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Houzz Inc., the platform for home renovation and design, saw an 80% increase in UK project leads for home professionals in July year-on-year. There’s more of a call for professionals working on outdoor spaces, with July searches for landscape architects and contractors rising by 127% each, compared with the same period last year. Home builders […]
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Legal & General has launched a Retirement Interest-Only mortgage. The mortgage is designed for those aged 55 and over with a minimum property value of £100,000. Homeowners can borrow up to 60% of the value of their homes. It can be used to replace an existing interest-only mortgage or as a new interest-only mortgage. Claire […]
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Almost a quarter (22%) of private landlords with properties in England surveyed have lost rental income as a result of COVID-19 according to the latest research by the National Residential Landlords Association (NRLA). Whilst 19% of those questioned had lost up to half of their usual rental income as a result of COVID-19, with 3% […]
The post NRLA: Almost a quarter of landlords lose rent due to COVID-19 appeared first on PropertyWire.
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Professionals at surveyor firm DM Hall reckon more people in Scotland are exiting the cities in search of new space. While there’s been pent-up demand in cities such as Edinburgh for a number of years now, there has– since lockdown ended on June 29 – been an increase in supply. Andrew Milne, residential partner in […]
The post DM Hall: Post-lockdown housing market suggests an escape to the country in Scotland appeared first on PropertyWire.
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Challenger lender Glenhawk has appointed Andrew Townsend (pictured, left) as chief financial officer and Ryan Benton (pictured, right) as finance director. Glenhawk originated £232m of new loan enquiries in July and August, including a record £178m in the latter. Guy Harrington, chief executive officer, said: “Despite the market volatility caused by the Coronavirus pandemic, we […]
The post Glenhawk bolsters finance team with CFO and FD appointments appeared first on PropertyWire.
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Ipswich Building Society has relaunched its buy-to-let range, as it now offers a 2-year discount rate at 2.99% to 80% LTV with £1,149 in fees. For expats there is also buy-to-let 2-year discount at 2.99% and a 5-year fix at 3.80% to 80% LTV. Both products come with an application fee of £199 and a […]
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Late 19th century pub Llwyncelyn Hotel in Porth, Rhondda Cynon Taff, has sold for £249,000 to Daniel Cox, who plans to run the business as a hands-on owner. The hotel hosts live music, and is known for its food, drink and entertainment like darts and pool games. The sale was arranged by business property adviser, […]
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McKay Securities has sold 30 Lombard Street in the City of London to German institutional fund REInvest for £76.5m. This reflects a net initial yield of 4.16% and a capital value of £1,308 per square feet. McKay acquired the long leasehold interest of 30 Lombard Street in 1999 with a multi-let 1960’s office building. Redevelopment […]
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Ipswich Building Society has reintroduced a selection of standard residential, buy-to-let (including expat buy-to-let), holiday let and £1m plus mortgages. The reintroduced ranges includes residential deals at 85% loan-to-value (LTV), as well as reinstating lending on properties worth over £1m, subject to maximum LTV and loan size. This news comes following the society withdrawing a […]
The post Ipswich Building Society reintroduces selection of resi and BTL products appeared first on PropertyWire.
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First-time buyers have been “thrown a lifeline” from the shared ownership expansion unveiled by the UK Government according to reallymoving, a service providing instant quotes for home moving services. From April 2021, the minimum share for those purchasing homes through shared ownership will be reduced by more than half, from 25% to 10% in hopes […]
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