Our timeline for Borrowing

We thought this week we’d walk you through our borrowing process. Whether you are a Lender or a potential Borrower, this will give you a better idea of how our platform works.

Another monthly round up of what the property market in UK looked like in February. Experts are still firm on the fact that the shortage of homes is slowly but surely driving property prices up.

As part of our goal of being more transparent and open with our Lenders, we will be publishing our monthly statistics from now on. February saw us closing our Liverpool Mixed Use Investment Loan in under 72 hours and current auction Dundee Residential Redevelopment 90% filled (at time of publishing) in less than a week. Change is afoot in the Relendex office so keep your eyes peeled as we improve the platform and grow our loan offerings.

Scotland with its lochs, mountains and lush greenery has in recent years seen steady growth in value of their property. The recent Bank of Scotland’s Affordable Cities Review indicates that “Over the past five years, Perth has recorded the highest house price growth with a rise of 27%. Dundee has the second highest increase in average house price (25%), closely followed by Glasgow (23%).”

Despite the uncertainty that came with the Brexit vote, The Royal Institution of Chartered Surveyors (RICS) found that 17% more surveyors in Scotland reported an increase in house prices.

UK Property Market: How did January 2017 fare?