House prices have increased the most in Leave-voting areas of the UK since the EU Referendum, research from Proportunity has found. Castle Point (23%), Wellingborough (21.70%) and Thanet (21.60%) are leading the way, all of which are strong Leave areas. Remain voting areas of London like Kensington (-3.20%), Westminster (0.10%) and Richmond (2.00%) have been […]
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Average house prices are expected to dip by 1.3% over the next three months as a lack of consumer confidence takes its toll, reallymoving research predicts. It expects prices in Northern Ireland to drop by 8.5% to £163,969, in Wales by 8.4% to £177,205 and in the North West by 5.1% to £186,011, wiping out […]
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Mortgage brokers are confident they can weather the storm of Brexit and a general election, the Intermediary Mortgage Lenders Association (IMLA) has found in its latest Mortgage Market Tracker. Some 91% of intermediaries said they were either ‘very confident’ or ‘fairly confident’ about the outlook for the mortgage industry. An even higher proportion (95%) is […]
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Canary Wharf Group’s build-to-rent operator Vertus has unveiled its first development at 10 George Street – which will be the first of three. The apartments, which will range from studio to three-beds at the 327-unit building, will be available to rent from early 2020. The show floor is available for viewings on selected open days, […]
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Letting agent safeagent has set out a manifesto for the private rental sector ahead of the General Election on 12th December 2019. The company has made the following requests: – Bring empty homes back into the private rental sector using incentives as well as just enforcement measures. There are currently 205,000 empty homes in England. […]
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Skipton International has hired Simon White as director of credit, as it looks to expand its UK buy-to-let mortgage lending and increase offshore savings deposits. White has joined after working in retail banking for over 40 years for companies including Lloyds TSB Offshore, Royal Bank of Scotland International and NatWest International. White said: “Skipton are […]
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First-time buyers are typically saving for a deposit in 3.6 years after putting aside £843 per month, research from Post Office Money has found. It’s taking first-time buyers less to save money for a deposit than last year, when they took 3.8 years to save a sufficient amount. Ross Hunter, product director, retail banking, at […]
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The proportion of homes in Great Britain let by overseas landlords rose to 11% between January and October, monthly lettings index has found. Aneisha Beveridge, head of research at Hamptons International, said: “The proportion of homes let by overseas based landlords rose for the first time in more than nine years.” “The East and London […]
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There has been a rise in the number of homes across Britain being let by international landlords, new research has found. The proportion of homes let by overseas-based landlords rose to 11% during the first ten months of 2019, up from 7% during the same period last year. Hamptons International Monthly Lettings Index showed that […]
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Three quarters (75%) of renters in the UK would considering buying a property, but not if it significantly lengthened their commute, a new study has found. A survey of 2,000 private renters by Landbay revealed that on average, commuters will only consider switching from the private rented sector to homeownership if their journey time would […]
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