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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Virgin Money and Clydesdale Bank will launch a wider product range next week, which will include residential mortgages up to 90% LTV and buy-to-lets to 80% LTV. The limits on loan sizes will also be removed, as the lender will once again offer large loans, shared ownership, professional and new build products. Physical valuations will […]
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SDL Auctions is hosting another virtual event next Thursday 28th. City flats, coastal retreats and rural family homes all over the country, from Scotland down to Cornwall, are among the lots going under the hammer alongside commercial properties and land. It will be the second national property auction for the company, and follows April’s auction, […]
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UK homeowners and renters are planning to spend an average of £1,179 on home improvements once restrictions are lifted, research from online trade directory Checkatrade found. Over half (53%) of people have noticed more things wrong with their home while in lockdown than ever before. Common causes for improvement include a general desire for new […]
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While house prices may dip the market is unlikely to see a significant decline due to the pandemic, Nicky Stevenson, head of associates at Fine & Country, has predicted. However, she still expects transactions to fall by 25% between 2019 and 2020. Stevenson said: “It is possible that there could still be a short-term dip […]
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Landlord rental collection has fallen by 50% in Liverpool due to COVID-19, the biggest fall across major English cities. Cambridge is the most resilient location, with rent collection falling by just 7%, compared to a UK average of 30%. Rent collection also declined by 40% in London and Milton Keynes, The research, called the COVID-19 […]
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