The property industry has collectively sent Chancellor Rishi Sunak a letter, requesting for the stamp duty holiday to be extended by six months. There are currently serious delays to the mortgage, conveyancing, and surveying processes, which as it stands could result in some buyers missing out on the holiday. The letter said: “Operational constraints in […]
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NatWest has unveiled the launch of its first ever Green Mortgage. The new product will offer a preferential interest rate to new or existing customers who are purchasing an energy efficient property. The Green Mortgage, available from today, will offer a discounted interest rate to customers purchasing a property with an Energy Efficiency Rating of […]
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Some 325,000 buyers could miss out on completing a home purchase before the stamp duty holiday expires, thanks to delays in the homebuying process. Delays to the mortgage process, as well as conveyancing and surveying, could see it take five months to complete the homebuying journey. The stamp duty holiday is due to expire at […]
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Investors in Birmingham can expect a rental yield of 5.4% and price growth of 14.2% in the next five years, making it the best location for investors, according to UK developer SevenCapital. Average rents have risen by 30% in the past decade, and are expected to increase by 15.9% in the next four. Prices in […]
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Glenhawk has launched its first regulated bridging product, for borrowers looking to secure finance against their primary residence. The product’s interest rates start from 0.55% per month, with terms of up to 12 months and a loan size between £100,000 and £1.5 million. There are no admin or exit fees. The product launch follows the […]
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John Dobson is chief executive at anti-money laundering service, SmartSearch Mortgage application fraud occurs when an individual provides false or altered documents in support of a mortgage application. Research from Cifas revealed that fraudulent applications on mortgages were up by 5% in 2019, as 13% of British adults believe it is ‘reasonable’ to exaggerate income […]
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Steve Coulson, the chief executive and co-founder of Kitt, an office platform that partners with landlords While working from home remains the norm for many, businesses across the UK are in flux when it comes to their office space. Some are moving to longer term remote working, while others are using this as a hiatus […]
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A surge in buyer demand for larger properties has caused a rise in the price of detached properties according to the latest research from Halifax. Analysis based on data from the Halifax House Price Index found that the cost of the largest types of properties in the UK has risen at more than twice the […]
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Some local authorities are taking 42 times longer than others to process the local land searches that are required as part of the buying process, research from solicitor firm Simpson Millar has revealed. Melton Borough Council in Leicestershire have been taking 42 days on average to process a local land search, according to insight gathered […]
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Letting agents should prepare to disclose the third-party referral fees they receive to landlords and tenants, according to PayProp. Earlier this month, the National Trading Standards Estate and Letting Agency Team (NTSELAT) proposed to the government that estate agents disclose any fees they receive when referring clients to other service providers, such as conveyancers. Although […]
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