There were 4,420 buy-to-let mortgages in arrears of more than 2.5% in the first quarter of 2020, 6% fewer than the same quarter the previous year. UK Finance research also found there were 1,170 buy-to-let mortgages in arrears of more than 10%, 3% less than the corresponding period in 2019. Despite the positivity 640 buy-to-let […]
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Surveyors reckon property sales will take nine months to recover on average (mean), the RICS residential survey for April found. Some -57% more contributors expected sales to fall than rise in the coming three months. A net balance of -93% of contributors reported a decline in new buyer enquiries in April. A third (35%) of […]
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Alumno Student in Manchester has been granted permission to build a nine-storey high student residence near the Mancunian Way. The development is on a site currently occupied by the Church Inn public house, which has fallen into disuse as it is no longer viable to run. The developer collaborated with the local community and Manchester […]
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The Irish public expect the lifting of social distancing restrictions to be slow and gradual, with most indoor social activities not possible until at least September, research from ESRI has found. Most also believe that the lifting of restrictions should prioritise necessities ahead of leisure activities. Cameron Belton of the ESRI’s Behavioural Research Unit said: […]
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Short-term and marketplace lender Fiduciam completed two loans in Spain this week totaling €2.45m. The nature and complexity of the businesses involved meant that traditional banks were unable to provide a quick turnaround. Cristina Villen (pictured), business development manager for the Spanish team at Fiduciam, said: “It’s always pleasing to be able to provide funding […]
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The UK’s rental market has started to rebound after falling between March and April, Goodlord’s Lettings Activity Tracker has found. Between April 12th and May 7th new applications rose by 45% and completed tenancies by 22%. Between March 17th, when initial lockdown measures came into effect, and April 14th, the number of new tenancy applications […]
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Mint Bridging has launched a product at 65% LTV with a rate of 0.89% per month up to £400,000. The product is fee-free on loans over £100.000 – under that it comes with an exit fee of £1,500. Sinead Moynihan, head of sales at Mint Bridging, said: “Although April was a particularly demanding month for […]
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Land agent Aston Mead said its sector is continuing to operate in a way which has been relatively untouched by the coronavirus pandemic. Unlike the estate agency sector, which has reportedly seen a drop of around 90% in the level of property sales for the time of year, director Richard Watkins says that land deals […]
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The rise in remote working could result in a property boom in secondary cities and the suburbs, according to a survey from US real estate group Zillow. More than half of employed Americans (56%) have had the opportunity to work from home. Meanwhile last week’s Harris Poll found that 75% of people working from home […]
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The UK furlough scheme has been extended by four months to the end of October, Chancellor Rishi Sunak has announced. Employees will continue to receive up to 80% of their monthly wages up to £2,500. However, from August workers can return to their jobs part-time, with employers being asked to pay towards to the salaries […]
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