Reallymoving has predicted annual house price growth to reach 14% by November 2020. The quote service said the prediction is based on deals already agreed, as pent up demand and urgency to benefit from the temporary stamp duty holiday has driven up activity in the market. Annual price growth is forecast to reach 4.7% in […]
The post Reallymoving: House price growth to reach 14% in November appeared first on PropertyWire.
The number of prospective tenants rose to the hitting the highest number on record in August, ARLA Propertymark’s August Private Rented Sector report has found. The average letting agent branch registered 101 new tenants, which breaks July’s previous record of 97. Angela Davey, president of ARLA Propertymark, said: “Our latest figures reveal the rental market […]
The post ARLA: Tenant demand reaches record level appeared first on PropertyWire.
Mortgage approvals for house purchase increased to 84,700 in the usually quiet month of August, up from 66,300 in July, the Bank of England’s Money and Credit data shows. Net borrowing stood at £3.1bn in August, slightly higher than the £2.9bn recorded in July but way off pre-Covid levels of £23.7bn in February. Jonathan Harris, […]
The post BoE: Mortgage approvals rise in August appeared first on PropertyWire.
Rental demand surged by 31% in Belfast between the second and third quarters, followed by Glasgow (29%) and Bournemouth (26%), Howsy research has found. Aberdeen (+1%), Leeds (+4%) and Leicester (+4%) have seen the lowest uplift in tenant demand in the last three months. Within London demand saw the biggest rise in Kingston (18%) and […]
The post Rental demand surges in Q3 – Belfast leads the way appeared first on PropertyWire.
A team of 17 staff members from across the Landmark Information Group has embarked on a huge walking challenge to raise money for the Macmillan Cancer Support charity, during September. With a goal to walk the distance of all the Landmark offices – and back again – in one month, the team is aiming to […]
The post Landmark Information Group steps up for charity appeared first on PropertyWire.
Flat owners are stuck living in potentially unsafe buildings where they are unable to sell due to the ‘debacle’ of safety forms. EWS1 (External Wall System) forms were introduced in December 2019 due to the tragic events of Grenfell Tower in 2017, but they are having some unseen consequences. The form certifies that buildings are […]
The post ‘Nightmare’ cladding requirements are creating mortgage prisoners appeared first on PropertyWire.
LendInvest has raised buy-to-let LTVs to 80% and increased its maximum lending limits. The lender raised maximum loan sizes for standard properties to £1.5m, while the maximum loan size for MUFB cases increased to £3m, with LTVs up to 75%. Andy Virgo, director for buy-to-let at LendInvest, said: “Landlords are looking to move fast, and […]
The post LendInvest relaxes buy-to-let criteria appeared first on PropertyWire.
Scotland’s first home fund – which works in a similar way to Help to Buy – has been extended to March 31st 2020. The scheme helps people buy their first new or second-hand home with a £25,000 equity loan, provided they contribute at least a 5% deposit. Nicola Barclay, chief executive of trade body Homes […]
The post Scotland first home fund extended appeared first on PropertyWire.
Sales activity in the £1m+ property market is storming ahead according to Rightmove, as wealthier buyers prioritise space and leafier locations Houses over £1m are selling 18 days faster than this time last year – the fastest pace since 2014. Paul Oberschneider, chief executive at Hilltop Credit Partners, said: “A common conception is that houses […]
The post Million pound homes outperform the rest of the market appeared first on PropertyWire.
One in eight (13%) properties sold for more than the original asking price in August – the highest recorded since November 2015. NAEA Propertymark’s August Housing Report found that over half (53%) of properties still sold for less than the asking price last month; Mark Hayward, chief executive, NAEA Propertymark, said: “It’s interesting to see […]
The post More properties sell for over the asking price appeared first on PropertyWire.