The housing market looks set for a tough 12 months but one segment that appears to be bucking the trend, for now at least, is the holiday-let sector. Brokers report that demand remains strong, particularly from investors who see more opportunity here than with standard buy-to-lets (BTLs). Disruption to overseas
TSB Intermediary is withdrawing selected residential and product transfer ranges at 1pm today (7 March), and will relaunch these products at a rate 20 basis points higher tomorrow (8 March). Brokers were given 25 minutes warning about the move, sparking anger among intermediaries and renewing calls for lenders to
Santander for Intermediaries says it will cut all its residential and most buy-to-let affordability rates from tomorrow (14 December). The unit told brokers in a note: “This means that most of your clients will be able to borrow more than before, while also ensuring we meet our obligations as a responsible