The pandemic has seen the cost of renting fall by -7.9% in London and -7.7% in the South East between March and September. The typical month rent is now £1,519 in London and £1,061 in the South East, analysis from lettings management platform Howsy shows Other areas seeing reductions include the East of England (-3.1%) […]
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Almost two thirds of London renters (60%) are considering leaving the capital for the coast to seek cheaper living costs, according to the latest research by online lettings agent Mashroom. The research was a survey compiled of those currently paying an average of £1,464 a month on accommodation. Of those surveyed, 41% said that living […]
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BidX1, a digital property investment platform, and estate agency Foxtons have unveiled a strategic partnership which will see BidX1 become Foxtons’ exclusive auction partner. The two firms initially joined forces in February when Foxtons began listing selected properties in London and the South East on BidX1’s digital platform. Following the success of that early collaboration, […]
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There were 16.3% fewer UK property transactions in August compared to the same period in 2019, HMRC statistics show. There were 81,280 residential property transactions in August, which still represented an increase of 15.6% from July 2020. Paul Stockwell, chief commercial officer at Gatehouse Bank, said: “August’s figures mark the third full month of transactions […]
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Simon Painter (pictured), partner at BDB Pitmans Balancing the interests of landlords and tenants is no easy task, but the pandemic has thrown these tensions into stark relief. It is clear that the government is wary of the potential levels of homelessness that may result from the pandemic, but many landlords also find themselves in […]
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The Nottingham for Intermediaries has temporarily withdrawn its mortgage product range. The lender will now only handle applications that have already been submitted. The society blamed the move on unprecedented demand. Nikki Warren-Dean (pictured), head of intermediary sales at The Nottingham, said: “The aim of this temporary measure is to support brokers and their clients […]
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Saffron Building Society today re-entered the expat buy-to-let market. The lender is offering a 5-year fix at 4.27%, as well as a 2-year discount at 3.99% with a £1,995 fee, both to 75% LTV. Saffron withdrew from buy-to-let in March 2016. Tony Hall, interim head of mortgage sales, said: “We are so pleased to re-enter […]
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Victoria Yasineskaya, chief marketing officer at PagoFX There’s little doubt the ongoing Covid-19 pandemic has totally changed the way we think about where we live and where we work. As decades of expected change to remote working has happened in just a few months, the new normal of working from home for a majority of […]
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The pandemic has caused nearly half (46%) of first-time buyers to delay their plans of purchasing a home by an average time of nearly a year, according to the latest research by Aldermore. Aldermore’s First Time Buyer Index, which compiled a survey of 1,000 prospective first-time buyers, reveals that one in six (17%) have had […]
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There will be 24% fewer students heading to London this term – costing the student rental sector £65m a month according letting and estate agent Benham and Reeves. As it stands just 22% of student-specific rental properties in London have been snapped up. However the ratio is higher in some areas, including Merton (80%), Bromley […]
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