Letting agents are split on whether they feel positive about the future state of the industry, Goodlord’s State of the Industry Report has revealed. A sizeable proportion (40%) said they felt either “pessimistic” or “very pessimistic” about the future of the lettings industry Agents are now more negative than asked six months ago, when only […]
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Zephyr Homeloans, the specialist buy-to-let lender owned by Computershare, has reduced its income coverage ratios. For houses in multiple occupation (HMOs), multi-unit freehold blocks and flats above commercial property, Zephyr has reduced its ICR from 155% to 135% for limited companies and to 150% for individuals. Zephyr has also cut the ICR for new build […]
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Steve Harriott of the Tenancy Deposit Scheme has spoken out over a lack of transparency over deposit replacement products. There are concerns that ‘deposit-free’ renting is mis-sold to tenants unaware of the costs involved. The scheme gives renters the option of paying a smaller, generally non-refundable fee instead of a traditional deposit – but there […]
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House price growth in London rose by 2.4% in the final three months of 2019 – the first annual increase in six quarters, analysis of LonRes prime London sales data has found. Competition has ramped up in prime areas, with transactions across prime London rising by 34% in Q4 2019 year-on-year. Marcus Dixon, head of […]
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Bridging lender Hope Capital had its busiest ever January, with enquiries rising sixfold compared to the same month last year. The lender also saw the average loan value rise by 20% year-on-year. It almost trebled the number of cases funded compared to the average of the three previous months, with 57% more deals undertaking valuations. […]
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Homebuilder Miller Homes has raised over £500,000 for charity Habitat for Humanity Great Britain in the past three years. The money was raised for Global Village, which has seen Miller Homes teams help to build 10 ‘Habitat homes’ for orphans and vulnerable children in Malawi over the course of three trips. The money was raised through […]
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Annual house price growth reached 4.1% in January 2020, Halifax’s House Price Index has found. On a monthly basis prices jumped by by 0.4%, bringing quarterly growth to 2.3%. Russell Galley, managing director of Halifax, said: “A number of important market indicators continue to show signs of improvement. We have seen a pick-up in transactions […]
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The news that self-employed people find it harder to get a mortgage than those with bad credit comes as a surprise. Apparently just 76% of self-employed applications are approved, far less than those with bad credit (89%). It doesn’t seem to make sense, given that being self-employed is more of a lifestyle decision than having […]
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The number of property sales in Cork rose by 5.9% in 2019 compared to the year before, though there were 2.2% fewer in Dublin, MyHome.ie’s analysis of the Property Price Register has revealed. There were 6,447 sales in Cork, with the number in Dublin totalling 18,247. The county of Wicklow saw the biggest sales increase […]
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MPs are set to end the freeze on benefits today by agreeing to increase income-related benefits by the rate of inflation. The change should mean that Local Housing Allowance rates for private renters will rise by 1.7% from April 1, which could see 900,000 people get an extra £10 a month. However, Citizens Advice research […]
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