Buy-to-let mortgage lender Landbay has seen a 200% rise in lending volumes in 2019. Landbay received £1bn of institutional funding agreement in summer, which accounted for 95% of new mortgages originated in the past 12 months. John Goodall, founder and chief executive of Landbay, said: “Against a background of political and economic uncertainty, Landbay’s growth […]
The post Landbay ups lending in 2019 after surge in funding appeared first on PropertyWire.
Andrew Bailey will become the Governor of the Bank of England from 16 March 2020, replacing Mark Carney. Bailey is currently head of the Financial Conduct Authority and was deputy governor under Carney for three years until 2016. He will serve an eight year term. Bailey said: “It is important to me that the Bank […]
The post Andrew Bailey to replace Mark Carney as Governor of the Bank of England appeared first on PropertyWire.
The Leasehold Solutions Group has welcomed the government’s commitment to leasehold reform, which was reaffirmed in the Queen’s Speech. However there is scepticism whether the reforms will go far enough, given that the government has been promising to reform leaseholds since 2017. The Queen’s speech stated that the government will take forward a “comprehensive programme […]
The post Leasehold campaigner cautious despite reform promises appeared first on PropertyWire.
After a busy couple of months, I’m sure landlords, agents and developers will be spending some well-earned time with loved ones this week. There’s a sense of calm before the storm, as Barratt Homes said last week the company is gearing up for a busy time after Christmas, when people start making plans for 2020. […]
The post A well-earned Christmas break appeared first on PropertyWire.
The Conservative party’s manifesto pledge to create a new market in long-term fixed rate mortgages has received the backing from a Centre for Policies Studies report. The report, called ‘Resentful Renters’ by Graham Edwards of property company Telereal Trillium, suggested users won’t need to be stress tested and can be offered 95% LTV rates that […]
The post CPS report backs Conservative Party’s long-term fixed rate mortgages appeared first on PropertyWire.
The majority (84%) of letting agents think rent prices will rise next year, up from two thirds (65%) last year, ARLA Propertymark has predicted. More than three fifths (61%) think demand will continue to increase, but almost seven in 10 (68%) reckon the number of landlords operating in the private rented sector will decline next […]
The post Agents anticipate rent increases in 2020 appeared first on PropertyWire.
The government intends to carry out the abolition of so-called ‘no fault’ Section 21 evictions. The Queen’s Speech announced a Renters’ Reform Bill, as well as a lifetime deposit which would allow tenants to swap their deposit from one property to another. Section 21 enables landlords to evict tenants with two months’ notice. David Cox, […]
The post Government to press ahead with abolishing section 21 appeared first on PropertyWire.
The Queen’s speech, which is written by the government, has pledged to provide homes at a discount for local first-time buyers. Before the election the Conservatives pledged to discount homes by a third for local people who cannot otherwise afford to buy in their area. The party added that this could be used to prioritise […]
The post Queens speech makes 30% first-time buyer discount pledge appeared first on PropertyWire.
Thurrock in Essex has seen the largest increase in house prices this decade outside London, analysis of Land Registry data by modular housing developer Project Etopia shows. Prices have increased by 78.2% in the past decade from £156,741 to £276,164, compared to an average rise of 38.8% across the UK, excluding London. Joseph Daniels, chief […]
The post Thurrock records highest UK house price rise this decade appeared first on PropertyWire.
Ben Fielding is a writer working on behalf of Prestige Floors If you’re a homeowner, you are no doubt aware of how volatile the housing market can be. House prices can fluctuate, and if you’re looking to sell it can make your life much more challenging. More and more homeowners are renovating their properties as […]
The post Five ways to add value to your period property appeared first on PropertyWire.