News

33% of properties now selling for more than the asking price

One in three properties (33%) sold for more than their asking price in May. This is an increase in the previous month which recorded 32% selling for more than the asking price.

New products and updated rates for 2021

We are excited to announce our updated product suite has launched for 2021 which has been designed to help our borrowers through their entire project life-cycle.

New Stretch Loan Rates for 2020 from Just 1.25%*

Saxon Trust have a great New Year offer to help you get your new property development strategy going in 2020 with special rates on our Stretch Development Funding.

Brexit Deadline Catalysts for a Buying Spree in the Housing Market

The summer market showed to be an active time for buyers undeterred by the impending Brexit deadline, Rightmove data has revealed.

Boris Johnson and the Housing Market: Potential Stamp Duty Shake Up

New Prime Minister Boris Johnson has suggested drastically raising the threshold for paying stamp duty from its current level of £125,000 to £500,000. He was quoted as having told a conference of Tory MPs in London that “I believe that, in this fantastic capital city of Europe and

£54,000 Average Income Required to Get on the Housing Ladder

First-time buyers wanting to get on the property ladder in major cities in parts of the UK need an average household income of £54,000, according to recent data collected by Zoopla.

Sash Window Restoration for Developers

Sensitively restoring an historic building as part of your development project can be an exciting and rewarding process, however, the works involved can have many challenges, not least sash window restoration.

Property Developers Registering for Help to Buy

Property developers registering for Help to Buy is proving an important marketing tool with over one million people being reported as having used this government initiative to buy a new home. What is Help to Buy? There are three Help to Buy schemes, namely; Help to Buy ISA which provides

Dwindling Stock in the North Create Record Prices

This month’s Rightmove House Price Index reports a new record in asking prices of newly marketed property for the third consecutive month as steady monthly increases continue with a 0.4% (+£1,364) rise. The Spring market concludes with stronger number of sales agreed overall in May, just 2.

Asking Price Jump by 1.5%

The strong appetite from home movers continues as we progress further into 2018, this is according to the latest Rightmove House Price Index. They report that the asking price of newly marketed property has jumped 1.5% in March (+£4,503) following strong demand in the first two months of

Record Visitors to Rightmove in January

The latest report from Rightmove has some encouraging news with announcement of their highest ever monthly visitors reaching 141 million in January and these visitors spent some 1.1 billion minutes on the site. The price of property coming to the market was up by an average of 0.8%

RICS Survey More Pesimistic About State of Market

The latest RICS UK Residential Market Survey for October 2017 reports a softening of demand on a national level with most regions displaying a flat to negative trend in the latest results. Meanwhile, forward looking indicators are suggesting momentum is likely to remain subdued, at least in the near term.

Reactions to Bank of England Interest Rate Increase

This week we have seen the first interest rise from the Bank of England in a decade but, of course, this came as no surprise and takes us back to where we were 18 months ago. Consequently, the 0.25% increase was greeted calmly by the markets but this is

Saxon Trust QS in American Golf Final

From Yorkshire Golfer Magazine / twitter.com/yorkshiregolferAll the team at Saxon Trust (previously Calmez) will be cheering on our QS, Sarah Chapman (above right), and her playing partner Rebecca O’Grady, when they compete this week in the final of the American Golf Ladies Championship. The finals will take place

House Price Growth at Lowest Rate Since May 2013

Despite many claims of a quietening property market we seem to be continuing to be very busy with demands for both mezzanine funding and stretch funding, so what is happening to the market and house price growth? The Halifax House Price Index for July reports an easing of annual house

House Price Index shows 5.8% Growth in the Year to February

The latest UK House Price Index from the Office of National Statistics shows that average house prices in the UK have increased by 5.8% in the year to February 2017. This is up from 5.3% in the year to January 2017, however, this is still below the average

A Challenging Year Ahead for House Prices?

Month on month we have been reading about house prices continuing to creep upwards across the UK with the only exception being prime London and the latest Nationwide Building Society House Price Index for February is not changing that pattern yet.

Development funding in 2016; What a year it has been!

What a year 2016 has been! With government reforms to second home stamp duty, a shock Brexit, Donald Trump heading to the Whitehouse and then throw in Leicester City winning the Premiership and the BBC losing Bake Off (okay, latter event had less international impact), we have had an eventful

New Kent Apartments Selling Off Plan Fast!

We may be still reeling from the news from America but, in the meantime, the new homes market continues to perform well for us and our latest development launch is proving the point. Newly launched is our latest development of luxury apartments in the pretty coastal town of Whitstable, Kent.

The Brexit Effect on House Prices

In the wake of a majority of the UK people voting to exit our membership of the European Union it could be testing times for the property market and the potential Brexit effect on house prices. Whilst it is too early to be sure of the full impact of the

An interesting time for the property market

It is an interesting period for the property market with ongoing average house prices continuing to rise across the county with the Nationwide reporting UK annual price growth increased to 5.7% in March. So good news for most house sellers, however, the push for completions ahead of today’s

Upward Jump in House Prices

The New Year is well underway and we’re still seeing a very busy marketplace with some interesting results being reported. The Rightmove House Price Index for January reported that their page views hit a record on 11th January with the total up 10% on last year – clearly the appetite

Goodbye to a Great 2014! Hello 2015!

A great 2014 is nearly over and it has certainly been a busy year with demand for new homes meaning excellent results for developers around the UK and Rightmove reporting an overall 7% increase in asking prices. The year has seen sustained demand (with predictions of 1,000,000+ transactions

Rate of House Price Growth Slows in September

House prices continued to rise in September but, according to the latest Nationwide House Price Index Report, this rate of climb slowed to 0.2% for the month. Their report also reports that the annual house price growth slowed to 9.4%. Nevertheless, all regions saw annual price gains in

House Prices Continue to Increase

It was business as usual in August with the Nationwide reporting a 0.8% increase for the month; annual house prices growth up from 10.6% to 11%. The Nationwide’s Chief Economist commented: “UK house prices edged up by 0.8% in August, marking the sixteenth successive monthly price