The Nottingham today reduced its Standard Variable Rate (SVR) from 5.74% to 4.24%. The society also relaunched all acquisition and retention products so they revert to the new rate at the end of the fixed rate periods. Nikki Warren-Dean, head of intermediary sales, said: “A lot of people at The Nottingham have been working extremely […]
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The Bank of Mum and Dad will be a driving force behind the recovery of Britain’s housing market as buyers struggle with the economic impact of the COVID-19 crisis, research from Legal & General and Cebr claims. Nearly one in four housing transactions (23%) will be backed by ‘BoMaD’ in 2020, with a quarter (24%) […]
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Landlords in the UK have welcomed the “important” concessions made by ministers about how repossessions cases in the rental market will be handled from the 20 September. The National Residential Landlords Associations (NRLA) lobbied after the Government U-turned on its plan for such cases to be heard again from 23 August. New regulations will mean […]
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Like many of you I’ve been working from home for some time now and the office has become a distant memory. Coping with the situation is quite a challenge for some, and based on some of the research I’ve seen some are better at working remotely than others. Take this study for example, which found […]
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The UK is heading for a deeper housing crisis driven by a wave of buy-to-let repossessions unless the government takes the shackles off renting legislation, property litigation lawyer Mary Rouse has warned. Rouse, from Midlands law firm Wright Hassall, is warning that unless some of the temporary legislation is revoked to allow landlords the power […]
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The lockdown period added 25.7 days to the amount of time a property stays on the market – delaying home sales by 20%, research from estate agent Get Agent shows. It took an average of 136 days to sell a home during March and June, compared to the same months last year. Colby Short, chief […]
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Michael Crow, founder & chief executive of Dunross Real Estate Corp, based in New York We know real estate to be a safe investment, but is this still true even during a pandemic? When our economy is put under immense pressure, we assume that every industry will flounder until things turn around. When we consider […]
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Home seller confidence is growing in America and the number of new homes on the market is recovering closer to levels seen last year, Zillow’s Weekly Market Report has revealed. Last week sales were up 16.5% from the same week last year, the biggest year-on-year jump since the middle of February. Home sellers that accepted […]
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Proptech start-up Skrap, which aims to deliver skip and construction hire related services on-demand by ordering via a mobile app, has raised £1.2m in seed funding to accelerate growth across major cities. The fundraise was led by Vanneck Investments, with participation from a host of entrepreneurs and angels investors. Skrap allows SME Builders to order […]
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The number of prospective tenants continued to rise in July, hitting the highest number on record, the ARLA Propertymark July Private Rented Sector (PRS) report has revealed. The average letting agent branch registered 97 new tenants, compared to 79 on average in June. This breaks the previous record of 88 in January 2020. Phil Keddie, […]
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