Gatehouse Bank has cut rates across its buy-to-let mortgage range. The most significant reduction is a 0.70% rate cut to its 5-year fixed term for international residents, which now costs 3.99%. For UK residents, the 2-year fixed term and 5-year fixed term buy-to-let products have been cut by 0.10% to 3.19% and 0.24% to 3.65% […]
The post Gatehouse cuts buy-to-let rates appeared first on PropertyWire.
Extending a City of London property would increase its value by £285,566 by square metre – the most across the UK, research from Leisure has found. In second was Westminster (£36,030), followed by Camden (£36,030). Outside of London homes in Broxbourne, Hertfordshire, are the most likely to have their value increased by an extension, with […]
The post City of London renovation would give biggest boost to property value appeared first on PropertyWire.
House price growth reached 4% in the year to December 2019 despite pre-election jitters, Halifax’s House Price Index found. Prices rose by 1.7% on a monthly basis, bringing quarterly growth back up to 1.0%. Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: “On the back of the largest monthly increase for […]
The post Annual house price growth reaches 4% in December appeared first on PropertyWire.
Jan Večerka (below) is chief executive and founder of BrikkApp, a Europe-based company that connects investors with property investment platforms from across the world You don’t need to fully own something to enjoy it. That has become the mantra of the sharing economy – a model that has had a seismic effect on how we […]
The post Real estate crowdfunding: what is it and how to get started appeared first on PropertyWire.
Mortgage switching tool Dashly has partnered with Castlight Financial, part of Experian. Via open banking technology, Castlight’s Affordability Passport means Dashly users can choose to share their current account transactional data in real time with both their advisers and lenders. Martin Leonard, chief operating officer, Castlight Financial, said: “We are thrilled that our technology is […]
The post Dashly partners with Castlight appeared first on PropertyWire.
A quarter (26%) of landlords plan to cash in on at least one property this year, potentially putting half a million homes up for sale, research by landlord insurance provider Simply Business has found. What is more, four fifths (82%) of landlords are not planning on buying any more properties in 2020. The top reasons […]
The post A quarter of landlords plan to exit the market this year appeared first on PropertyWire.
The UK has seen nearly 40,000 planning applications filed retrospectively for developments in the past three years, research from Churchill Home Insurance has revealed. If a homeowner makes a change to their property that requires planning permission and they have not had approval, a local authority can request they submit a retrospective planning application. A […]
The post 40,000 retrospective planning applications in three years appeared first on PropertyWire.
The cities of Barcelona and Vienna saw significant rental growth in 2019, contrasting with sluggish activity in expensive cities like London and Amsterdam. The cost of renting an apartment in Barcelona increased by 9.6% to €1,249. Meanwhile Vienna saw a massive 14.6% increase in the price of studios to €804 per month. The research came […]
The post Barcelona and Vienna lead the way on European rental growth appeared first on PropertyWire.
The cost of renting UK property was £902 in December, down from an average of £927 throughout 2019, the Rental Index from lettings platform Goodlord has revealed. Five out of the eight regions saw rents remain at November levels or dip slightly in December. The largest decrease was recorded in the North East, where average […]
The post Rental market sluggish in December appeared first on PropertyWire.
A Grade II-listed former office building in the town centre in Hexham, Northumberland is set to be converted after funding was secured to acquire the building. Funds advised by Hilltop have provided a £2.6m loan to LOK Development 05 Limited, a company controlled by the Morton Group. The funds will be used to develop 16 […]
The post Hilltop completes £2.6m loan for development in Northumberland appeared first on PropertyWire.