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Scotland must encourage investors into its property market to support the economy once the coronavirus recedes, property management platform apropos has argued. David Alexander, joint managing director of D.J. Alexander and apropos, argued that Scotland should align its Land and Building Transactions Tax thresholds with Stamp Duty in England. He said: “Clearly there is going […]

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Almost a third (31%) of probate cases in the last 12 months have faced delays in closing an estate, research from Direct Line Life Insurance’s probate lawyers has revealed. The most common reasons causing issues when settling an estate were; one or more of the listed beneficiaries could not be found (33%), there were difficulties […]

The post Finding a beneficiary in probate can cause delays of more than nine months appeared first on PropertyWire.

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The South West of England is the leading UK region when it comes to rent increases, as they were 6.6% higher in September than the same month last year. HomeLet’s Rental Index shows that rents averaged at £902 in the South West in September 2020, up from £846 in September 2019. There were also strong […]

The post The South West leads the way on rent rises appeared first on PropertyWire.

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London renters are increasingly looking to Hammersmith and Fulham, where rental enquiries have surged by 67% from last year, research from proptech lettings service Home Made has found. Other areas with strong demand, based on the total number of enquiries per property, are Ealing (2nd), Camden (3rd), Kensington & Chelsea (4th) and Tower Hamlets (5th). […]

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London Credit has completed a complex £1.8m refinance bridging loan for five residential properties located in North London. The client was a UK property investor holding a portfolio of five, freehold properties in Tottenham and Cockfosters, with a total value £3.3m. The 12 month loan, with an LTV of 54.1%, was used to consolidate two […]

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Buy-to-let investors are holding onto properties for a number of years, research from independent estate agents ludlowthompson found. Some 29% of investment properties sold in 2018 had been owned for more than 15 years, up from 22% two years previously. The agency said one in five investment properties sold in 2018 had been owned for […]

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PropTech company RentProfile has launched Onboarding, a product designed to automate and streamline the set-up and management of new tenancies during COVID-19. Onboarding removes the need for physical interactions and paperwork by remotely managing tenancy creation, agency terms, referencing, electronic signing of tennacy agreements, as well as the setting up of deposits and rent. Paul […]

The post Product launches to digitise the letting process for remote working appeared first on PropertyWire.

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Liverpool estate agent Adam Sutton has warned that house prices could fall once the coronavirus recession kicks in. Adam Sutton, founder of Adam Sutton Estates, spent years working in the real estate sector in London’s Canary Wharf before setting up his own property selling business in Liverpool. He said: “Houses prices plummeted by an average […]

The post ‘Sell now before house prices crash’, warns Liverpool estate agent appeared first on PropertyWire.

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The National Trade Standards has recommended for the introduction of legislation requiring agents to display referral fees. Mark Hayward, chief executive of NAEA Propertymark, said: “New legislation which will require agents to display referral fees is a step forward, providing clarity to agents that they mustn’t fall foul of the law but importantly ensuring greater […]

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Virgin Money has cut various buy-to-let mortgage rates – including its 75% LTV 2-year fix, which was reduced by 0.30% to 1.84% with a £995 fee. The lender’s 60% LTV 2 and 3-year fixes with a £1,995 fee have both been cut by 0.09% to 1.67%. Meanwhile Virgin’s 60% LTV 5-year fix has been reduced […]

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