Buy-to-let lender Landbay has exited the peer-to-peer market and will now solely use institutional funding. The lender said it will continue to fund buy-to-let and focus on expanding its presence with the mortgage intermediary sector. John Goodall, founder and chief executive of Landbay, said: “Landbay’s future is incredibly exciting as we see opportunities to grow […]
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The Aberdeen property market had a strong third quarter, according to property consultancy Galbraith. Galbraith’s Aberdeen team handled a year-on-year increase of 44% more property sales this quarter compared to the same quarter last year. The number of applicant registrations was also up by 4% on the previous quarter of this year. Hannah Christiansen, head […]
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TSB has become the first major lender to adopt Lender Connect mortgage broker technology from Iress. The platform is said to improve efficiencies by creating a frictionless journey when going through brokers. TSB has been looking to recover in 2019 after suffering a much publicised IT meltdown in 2018 which cost the bank £330m. Roland […]
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Mixed-use property developer Rockwell has partnered with Gateway Housing Association to deliver so-called affordable housing at its landmark development at 82 West India Dock Road in London’s Westferry. The 30-storey hotel and residential building adjacent to Westferry DLR station, at the gateway to Canary Wharf, is due to start construction shortly. It will be completed […]
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Homebuyers can now reserve a new property at Barratt Homes’ development in Tiverton. Braid Park, which is due to officially open in 2020, is now selling off-plan through Welden & Edwards Estate Agents, located on Bampton Street in Tiverton, and buyers can choose from a selection of two, three and four-bedroom homes. Nicki Reid, sales […]
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A third of Hamptons International clients are making property searches on a Sunday after the estate agent launched a 27/7 service last year. Currently 80% of property searches begin online, with buyers, renters, sellers or landlords all using the online system. Mary Beeton, head of London sales at Hamptons International, said: “We identified the need […]
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More tenants experienced rent hikes in 2019, likely due to the introduction of the tenant fees ban on 1 June. Some 46% of tenants saw a rent increase in 2019, up from 26% in 2018, NAEA Propertymark and ARLA Propertymark data shows. David Cox, chief executive, ARLA Propertymark, said: “It’s no surprise that tenants have […]
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Kensington and Chelsea is the most searched for Airbnb location in the capital, research from End of Tenancy London has revealed. Approximately 570 people type ‘airbnb Kensington’, ‘airbnb chelsea’ and other related terms into Google every month. Kensington and Chelsea is the most expensive borough on average in London, at a daily price of £188. […]
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The British Property Federation has launched its own ‘Accelerated Planning Manifesto’ with industry perspectives on improving the planning system. The manifesto highlights resourcing as a key issue for the planning system, with per person spending on planning falling by 55% since 2010. However, with the major parties prioritising housing during the current General Election, the […]
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Halifax has been rated the UK’s best bank owing to the speed and ease of application. The ‘Mortgage Lender Benchmark’ research, which asked mortgage brokers of their opinions of lenders, was carried out by review site Smart Money People. The worst rated bank for service was M&S Bank. Brokers’ second favorite bank was NatWest, followed […]
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