The market is in a strange place at the moment, as Sarah Coles of Hargreaves Lansdown highlighted last week. It seems the desperation to beat the stamp duty holiday deadline could be causing people to panic buy, as competition drives investors and owner-occupiers to make increasingly high offers. Arguably this is already filtering through to […]
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The ‘dysfunctional’ housing market is encouraging people to pay over the odds for homes, warned Sarah Coles, personal finance analyst at Hargreaves Lansdown. She was responding to the latest RICS Residential Market Survey, which found that 46% more RICS members saw demand increase during October, the fifth consecutive month there’s been an increase. However, a […]
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UK residents are increasingly browsing homes overseas during lockdown, according to data from Kyero, a platform enabling people to buy property in Europe. There was a 30% increase in UK visitors to to the Kyero site between April and June 2020 compared to the same period in 2019. Louise Dell, founder of Kyero.com, said: “Lockdown […]
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InterBay Commercial is launching a semi-commercial range for investors looking for mixed-use properties. Products include a 70% LTV 2-year fix at 5.59%, a 60% LTV 3-year fix at 4.99%, as well as a 5-year fix at 5.39% to 65% LTV. All products come with a 1.5% fee, or 1.25% for existing customers. Commercial income can […]
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Stephanie Taylor, co-founder of HMO Heaven and Rent 2 Rent Success With a recession on the horizon and coronavirus still with us some are predicting that the market for HMOs (Houses of Multiple Occupancy, also known as house shares) will hit the buffers. However, in my opinion the opposite is true and there is good […]
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Overseas buyers were the driving force behind the mortgage market in October, Legal & General Mortgage Club research shows. L&G’s SmartrCriteria tool, which helps advisers determine which lenders would consider a particular mortgage applicant, shows that mortgages for applicants with visas was the highest searched term among advisers in October. Searches for ‘expats not in […]
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Mortgage lender Together has partnered with Nivo, with the intention of giving commercial loan customers access to quicker lending decisions via secure messaging. The app enables the lender’s staff to speak to customers in a text-like conversation on their smartphone. Together will use the system to securely request sensitive documents needed to underwrite applications. They […]
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Skipton International has launched two buy-to-lets mortgages for those looking for a loan size above £750,000. The products are a 3-year base rate tracker at 2.49% and a 5-year fix at 3.24%, both to 70% loan-to-value. Roger Hughes, business development manager at Skipton International, said: “Since Rishi Sunak announced the Stamp Duty and Land Tax […]
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Property keyword searches on Google have skyrocketed in August year-on-year in St Albans (60%), Brighton & Hove (36%) and Bath (59%), the research from Hamptons International has found. Transport links and proximity to the office are becoming less important considerations for those looking to relocate. Instead, a speedy broadband connection and a comfortable work from […]
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Nima Ghasri is director at regulated property buyers, Good Move Gazundering, or the process of a buyer lowering their initial offer on the previously agreed-upon sale price, is a scary concept for sellers, but how do you prevent it from happening? Set a date for exchanging Although not all purchases can work like this, it’s […]
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