Postcodes in Liverpool, Bradford and Sunderland are three of the best locations to buy property as an investor, research from Mojo Mortgages has found. Investors in Liverpool’s L7 postcode achieve an average yield of 10.30%, with an average asking price of £95,000. Five other Liverpool postcodes are in the 20 top of the UK’s best […]
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The government needs to increase Local Housing Allowance (LHA) or risk seeing evictions soar in the capital, Labour’s London Assembly housing spokesperson, Murad Qureshi, has warned. People under 35 who are single with no children are restricted to the shared accommodation rate of the benefit – which is a lower rate. The government’s three-month ban […]
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Kent Reliance for Intermediaries, Precise Mortgages and InterBay Commercial will now progress mortgage cases with the lending policies at the time of application once valuation fees have been paid. There will be some additional underwriting checks, such as ensuring the client’s current circumstances are considered. Alan Cleary, managing director of OneSavings Bank, said: “We’ve continued […]
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The number of 95% loan-to-value 2-year fixed rates have fallen from 11 in May to just six in June, moneyfacts.co.uk data found. Meanwhile 95% LTV 5-year fixes have fallen from 11 in May to 9 in June. Danny Belton, head of lender relationships, Legal & General Mortgage Club, said: “The disruption caused by coronavirus and […]
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Two in five (38%) people have undertaken DIY or renovations during the lockdown, research from Aldermore found. Gardening was the most popular DIY activity among Brits (57%) during lockdown, followed by spring cleaning (47%) and (34%) painting or wallpapering rooms. Jon Cooper, head of mortgage distribution, Aldermore, said: “DIY comes in surprisingly handy as a […]
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Anwyl Homes is inviting homebuyers to a virtual relaunch of show homes at its 26-property development at Bluebell Meadows in Fulwood, near Preston. This will take place on Saturday June 13th at 10:30am across social media channels. Bluebell Meadows opened in mid-March and some people saw the show homes before the development closed temporarily when […]
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The government should suspend freeholders’ rights to collect ground rents and service charges according to The Leasehold Solutions Group, which works with leaseholders on tasks like managing lease extension. Around half of leaseholders are struggling to pay their current service charge bills and ground rent, according to ‘anecdotal evidence’ from group. Louie Burns (pictured), managing […]
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Since the restarting of the housing market two weeks ago Dexters has have seen a 200% jump in new enquiries compared to the same period in 2019. Over 80% of applicants are looking for more spacious properties with outside space and facilities for homework. Jeff Doble, chairman of Dexters, said: “COVID-19 and the lockdown is […]
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Yesterday marked the end the transitional period where tenants could be charged for references, credit checks, inventories and check-in or check-out reports. The 2019 Tenant Fees Act banned administration fees for new tenancies, though there was a transitional period up to May 31st 2020 where some fees could be charged if they were agreed before […]
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The Mayor of London Sadiq Khan has approved a £50m loan facility for Mount Anvil to help it purchase new sites and deliver new homes. Mount Anvil has 2,000 homes in its pipeline, while it plans to deliver 10,000 homes in London before the end of the decade. The developer will deliver 1,400 new homes […]
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