainty.

: Outstanding value of loans up 3.8%
http://bit.ly/2wSvnXi

BoE: Outstanding value of residential mortgage loans up 3.8% The outstanding value of all residential mortgage loans was £1.499bn at the end of 2019, which is a year-on-year increase of 3.8% according to the latest Bank of England Mortgage Lenders and Administrators Statistics.

: up 2.8% annually
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Halifax: House prices up 2.8% annually - Commercial Finance Network House prices increased by 2.8% in the year to February, according to Halifax’s house price index. On a monthly basis, house prices increased by 0.3%.

UK approvals jump as political uncertainty eases
http://bit.ly/2wCjcy0

UK mortgage approvals jump as political uncertainty eases UK Mortgage approvals have risen to their highest level since February 2016, data published by the Bank of England on Monday showed.

More UK women investing in
http://bit.ly/2TwMcyY

More UK women investing in buy-to-let properties The number of women investing in buy-to-let properties in the UK has increased slightly to almost half the total, a new study has found.

Gap between supply and demand widens
http://bit.ly/2vjU1Qc

Gap between property supply and demand widens The number of house hunters registered per estate agent branch increased by 22% to 382 from December to January, NAEA Propertymark’s January Housing Report has found.

One in four let through in some UK areas
http://bit.ly/2PnNTgN

One in four homes let through Airbnb in some UK areas One in four properties are listed as an Airbnb in some parts of the country, amid concerns the short-term lets are deepening the UK's housing crisis.