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Some 325,000 buyers could miss out on completing a home purchase before the stamp duty holiday expires, thanks to delays in the homebuying process. Delays to the mortgage process, as well as conveyancing and surveying, could see it take five months to complete the homebuying journey. The stamp duty holiday is due to expire at […]
The post Stamp duty holiday cut-off could ruin 325,000 home moves appeared first on PropertyWire.
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Investors in Birmingham can expect a rental yield of 5.4% and price growth of 14.2% in the next five years, making it the best location for investors, according to UK developer SevenCapital. Average rents have risen by 30% in the past decade, and are expected to increase by 15.9% in the next four. Prices in […]
The post Birmingham rated the best place for property investors appeared first on PropertyWire.
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Glenhawk has launched its first regulated bridging product, for borrowers looking to secure finance against their primary residence. The product’s interest rates start from 0.55% per month, with terms of up to 12 months and a loan size between £100,000 and £1.5 million. There are no admin or exit fees. The product launch follows the […]
The post Glenhawk launches first regulated bridging loan appeared first on PropertyWire.
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John Dobson is chief executive at anti-money laundering service, SmartSearch Mortgage application fraud occurs when an individual provides false or altered documents in support of a mortgage application. Research from Cifas revealed that fraudulent applications on mortgages were up by 5% in 2019, as 13% of British adults believe it is ‘reasonable’ to exaggerate income […]
The post How to avoid money laundering suspicion when applying for a mortgage appeared first on PropertyWire.
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Steve Coulson, the chief executive and co-founder of Kitt, an office platform that partners with landlords While working from home remains the norm for many, businesses across the UK are in flux when it comes to their office space. Some are moving to longer term remote working, while others are using this as a hiatus […]
The post It’s time for landlords to think as business owners appeared first on PropertyWire.
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A surge in buyer demand for larger properties has caused a rise in the price of detached properties according to the latest research from Halifax. Analysis based on data from the Halifax House Price Index found that the cost of the largest types of properties in the UK has risen at more than twice the […]
The post Demand for more space drives surge in price of detached properties appeared first on PropertyWire.
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Some local authorities are taking 42 times longer than others to process the local land searches that are required as part of the buying process, research from solicitor firm Simpson Millar has revealed. Melton Borough Council in Leicestershire have been taking 42 days on average to process a local land search, according to insight gathered […]
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Letting agents should prepare to disclose the third-party referral fees they receive to landlords and tenants, according to PayProp. Earlier this month, the National Trading Standards Estate and Letting Agency Team (NTSELAT) proposed to the government that estate agents disclose any fees they receive when referring clients to other service providers, such as conveyancers. Although […]
The post Letting agents should pre-emptively start disclosing referral fees appeared first on PropertyWire.
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Property investors are increasingly looking to buy outside of cities, in the countryside and coastal town centres, research from business and landlord insurance provider Simply Business has found. One in 10 (10%) landlords now plan to purchase properties compared to just 3% at the end of last year. At the end of last year a […]
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UK developer SevenCapital has shared five top tips to help you avoid the risk of being haunted by a bad investment situation: Investing in property whether it’s your first investment or your fifth can give you goose bumps at any time of year, but if you’re investing around Halloween time, you want to make sure those tingles […]
The post Tips to avoid a buy-to-let nightmare appeared first on PropertyWire.
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