Concerns raised as 10% of landlords consider adopting Airbnb model


Some 10% of landlords are considering switching to short-term lets, ARLA Propertymark’s Impact of Short-Term Lets report has found. Should that many landlords depart from long-term letting there would be 50,000 fewer properties for long-term tenants – which could push the cost of renting up. David Cox, chief executive of ARLA Propertymark, said: “The growth […]

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People in Sunderland face shortest wait to buy


Those living in Sunderland can save for a house deposit in just six years and eight months, faster than any other major UK city. Bradford and Hull are other cities where you can save for a deposit in a relatively short space of time, research from finder comparison site finder.com revealed. Predictably London is at […]

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Atelier Capital Partners launches from former Amicus duo


Lender Atelier Capital Partners come to market with short-term lending and development finance products. The company was co-founded by Keith Aldridge and Chris Gardner, who were formerly directors of specialist finance group Amicus Property Partners, which halted lending in December 2018 and fell into administration in January 2019. Atelier is offering a range of short-term […]

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£1.2bn not protected by tenancy deposit schemes


Around £1.2bn worth of deposits are not protected in tenancy deposit schemes, analysis from Hamilton Fraser’s deposit replacement provider Ome has found. The Center for Economics and Business Research (CEBR) estimates that 14.5% of all deposits held are not protected by landlords or agents, while around 1.1 million tenancy deposits are unprotected. Landlords who fail […]

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Businesses buoyed by base rate decision


Financial firms appear pleased that the Bank of England opted to leave interest rates unchanged at 0.75%. Yesterday the Monetary Policy Committee voted 7-2 to keep rates on hold, which has been taken as an endorsement of the state of the economy. Giles Coghlan, chief currency analyst at HYCM, said: “In many ways, the decision […]

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Mortgage brokers predict growth in buy-to-let business


Mortgage brokers expect an uptick in buy-to-let mortgage business over the next 12 months, Paragon’s FACT research has revealed. In the final quarter of 2019 one in four (24.5%) buy-to-let mortgages were written for landlords looking to extend their portfolios, the highest level since Q1 2017. Richard Rowntree, Paragon managing director of mortgages, said: “Buy-to-let […]

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Private renters would like to make home improvements


Three quarters of private renters would like to decorate their home, Shelter research has revealed. Almost a third would be more likely to invite family and friends over there if they could add personal touches to their house. Polly Neate, chief executive of Shelter, said: “Every day our team of specialist DIY skills advisers see […]

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Chestertons looking for acquisitions after upping profit


Chestertons estate agents is looking to make acquisitions after upping profits by 60% in 2019. The company’s lettings division upped revenue by 10% year-on-year, while its sales operation saw 7% growth in revenue despite London seeing 12% fewer transactions than 2018. Guy Gittins, managing director of Chestertons, said: “To have come through one of the […]

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Work to begin on homes at Callerton Park near Newcastle


Plans have been approved for the next phase of a 3,000-home new town taking shape to the west of Newcastle. Ashberry Homes will build 184 new homes on land at Callerton after planning permission was granted by Newcastle City Council. Darren Pelusi, sales manager for Ashberry Homes Durham, said: “We are naturally pleased that our […]

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