Property price inflation rose to a four year high of 5% in September, Nationwide’s House Price Index has found. The annual rate of inflation has risen from 3.7% in August. In September prices averaged at £226,129, following a 0.9% rise month-on-month. Robert Gardner, Nationwide’s chief economist, said: “The rebound reflects a number of factors. “Pent-up […]
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Shanly Homes’ Drake Lodge in Amersham is set to launch off-plan on the 15th October. Drake Lodge offers eight one and two-bedroom homes. Residents will be able to reach London Marylebone in 32 minutes via the overground service, and Kings Cross St Pancras in under an hour via the underground. Matthew Brazier, sales director at […]
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The National Landlord Investment Online is hosting its first ‘Super Show’ on the 8th October, focused on the Midlands, Manchester and the North. There will be a selection of exhibitors and speakers covering aspects of buy-to-let including tax, finance, investment, HMO, education, legal, and insurance. Partnering with a digital events platform, the National Landlord Investment […]
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Reallymoving has predicted annual house price growth to reach 14% by November 2020. The quote service said the prediction is based on deals already agreed, as pent up demand and urgency to benefit from the temporary stamp duty holiday has driven up activity in the market. Annual price growth is forecast to reach 4.7% in […]
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The number of prospective tenants rose to the hitting the highest number on record in August, ARLA Propertymark’s August Private Rented Sector report has found. The average letting agent branch registered 101 new tenants, which breaks July’s previous record of 97. Angela Davey, president of ARLA Propertymark, said: “Our latest figures reveal the rental market […]
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Mortgage approvals for house purchase increased to 84,700 in the usually quiet month of August, up from 66,300 in July, the Bank of England’s Money and Credit data shows. Net borrowing stood at £3.1bn in August, slightly higher than the £2.9bn recorded in July but way off pre-Covid levels of £23.7bn in February. Jonathan Harris, […]
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Rental demand surged by 31% in Belfast between the second and third quarters, followed by Glasgow (29%) and Bournemouth (26%), Howsy research has found. Aberdeen (+1%), Leeds (+4%) and Leicester (+4%) have seen the lowest uplift in tenant demand in the last three months. Within London demand saw the biggest rise in Kingston (18%) and […]
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A team of 17 staff members from across the Landmark Information Group has embarked on a huge walking challenge to raise money for the Macmillan Cancer Support charity, during September. With a goal to walk the distance of all the Landmark offices – and back again – in one month, the team is aiming to […]
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Flat owners are stuck living in potentially unsafe buildings where they are unable to sell due to the ‘debacle’ of safety forms. EWS1 (External Wall System) forms were introduced in December 2019 due to the tragic events of Grenfell Tower in 2017, but they are having some unseen consequences. The form certifies that buildings are […]
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LendInvest has raised buy-to-let LTVs to 80% and increased its maximum lending limits. The lender raised maximum loan sizes for standard properties to £1.5m, while the maximum loan size for MUFB cases increased to £3m, with LTVs up to 75%. Andy Virgo, director for buy-to-let at LendInvest, said: “Landlords are looking to move fast, and […]
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