UK expats are losing £40k when buying BTL property back home

UK expats acquiring buy-to-let property back home are typically squandering £40,000 on unnecessary transaction costs, exchange and loan rates in the first five years, according to a new study. Joint research by specialist loan packager Thistle Finance and global currency specialist Mercury FX has revealed that specialist currency firms could typically save their clients up [...]

By |2018-05-30T21:17:20+01:00May 30th, 2018|Industry News, Residential|0 Comments

GDPR compliance with Jumbo Bridging

Here at Jumbo Bridging, we value your privacy. From 25th May 2018, the new EU General Data Protection Regulation (GDPR) will be coming into effect. To comply with the new requirements of this law, and to ensure that we can best continue to serve you in finding new career opportunities, Jumbo Bridging has updated its Privacy [...]

Manchester property prices rising faster than UK averages

With a growing economy, the city is set to continue outperforming national performance forecasts over the next decade. Summary: Real estate growth in Manchester consistently outstrips average forecasts for the UK property market Property prices in the city grew by 34% in the three years to July 2017, against the national average of 30% Manchester’s [...]

Over half of UK investors no longer see property as a good investment

Over half of UK investors no longer view property as a good investment, according to a new survey commissioned by Rathbone Investment Management. The introduction of an extra stamp duty levy as well as new regulations by the Prudential Regulation Authority affecting landlords has led to many investors re-evaluating property as an investment, according to [...]

By |2018-05-22T23:34:46+01:00May 18th, 2018|Concepts, Industry News, Residential|0 Comments

UK financial sector wants global talent on tap after Brexit

Costs for hiring bankers, accountants and lawyers from outside Britain will soar after Brexit and threaten London's standing as a global financial centre unless the immigration system is urgently reformed, a report said on Monday. The report from TheCityUK, which promotes Britain as a financial centre, and consultancy EY, said that attracting and retaining the [...]

By |2018-05-22T23:33:48+01:00May 14th, 2018|Commercial, Industry News|0 Comments

Brits moving abroad still opt for Spain for cheap property

Three-quarters of a million Brits now live in EU countries outside of the UK and Ireland, and more than a third of these have chosen Spain as their home away from home. The latest figures from the Office for National Statistics (ONS) have found that Spain is still the main destination for British citizens living abroad, particularly [...]

Build a property portfolio with just £50,000: The how-to guide

It is obvious to all investors that there are clearly issues with attempting to build a property portfolio with £50,000, says Haaris Ahmed, founder of property crowdfunding platform UOWN. “When buying an investment property the average amount required for a mortgage is 25%, and using the average for UK houses prices, this equates to £60,000 [...]

By |2018-05-01T11:08:46+01:00May 1st, 2018|Commercial, Industry News, Residential|0 Comments

House prices tick upwards in sluggish property market

House prices across England and Wales rose a bit more quickly this month after touching a seven-month low in March but they are still expected slow this year, reflecting weak economic growth and possibly higher interest rates, mortgage lender Nationwide said. House prices rose 2.6% in the year to April compared with a rise of 2.1% [...]

By |2018-04-27T09:12:23+01:00April 27th, 2018|Commercial, Industry News, Residential, Uncategorized|0 Comments

UK optimistic about Brexit deal for financial services

The British government and senior finance executives said they are increasingly confident Europe will offer financial companies generous market access after Brexit, boosting London’s hopes of retaining its status as a top global financial centre. Since Britain voted to leave the EU 22 months ago, some of the world’s most powerful finance companies in London [...]

By |2018-04-23T16:42:37+01:00April 23rd, 2018|Commercial, Industry News, Uncategorized|0 Comments
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