Nearly half (46%) of buyers saw their prospective properties down valued by their mortgage lender, Bankrate UK research has found. Buyers looking to purchase properties in Wales had the highest percentage of down valuations at 63%. In second was the capital, as 59% of London properties were deemed less valuable by lenders, while 58% were […]
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The Guernsey registered lender has urged prospective purchasers not to leave it too late if they are thinking of purchasing a UK buy-to-let property this year. The UK government’s stamp duty holiday ends on 31 March 2021, so anyone considering the purchase of a buy-to-let property will need to start the ball rolling soon if […]
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Buy-to-let lender Landbay has joined Synergy Commercial Finance’s network panel. Landbay was already on Synergy’s packager panel but will now provide Synergy’s commercial broker members with access to its product range. Paul Brett, managing director of intermediaries, at Landbay, said: “This partnership will bring our market-leading products to a new group of specialist commercial brokers […]
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Open Finance platform Moneyhub has created a data and intelligence API in the hopes of transforming the ease and speed in which landlords can file their HMRC Self-Assessment: UK property (SA105) form. Moneyhub’s API enables landlords to categorise transactions on the platform that relate to their property or other projects. For landlords in particular, many of […]
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Roger Akelius, the founder of corporate landlord Akelius Residential, has responded to the accusations made against his company from the United Nations. He called claims by the UN that the firm breached international human rights “ridiculous”, while he accused human right lawyer Leilani Farha, who was the UN’s special rapporteur on adequate housing, of favouring […]
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A legal expert for ARLA Propertymark has said letting agents and landlords should consider serving a second Section 8 notice if rental arrears accrue to more than six months of missed payments, even if their original Section 8 has yet to come into force. This is because of a crucial change at the six months […]
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Inland Homes is launching properties at the former Randalls department store in Uxbridge, a Grade II listed building. Randalls will comprise of 14 studio, one-and two-bedroom apartments in the converted art deco style building, a There will also be 35 one and two bedroom new build apartments. Dalloway House, the first new build block to […]
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A quarter (23%) of home-owners are worried about renewing their mortgage during the pandemic, a poll from specialist broker Willow Private Finance has found. A third (32%) said their income was less secure now than before the pandemic, while more than one in 10 (12%) had to take a payment holiday during COVID. The proportion […]
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Investor and developer Create Real Estate has acquired an office building in Cardiff city entre and is now drawing up refurbishment plans. Marchmount House & Dumfries House, on Dumfries Place, has 43,000 sq ft of lettable space across two adjoining buildings. The freehold was purchased for an undisclosed sum from Sydney & London Properties Ltd. […]
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Sirius Property Finance has announced that is set to have an international expansion with the opening of an office in New Zealand. Robert Collins, a co-founder of Sirius in the UK, will establish the brokerage and debt advisory service in Auckland in the new year, having identified opportunities in the specialist finance and development markets […]
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