Buy-to-let house purchases increased by 7% in Q1 2020 year-on-year, UK Finance figures show. Contrastingly first-time buyer numbers fell – resulting in overall mortgage lending being flat year-on-year. John Goodall, chief executive at Landbay, said: “Buy-to-let started the year really strongly and this is reflected in the UK Finance figures. “January and February saw really […]
The post Buy-to-let activity was strong in Q1 appeared first on PropertyWire.
Typical rents fell by just 0.9% between April and May 2020, figures from the HomeLet Rental Index show. In May 2020 they still stood 2.7% higher than the same month last year. Rents saw the biggest monthly drop in Greater London, falling by 4.26% month-on-month. However they actually rose by 2.56% in Scotland, as well […]
The post Rents hold up amid uncertainty appeared first on PropertyWire.
The government is relaxing the three-year rule for reclaiming the stamp duty surcharge. People who purchase new homes before selling their old home are subject to a 3% surcharge, which they can reclaim provided they sell the old property within three years. However, the lockdown caused by the coronavirus pandemic means some were unable to […]
The post Government to relax stamp duty surcharge reclaim date appeared first on PropertyWire.
Living near a good school can add as much of a third to the typical house price, research from comparethemarket.com has found. In Warrington it costs £322,321 to live in areas surrounded by schools rated ‘outstanding’ by Ofsted, 33% more than the £243,000 you’d typically expect to pay in the town. Elsewhere, there is a […]
The post How living near good schools commands a premium appeared first on PropertyWire.
Zephyr Homeloans has launched a range of buy-to-let products up to 75% loan-to-value. The lender offers fixed-rate buy-to-let mortgages for standard properties, residential properties, houses in multiple occupancy (HMOs), multi-unit blocks (MUBs), new-build properties and flats above commercial properties. Products have LTVs at 60% and 70% across all ranges, and up to 75% LTV on […]
The post Zephyr unveil buy-to-lets to 75% LTV appeared first on PropertyWire.
Mary-Anne Bowring is managing director and founder of Ringley Group and PlanetRent It has been a tough few years for the buy-to-let investors After narrowly escaping the threat of rent controls following Labours defeat in the 2015 general election, the then Conservative Chancellor George Osborne hit them first with reduced mortgage relief and then extra […]
The post Future-proofing buy-to-let appeared first on PropertyWire.
The key to unlocking the UK’s housing crisis is reversing underinvestment in purpose-built housing for older people, which could encourage downsizers and free up family homes. This is according to a report, ‘Too little, Too late? Housing for an ageing population’, published, by Associated Retirement Community Operators (ARCO). Phil Bayliss, chief executive of Later Living […]
The post Housing crisis blamed on failure to build retirement housing appeared first on PropertyWire.
Postcodes in Liverpool, Bradford and Sunderland are three of the best locations to buy property as an investor, research from Mojo Mortgages has found. Investors in Liverpool’s L7 postcode achieve an average yield of 10.30%, with an average asking price of £95,000. Five other Liverpool postcodes are in the 20 top of the UK’s best […]
The post Liverpool and Bradford among the UK’s top buy-to-let postcodes appeared first on PropertyWire.
The government needs to increase Local Housing Allowance (LHA) or risk seeing evictions soar in the capital, Labour’s London Assembly housing spokesperson, Murad Qureshi, has warned. People under 35 who are single with no children are restricted to the shared accommodation rate of the benefit – which is a lower rate. The government’s three-month ban […]
The post Raise housing benefit or risk evictions, government warned appeared first on PropertyWire.
Kent Reliance for Intermediaries, Precise Mortgages and InterBay Commercial will now progress mortgage cases with the lending policies at the time of application once valuation fees have been paid. There will be some additional underwriting checks, such as ensuring the client’s current circumstances are considered. Alan Cleary, managing director of OneSavings Bank, said: “We’ve continued […]
The post Kent Reliance, Precise and InterBay to honour pipeline business appeared first on PropertyWire.