In Portsmouth there are 12 pubs per square mile, the most among locations analysed by Mojo Mortgages. Other locations with lots of pubs include Brighton and Hove (11), Norwich (11) and Bristol (10). Mojo Mortgages analysed 51,168 pubs across the country and worked out the number of pubs per square mile in each location. In […]
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Data from online mortgage broker Trussle has found that the stamp duty cut has not had an immediate impact on the UK mortgage market, despite reports that the holiday has fuelled a rise in property searches. Research by Trussle has found that the situation is increasingly challenging for those unable to gather more than a […]
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Loans to pay off rent arrears built during the COVID-19 pandemic will now be available to tenants in Wales following a campaign by the National Residential Landlords Association (NRLA). The NRLA has been lobbying the Welsh Government to provide more support for landlords and tenants affected by the crisis, with a loan system one of its […]
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It’s likely the Covid-19 crisis may not be as devastating as the aftermath of the global financial crisis, though it’s vital the government avoids policy missteps. That was the view of Neil Shearing, group chief economist of economic consultancy Capital Economics. Shearing noted how before the global financial crisis there was excessive credit growth, while […]
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SDL Auctions raised £20.7m in sales and sold 170 properties in July. After the stamp duty holiday was introduced buyers have saved nearly £75,000 on the tax collectively. Andrew Parker, auctioneer and managing director at SDL Auctions, said: “This live-streamed national property auction was a fitting finale to another highly successful month for our sellers taking […]
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Harlow and Reading have the best rental yields among commuter towns to London, analysis from lettings management platform Howsy has found. Annual rental yields stand at 4.6% in Harlow and 4.5% in Reading, while there are also strong yields in Luton (4.2%) and Crawley (4.2%). Yields are still strong within London however. Tower Hamlets offers […]
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Accord Mortgages have resumed lending to first-time landlords up to 75% LTV. Lending was paused in May due to the pandemic. Nicola Alvarez, corporate account manager, propositions at Accord Mortgages, said: “We’re pleased to once again offer our support to borrowers wanting to enter the buy-to-let market. “We know brokers have been limited over the […]
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Developer Berkeley Homes has partnered with Legal & General Affordable Homes to unveil 78 shared ownership homes at South Quay Plaza, situated moments from Canary Wharf. Situated within Hampton Tower at the new Foster + Partners-designed development, the studio, one and two bedroom apartments are available from £108,750 for a 25% share. The government-backed shared […]
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Payment technology company flatfair has unveiled Boost which allows landlords to add up to six weeks’ of damage protection on top of the maximum five weeks available through a traditional deposit for a small monthly subscription fee. Boost is priced at 1.5% of the monthly rental value plus VAT, and also enables landlords to recover […]
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Investec has agreed to provide a joint venture between Angelo Gordon and Hondo Enterprises with a £16.6m, 36 month facility for the acquisition and redevelopment of a former car park in Prime Central London into an office. On completion, 12-13 Wells Mews (pictured) will provide 22,800 sq ft of office space across six floors as […]
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