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There were 9% fewer cases of homeowners being in arrears of more than 2.5% in the fourth quarter of 2019 compared to the corresponding period in 2018. It’s a similar story with those in serious arrears of more than 10% of the mortgage balance, as there were 9% fewer cases. In all, there were 70,880 […]
The post Arrears down year-on-year appeared first on PropertyWire.
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Residential Estates, Chester, has identified Preston as an investment property hotspot in 2020. Low asking prices and increasing investment into the region’s economy makes the city a top opportunity, the group said. While the city performed disappointingly since it obtained city status in 2002, it has improved since 2013, while in 2018 it was named […]
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London has the highest proportion of rental disagreements between landlords and tenants, accounting for 37% of all cases in the last year. The data, by rental deposit replacement scheme, Ome, found that the South East came second with 16% of all disputes, with 11% being in the North West. Poor communication on why the deposit […]
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Rental platform Movebubble will release version two of its platform tomorrow. The new version will include an update to the chat feature, with users receiving a WhatsApp-style experience, with double tick read receipts and the ability to check when renters and partners were last online. You can now also filter based on price criteira and […]
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Andrews property group has urged buyers and sellers to list properties ahead of Valentine’s Day this Friday – as the second half of February tends to see a surge in ‘loved-up’ couples seeking to buy or rent new homes together. The number of properties being put up for sale in the second half of February […]
The post Property market set for post-Valentine’s Day boom appeared first on PropertyWire.
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Mike Scott, chief property analyst at Yopa Chancellor Sajid Javid has faced criticism from both estate agents and London MPs after apparent plans to hit larger properties with a “mansion tax” emerged over the weekend. Though an appealing idea in principle, raising additional tax revenue from people who are well-placed to afford it risks distorting […]
The post Sajid Javid’s rumoured “mansion tax” risks further distorting the UK property market if it’s not done right appeared first on PropertyWire.
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Scotland currently offers the best buy-to-let yields across the UK at 5.8%, Sourced Capital research shows. Glasgow is the top region, with yields hitting 7.8% on average, followed by West Dunbartonshire (7.2%) and Inverclyde (7.1%). England averages at 4.1%, with the best yields being found in the North East (4.9%), Yorkshire and the Humber (4.5%) […]
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The cost of buy-to-let mortgages have fallen year-on-year, research from Property Master has found. The biggest fall was for 5-year fixed rate buy-to-let mortgage offers for 65% of the value of a property, which fell by £48 per month between February 2019 and February 2020 for a £150,000 mortgage. Angus Stewart, chief executive of Property […]
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Zoopla delivered a 25% increase in applicant leads and a 17% uplift in valuation leads to agents in January 2020, compared to the same month last year. The company also saw a 15% rise in online sessions. Zoopla attributed the increase to a Boxing Day marketing campaign, though there have been reports of the market […]
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Intermediaries were more confident about the outlook of the mortgage market in Q4 2019 than at any other point during the year, the Intermediary Mortgage Lenders Association Mortgage Market Tracker found. According to the research, 93% of mortgage intermediaries were confident about the outlook for the mortgage industry heading into 2020. Kate Davies, executive director […]
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