Mortgage payment holidays are likely to be extended past June, according to a report in the Financial Times. Chancellor Rishi Sunak is said to be in discussions with the banking sector about an extension. Salman Haqqi, personal finance expert at money.co.uk, said “The government’s initial launch of mortgage holidays brought welcome relief for homeowners who […]
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Residential property transactions dropped in April due to the lockdown measures, UK Property Transaction Statistics from HM Revenue & Customs show. Seasonally adjusted transactions in April fell by 53.4% year-on-year and 46.1% from the month before. There were 46,440 residential transactions last month, as well as 5,930 non-residential. Shaun Church, director at mortgage broker Private […]
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Chancellors is launching deposit-free renting in partnership with Canopy. Canopy offers landlords eight weeks cover as opposed to the standard five weeks with a cash deposit. Chancellors has taken out a deposit insurance policy across its managed portfolio. Tenants renting with Chancellors will simply need to complete Canopy RentPassport and within minutes, find out whether […]
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Buyers are typically willing to pay £4,000 more for a property with an en-suite bathroom, a survey commissioned by Mira Showers found. When it comes to where the bathroom is situated within a property, almost half (49%) of buyers would offer less if the bathroom was only accessible via the kitchen. They’d typically pay around […]
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Commercial landlords are increasingly concerned about the economic impact of the coronavirus pandemic on their tenants and property portfolio, Paul Hinchliffe, commercial property solicitor at Nelsons said. Hinchliffe has been approached by landlords asking for advice on how they can balance their own books while their tenants are struggling due to enforced closures. He said: […]
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Lettings platform PlanetRent will now allow landlords to forgo the normal deposit after partnering with Reposit. Instead of paying a deposit, renters can purchase a so-called ‘reposit’, which costs one week’s rent as a service fee. Reposit offers property protection of 8 weeks to PlanetRent landlords Mary-Anne Bowring, group managing director at Ringley and creator […]
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Mortgage lenders are resuming physical valuations in England following a loosening of lockdown restrictions. Paragon and Bank of Ireland UK have restarted physical valuations, while Virgin Money and Clydesdale Bank will follow suit next week. Aldermore Bank restarted valuations for residential applications this week – physical valuations for buy-to-let are set to happen again shortly. […]
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David Hannah, founder and principal consultant, Cornerstone Tax One in six property buyers in the UK could be overpaying on stamp duty land tax (SDLT). Cornerstone Tax, which specialises in helping people claim SDLT refunds from HMRC, knows that the number of people who realise an overpayment is much lower. In the current environment, this […]
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Leeds Building Society and Countrywide are looking to complete outstanding valuations on mortgage applications as physical property inspections in England resume. The society was able to progress valuations in almost three-quarters of mortgage applications, despite the pandemic lockdown’s impact on the property market. Leeds began booking appointments for physical valuations on the remainder of cases […]
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There’s been a 50% increase in enquiries for pet friendly properties as a result of the pandemic, proptech rental service Home Made has found. As a result, it may be profitable for landlords to make their properties available to those with pets, despite the wear and tear that can cause. Asaf Navot, founder of Home […]
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