Lettings market activity in June was significantly higher than the same month last year, the Rental Index from Goodlord has shown. After number of new tenancy applications were received during May, June saw that demand translate into completed lets. The number of completed lets stayed above 2019 averages for all but six days of June, […]
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Luke Smith is director of development and investment consultancy Avory Smith (Pictured, right, with Paul Saker, construction director) The government, in a bid to address the ‘housing crisis’, recently announced new airspace development laws. Essentially what this means is that from August 1st, you will be able to extend blocks of flats upwards by two […]
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Canopy, the digital rental ‘ecosystem’, has raised over £2m from an investment round led by West Hill Capital. This brings its total seed capital to over £10m. The company works by replacing cash deposits with deposit insurance products using the Canopy RentPassport, which details a tenants’ rental history. Tahir Farooqui, founder and chief executive, Canopy, […]
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Prime Minister Boris Johnson has pledged to battle the economic impact of coronavirus by promising to ‘build, build, build’. The PM said he will introduce a ‘new deal’ – comparing the policies to a series of programs and reforms introduced by former US President Franklin D. Roosevelt between 1933 and 1939 to help the country […]
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Legal & General has committed to making its new housing stock net zero carbon enabled by 2030. This will be implemented in a phased approach across all homes invested in or built by Legal & General Group including: Build to Rent, Build to Sell, later living and affordable housing. Net zero carbon will be achieved […]
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Demand for new build has rebounded by 66% since the property market reopened on the 13th May, Zoopla research has found. Demand recovered nationwide, with the North East recording a 139% rebound, the West Midlands 121%, and East Midlands 108%. Persimmon Homes, one of the UK’s largest housebuilders, reported a 215% month-on-month uplift in demand […]
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More than half of homeowners are looking to improve their work-life balance in the long-term, research from Love Home Swap shows. A significant 45% agreed that assessing their work-life balance has made them look for more ‘leisure value’ from their homes. With the pandemic keeping us at home more this summer, 10% have added a […]
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Risk-averse landlords are remortgaging primarily to build a war chest, research from Mortgage for Business has revealed. Some 30% of property investors are now taking out a buy-to-let remortgage with a view to expanding their portfolio and growing their cash reserves. Nearly half (46%) are increasing the size of their loans – significantly higher than […]
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Despite talk of pent up demand fuelling a housing market recovery the rebound will likely be a slow and gradual process, warned James Durham, economist at PwC. The Brexit deadline, losses to the hospitality and tourism sectors, as well as people moving out of major cities are also likely to have a dampening effect on […]
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The number of mortgage approvals for house purchase fell to just 9,300 in May, 90% below February levels, the Bank of England’s Money and Credit statistics found. Approvals for remortgage also fell by 42% from February to 30,400. Paul Stockwell, chief commercial officer of Gatehouse Bank, said: “The number of mortgage approvals in May is […]
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