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 […]
The post Demand for home professionals rises appeared first on PropertyWire.
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 […]
The post Legal & General launches Retirement Interest-Only mortgage appeared first on PropertyWire.
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.
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.
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.
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 […]
The post Ipswich reintroduces buy-to-let range appeared first on PropertyWire.
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, […]
The post Llwyncelyn Hotel in Porth sells for £250k appeared first on PropertyWire.
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 […]
The post McKay completes sale of 30 Lombard Street appeared first on PropertyWire.
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.
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 […]
The post Reallymoving: First-time buyers helped by shared ownership expansion appeared first on PropertyWire.