Insufficient images are buyers biggest pet peeve on a home listing, Bankrate research has found. 82% of potential buyers agreed that a listing with less than 10 good-quality images is a huge turn-off and makes them less likely to follow through with a purchase. In second place is a dull description (80%), as buyers like […]
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InterBay Commercial has launched a product range for HMOs and MUFBs, which is available for purchase and remortgage applications. Properties up to 20 bedrooms/units can be considered with a maximum loan size of £1.5m up to 70% LTV. Larger loans will be considered on a referral basis and intermediaries should contact their senior business development […]
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The past few months has seen a rise in companies unveiling temporary promotions for landlords and builders, as they look to attract customers whose livelihoods have been impacted by COVID-19. Yourkeys got in touch, saying it was offering ‘free software to home builders to assist in the market recovery’, while PlanetRent promised ‘deposit free re… […]
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The government has extended the ban on evictions by two months until 23rd August. Where tenants experience financial difficulties as a result of the pandemic, the government said landlords and tenants should work together and exhaust all possible options – such as flexible payment plans which take into account a tenant’s individual circumstances – to […]
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House prices fell by 0.5% on a quarterly basis between March and May, Halifax’s House Price Index has found. The typical UK house price now averages at £237,808. Annual house price growth still stands at 2.6% despite the slowdown. Russell Galley, managing director of Halifax, said: “Looking ahead, we expect market activity to increase progressively […]
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NHBC, the warranty and insurance provider for new homes in the UK, has delivered virtual training to 30,000 participants. Many of NHBC’s courses that were delivered in face-to-face classroom settings have now been adapted for virtual learning. Darryl Stewart, NHBC’s head of training and analysis, said: “We have been truly astounded by the success of […]
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Equity release referral service Key Partnerships has launched a referral partnership with Paradigm mortgage club. Paradigm’s adviser members will be able to refer clients who may be better suited to equity release to The Equity Release Experts, Key Group’s whole of market advice delivery division. Gary Little, business development director at Key Partnerships said: “With […]
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Employment is likely to be down 10% by the end of the year, while normality isn’t expected to return for at least a year, according to a Bank of England survey of UK firms. This is more optimistic than the month before, when it was thought jobs would fall by 18%. Companies reckon employment was […]
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Halifax, HSBC, NatWest and Virgin Money have all altered their lending policies. Yesterday Virgin Money increased mortgage rates by up to 0.49% on 2, 3, and 5-year fixes to 90% LTV with a £995 fee, while there were also increases to its 7-year and 10-year fixes. Today NatWest is making some rate reductions, including cuts […]
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Richard Morris is director of technologywithin The far-reaching effects of COVID-19 have had unprecedented impact on our daily lives, with enforced remote working one of the most significant changes we are living through. However short-term these measures may be, the effects of this pandemic are likely to have longer lasting effects on the way we […]
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