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The Financial Conduct Authority (FCA) defines a high-net-worth mortgage client as a customer with an annual net income of no less than £300,000 or net assets of no less than £3,000,000, or whose obligations are guaranteed by a person with an income or assets of such amount. Often...
The construction industry is traditionally regarded as having serious compliance issues. The changes introduced from 6 April 2021 suggest that HMRC remain focused on their compliance approach regarding the construction industry arena.
Additionally, the government announced in the recent Spring...
Following on from CrowdProperty’s initial review of ESG with specific reference to ‘Environmental’ matters, in this article, the focus turns to its often overlooked ‘Social’ sibling – unpackaging its meaning and its importance generally. We...
As fellow Qandor member Dylan Mitchell of Worldwide Property Company will tell you, long-term fixed rate mortgages are very common and popular in continental Europe. Here in the UK, however, most lenders generally only offer fixed mortgages up to 5 years for home mortgages, with a few such as...
HMRC receive a lot of information relating to UK property from sources such as mortgage lenders, the Land Registry and lettings agents. This information is high-quality and HMRC are able to compare this to tax returns submitted to determine whether they believe rental income should have been...
Looking at the trends in the UK property market, 2021 was nothing short of a frantic year. But will strong buyer demand carry into the new year? Will the market ease? Where will the place to invest be, and what regions will outperform? To answer these questions, Paul Watson, Head of Lending at...
At OnPoint Mortgages we have always worked with investors attracted by the yields in many houses in multiple occupation (HMO).
An HMO is classified as a property rented out by at least 3 people who are not from 1 ‘household’ (for example a family) but share facilities like the...
Firstly let me explain what the triple lock was. Some readers will know this was the system used by the government to determine the annual increase of the state pension.
It was announced in early September by Therese Coffey, the Work and Pensions Secretary, that the triple lock is to be...
In the first in a series of ESG-related articles, CrowdProperty looks to demystify this broad topic with a particular focus on its importance both in the real estate sector and from a lending perspective.
There will be many of us who have become familiar with the acronym ESG in recent times,...
On 27 October the Chancellor, Rishi Sunak, presented his “Build Back Better” budget with ambitions to level up and reduce regional inequality. Compared to previous budgets, where the property sector suffered both new and increase taxes, this time the sector, other than the large...
Property developers know well that cash is king and that being able to get higher gearing from a lender can make or break a property deal. Roxana Mohammadian-Molina, Chief Strategy Officer at specialist development finance lender Blend Network, argues that as the pandemic ebbs, we need to get...
We are often told to use the right tool for the job. Specialist finance requires specialist lenders, and so real estate development finance requires niche lenders who can get their head around the intricacies of building a ground-up development or doing a conversion. Paul Watson, Head of...
