Lettings platform PlanetRent has partnered with virtual reality technology company The 360 View to offer virtual tours of rental properties. The partnership allows landlords and agents to create virtual tours that they can attach to the property listing through the PlanetRent platform. Renters who use the PlanetRent platform will be able to access a four-minute […]
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Nima Ghasri, director at regulated property buyers, Good Move offers helpful tips on how to get a mortgage approved when self-employed. Securing a mortgage when self-employed isn’t as difficult as some might imagine – although you will need to provide some proof of self-employment and demonstrate your incomings and profits. Lenders will look at your […]
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Today I published an article about lengthy lender wait times, which have become a frustrating part of Covid life. Potentially buyers can miss out on a property purchase if they leave it late to apply for a mortgage, given that it can cost well over a month for them to go from application to offer. […]
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Mortgage lenders are taking longer than usual to handle mortgage applications, much to the frustration of potential homebuyers and their mortgage brokers. This has been blamed on strong demand, Covid-19 heightening application complexity and, with buy-to-let, a difficulty in scheduling surveyor visits to tenanted properties. At the time of writing Santander is taking 26.2 working […]
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Scotland must encourage investors into its property market to support the economy once the coronavirus recedes, property management platform apropos has argued. David Alexander, joint managing director of D.J. Alexander and apropos, argued that Scotland should align its Land and Building Transactions Tax thresholds with Stamp Duty in England. He said: “Clearly there is going […]
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Almost a third (31%) of probate cases in the last 12 months have faced delays in closing an estate, research from Direct Line Life Insurance’s probate lawyers has revealed. The most common reasons causing issues when settling an estate were; one or more of the listed beneficiaries could not be found (33%), there were difficulties […]
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The South West of England is the leading UK region when it comes to rent increases, as they were 6.6% higher in September than the same month last year. HomeLet’s Rental Index shows that rents averaged at £902 in the South West in September 2020, up from £846 in September 2019. There were also strong […]
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London renters are increasingly looking to Hammersmith and Fulham, where rental enquiries have surged by 67% from last year, research from proptech lettings service Home Made has found. Other areas with strong demand, based on the total number of enquiries per property, are Ealing (2nd), Camden (3rd), Kensington & Chelsea (4th) and Tower Hamlets (5th). […]
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London Credit has completed a complex £1.8m refinance bridging loan for five residential properties located in North London. The client was a UK property investor holding a portfolio of five, freehold properties in Tottenham and Cockfosters, with a total value £3.3m. The 12 month loan, with an LTV of 54.1%, was used to consolidate two […]
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Buy-to-let investors are holding onto properties for a number of years, research from independent estate agents ludlowthompson found. Some 29% of investment properties sold in 2018 had been owned for more than 15 years, up from 22% two years previously. The agency said one in five investment properties sold in 2018 had been owned for […]
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