Landbay has launched two 5-year fixed rate buy-to-let products at 3.55% to 75% LTV. One product has a maximum loan size of £525,000 on properties up to £700,000, while the other has a maximum loan size of £1m. Paul Brett, managing director of intermediaries at Landbay, said: “It is a testament to Landbay’s confidence in […]
The post Landbay unveils buy-to-lets appeared first on PropertyWire.
The government has made an 11th hour extension to mortgage payment holidays – which were due to finish at the end of October. Borrowers that haven’t taken a mortgage holiday will still be able to do so, with payments being paused for six months. Those who already have a holiday can extend it until it […]
The post Mortgage payment holidays extended appeared first on PropertyWire.
Half (47%) of people who haven’t yet retired and experienced lockdown loneliness are now reconsidering their later life plans, research from Audley Villages has found. A quarter (26%) of people who have experienced loneliness and have not retired plan to stay busy with activities and social groups when they get older, 17% want to ensure […]
The post Lockdown loneliness prompts people to change retirement plans appeared first on PropertyWire.
Communications provider Moneypenny has partnered with lead management software Area to provide inbound and outbound lead follow-up for property agents across the UK. This addition means inbound leads will be responded to immediately, including those from Rightmove, Zoopla and On The Market. Joanne Tattum (pictured), channel manager at Moneypenny, said: “The launch of our outbound […]
The post Moneypenny partners with lead management specialist appeared first on PropertyWire.
Delhi is the urban centre offering the most space for the average UK house price of $300,000, research from real estate marketplace Point2 has found. That money will buy you almost 5,000 square feet in Delhi, compared to just 359 in London. In Canada Ottawa offers the most space, at 1,444 square feet. Looking at […]
The post Where you get most space for $300,000 appeared first on PropertyWire.
October proved a slower month for the UK rental market, with the average cost of rent falling and void periods increasing in all regions, property technology company Goodlord has found. Across the UK the average cost of rent decreased by -9%, with the South West seeing the biggest reduction (-26%). Void periods rose to 23 […]
The post Rents down and voids increase as market cools across UK appeared first on PropertyWire.
NatWest’s launch of a green mortgage last week means there are two big-hitting lenders competing in the same space. Barclays was the first UK lender to launch a green mortgage in 2018, so it’s healthy that two lenders could potentially drive rates down. There’s an economic argument for these types of mortgages, as living in […]
The post NatWest’s green mortgage is healthy competition appeared first on PropertyWire.
John Redwood, chief global strategist for Charles Stanley Prior to the pandemic hitting, the prospects for property investment looked good. The income available on putting your money into good quality offices or warehouses was generous compared to the income on shares or bonds. In the UK most tenancy agreements were based around regular upwards only […]
The post How good an asset is commercial property? appeared first on PropertyWire.
Yearly house price growth increased to 5.8% in the year to October 2020, Nationwide’s House Price Index has found. This represents an increase from the 5.0% growth in September 2020. Monthly price growth has slowed from 0.9% between August and September to 0.8% between September and October. Robert Gardner, Nationwide’s chief economist, said: “Data suggests […]
The post Nationwide: House price growth rises to 5.8% appeared first on PropertyWire.
Pet ownership has jumped during the pandemic, however only 2.8% of UK rental properties are advertised as being pet friendly, Home Made research shows. Plymouth is home to the most pet friendly rental properties, with 8% of rentals welcoming pets, followed by Edinburgh (6%). However in Belfast and Leicester there are no pet friendly properties […]
The post There’s a lack of pet friendly rentals appeared first on PropertyWire.