Sarah Coles is personal finance analyst at Hargreaves Lansdown The mortgage holiday season is drawing to a close. If you’ve taken advantage of one or more mortgage holidays, and your circumstances aren’t set to change any time soon, the 31 October deadline will have been looming large. Today’s announcement doesn’t provide any straightforward answers – […]
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US mortgage applications saw a weekly decrease of 6.5% on the week ending 21 August 2020, according to the latest Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The Market Composite Index, which is a measure of mortgage loan application volume, decreased 6.5% on a seasonally adjusted basis from one week earlier. On an unadjusted […]
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The UK conveyancing market saw a recovery in May and June following a precipitous fall at the start of Q2 2020 as the property market was impacted by the COVID-19 pandemic, according to the latest Conveyancing Market Tracker by Search Acumen. The property data insight and technology provider’s tracker showed that just 82,385 completed transactions […]
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Property developer Capital Land Property Group has secured planning permission from Swindon Borough Council for Great Stall East, part of the New Eastern Villages (NEV) development in the eastern side of the town. Founded in 2014 by Swindon developer Jeremy Francis, Capital Land will deliver a minimum of 1,550 homes along with a primary and […]
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Moda Living, developer, operator and owner of private build-to-rent (BTR) homes, has partnered with technology provider Utopi, to build a complete digital infrastructure, and optimise smart building technology across its development portfolio. Utopi’s IoT multi-sensor will be installed throughout Moda’s residential communities and will measure humidity, temperature, CO2, light, noise, motion and occupancy, creating a wellness score. The sensors will […]
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Cardiff-based the Business Mortgage Company Services (TBMC) has joined West One’s packager panel for specialist buy-to-let. West One said the shared expertise in the specialist buy-to-let market from the two firms means brokers will be even better served with product choice. Jane Simpson, managing director of TBMC added, “West One are gaining a reputation as […]
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Some 87% of landlords who received a received a request from a tenant for a rent reduction or payment holiday due to COVID-19 agreed to a concession, Vesta research shows. More than a third (35%) received a request from a tenant for a rent reduction or payment holiday from March to June, outlining the scale […]
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A proptech platform has launched which promises to offer predictive analytics for real estate. Gleensite is a London-based company that uses big data, artificial intelligence and expertise from its industry partners to determine what, where and when to rent, to buy or to build The technology looks at identifying emerging trends from cross-continent to local […]
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The extension of the evictions ban to the 20 September “fails” renters and landlords, according to the chief executive of the National Residential Landlords Association (NRLA). Ben Beadle called the blanket extension “unacceptable” and is disappointed about the change being made so close to the deadline. Beadle said: “An enormous amount of work as gone into […]
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A new property search platform designed for investors of UK buy-to-let property has come to market. PropertyXYZ is driven by data and uses technology to provide property buyers with a range of features to help find property opportunities across the UK with a buy-to-let, new build or development focus. Investors can select from over 100,000 […]
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