Last week Chancellor Rishi Sunak pledged to provide £2.2bn of funding for housebuilders. Hopefully this funding can be used to start turning things around when it comes to the delivery of UK homes. Housing completion levels across the seven largest UK housebuilders – responsible for 43% of new homes – are down 35% over the […]
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Landlords are spending billions on emergency callouts to assist with property issues every year, research from Direct Line – Business has found. Between 2019 and 2020 they spent an average cost of £765 per callout, or £2,141 for every landlord in the UK. Jamie Chaplin, landlord product owner at Direct Line – Business, said: “Emergencies […]
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The first phase of a £6.5m development in Gateshead has been given the go ahead. The-17 home development at Streetgate, near Sunniside, was approved at Gateshead Council’s Planning and Development Committee on October 28, 2020. The four-bedroom semi-detached homes will be built on an 8003 m² site at the edge of farmland, with countryside views across the […]
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Most (90%) tradespeople have introduced new services due to covid-19, Yell Business research shows. Some (41%) started taking online bookings, while 40% began doing online video consultations. Meanwhile 36% started home delivery services, 22% online video tutorials, and 27% introduced contactless payment systems. Claire Miles, chief executive of Yell, said: “The last six months have […]
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The average number of prospective buyers registered per estate agent branch reached 451 in October, the highest number ever recorded for that month, NAEA Propertymark’s October Housing Report found. In October last year there were 341 house hunters on average per branch. However there were still fewer than the 525 recorded in September Mark Hayward, […]
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Tenants’ desire to own a property and save for a deposit falls from the age of 35, research from Paragon Bank has revealed. Some 72% of those in rented accommodation would like to own a property in the future. Those in the 25-34 age category have the greatest desire to buy a home, with 88% […]
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Skipton International, the Guernsey bank specialising in UK buy-to-let mortgages for overseas residents, has seen its UK mortgage pipeline double. Since July, following Chancellor Rishi Sunak’s announcement of a stamp duty holiday on UK property, there has been a rush of investors wanting to purchase before the completion deadline of 31 March 2021. Roger Hughes, […]
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Property Master, the ‘digital’ buy-to-let mortgage broker, has appointed David Copland as its new business development director. Copland spent 10 years with LSL Property Services as director of mortgage services. He joined LSL following the group’s acquisition of Pink Home Loans from the Skipton Building Society in December 2010. Property Master was launched three years […]
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West One has launched two 5-year fixed rate buy-to-let products at 3.39% to 65% and 3.44% to 70% LTV with a 2% fee. The limited-edition range offers a maximum loan size of £500,000 for properties worth up to £800,000. Andrew Ferguson, managing director of buy-to-let at West One, said: “Demand from landlords remains strong at […]
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Chancellor Rishi Sunak has pledged to provide £2.2bn of funding for housebuilders. The majority of this funding will be in the form of loan finance for house builders, including those using modern methods of construction. A further £100m will fund authorities in 2021/22 to support housebuilding and regeneration – including for serviced plots for self […]
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