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Hope Capital has launched the ‘Seventies Collection’, which comprises of two bridging loan products available for seven weeks. The HOPE 70 bridging product offers the lender’s lowest non-discounted rate of 0.70% per month, and the HOPE 75 provides its highest LTV of 75%. Gary Bailey, managing director of Hope Capital, said: “We have seen a […]
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The Mayor of London has written to more than 40 London landlords to demand they begin work to remove dangerous aluminium composite materials (ACM) cladding immediately. In a letter to building owners who have had funding applications approved but are yet to start remediation work, Sadiq Khan has urged them to ‘take all the necessary […]
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Zoopla has seen the number of agent branches and new homes sites currently subscribed to the portal rise by 2% year-on-year. The annual growth follows a £30m investment that Zoopla made in the industry at the start of lockdown, waiving fees to agents for between five and nine months. Along with an increase in customer […]
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England is trailing the rest of the UK in regards to support for renters and landlords, according to the National Residential Landlords Association (NRLA). This claim follows news that the Scottish Government has developed an interest-free, hardship loan scheme to support renters to pay-off COVID related rent arrears. Chris Norris, policy director at the NRLA, […]
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National Federation of Builders has launched a construction training service for members, taking place online and face-to-face. Richard Beresford, chief executive of the National Federation of Builders (NFB), said: “The launch of NFB’s new training provision is another example of the improvements the team continuously make to add value to members. “The new training includes […]
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Parents face a 78% premium to live near an Ofsted rated ‘outstanding’ state secondary school, Trussle analysis of Zoopla data shows. Homes in postcodes with ‘outstanding’ schools had an average price of £446,919, £195,919 above the ONS average English house price of £251,000 Miles Robinson, head of mortgages at Trussle, said: “Recent reports suggest that […]
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The average rent in the UK is now £985, having risen by 2.1% on last month and 1.5% on last year, HomeLet’s rental index has found. Rents rose annually to August in nearly every region, as they increased by 5.5% across the South West to £899. However London rents fell by 2.1% year-on-year to £1,611. […]
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The Nottingham today reduced its Standard Variable Rate (SVR) from 5.74% to 4.24%. The society also relaunched all acquisition and retention products so they revert to the new rate at the end of the fixed rate periods. Nikki Warren-Dean, head of intermediary sales, said: “A lot of people at The Nottingham have been working extremely […]
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The Bank of Mum and Dad will be a driving force behind the recovery of Britain’s housing market as buyers struggle with the economic impact of the COVID-19 crisis, research from Legal & General and Cebr claims. Nearly one in four housing transactions (23%) will be backed by ‘BoMaD’ in 2020, with a quarter (24%) […]
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Landlords in the UK have welcomed the “important” concessions made by ministers about how repossessions cases in the rental market will be handled from the 20 September. The National Residential Landlords Associations (NRLA) lobbied after the Government U-turned on its plan for such cases to be heard again from 23 August. New regulations will mean […]
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