Sutton Kersh sold 75% of listed properties at its first live streamed auction last Thursday 21st May. The team had already sold over £2m worth of property prior to their live auction and sold a further £5m on the day, equating to a total of over £7m for their Spring auction. Cathy Holt, auctions director […]
The post Liverpool firm hosts its first live streamed auction appeared first on PropertyWire.
The government should make landlords exempt from the 3% stamp duty surcharge on second homes, argued Mary-Anne Bowring, managing director at property management firm Ringley Group. She added that a rise in buy-to-let investment could also support housebuilding, as landlords are an important source of development finance through off-plan sales that are necessary to get […]
The post ‘Landlords should get stamp duty surcharge exemption’ appeared first on PropertyWire.
The Guild of Property Professionals speaks to its offices in Northern Ireland While property activity in England surges, Northern Ireland remains firmly in lockdown mode with no indication from the Government as to when estate agents can return to work. When the Northern Ireland market does open, can we expect the same surge in activity? […]
The post An update from Northern Ireland appeared first on PropertyWire.
Remote workers in the US are split regarding whether they’d like to go back to the office. Around 41% of new remote workers would like to go back after the lockdown, process pipeline management company Pipefy found. Some 39% want to work remotely part-time, while 20% would like to work remotely full-time. Of the people […]
The post Remote workers split on whether they’d like to go back to the office appeared first on PropertyWire.
House prices in Canada have fallen by 10% due to the COVID-19 induced lockdown, data from the Canadian Real Estate Association shows. The average home price in Canada is $488,203, 10% lower than the $539,724 recorded in February. Ontario cities saw the biggest drop, with Greater Toronto seeing the average price drop by £88,898 to […]
The post Canadian house prices have declined by 10% appeared first on PropertyWire.
Mortgage payment holidays have been extended for three months to October 31st. UK Finance data shows that some 1.82 million mortgage borrowers have been granted a mortgage payment holiday, which accounts for one in six mortgages in the UK. John Glen, the economic secretary to the Treasury, said: “We’re doing everything we can to help […]
The post Mortgage payment holidays extended for three months appeared first on PropertyWire.
The stamp duty land tax has attracted numerous column inches since it was introduced in December 2003. Lately of course, companies like the Royal Institution of Chartered Surveyors have been calling for a stamp duty holiday to kick-start the housing market, and you can see why they are shouting loud. The tax is a political football […]
The post Stamp duty – the political football of our time appeared first on PropertyWire.
The Nottingham Building Society has reverted its maximum LTVs back to 80% for residential mortgages. The society said it would look to raise buy-to-let LTVs as soon as possible. Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “This is the latest step in our phased return to adding lower deposit products to our […]
The post The Nottingham returns mortgage LTVs to 80% appeared first on PropertyWire.
Mint Bridging has launched two products designed for the building development market. One product has a monthly rate of 0.89% and is for a maximum four-house scheme with a loan value of up to £750,000. There is a 55% loan-to-GDV (gross development value), which the lender said was reflective of the current climate. Alternatively, for […]
The post Mint Bridging unveils building development products appeared first on PropertyWire.
HUB has completed Chesterfield House in Wembley, North London, a 239-home build-to-rent development designed by architects Maccreanor Lavington. The landmark scheme, which comprises two buildings of 21 and 26-storeys, has been handed over to Realstar, which will operate Chesterfield House under its UNCLE brand. The development is now known as UNCLE Wembley. Alex Hall, senior […]
The post Build-to-rent development launches in Wembley appeared first on PropertyWire.