Finance

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The value of flats have increased the most in the UK over last five years

The average price of a flat in the UK has risen by £75,074 over the last five years, equivalent to £1,251 per month, according to new research. Despite their popularity dipping, accounting for just 15% of all homes sales, the average price of a flat has grown from £157,061 in 2013 to £232,135 in 2018, [...]

By |2018-05-23T00:18:39+01:00May 21st, 2018|Bridging Finance, Business, Finance, News|0 Comments

UK Finance: Number of interest-only mortgages almost halves in six years

The number of partial interest-only mortgages rises while pure interest-only mortgages have almost halved in the past six years, UK Finance figures show. The trade body’s research found there are currently 1.7 million outstanding interest-only mortgages (including partial interest-only), down 46 percent since 2012, when the data was first collected. The total value of the [...]

By |2018-05-23T00:04:15+01:00May 18th, 2018|Bridging Finance, Business, Finance, Marketing, News|0 Comments

House prices fall in London and the south east despite hitting a fresh record high across the UK as a whole

House prices in London and the south-east have continued to slump, despite hitting a record high across the UK as a whole. Asking prices in London were down 0.2% in May compared to the same month last year, according to Rightmove data published today. In the rest of the south-east, asking prices were down 0.1% on the same [...]

By |2018-05-22T23:50:19+01:00May 14th, 2018|Bridging Finance, Business, Finance, Media, News|0 Comments

Despite slowing in property market, prices surge for prime London homes over £2m

Homes sold for £2m or more in prime areas of London over the last three months have seen prices rise 3.2% from the same period a year ago, according to data from property group Lonres. However, homes sold for under £2m saw prices fall by 5.8%, compared to the first quarter of 2017. This reflects [...]

By |2018-05-08T17:42:36+01:00May 8th, 2018|Bridging Finance, Business, Finance, Media, News|0 Comments

The growth of P2P Lending: Property Development

Since the 2008 financial recession, the restrictions that mainstream financial institutions are putting on their loans and their potential successful applicants are growing. As a result, property developers are searching for alternative funding options, which has led to a growth in peer-to-peer lending and crowdfunding options, such as bridging loan finance. The recession left an ideal [...]

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