Opinion
Lenders should not be discouraging people from buying flats and apartments
Rory Joseph and Sebastian Murphy of JLM Mortgage Services discuss lenders' lack of flexibility when it comes to lending on flats.
Flats
Building Societies
Skipton Building Society updates lending policy on flats
As part of the changes, the minimum value for non-standard flats has been reduced from £150,000 to £100,000 for flats outside of Greater London.
Rental Market
Sharp rise in Scottish two-bedroom property rents, averaging £841 per month
As of the year ending September 2023, these rents increased by 14.3% to an average of £841 per month, up by £105 compared with the previous year.
Buy-to-let Mortgages
Number of flats requiring an EWS1 form rises to 10% in Q2
This figure marks a 2% increase on the 8% recorded from January to March 2023.
News
Nationwide returns to 95% lending on flats
Nationwide Building Society has announced that it will recommence lending at 95% loan-to-value (LTV) on non-new build flats, starting from today, 9th June 2023.
News
Accord improves maximum LTV on flats
Accor Mortgages will give more options to brokers with residential clients looking to purchase or remortgage flats by upping its max LTVs.
Buy-to-let Mortgages
Stoke-on-Trent cheapest UK city for renting flats
Stoke-on-Trent is the most affordable UK city for tenants, with an average cost of £489.22 per month, according to research by TheAdvisorCoach.