Rental yields in the North East have increased by 0.12% to 5.09% in the first quarter of 2020, research from peer-to-peer investment platform Sourced Capital has found. At the other end of the spectrum they’ve fallen by -0.22% in London to 4.10%. Stephen Moss, managing director of Sourced Capital, said: “Turning a profit in the […]
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The government has extended planning permission deadlines across the construction industry, which typically expire after three years if work has not started onsite. Planning permissions with an expiry date between the start of the lockdown and the end of 2020 will see the deadline extended until 1 April 2021. Ian Fletcher, director of Real Estate […]
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People are less inclined to buy open plan homes due to the lack of privacy involved, research from US firm Zillow indicates. Builders reckon more people want more quiet spaces to work, reflect and take a break, now more people are forced to work from home. In a survey by Zillow and The Harris Poll, […]
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Conveyancing practice O’Neill Patient LLP has purchased law firm Cavendish Legal Group. The aim is for O’ Neill Patient’s (ONP) technology to accelerate the law firm’s growth plans. Cavendish Legal Group will keep its brand name. Adam Forshaw, managing director of ONP, said: “Cavendish Legal makes a great addition to our group and provides clients […]
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Gatehouse UK Private Rented Fund I, advised by Gatehouse Bank, has agreed to forward fund a £10.2m Build to Rent scheme in the West Midlands, which is set to create 66 new family homes. The investment will fund the construction of the scheme at Raleigh Street, Walsall, consisting of 23 two-bed, 39 three-bed and 4 […]
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The housing market in Wales will partially reopen from today, as home moves can go ahead providing the residential property has been vacant for at least 72 hours. People can move whereby a sale has been agreed but not yet completed, while the marketing and viewing of unoccupied residential properties can once again take place. […]
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Now the market is emerging from the doldrums there are different patterns to before the lockdown. The early signs are there’s more competition for homes than flats. Meanwhile more people are hankering to live in a home with plenty of outdoor space. After spending hours sitting inside you have to say these revelations make sense. In […]
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Lenders have granted 1.9 million mortgage payment holidays due to the Covid-19 pandemic – accounting for one in six mortgages, UK Finance data shows. The amount being deferred is typically £755 per month. Eric Leenders, managing director of UK Finance, said: “Lenders understand that many households will continue to see their finances squeezed as the […]
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The government has extended the ban on commercial landlords evicting their tenants from June 30 to the end of September. A voluntary code of conduct intended to end rental disputes between commercial tenants and landlords is set to be released ahead of next Wednesday. Robert Jenrick, communities secretary, said: “As our high streets come to […]
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Buy-to-let lender Landbay has partnered with conveyancing portal the Lender Exchange. Lender Exchange offers integrated mortgage redemption requests, returning redemption figures in seconds, mortgage offers landing with law firms’ minutes after they’ve been issued by lenders, and Certificates of Title being sent digitally. It also works with lenders and law firms to minimise fraud risks. […]
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