A new property portal app entitled MoveStreets has entered the market in the hope of changing the way prospective homebuyers and renters can shop the property market. Set up by entrepreneur and chief executive of Kamani Property Group Adam Kamani, who PropertyWire interviewed last month, MoveStreets allows users to browse the site’s database of available […]
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Rents are falling in London and Edinburgh but demand is pushing them up outside those cities, Zoopla’s rental market report has found. When London is taken out of the equation rental growth currently stands at 2.2% across the UK, but inside the capital there is rising supply and less demand, especially as you get more […]
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The UK’s economic recovery is expected to slow down in Autumn, according to economic consultancy Pantheon Economics. UK GDP rose by about 8% month-on-month in July but is only expected to grow by 3% in August and September, before fading to below 1% after that. While households are expected to see their incomes rise in […]
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Mortgage brokers are searching for criteria on holiday lets and limited companies, likely caused by the pandemic and the introduction of the stamp duty holiday. The data comes from Knowledge Bank, which reveals the criteria buy-to-let brokers are researching into on behalf of their landlord clients. Demand for holiday lets could be on the rise, […]
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Whitehall Capital has completed a £2.3m loan to refinance a refurbished £3.1m eight-unit residential development scheme in Peckham, London, in eight days. The property, originally two terraced houses, has been developed into eight flats. Christos Kitromilides, Whitehall Capital analyst, said: “This is a very difficult time for many businesses, and the consensus is for things […]
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Portico, an estate and lettings agency, has partnered with Goodlord to offer landlords insurance. If landlords take out a policy they will have their rent paid in full should the tenant fall into arrears. This applies for up to 12 months. The basic policy costs £250+VAT. Robert Nichols, chief executive of Portico, said: “Landlords and […]
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Mortgage searches by advisers around visas and non-UK residents has seen a significant rise according to Legal & General Mortgage Club. Data from the SmartrCriteria tool, which helps advisers to determine whether a particular lender would consider a mortgage application from their client, shows that criteria searches related to ‘visas’ were ranked as the most […]
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The cost of renting increased across six out of eight regions of the UK – with particularly strong increases in the North East and East Midlands, Goodlord’s rental index has found. In July the typical cost of renting was £838.24 in the North East, up from £652.61 in June. The East Midlands also saw a […]
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There are currently 167,853 build-to-rent homes being constructed in the UK, an increase of 22% from the same period last year. Within London there are 11% more build-to-rent developments, while outside there are 34% more in the planning, construction or completed phases. Promisingly there are 46,221 new builds in the planning phase outside of the […]
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Paul Howells (pictured), chief executive of Accumulate Capital Buy-to-let landlords have been feeling the pressure in recent years. Since 2016, new reforms and regulations have made the process of buying, selling and managing rental properties increasingly difficult and complex. The onset of COVID-19 has only made things more complicated, and some are no doubt questioning […]
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