Crest Nicholson cuts profit outlook as summer housing demand weakens

Crest Nicholson Holdings has lowered its full-year profit and housebuilding forecasts after weaker-than-expected demand and pricing pressure weighed on trading over the summer. The housebuilder now expects full-year completions of between 1,350 and 1,400 homes, down from its previous guidance of 1,400 to 1,500. It…

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The Mortgage Works changes age criteria and max total borrowing for landlords

The Mortgage Works has made enhancements to its application process to broaden support for landlords including age criteria and maximum total borrowing. The lender has increased the maximum age at application for first-time landlords from 70 to 75, up to 70% loan-to-value (LTV). There will…

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