Durham is the most affordable city for tenants in the UK, requiring just 21% of monthly salaries to be put towards rent. Affordable cities tend to be in the North, as others include Hull (23%), Stoke-on-Trent, Derby and Carlisle (all 24%). At the other end of the scale, Oxford is the least affordable city to […]
The post Durham the most affordable city for renters appeared first on PropertyWire.
Buy-to-let lender Landbay has partnered with Primis Mortgage Network to widen the distribution of its mortgages. As a result of the partnership, Primis’ brokers and their landlord clients will be able to access Landbay’s range of both mainstream and specialist buy-to-let mortgage products through its innovative online intermediary portal. Primis’ broker network will also have […]
The post Landbay partners with Primis Mortgage Network appeared first on PropertyWire.
Zephyr Homeloans has lowered rates for standard and specialist buy-to-let products. Rates now start at 3.14% for a 2-year fixed-rate buy-to-let mortgage and 3.44% for a 5-year fixed-rate. The lender’s rates for new build and flats above commercial property now start at 3.54% for a 2-year fixed rate loan and 3.84% for a 5-year fixed […]
The post Zephyr lowers buy-to-let rates appeared first on PropertyWire.
Ritam Gandhi, Founder and Director, Studio Graphene The real estate sector has traditionally been a laggard when it comes to innovation, with many firms guilty of being too slow to bring new technologies into the fold. But Covid-19 has served to highlight the danger of such complacency. When the property market ground to a sudden […]
The post How to make the Covid-19 proptech revolution last appeared first on PropertyWire.
The pandemic has strengthened the resolve of first-time buyers who have become more determined to follow their homeownership dreams and save more to get a foot on the housing ladder according to new research. Three in five (61%) of respondents said that buying a home is more important to them now than it was at […]
The post First-time buyers commit to homeownership despite pandemic appeared first on PropertyWire.
Controversial corporate landlord Akelius Residential will no longer focus on renovating buildings after facing a backlash from the United Nations and its tenants. It plans to cut construction staff by 400 by the end of 2022 and focus on new builds, as well as upgraded properties. It commented that the good times for upgrading properties […]
The post Akelius Residential halts renovation strategy after UN scandal appeared first on PropertyWire.
Monument, a ‘digital bank’, has been granted a banking licence from the Prudential Regulation Authority and the Financial Conduct Authority. The bank will focus exclusively on busy professionals like doctors, lawyers, accountants, entrepreneurs and investors. It has pledged to be the only bank to offer its clients an entirely digital journey for buy-to-let and property […]
The post Monument granted banking licence appeared first on PropertyWire.
Eric Curran is managing partner of DM Hall Chartered Surveyors, based in the firm’s Glasgow North office There is, I am sure, a more measured and professional way of saying this, and in more normal times I would instinctively reach for it, but the stark fact of the matter is that the residential housing market […]
The post Is Scotland’s market on the point of creating a price bubble? appeared first on PropertyWire.
A taskforce featuring some of the UK’s top property experts was officially launched this week to help the West Midlands accelerate the construction of low carbon, energy efficient homes. The Zero Carbon Homes Taskforce has been set up by the West Midlands Combined Authority (WMCA) to support the region’s fight against climate change, making sure […]
The post Taskforce launched to drive construction of energy efficient homes across the West Midlands appeared first on PropertyWire.
A net balance of 52% of RICS surveyors noted an increase in new buyer enquiries in September. New instructions coming onto the sales market also rose for a fourth month in a row, which now signifies the longest stretch of rising supply going back to 2013. Tenant demand mostly increased, though it fell in London. […]
The post RICS: Buyer enquiries continue to pick up appeared first on PropertyWire.