Super-Prime UK

Rob Cohen and James Wild discuss the latest developments in the UK property market, including recent interest rate cuts, the rise of specialist HMO and MUFB lending, and the impact of political shifts on the prime and super-prime sectors. With 2025 on the horizon, they explore the outlook for the mortgage market, the growing trend of refinancing, and the potential effects of the US elections on high-net-worth property buyers.

Topics covered:

• Interest rate cuts and their effect on the mortgage market

• HMO and MUFB lending: Growth in the specialist property sector

• The Prime and Super-Prime property market predictions for 2025

• Political changes, tax implications, and migration trends

• What to expect in the property and lending sectors in 2025

Join Rob and James for the latest insights into the UK's property, finance, and economic landscapes!

September typically marks a busy period in the market, and the early indicators look promising. Mortgage rates are dropping, swap rates are shifting, and there's a clear signal that the property market slump might be nearing its end. Analysts are speculating about potential adjustments in the upcoming budget, while interest rates remain steady—but likely not for long. Welcome back to Super-Prime UK updates with Rob Cohen and James Wild.

This week's update is brief as James is away. It's been a week since the election, and our new government has been settling in. The property market is operating fairly smoothly. Plans are in place to build 1.5 million houses over the next five years, will this target be hit? Interest rates are expected to decrease towards the end of summer, delivering a positive end to the quarter. In the super-prime market, the non-domicile sector is an issue and is a topic currently under discussion among lenders and banks.

With the upcoming election on the horizon, we explore the key issues and discussions surrounding the general election, and its potential impact on the economy and the property market.

Over the past 12 months, the market has experienced limited activity, yet prices have remained stable. The super-prime segment is exhibiting stronger performance compared to prime and sub-prime sectors, particularly in popular London locales where properties are selling well. The investment market is surpassing other asset classes, offering high yields and rewards for investors. In some areas, the shortage of supply is still underpinning demand. The market is in an intriguing position, though still restrained. Welcome back to Super-prime with Rob Cohen and James Wild.

We are privileged to have Michael Dean from Avamore Capital in the office for a highly insightful industry and of course football discussion. We talk about Avamore's origin story, their commitment to ground up development, coining the phrase 'finish & exit' to heavy refurbishment. Why 2024 is a great time to be starting a development and what the future of Avamore looks like. Make sure you check out his podcast The Property Funder.

Hello and welcome to the first super-prime UK show of 2024! It's shaping up to be a very interesting year for the lending sectors with an attractive mortgage market emerging, competitive rates, and sales numbers looking already very promising. This week, we are joined by Victor Jannels CEO of The Association of Short-Term Lenders, who gives valuable insight into the markets over the last year and foresight into the fast-paced future. With a possible high number of interest rate reductions over the next year, it's going to be a very exciting 2024.

Greetings and thank you for joining us for the European Valuers Alliance quarterly market update! Every quarter, we embark on a journey to explore diverse European regions, collaborating with top property experts to present you with the most recent data and market insights.

In this quarter's edition, we are delighted to introduce Aleksander Karkut from ACONS in Poland, who will be joining us to share valuable expertise and insights from his home town in Warsaw.

The clocks change as we dive straight into the UK winter. On the ground, the market is busy and ticking over. There is a lot of valuation work out there which is a positive, and market specialisms continue to prevail. We believe the market will sit where it is until conditions improve in the new year. We also discuss the flexible off-market space and the Re-work bankruptcy. What is the future of co-working?

The end of September showed us an uptick in weekly instructions with a scorching 551, which is 50% higher than the average weekly figure in 2023. In terms of stock coming on stream, this is an excellent indicator of the positive direction the market is going in.

Enjoy the warm weekend!