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The number of house hunters registered per estate agent branch increased by 22% to 382 from December to January, NAEA Propertymark’s January Housing Report has found. However, the number of properties available per member branch fell from 41 to 38, meaning the gap between supply and demand has increased. Mark Hayward, chief executive, NAEA Propertymark, […]
The post Gap between property supply and demand widens appeared first on PropertyWire.
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Nakul Sharma is chief executive at Hostmaker The buy-to-let market has experienced dramatic change over the past couple of decades. In the 2000s, buy-to-let was undoubtedly king – in 2008 alone, more than a million homes were acquired with a buy-to-let mortgage, and 2013 saw more than £20bn being loaned to prospective landlords. However, upon […]
The post 2020: The options set to reinvigorate the buy-to-let market appeared first on PropertyWire.
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The Nottingham for Intermediaries has launched 2-year fixes at 2.76% with a £999 fee and 2.79% with a 0.50% fee, both to 75% LTV. They are designed to help landlords who have limited company status for their portfolios. Changes to mortgage interest rate tax relief have led to landlords reviewing how their portfolios are structured. […]
The post The Nottingham unveils 75% LTV limited company buy-to-let mortgages appeared first on PropertyWire.
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Bricklane has completed the acquisition of a portfolio of residential assets worth more than £13.6m from the British Residential Unit Trust (BRUT). The portfolio comprises of 74 residential rental properties in Manchester and Birmingham. Simon Heawood, chief executive and co-founder of Bricklane, said: “We are actively looking to buy portfolios that fit our strategic criteria […]
The post Bricklane acquires £13.6m residential property portfolio appeared first on PropertyWire.
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Some 89% of lots were sold at Auction House London on 12 February 2020, its first sale of 2020. One notable sale was a severely fire damaged three-bedroom semi in Tooting, which started with a guide of £375,000 and sold for £647,000. The property in south west London is close to the Tooting Bec underground […]
The post Auction House London sells 89% of lots appeared first on PropertyWire.
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Homebuyers in Cardiff can plan their ideal home layout before they buy, with new interactive software from Barratt Homes. The housebuilder has launched the new ‘Doll’s House’ imagery for its Kingsville three story townhouse at Maes Y Deri in Cardiff, so buyers can ‘try before they buy’. The interactive visual will mean potential buyers can […]
The post ‘Doll’s house’ helps buyers in Cardiff visualise new townhouse appeared first on PropertyWire.
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Over half (54%) of renters have concerns about being unable to pay their rent due to financial difficulty, research from Intus Lettings has found. The average rent contribution per month is £530, while half of tenants don’t believe their rental property is good value for money. Hope McKendrick, head of lettings at Intus, said: “These […]
The post Tenants plagued by financial stress appeared first on PropertyWire.
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Homeowners looking to convert their loft should expect to add an average of £11,020 to the price of their home, Halifax research found. This is despite the cost of converting the loft being around £22,200. Going green with a living roof – where vegetation or plants are added to the roof of a property – […]
The post Adding a loft is the most lucrative home improvement appeared first on PropertyWire.
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More tenants are seeking housing but supply fell to its lowest level in seven months in January, ARLA Propertymark’s January PRS report has found. Demand for rental accommodation reached a record high of 88 per member branch last month, up from 56 in December 2019. David Cox, chief executive of ARLA Propertymark, said: “This month’s […]
The post More tenants seeking housing but rental stock falls appeared first on PropertyWire.
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Savings schemes, Help to Buy replacements and Stamp Duty should all be looked at by the government ahead of the Budget on 11 March 2020, according to the Intermediary Mortgage Lenders Association. IMLA said first-time buyers have to find large deposits of 20-25% due to tighter affordability criteria and stress testing rules, which means ‘more […]
The post IMLA calls for ‘big thinking’ Budget to fix the housing market appeared first on PropertyWire.
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