A service has launched which helps landlords vet their tenants called Husmus. Using Husmus tenants can create ‘rent journals’ which contain details on their household, rental history and income sources, which can be shared with prospective landlords. From next month landlords will be able to leave ‘postcards’ in which they describe the rental behaviour of […]
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Modular housing company ilke Homes has secured a site allocated for residential development in Rushden, Northamptonshire that has the potential to deliver up to 150 affordable homes for the local community. ilke Homes will work with East Northamptonshire Council, Rushden Town Council, and the local community in securing planning permission. Tom Heathcote, executive director of […]
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First-time buyers’ share of the housing market will fall by the end of 2020, according to Zoopla’s house price index. This year saw reduced availability of high-to-value mortgages, while the stamp duty holiday did more to help homemovers and investors than first-time buyers. The South East, Scotland and the South West in particular have seen […]
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Short-term finance can help you capitalise on opportunities, but you need a clear exit strategy, says Ben Lloyd, head of affiliates at Roma Finance Sometimes the most attractive returns come from the least attractive properties. Those that involve risk but offer landlords potentially high yields. In the right area and with the right know-how, savvy […]
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The property industry has collectively sent Chancellor Rishi Sunak a letter, requesting for the stamp duty holiday to be extended by six months. There are currently serious delays to the mortgage, conveyancing, and surveying processes, which as it stands could result in some buyers missing out on the holiday. The letter said: “Operational constraints in […]
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NatWest has unveiled the launch of its first ever Green Mortgage. The new product will offer a preferential interest rate to new or existing customers who are purchasing an energy efficient property. The Green Mortgage, available from today, will offer a discounted interest rate to customers purchasing a property with an Energy Efficiency Rating of […]
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Some 325,000 buyers could miss out on completing a home purchase before the stamp duty holiday expires, thanks to delays in the homebuying process. Delays to the mortgage process, as well as conveyancing and surveying, could see it take five months to complete the homebuying journey. The stamp duty holiday is due to expire at […]
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Investors in Birmingham can expect a rental yield of 5.4% and price growth of 14.2% in the next five years, making it the best location for investors, according to UK developer SevenCapital. Average rents have risen by 30% in the past decade, and are expected to increase by 15.9% in the next four. Prices in […]
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Glenhawk has launched its first regulated bridging product, for borrowers looking to secure finance against their primary residence. The product’s interest rates start from 0.55% per month, with terms of up to 12 months and a loan size between £100,000 and £1.5 million. There are no admin or exit fees. The product launch follows the […]
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John Dobson is chief executive at anti-money laundering service, SmartSearch Mortgage application fraud occurs when an individual provides false or altered documents in support of a mortgage application. Research from Cifas revealed that fraudulent applications on mortgages were up by 5% in 2019, as 13% of British adults believe it is ‘reasonable’ to exaggerate income […]
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