Online searches for pet-friendly rental property have spiked post-lockdown to the highest level since records began in 2004. Search queries for ‘Pet friendly rentals’, ‘Pet friendly apartments’ and ‘Pet friendly’ in the real estate category have all increased dramatically since lockdown ended, according to Google Trends. Research by the Dogs Trust found that 78% of […]
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The government’s idea of allowing first-time buyers to draw from their pension for a deposit is an interesting idea, but it’s unlikely to help many people, Ipswich Building Society’s head of mortgage sales, Charlotte Grimshaw said. Pensions minister Guy Opperman is exploring using workplace pension auto-enrolment to fund deposits. Grimshaw said: “Based on UK average […]
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Romanian PropTech startup Bright Spaces has signed with Manchester-based Moorland Property Solutions. Moorland will use the platform to showcase its office building at Brickfield Business Centre, Northwich, in December. Bright Spaces is based on interactivity, virtual reality, 3D renderings, and automation. Oliver Moorhouse, director, Moorland Property Solutions, said: “We have developed a business centre which […]
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Newcastle Intermediaries has added two 80% LTV mortgages with rates as low as 1.89%. The two and five-year fixed rates can be used to support customers purchasing a home or remortgaging for a cheaper deal. A two year fixed rate at 1.89% is available at a max LTV of 80%. An early repayment charge of […]
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The FCA has issued financial firms fresh guidance on how they should support customers before they miss payments due to the pandemic. Actions they could take include suspending, reducing, waiving or cancelling further interest or charges, permitting a customer to make no or reduced payments, as well as agreeing a payment plan. The regulator said […]
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The 2% stamp duty surcharge affecting non-residents will seriously impact developers and may cause inflation, tax and advisory firm Blick Rothenberg has warned. The surcharge will come into force in April 2021 in England and Northern Ireland. Sean Randall, a partner at Blick Rothenberg, said: “Its aim is to control house price inflation by reducing […]
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The lockdown caused a marked decrease in the number of new tenancies between March and May – as they fell by 21% year-on-year to 61,972. On 26 March The Health Protection (Coronavirus, Restrictions) (England) Regulations 2020 was published, which imposed new restrictions on movement during the ‘emergency period.’ These emergency regulations stated that: ‘During the […]
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September was a busy month for home sales in the Greater Toronto Area, as detached home sales increased by 28% year-on-year. The median home price for detached properties in the City of Toronto for September 2020 was $1,185,000 (£689,457). There was also a 7% rise in condo sales. Across the City of Toronto’s 35 neighbourhoods, […]
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LendInvest has reported a record quarter for signed bridging applications in Q3 2020. Bridging applications were up 65% year-on-year in the third quarter compared to the same period in 2019. Justin Trowse, director of bridging at LendInvest, said: “It’s been a tremendous quarter for new short term lending business at LendInvest. “Our pipeline is a […]
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There was almost £600bn of equity available for release in UK homes in Q3 2020, an increase of £100bn from Q2, analysis from Canada Life has revealed. The figures, based on the latest Halifax quarterly Regional House Price Index, reveal that the total amount of housing equity available to homeowners aged over-55 now stands at […]
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