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L&G Mortgage Club achieved £7.5bn in mortgage completions in October, the highest in its history. The previous record of £7.1bn was set in October 2018. In the year to October lending facilitated by the club reached £64.3bn, an increase of 6% year-on-year. Kevin Roberts, director of Legal & General Mortgage Club, said: “We are in […]
The post L&G Mortgage Club sets record high for completions appeared first on PropertyWire.
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Gross mortgage lending fell by 0.9% in October 2019 year-on-year, but approvals rose by 3% to give a mixed picture of the market. UK Finance data shows there was £25.5bn of mortgage lending in October 2019. Mark Harris, chief executive of mortgage broker SPF Private Clients, said: “As we head towards the end of the […]
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Renting app Movebubble has partnered with investment company Blackfinch, as it looks to expand in 2020. Blackfinch is said to have made “a considerable contribution” into the business. In 2019 Movebubble launched in Manchester, adding Build to Rent deveopers to its platform. It plans to expand to other cities next year. Dr Reuben Wilcock, ventures […]
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The UK buy-to-let market is now more attractive to expat and overseas buyers owing to the Brexit effect, mortgage broker Offshoreonline.org has argued. Since the Brexit referendum in 2016, the rate of price increase in the UK housing market has fallen from 8.2% per annum in June 2016 to 1.3% in September 2019. Combined with […]
The post Brexit resulting in buy-to-let bargains for expats appeared first on PropertyWire.
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The Conservative Party manifesto has launched, with the catchphrase “get Brexit done” printed at the top. Focusing on property however, here’s what the manifesto is proposing: • Introduce long-term fixed rate mortgages. More • Charge non-UK residents a stamp duty surcharge. More • Abolish ‘no fault’ evictions – aka get rid of Section 21. • […]
The post The Conservative Party’s housing policies summarised appeared first on PropertyWire.
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Aberdeen has been rated the best place to live in the UK, based on job opportunities, average salary and house price affordability, analysis from Adzuna has revealed. Other strong areas are Preston, Newport, Liverpool and Carlisle. The most affordable spot for renters is Hull, where under 17% of renters’ salary goes towards paying rent. Andrew […]
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The Conservative Party has pledged to charge overseas buyers a stamp duty surcharge of 3% – much to the surprise of the property industry. A year ago it was proposed that foreign buyers would be charged an extra 1%. Vadim Toader, founder and chief executive of Proportunity, a fintech start up offering Help to Buy-style […]
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Graeme Pollock (pictured) is director and head of east agency at the Edinburgh commercial department of DM Hall Chartered Surveyors. Like Banquo’s ghost, the spectre of endless Brexit hangs over the commercial property market in Edinburgh and its immediate hinterland and, until it is banished, the feasting will necessarily remain subdued. There has certainly been […]
The post Edinburgh’s commercial real estate sector is still hampered by Brexit risk appeared first on PropertyWire.
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The UK construction industry has increased its research and development (R&D) spending to a record high of £351m over the course of a year, ONS data has revealed. The total amount spent on R&D by businesses in the construction sector rose 9.7% annually, or £31m year-on-year, analysis by R&D tax relief specialist Catax shows. The […]
The post Modern Methods of Construction results in more R&D spending appeared first on PropertyWire.
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LOWE Guardians has taken on 50 new managed properties in the space of 12 months. Having signed contracts with NHS Property Services, Ealing Council and Lambeth Council, LOWE now manages over 700 guardians, many of who are local key workers. Tim Lowe, founder and director, LOWE, said: “Over the last 12 months we have seen […]
The post LOWE increases managed properties from 30 to 80 in 12 months appeared first on PropertyWire.
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