Some 43% of UK investors between 18 and 34 plan to buy more property due to the stamp duty holiday, research from FJP Investment has found. For all investors this falls to 24%, as younger landlords are keenest to take advantage. Stamp duty was temporarily cut on property purchases worth up to £500,000 last month. The […]
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Nima Ghasri, director at regulated property buyers, Good Move Up to 56,000 people are still living in properties with the dangerous ACM cladding the same as Grenfell Tower. Which cladding is dangerous? Aluminium Composite Material (ACM) was the cladding used on Grenfell Tower and has now been found to be combustible and incredibly dangerous. The […]
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Vida, the specialist mortgage lender has partnered with Zoot to develop a digitally focused mortgage journey for brokers. The partnership is a significant part of Vida’s £5m investment in its technology strategy. The cloud-based platform will allow Vida to create an advanced ecosystem at both the front-end of the business and behind the scenes. This […]
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UK average house prices increased by 2.6% over the year to April 2020, down from 3.5% in March 2020 according to the latest ONS House Price Index. Average house prices increased over the year in England to £251,000 (2.5%), Wales to £169,000 (5.0%), Scotland to £153,000 (1.6%) and Northern Ireland to £141,000 (3.8%). London’s average […]
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Buy-to-let rates to 60% loan-to-value have risen significantly since March, Moneyfacts’ buy-to-let product data shows. The typical cost of a 60% LTV 2-year fix is currently 2.42%, up from 1.89% in March. For a 5-year fix to 60% LTV the average cost has risen from 2.31% to 2.76%. While this may be bad news for […]
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The proportion of transactions involving new builds are most common in the North East (10.9%), East Midlands (10.7%) and London (10.7%), research by property developer StripeHomes has found. Within London, 40% of all transactions in the last year were new builds in Tower Hamlets, while in Hackney and Greenwich the sector accounted for 28% of […]
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A significant proportion (43%) of London employees want to work locally for all or some of the time going forwards, a survey commissioned by flexible workspace operator Spacemad found. The most popular option was found to be 2-3 days a week working from a local workspace (61%) and 2-3 from company headquarters. Only 15% want […]
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Completed rentals were up by 30% in July for property management firm, D. J. Alexander. There were 235 new rentals, of which the majority were finalised through virtual viewings. David Alexander, joint managing director of D. J. Alexander, said: “We have had an incredibly busy July with substantially increased demand from renters. “This has helped […]
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The North East is the current new-build property hotspot compared to all regions of England and Wales, with 10.9% of all transactions occurring within the new-build sector according to the latest research by property developer StripeHomes. StripeHomes analysed property transaction data over the past 12 months to find which areas were home to the largest […]
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PRIMIS Mortgage Network has partnered with Foundation Home Loans, the intermediary-only specialist lender. PRIMIS’ advisers will be able to access Foundation’s specialist product ranges for residential borrowers with complex income, employment or credit history, and for buy-to-let landlords and limited companies seeking to purchase or refinance a wide range of property types including houses in […]
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