Assured Sale and Progression (ASAP) has launched a proposition guaranteeing no-sale, no-fee on all legal costs and disbursements, including searches. The service reduces the average transaction time from sale agreed to exchange to 77 days on average – seven weeks faster than the industry average. Having tested the proposition, the business is now rolling out […]
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Aldermore Bank has relaunched its buy-to-let proposition, which includes a fee-free 5-year fix at 3.48% for individual landlords. The maximum loan limits have been increased from £600,000 to £1m to 75% LTV, and from £400,000 to £500,000 to 80% LTV. Meanwhile maximum terms have been extended from 35 to 40 years. Damian Thompson, group managing […]
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Just 76% of self-employed applications are approved, far less than those with bad credit (89%), Trussle’s Mortgage Saver Review found. Those at a high loan-to-value had more success, at 85%, first-time buyers had a 90% approval rate, while the retired were accepted 86% of the time. Miles Robinson, head of mortgages at Trussle, said: “The […]
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Prime London property prices rose by 4.8% in the fourth quarter of 2019, taking the annual rate of increase to 5.3%, the Coutts London Prime Property Index found. Demand seems to be on the up, as 10.1% more properties sold in the final quarter of 2019 than the corresponding period in 2018. However the number […]
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The proportion of homes sold about the list price fell to a three-year low of 19.9% in 2019, suggesting last year was a less competitive one for buyers. The coolest top-35 markets were Miami (8.9% of homes sold above asking), Las Vegas (12.6%) and Tampa (13.3%). Las Vegas fell from 26.8% a year ago, which […]
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Letting agents have lost money due to the Tenant Fees Act of June 2019, research from lettings platform Goodlord has found. A third (31%) of letting agents said their agencies have lost between 10-20% of their revenue, while 28% said their agencies had lost up to 10% of their revenue. Some say the impact has […]
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Estate agents are most wary of being asked how much money a property has lost in value over the years, research from www.Hillarys.co.uk has found. They also dread being asked whether there are plans in the local area that can affect homeowners, followed by the lowest price that sellers are willing to go. Matthew Wasley, […]
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Tony Murrell is the author of the e-book ‘How to Solve the UK Housing Crisis’, all the proceeds of which are being donated to Shelter – the housing and homelessness charity. He was a housing professional for 30 years, spending the last 15 of them as a local authority director of housing. For far too […]
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Female renters over the age of 60 spend 88% of their salary on their tenant deposit, research from tenant deposit rental scheme Ome has found. With males this drops to 55%, highlighting the gender divide when it comes to older renters. Matthew Hooker, co-founder of Ome, said: “Those in the youngest age groups tend to […]
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Property Booking has experienced a surge of enquiries this January from buyers considering shared ownership. The website, which hosts details of homes available to purchase and rent, saw searches for the affordable home-buying option of shared ownership soar by 62.4% during the first four weeks of 2020. Jimmy Acton, director at Property Booking, said: “Shared […]
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