Demand for overseas property from UK househunters has reached record levels according to Rightmove Overseas. Data from Rightmove Overseas shows that searches on their platform reached an all-time high on 28 June as the government eased travel restrictions to certain destinations. The surge in interest for homes abroad resulted in more than one million searches […]
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Ipswich Building Society is withdrawing all of its buy-to-let products, including expat and holiday let mortgages with immediate effect. This follows a series of other product changes as the society seeks to service the enquiries it has already received to meet its desired response times. In June, the society withdrew its 5-year standard buy-to-let and […]
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Airbnb has contacted its US hosts with measures aimed to combat unauthorised parties in properties listed on the platform. In a recent blog post, Airbnb states that reducing the number of unauthorised house parties has “always been a priority and it’s [sic] more important now than ever”. The initiative restricts US guests under the age […]
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The number of US homeowners in forbearance plans has fallen to its lowest point since May, according to mortgage data and technology firm Black Knight. The latest data from the Florida-based company shows that 4.58 million homeowners were in forbearance plans as of 30 June, which represents 8.6% of all active mortgages – a decline […]
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Mark Hayward, chief executive of NAEA Propertymark, is planning to retire from the company at the end of the year to seek new challenges. Hayward been in the role for seven years, having previously been a board member and chair of the board for four years. Christopher Hamer, executive chair of Propertymark, said: “The Propertymark […]
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Last week saw Prime Minister Boris Johnson pledge to loosen regulations to help developers build. Measures should help developers more easily build extensions and transform derelict shops into housing. This all sounds good to me, though the devil may be in the detail with these changes and deregulation is not a panacea. To be honest […]
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A letter written to Chancellor Rishi Sunak from retirement professionals has called for a stamp duty cut to help downsizers, This is Money reports. Among those involved are Gavin Smart, chief executive of the Chartered Institute of Housing, David Sinclair, director of the International Longevity Centre, and Eamonn Donaghy, chief executive of the National Federation […]
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New York is the city with the top real estate value in the US, valued at $2.8 trillion, Lending Tree research shows. In New York City typical homes are valued at $501,000, Coming in second is Los Angeles at $2.3 trillion, while homes are even pricier at $668,000. Meanwhile in third place is San Francisco, […]
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Newcastle Intermediaries has reinstated its buy-to-let purchase and remortgage products to 75% LTV. Newcastle’s 2-year fixes start from 2.46% with no product fees, while its 5-year fixes start from 2.49% with a £999 fee. Across its residential range the lender is now also offering purchase products to 80% LTV. Last week also saw Nottingham for […]
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Two construction bodies have backed the Royal Institute of Chartered Surveyors’ (RICS) Conflict Avoidance Pledge (CAP), which is aimed at rapidly resolving contractual disputes caused by measures to protect against COVID-19. The National Federation of Builders (NFB) and the Scottish Building Federation (SBF) have both signed the pledge, while they will encourage members to consider […]
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