The number of 95% loan-to-value 2-year fixed rates have fallen from 11 in May to just six in June, moneyfacts.co.uk data found. Meanwhile 95% LTV 5-year fixes have fallen from 11 in May to 9 in June. Danny Belton, head of lender relationships, Legal & General Mortgage Club, said: “The disruption caused by coronavirus and […]
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Two in five (38%) people have undertaken DIY or renovations during the lockdown, research from Aldermore found. Gardening was the most popular DIY activity among Brits (57%) during lockdown, followed by spring cleaning (47%) and (34%) painting or wallpapering rooms. Jon Cooper, head of mortgage distribution, Aldermore, said: “DIY comes in surprisingly handy as a […]
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Anwyl Homes is inviting homebuyers to a virtual relaunch of show homes at its 26-property development at Bluebell Meadows in Fulwood, near Preston. This will take place on Saturday June 13th at 10:30am across social media channels. Bluebell Meadows opened in mid-March and some people saw the show homes before the development closed temporarily when […]
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The government should suspend freeholders’ rights to collect ground rents and service charges according to The Leasehold Solutions Group, which works with leaseholders on tasks like managing lease extension. Around half of leaseholders are struggling to pay their current service charge bills and ground rent, according to ‘anecdotal evidence’ from group. Louie Burns (pictured), managing […]
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Since the restarting of the housing market two weeks ago Dexters has have seen a 200% jump in new enquiries compared to the same period in 2019. Over 80% of applicants are looking for more spacious properties with outside space and facilities for homework. Jeff Doble, chairman of Dexters, said: “COVID-19 and the lockdown is […]
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Yesterday marked the end the transitional period where tenants could be charged for references, credit checks, inventories and check-in or check-out reports. The 2019 Tenant Fees Act banned administration fees for new tenancies, though there was a transitional period up to May 31st 2020 where some fees could be charged if they were agreed before […]
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The Mayor of London Sadiq Khan has approved a £50m loan facility for Mount Anvil to help it purchase new sites and deliver new homes. Mount Anvil has 2,000 homes in its pipeline, while it plans to deliver 10,000 homes in London before the end of the decade. The developer will deliver 1,400 new homes […]
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As the UK struggles to return to normality amid the COVID-19 pandemic, the early signs seem positive for the housing market. Mortgage brokers I’ve spoken to are upbeat about the number of enquiries they’re receiving now people are permitted to move. It seems there is enough pent-up demand for the market to start moving again, […]
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Banks and other providers have committed to supporting commercial landlords ahead of the June/July rent quarter. They said they will support ‘viable businesses’ and are engaging with landlords ahead of the next quarter. Circumstances will be considered on a case-by-case basis, while providers have pledged to treat customers ‘sympathetically’. Stephen Jones, chief executive of UK […]
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House-sellers are being urged by estate agents to virally deep-clean properties to guarantee that sales go through. There has been a spike in demand for deep cleaning services from house-sellers. Chris Alexander, branch manager at Aspire Estate Agents, said: “In the last week we’ve had safety concerns from buyers who won’t move into a new […]
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