Aviva is urging residents to be on their guard, as 64% of burglaries in England and Wales occur while residents are at home, according to ONS data. The proportion of burglaries happening while someone is at the residence has crept up over the last decade, from 57% 10 years ago. Some 15% more in burglaries […]
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Anthony Rose is director of LDNfinance The well-bandied around term ‘cash is king’ has never been truer when talking of the UK buy-to-let (BTL) property market in the wake of the pandemic. With the country facing twice the amount of redundancies compared to the last recession, higher property prices and the recent eviction ban legislation […]
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People who normally take a trip and therefore leave their houses empty for 15 to 30 days at a time could save 15% on their home insurance policy due to the pandemic, data from Quotezone.co.uk shows. By updating their insurance policy to indicate that the property will no longer be empty for that period due […]
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By Mike Scott, partner and head of the real estate team at legal practice Cripps Pemberton Greenish Digital acceleration, once a buzzword in strategy papers, has become a living reality in the wake of our current public health crisis. The property industry has struggled at times to identify genuine problems that need solving, but as […]
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Investment firm Thirlmere Deacon has urged landlords to look at Preston, whose population is growing more rapidly than other nearby cities, according to the Preston City Council. Between mid-2001 and mid-2017, Preston had an increase in the population of 8.4%, which was greater than the overall North West region’s population growth at 7.2%. There was […]
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Letting platform Flatio has acquired digital nomad housing marketplace NomadX in a move worth £3.6m. The deal will see the Czech-based proptech company take on NomadX’s inventory of apartments, staff and social platform. Flatio, which turned over £4.5m last year, plans to have at least 10,000 UK property listings on its inventory in the next […]
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Virgin Money has increased a range of residential mortgage rates. Across its core residential range, rates have been hiked by between 0.09% to 0.35%. The biggest increase was to the 75% LTV 5-year fix fee-saver, which now costs 2.43%. Virgin has also increased shared ownership rates by between 0.15% and 0.30% across 2 and 5-year […]
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The North West towns of Blackpool and Burnley are home to the most empty homes in the UK, surprisingly followed by the City of London. Coulters Property research shows that 5.47% of dwellings are vacant in Blackpool, followed by 5.09% in Burnley and 4.78% in the City of London. Other areas with a high proportion […]
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The upcoming investigation by HM Revenue and Customs (HMRC) into Airbnb landlords could result in a significant exodus of landlords from the short term letting sector, property management firm Apropos has warned. Airbnb has passed on the financial transactions of 225,000 people who rent out homes and rooms through its site, which could potentially result […]
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Buy-to-let lender Landbay is offering free title indemnity insurance on all buy-to-let remortgages. Title insurance will be available on remortgages up to £1m and to 75% LTV. Paul Brett, managing director of intermediaries, at Landbay, said: “Offering free Title Indemnity Insurance on remortgages will decrease the amount of time it takes for the remortgage to […]
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