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Mortgage searches by advisers around visas and non-UK residents has seen a significant rise according to Legal & General Mortgage Club. Data from the SmartrCriteria tool, which helps advisers to determine whether a particular lender would consider a mortgage application from their client, shows that criteria searches related to ‘visas’ were ranked as the most […]
The post Stamp duty changes spur rise in interest from overseas buyers appeared first on PropertyWire.
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The cost of renting increased across six out of eight regions of the UK – with particularly strong increases in the North East and East Midlands, Goodlord’s rental index has found. In July the typical cost of renting was £838.24 in the North East, up from £652.61 in June. The East Midlands also saw a […]
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There are currently 167,853 build-to-rent homes being constructed in the UK, an increase of 22% from the same period last year. Within London there are 11% more build-to-rent developments, while outside there are 34% more in the planning, construction or completed phases. Promisingly there are 46,221 new builds in the planning phase outside of the […]
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Paul Howells (pictured), chief executive of Accumulate Capital Buy-to-let landlords have been feeling the pressure in recent years. Since 2016, new reforms and regulations have made the process of buying, selling and managing rental properties increasingly difficult and complex. The onset of COVID-19 has only made things more complicated, and some are no doubt questioning […]
The post Will the stamp duty holiday bring landlords back to the buy-to-let market? appeared first on PropertyWire.
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UK homemovers are increasingly insisting that Covid Clauses are inserted into their contracts, in case they are unable to move due to the pandemic. That is according to national law firm Devonshires, which said customers are worried a local lockdown could prevent them from moving to their new home. A Covid Clause offers parties the […]
The post House movers insisting on Covid Clauses appeared first on PropertyWire.
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Ipswich Building Society has hired Charlotte Grimshaw as head of mortgage sales, a role in the senior management team. She previously spent eight years at Family Building Society, while before that she worked at Marsden Building society. Richard Norrington, chief executive of Ipswich Building Society, said: “We know just how important intermediaries have been to […]
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Private landlords are welcoming the news that the Government has accepted many of their recommendations about how the new Green Homes Grant scheme should work. Announced in the Chancellor’s Summer Statement, the scheme will see the Government provide at least two-thirds of the cost of improvement work for homeowners and landlords to make their properties […]
The post Landlords welcome Green Homes Grant plans appeared first on PropertyWire.
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Online platform Lendlord has partnered with Guardian Tax & Accounting to enhance its portfolio management product with automated tax insights for landlords. The product hopes to provide landlords with the ability to track their portfolio’s net profit, total capital gains tax and their inheritance tax exposure on an ongoing basis. Guardian Professional, who are specialist […]
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Rents have surged in the North West of England in the past year, rising by 6.5% to average at £773 in July 2020. They also increased by 2% from June to July, suggesting demand has been strong following the lockdown. The region with the biggest month-on-month increase in rents was Northern Ireland, with a rise […]
The post North West rents surge appeared first on PropertyWire.
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West One has relaunched its buy-to-let range, lending up to 75% LTV with loan sizes up to £1m. The lender has reduced all rates by 0.65%, so they start from 3.59% for standard residential products and 3.79% for specialist products. The maximum loan size has been increased from £750,000 to £1m, while the LTV was […]
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