Gary Adams

4 weeks ago | mortgagestrategy.co.uk | Roger Baird |Gary Adams

The number of new homes started in the final three months of last year came in at 30,860, a 7% increase on the previous quarter and a 52% jump on a year ago, according to the housing department. However, the UK built 221,070 new homes in total in 2024, a 6% fall on the previous 12 months. This follows data that district planning authorities granted 271,600 decisions last year, down 7% from a year ago, again according to the housing department earlier this month.

Nov 18, 2024 | mortgagestrategy.co.uk | David Burrows |Gary Adams

There is no question that recruitment is one of the biggest challenges facing the sector. Not only is the broker population getting older; it remains localised in key areas and continues to get smaller too as some brokers leave the profession entirely. What makes matters worse is that the industry lacks a genuine, concerted effort to create the necessary routes and any real pipeline of new broker talent.

Aug 7, 2024 | mortgagestrategy.co.uk | Katherine Willis |Gary Adams

Paresh Raja, CEO, Market Financial SolutionsNew data from Companies House shows that 47,400 new buy-to-let (BTL) companies were incorporated across the UK in 2021. This is a record number for a single year and the statistic underlines two points:First, BTL investments remain in high demand, with more people creating companies through which to manage their portfolios. This demand is to be expected, given the average UK house price rose by £24,500 last year.

Jul 30, 2024 | mortgagestrategy.co.uk | Becky Bellamy |Gary Adams

The price of prime property in London increased by 3.4% in the last quarter, Coutts’ London Prime Property Index reveals. While prices have increased, the latest data shows, they are 0.6% lower compared to this time last year, and 6.2% below the height of the market in 2014. Buyers in London are negotiating 7.7% off the price of million-pound properties on average, with three quarters of all prime properties in the last quarter selling for less than asking price.

Jun 23, 2024 | mortgagestrategy.co.uk | Gary Adams |Leah Milner

Iress has extended its partnership with Acre to accelerate its mortgage lending.… Specialist lender Pepper Money has joined Mortgage Brian’s affordability based sourcing system.… In times of great uncertainty such as the global pandemic, the combination… Douglas Cochrane is joining Mortgage Advice Bureau as a new build strategic… The number of product illustrations generated by brokers in the past week… The number of products on the market has fallen by nearly 800… A survey by Canada Life...