London, Manchester and Birmingham are home to the largest number of homes listed for sale at £500,000 or less thus part of the stamp duty exemption, according to research by lettings and estate agent Benham and Reeves. The figures show that London has 42,422 properties, Manchester has 7,365 properties and Birmingham has 7,011 properties currently […]
The post Hotspots for stamp duty exemption revealed appeared first on PropertyWire.
Property investors have been urged to take advantage of Rishi Sunak’s stamp duty holiday by expanding their portfolios. Buy-to-let broker Mortgages for Business recommended for investors to buy quickly before the likes of second steppers are able to do the same. The cut could benefit sellers as much as buyers, as they could take advantage […]
The post Buy-to-let landlords urged to act fast due to the stamp duty holiday appeared first on PropertyWire.
UK property prices are expected to rise by 1.9% between June and September, reallymoving’s house price forceast research has found. There has been a surge in buyer demand after the lockdown has lifted, which could increase following the government’s launch of the stamp duty holiday. Rob Houghton, chief executive of reallymoving, said: “Buyers took a […]
The post House prices predicted to rise by 1.9% in three months appeared first on PropertyWire.
Teachers for Intermediaries, part of Teachers Building Society, has launched two fixed rate holiday let mortgage products. They are priced at 3.49% to June 2023 and 3.74% to July 2025, both to 75% loan-to-value. The lender said the products are aimed at supporting demand from new and existing property investors looking to capitalise on growth in […]
The post Teachers Building Society unveils fixed rate holiday let mortgages appeared first on PropertyWire.
Elaine Penhaul, owner of home staging company Lemon and Lime Interiors, explains how can agents can make sure their properties sell like hotcakes and work to re-boost the sector by employing services that speed up sales There’s no doubt that Covid-19 has had a huge impact on the UK’s property market, after hundreds of thousands […]
The post How to sell properties at record speed appeared first on PropertyWire.
Metro Bank has reintroduced 85% and 90% LTV 5-year fixes. The interest rates will be 2.99% for 85% LTV and 3.29% for 90% LTV, both with a £999 product fee. Products are for purchase and remortgage on properties worth up to £600,000. Charles Morley, director of mortgage distribution at Metro Bank, said: “We’re pleased to reintroduce […]
The post Metro Bank relaunches 85% LTV mortgages appeared first on PropertyWire.
YBS Commercial Mortgages has launched a limited company buy-to-let product which is targeted for holiday letting properties in prime UK tourist locations on the South Coast, in the South West and Wales. The product offers a 5-year fixed rate at 3.85% for loans up to 75% loan-to-value (LTV) and a maximum loan amount of £1m. […]
The post YBS Commercial Mortgages unveil BTL product for holiday lets appeared first on PropertyWire.
The Office for Budget Responsibility (OBR) has unveiled its latest predictions for house prices and transactions in their July Fiscal Sustainability Report. House price inflation slowed prior to the onset of the pandemic and recent indications suggest that it had fallen further since according to the OBR. The OBR set out three different scenarios for […]
The post OBR reveals latest forecast for house prices and transactions appeared first on PropertyWire.
Anti-money-laundering (AML) firm SmartSearch launched into the USA today. The firm’s platform enables clients to perform electronic ID verification and screening in two seconds, and provides ongoing monitoring to alert users to any change in a client’s status. John Dobson, chief executive of SmartSearch, said: “We have developed a bespoke product for the American market […]
The post SmartSearch enters US market appeared first on PropertyWire.
An online property auction platform has launched called 247 Property Auctions, available for residential, commercial, industrial property and land lots. The company was founded by popular property auctioneer and BBC’s ‘Homes Under the Hammer’ auctioneer Scott Gray (pictured). The company is a RICS regulated firm of auctioneers. It works in partnership with estate agents and commercial […]
The post Homes Under the Hammer regular launches online auction platform appeared first on PropertyWire.