Hargreaves Lansdown has urged buyers not to rush into moving due to the stamp duty holiday, given that it’s causing short-term price inflation. The Halifax house price index put inflation at 7.3% in the year to September, while home sales rose by 21.3% in the same month. Sarah Coles, personal finance analyst, Hargreaves Lansdown, said: […]
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Specialist buy-to-let lender Landbay has refreshed its core product range. The lender has introduced a free valuation on its 5-year fixed rate mortgage to 75% LTV, and reduced the rate from 3.69% to 3.65%. Title indemnity insurance is also offered across its ranges. Despite the slow lender times across the market, Landbay said most offers […]
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United Trust Bank (UTB) has funded a £7.6m development of new houses and bungalows close to Milton Keynes in Buckinghamshire. The development, in the sought after village of Newton Longville, is being completed by James Taylor Homes in a joint venture with Housing Growth Partnership (HGP). James Hutchinson, investment director of Housing Growth Partnership, said: […]
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Gino Capolino, co-founder and managing member of Manhattan-based contractor, Structure NYC In just a few short weeks, COVID-19 changed everything. No industry has been left untouched, and it’s pretty safe to say that most industries may never look the same again, at least for the foreseeable future. Few industries have felt the impacts of the […]
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Property transactions increased by 21.3% from August to September, HMRC statistics show. Following the rise they are slightly lower (0.7%) than September last year. Alan Cleary, managing director for mortgages at OneSavings Bank, said: “Housing transactions continued to recover strongly in September which is great news for the market. “At close to 100,000, the number […]
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A quarter (25%) of British homeowners with annexes could have overpaid on stamp duty according to new findings. Around 10,000 homeowners with annexes on their properties were reportedly not advised that they could have paid less stamp duty at the point of purchase. Recently, properties with an annex have become a popular choice among buyers […]
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Clydesdale and Yorkshire Bank have re-entered the mortgage market, with a range of residential and buy-to-let products. The lender now offers 2 and 5-year fixed rate buy-let products from 2.79% to 75% LTV. On the residential side there’s 2 and 5-year fixes to 80% LTV, as well as a 5-year fix to 85% LTV for […]
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Homeowners planning to take advantage of the current stamp duty holiday should begin their journey by 1st November or risk missing out, according to Legal & General Mortgage Club. The market is currently subject to a number of delays, meaning transactions take longer to go through than normal. The stamp duty holiday affects the first […]
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Property technology platform Goodlord has released a new version of its referencing service for letting agents to include bank-grade facial recognition technology and Open Banking capabilities. Customers can use facial recognition to match photos of applicants to the photo on their ID to provide near-instant confirmation of tenants and guarantors’ identification. Kat Wynne-Ellis, Goodlord’s head […]
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There was a marked increase in young renters heading to the capital throughout September 2020, data from Build Asset Management reveals. The company saw a 192% increase in signed rental agreements amongst young professionals taking out leases on co-living accommodation compared to the demographic during January and February 2020. Of the under-24s taking out new […]
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