Property transactions increased by 21.3% from August to September, HMRC statistics show. Following the rise they are slightly lower (0.7%) than September last year. Alan Cleary, managing director for mortgages at OneSavings Bank, said: “Housing transactions continued to recover strongly in September which is great news for the market. “At close to 100,000, the number […]
The post Residential transactions up 21.3% month-on-month appeared first on PropertyWire.
A quarter (25%) of British homeowners with annexes could have overpaid on stamp duty according to new findings. Around 10,000 homeowners with annexes on their properties were reportedly not advised that they could have paid less stamp duty at the point of purchase. Recently, properties with an annex have become a popular choice among buyers […]
The post Quarter of homeowners with annexes may have overpaid on stamp duty appeared first on PropertyWire.
Clydesdale and Yorkshire Bank have re-entered the mortgage market, with a range of residential and buy-to-let products. The lender now offers 2 and 5-year fixed rate buy-let products from 2.79% to 75% LTV. On the residential side there’s 2 and 5-year fixes to 80% LTV, as well as a 5-year fix to 85% LTV for […]
The post Clydesdale and Yorkshire return to market appeared first on PropertyWire.
Homeowners planning to take advantage of the current stamp duty holiday should begin their journey by 1st November or risk missing out, according to Legal & General Mortgage Club. The market is currently subject to a number of delays, meaning transactions take longer to go through than normal. The stamp duty holiday affects the first […]
The post To benefit from stamp duty holiday people should start search by 1st November appeared first on PropertyWire.
Property technology platform Goodlord has released a new version of its referencing service for letting agents to include bank-grade facial recognition technology and Open Banking capabilities. Customers can use facial recognition to match photos of applicants to the photo on their ID to provide near-instant confirmation of tenants and guarantors’ identification. Kat Wynne-Ellis, Goodlord’s head […]
The post Goodlord unveils facial recognition technology in referencing revamp appeared first on PropertyWire.
There was a marked increase in young renters heading to the capital throughout September 2020, data from Build Asset Management reveals. The company saw a 192% increase in signed rental agreements amongst young professionals taking out leases on co-living accommodation compared to the demographic during January and February 2020. Of the under-24s taking out new […]
The post Influx of under-24s heading to London to live in houseshares appeared first on PropertyWire.
John Lewis plans to build homes across 20 of its locations, as part of plans to revive the business. Rental properties will be constructed above or beside Waitrose supermarkets, a subsidiary of John Lewis, while the company is also looking to sell home insurance. Sharon White, an economist who joined as chairman in February, said […]
The post John Lewis to become a residential landlord appeared first on PropertyWire.
The average London room rent fell by 7% from £780 in Q3 2019 to £725 in Q3 2020, as the capital continues to struggle due to the pandemic. Rents fell by as much as 20% in Maida Vale/Paddington, as well as 17% across Westminster/Belgravia/Pimlico. Matt Hutchinson, director of SpareRoom, said: “Once again, London dominates the headlines […]
The post London room rents fall for the second quarter running appeared first on PropertyWire.
The cost of three or four bedroom homes suitable for second steppers reached a record £291,618 in September, Rightmove’s house price index has found. The cost of those homes rose by 0.4% month-on-month and 5.7% annually. However the price of homes suitable for first-time buyers has fallen by 0.4% on a monthly basis to £200,324, […]
The post The price of larger homes on the up appeared first on PropertyWire.
UK anti-money-laundering firm SmartSearch recorded its best ever month in September, with record revenues, profits and client volumes. The firm, based in Ilkley, West Yorkshire, attributed the increases to the rising threat of money laundering and financial fraud from organized crime gangs, who are taking advantage of the coronavirus crisis. John Dobson, chief executive of […]
The post More people seek protection from financial fraud appeared first on PropertyWire.