Legal & General Mortgage Club has raised concerns about the widening gap between supply and demand after the lockdown period. One in four people (25%) plan to buy a home in 2020, with a further 28% saying they are considering a property purchase this year. However only 4% of homeowners are looking to sell this […]
The post L&G: ‘Unprecedented’ demand from homebuyers could dry up UK housing stock appeared first on PropertyWire.
TSB has upped its buy-to-let stress rate to 5.5% across most of its products. This applies for remortgages and fixed rates spanning at least five years. Meanwhile digital lender Selina Finance has increased its maximum LTV for portfolio landlords for 75% LTV for those taking out a revolving credit facility against multiple properties. Selina has […]
The post Buy-to-let product update: TSB ups rates and Selina Finance increases LTV appeared first on PropertyWire.
LendInvest will now provide pre-agreed limits on how much it will lend, meaning landlords can then go through a shorter underwriting process when applying for a mortgage. As part of a standard mortgage application, if an appetite statement is requested an interview will be carried out to ascertain the borrower’s business plan along with their […]
The post LendInvest unveils ‘appetite statements’ for landlords appeared first on PropertyWire.
A quarter of UK employees (25%) admit to sleeping on the job whilst working from home throughout Covid, a survey from printing and business card company instantprint found. More than a third of Brits (37%) are working less hours since working from home, with the other major distraction being Netflix (37%). Jon Constantine-Smith, head of […]
The post Brits admit to sleeping on the job when working from home appeared first on PropertyWire.
Playing music loudly (28%) is the top reason for neighbour complaints, followed by having loud parties (26%), research from property buying company Good Move found. Almost two thirds (64%) of people have had arguments with their neighbours at some stage. Other common reasons include having overgrown plants and trees (19%), parking over the others driveway […]
The post Neighbours mainly fall out over loud music appeared first on PropertyWire.
Offr, the proptech platform digitising the buying, selling and leasing process for real estate agents and buyers, has launched in the UK & Australia. The company has raised £2.7M (€3M) in seed funding led by Barclays. Also participating in the round were Delta Partners on behalf of Bank of Ireland, AIB, Enterprise Ireland, The European […]
The post Digital property platform Offr launches with the help of Barclays appeared first on PropertyWire.
Property instructions and viewings were up in July following the stamp duty holiday, according to data published by property group Andrews. Viewings saw a monthly increase of 29% in July, with physical viewings up 45% as buyers returned to the market. There were almost 6,000 viewings in July compared to just 20 in April, with […]
The post Property viewings up 30% in July appeared first on PropertyWire.
Foundation Home Loans has enhanced three of its 5-year buy-to-let products available to both limited company and individual landlord borrowers. In its F1 buy-to-let product range, intended for landlord borrowers with an almost clean credit history, it has cut its five-year rates on its 65% LTV product to 3.24% from 3.39%, and its 75% […]
The post Foundation Home Loans cuts 5-year BTL fixes appeared first on PropertyWire.
Sachin Parmar (pictured), senior planner at Marrons Planning, planning consultancy, part of law firm, Shakespeare Martineau. The UK has been in the midst of a housing crisis for years, and COVID-19 has highlighted that a failure to cater to people’s needs is an integral part of it. A housing revolution is required, with residents’ wellbeing […]
The post Building for a Healthy Life: it’s time to shine a light on wellbeing appeared first on PropertyWire.
More than twice as many principals, advisers and administrators worry about the impact of a second coronavirus lockdown than about Brexit, a survey from the MCI mortgage club has found. Nearly three-quarters (73%) worried about the impact of a fresh lockdown on the mortgage market over the next 12 months, compared to a third (35%) […]
The post Property industry worried about second wave appeared first on PropertyWire.