The majority (85%) of homeowners have undertaken home improvements during lockdown, Aviva research has found. Over half of people (56%) have decluttered and started gardening (52%), while more than a quarter (26%) have used the time spent at home to decorate. Fewer people want to buy a house at the moment. In December 2019 68% […]
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There is a need for regulations to ensure consumers are protected when viewing properties virtually, said Paul Offley, group compliance officer at epropservices, parent company of The Guild of Property Professionals and Fine & Country. He reckoned it’s likely virtual viewings will be an essential method of viewing property after the coronavirus emergency. Offley said: […]
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Rents in Northern Ireland and Wales have surged in the past year, HomeLet research has found. In Northern Ireland rents have increased by 7.7% annually, followed by Wales (4.7%), Greater London 3.7%) and the North West (3.7%). According to Mish Liyanage, managing director of The Mistoria Group, there is growing demand for high-end HMO accommodation […]
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Some 71% of brokers are confident in the mortgage market’s prospects in the next 12 months, despite the difficult few months they have encountered. The research, from Masthaven, found that only 3% of intermediaries are not confident. Rob Barnard, director of intermediaries at Masthaven Bank, said: “Broker confidence is holding up well and that’s such […]
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Property website www.localsurveyorsdirect.co.uk has seen a sharp increase in activity in the UK housing market in the past fortnight following the slump due to the lockdown. Since lockdown restrictions were implemented in the UK in March 2020, more than 450,000 people were unable to progress their plans to move house. JJ Heath-Caldwell, managing director of […]
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Aldermore Bank is resuming physical mortgage valuations on rental properties for buy-to-let purchase and remortgage in England. Remote valuations will continue to take place when possible in Scotland and Wales, and applications in these countries that require a physical property valuation will be put on hold until social distancing restrictions have been eased. Larger rental […]
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Anti-money laundering service, SmartSearch details the new ways money laundering is taking place in the digital age With the rapid advancements in mobile technology and internet accessibility, people can engage with financial institutions 24/7. In fact, 64% (YouGov) of Brits use their smartphone for online banking. This is altering Britain into a cashless society, with […]
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Sutton Kersh sold 75% of listed properties at its first live streamed auction last Thursday 21st May. The team had already sold over £2m worth of property prior to their live auction and sold a further £5m on the day, equating to a total of over £7m for their Spring auction. Cathy Holt, auctions director […]
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The government should make landlords exempt from the 3% stamp duty surcharge on second homes, argued Mary-Anne Bowring, managing director at property management firm Ringley Group. She added that a rise in buy-to-let investment could also support housebuilding, as landlords are an important source of development finance through off-plan sales that are necessary to get […]
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The Guild of Property Professionals speaks to its offices in Northern Ireland While property activity in England surges, Northern Ireland remains firmly in lockdown mode with no indication from the Government as to when estate agents can return to work. When the Northern Ireland market does open, can we expect the same surge in activity? […]
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