Virgin Money has increased a range of residential mortgage rates. Across its core residential range, rates have been hiked by between 0.09% to 0.35%. The biggest increase was to the 75% LTV 5-year fix fee-saver, which now costs 2.43%. Virgin has also increased shared ownership rates by between 0.15% and 0.30% across 2 and 5-year […]
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The North West towns of Blackpool and Burnley are home to the most empty homes in the UK, surprisingly followed by the City of London. Coulters Property research shows that 5.47% of dwellings are vacant in Blackpool, followed by 5.09% in Burnley and 4.78% in the City of London. Other areas with a high proportion […]
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The upcoming investigation by HM Revenue and Customs (HMRC) into Airbnb landlords could result in a significant exodus of landlords from the short term letting sector, property management firm Apropos has warned. Airbnb has passed on the financial transactions of 225,000 people who rent out homes and rooms through its site, which could potentially result […]
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Buy-to-let lender Landbay is offering free title indemnity insurance on all buy-to-let remortgages. Title insurance will be available on remortgages up to £1m and to 75% LTV. Paul Brett, managing director of intermediaries, at Landbay, said: “Offering free Title Indemnity Insurance on remortgages will decrease the amount of time it takes for the remortgage to […]
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Brits are investing in their own staycation spaces at a record-breaking pace, ahead of the autumn and winter months, according to holiday home operator Park Leisure. YouGov data shows that over three quarters of Brits (77%) have no intention of travelling abroad this year. In fact, 43% say they intend to take more or the […]
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A housing development in Carterton by property developer Taggart Homes will see show homes open to the public in October. Linden Gardens, which is due for completion in late 2021, will comprise of 32 semi-detached and detached family homes. Featuring eight different property types starting from £250,000 and going up to £800,000, the development will […]
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A cladding expert has been appointed by Ringley Group to lead its building engineering division, as the country continues to grapple with the fallout from the cladding crisis. Jon Curtis, who has presented to government ministers on issues relating to the EWS1 (External Wall System) forms, will lead Ringley’s response to the cladding crisis. The […]
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Glynn Rudge (pictured) is area lettings manager for Your Move Lettings agency Following reports that the number of new prospective tenants is continuing to rise to record breaking levels, it’s understandable that some may now be looking to the lettings market and the income opportunities it could bring as a landlord. The decision to become […]
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UK GDP rose by 2.1% in August but economic output remains 9.2% below pre-pandemic levels, figures from the Office for National Statistics show. The GDP growth was down from increases of 6.6% in July and 8.7% in June. Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown, said: ‘’The UK’s economic rebound since the end of […]
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Last week it emerged that Boris Johnson plans to launch a new 95% LTV scheme to help first-time buyers get on the housing ladder. Controversially, the scheme may circumnavigate normal stress test requirements, replacing them with a state guarantee to lower the risk of loans. Firstly, I think Johnson’s description of the idea as “revolutionary… […]
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