United Trust Bank (UTB) has completed a £10.9m investment term loan for a customer affected by the Covid-19 lockdown. Investment business and landlord Rosewall Properties Limited typically acquires properties and adds value via planning enhancements, before converting/developing and then retaining the property. In this case the company purchased a redundant office block in Greater London […]
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Agents Together has launched, a foundation of estate agents which will provide advice, mentoring and coaching to agents looking to grow their business. The foundation said the COVID-19 pandemic could provide an opportunity for agents to come together with a new way of thinking and a new approach for the future. Agents Together is led […]
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An estate agency has been launched in Liverpool’s Baltic Triangle industrial area by Adam Sutton (pictured), a 27-year-old who previously spent three years working at an estate agency in Canary Wharf. Adam Sutton Estates opened for business on Jamaica Street last week with a portfolio of properties for sale across the city region. He said: […]
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Mortgage brokers have rated Godiva Mortgages – Coventry Building Society’s buy-to-let brand – as the top buy-to-let lender and building society. Godiva was praised for the ease of determining the maximum loan amount and product eligibility, as well as satisfaction with dealing with relationship managers. Four of the five highest rated buy-to-let lenders were building […]
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Virgin Money has temporarily withdrawn its 90% LTV purchase, remortgage and new build products “following a strong increase in demand”. The lender said it’s seen strong demand after being one of only a few lenders offering 10% deposit products. The lender still provides 85% LTV products. Virgin said it wanted to protect its service for […]
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Insufficient images are buyers biggest pet peeve on a home listing, Bankrate research has found. 82% of potential buyers agreed that a listing with less than 10 good-quality images is a huge turn-off and makes them less likely to follow through with a purchase. In second place is a dull description (80%), as buyers like […]
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InterBay Commercial has launched a product range for HMOs and MUFBs, which is available for purchase and remortgage applications. Properties up to 20 bedrooms/units can be considered with a maximum loan size of £1.5m up to 70% LTV. Larger loans will be considered on a referral basis and intermediaries should contact their senior business development […]
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The past few months has seen a rise in companies unveiling temporary promotions for landlords and builders, as they look to attract customers whose livelihoods have been impacted by COVID-19. Yourkeys got in touch, saying it was offering ‘free software to home builders to assist in the market recovery’, while PlanetRent promised ‘deposit free re… […]
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The government has extended the ban on evictions by two months until 23rd August. Where tenants experience financial difficulties as a result of the pandemic, the government said landlords and tenants should work together and exhaust all possible options – such as flexible payment plans which take into account a tenant’s individual circumstances – to […]
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House prices fell by 0.5% on a quarterly basis between March and May, Halifax’s House Price Index has found. The typical UK house price now averages at £237,808. Annual house price growth still stands at 2.6% despite the slowdown. Russell Galley, managing director of Halifax, said: “Looking ahead, we expect market activity to increase progressively […]
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