"Bridging lender Fiduciam has expanded into Scotland and completed its first transaction there, enabling the refinancing of a Glasgow care home." https://www.financialreporter.co.uk/specialist-lending/fiduciam-expands-into-scotland.html friday
The Scottish Low Carbon Heat Funding Invitation has made £30 million available to businesses and organisations for innovative solutions to heat buildings as part of a wider Low Carbon Infrastructure Transition Programme (LCITP). https://www.scottishhousingnews.com/article/30m-low-carbon-funding-to-encourage-renewable-heating
The plan will ensure that people who become homeless move to a settled home as soon as possible. The government will also give up to £2m to Social Bite, which is working with a range of partners to deliver Housing First Pathfinders in Glasgow, Edinburgh, Dundee, Stirling, Aberdeen and Aberdeenshire. https://www.scottishhousingnews.com/article/4-5m-promised-to-help-end-homelessness-in-scotland
According to the Bank of England mortgage approvals have taken a dip in November. Read it here https://www.mortgagesolutions.co.uk/news/2019/01/04/boe-figures-show-mortgage-lending-market-flat-at-best/?utm_source=customsell&utm_medium=email&utm_campaign=ms-house-advert-0401-first-send-1546600279
This is a good article stating how the FCA attempts to fix the mortgage market with technology is not the complete answer https://www.mortgagesolutions.co.uk/news/2018/12/14/fca-wants-to-change-mortgage-advice-rules-sinclair/?utm_source=customsell&utm_medium=email&utm_campaign=ms-house-advert-1412-first-send-1544780172
May then went on to say that the cap on how much councils can borrow against their housing revenue account assets in order to build houses “doesn’t make sense,” before adding: “today I can announce that we are scrapping that cap.” https://www.mortgagestrategy.co.uk/may-announces-end-to-council-borrowing-cap/ Do we really have a housing shortage in Scotland? Rates are low, you only need a 5% deposit and there are plenty of terraces and flats on the market so, can someone tell me where the shortage is??????
This is news that all landlords need to know. Please read https://www.mortgagesolutions.co.uk/news/2018/09/25/landlords-income-1000-exempt-tax-return-obligation-hm-revenue-customs/?utm_source=customsell&utm_medium=email&utm_campaign=ms-house-advert-2509-final-send-1537892038
I always wondered what would happen to all those endowment mortgages were customers cashed in their policies with cash rewards and didn't apply them to the loan? Now we have an answer. https://www.telegraph.co.uk/personal-banking/mortgages/banks-turn-equity-release-providers-bail-problem-interest-only/