UK homemovers are increasingly insisting that Covid Clauses are inserted into their contracts, in case they are unable to move due to the pandemic. That is according to national law firm Devonshires, which said customers are worried a local lockdown could prevent them from moving to their new home. A Covid Clause offers parties the […]
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Ipswich Building Society has hired Charlotte Grimshaw as head of mortgage sales, a role in the senior management team. She previously spent eight years at Family Building Society, while before that she worked at Marsden Building society. Richard Norrington, chief executive of Ipswich Building Society, said: “We know just how important intermediaries have been to […]
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Private landlords are welcoming the news that the Government has accepted many of their recommendations about how the new Green Homes Grant scheme should work. Announced in the Chancellor’s Summer Statement, the scheme will see the Government provide at least two-thirds of the cost of improvement work for homeowners and landlords to make their properties […]
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Online platform Lendlord has partnered with Guardian Tax & Accounting to enhance its portfolio management product with automated tax insights for landlords. The product hopes to provide landlords with the ability to track their portfolio’s net profit, total capital gains tax and their inheritance tax exposure on an ongoing basis. Guardian Professional, who are specialist […]
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Rents have surged in the North West of England in the past year, rising by 6.5% to average at £773 in July 2020. They also increased by 2% from June to July, suggesting demand has been strong following the lockdown. The region with the biggest month-on-month increase in rents was Northern Ireland, with a rise […]
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West One has relaunched its buy-to-let range, lending up to 75% LTV with loan sizes up to £1m. The lender has reduced all rates by 0.65%, so they start from 3.59% for standard residential products and 3.79% for specialist products. The maximum loan size has been increased from £750,000 to £1m, while the LTV was […]
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Evictions should not be considered in the current climate, according to management firm Apropos. David Alexander, joint managing director of Apropos, said: “During these extraordinary times it is essential that agents and landlords work closely with tenants to develop and maintain a strong relationship to produce the best outcome for all involved. “Excellent communication is […]
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Approval has been granted for 56 apartments in Longbridge Town Centre, after Birmingham City Council’s Planning Committee granted planning permission subject to conditions and a S106 Agreement. The ‘L’ shaped building will be set over four floors, with a 5th storey on the corner elevation, and will include a mix of 35 two-bedroom apartments and […]
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Bridging lender Funding 365 is expanded into development finance with the launch of its Light Development product featuring interest rates from 0.79% per month. The product is designed to enable borrowers to carry out property conversions and heavy refurbishments, or to finish and exit their existing development projects. This product, which is customisable, will allow […]
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Specialist bank Shawbrook has returned to some of their pre-pandemic criteria, following a previous tightening as a result of the coronavirus crisis and several changes to selected product ranges in March. One of the key changes unveiled to brokers this week is the return of the heavy refurbishment products under their bridging finance range, which […]
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