Letting agents should prepare for changes to the repossession process following the ban on evictions coming to an end this month, according to rental payment automation platform PayProp. Changes include a new pre-action protocol, a temporarily extended notice period and potentially longer waiting times for court hearings. According to PayProp, agents will play a crucial […]
The post PayProp: Letting agents must prepare for new system appeared first on PropertyWire.
A new property management assistance website entitled ‘Block in a Box’ is coming to market on 21 September. The website is designed for those who manage a block of apartments in the UK, and will act as a gateway to suppliers nationwide ranging from contractors to valuation services so that property managers are able to […]
The post New property management assistance website coming to market appeared first on PropertyWire.
Property construction is starting to return, as recruitment agency Sphere Solutions reveals. Permanent construction workers are getting back on site, though there are currently only around 40% compared to pre-lockdown levels. Meanwhile there are 60% of temporary workers compared to before the lockdown. Both are steadily increasing. James Hughes, managing director of Sphere Solutions, said: […]
The post Construction slowly recovering appeared first on PropertyWire.
Legal & General Mortgage Club has raised concerns about the widening gap between supply and demand after the lockdown period. One in four people (25%) plan to buy a home in 2020, with a further 28% saying they are considering a property purchase this year. However only 4% of homeowners are looking to sell this […]
The post L&G: ‘Unprecedented’ demand from homebuyers could dry up UK housing stock appeared first on PropertyWire.
TSB has upped its buy-to-let stress rate to 5.5% across most of its products. This applies for remortgages and fixed rates spanning at least five years. Meanwhile digital lender Selina Finance has increased its maximum LTV for portfolio landlords for 75% LTV for those taking out a revolving credit facility against multiple properties. Selina has […]
The post Buy-to-let product update: TSB ups rates and Selina Finance increases LTV appeared first on PropertyWire.
LendInvest will now provide pre-agreed limits on how much it will lend, meaning landlords can then go through a shorter underwriting process when applying for a mortgage. As part of a standard mortgage application, if an appetite statement is requested an interview will be carried out to ascertain the borrower’s business plan along with their […]
The post LendInvest unveils ‘appetite statements’ for landlords appeared first on PropertyWire.
A quarter of UK employees (25%) admit to sleeping on the job whilst working from home throughout Covid, a survey from printing and business card company instantprint found. More than a third of Brits (37%) are working less hours since working from home, with the other major distraction being Netflix (37%). Jon Constantine-Smith, head of […]
The post Brits admit to sleeping on the job when working from home appeared first on PropertyWire.
Playing music loudly (28%) is the top reason for neighbour complaints, followed by having loud parties (26%), research from property buying company Good Move found. Almost two thirds (64%) of people have had arguments with their neighbours at some stage. Other common reasons include having overgrown plants and trees (19%), parking over the others driveway […]
The post Neighbours mainly fall out over loud music appeared first on PropertyWire.
Offr, the proptech platform digitising the buying, selling and leasing process for real estate agents and buyers, has launched in the UK & Australia. The company has raised £2.7M (€3M) in seed funding led by Barclays. Also participating in the round were Delta Partners on behalf of Bank of Ireland, AIB, Enterprise Ireland, The European […]
The post Digital property platform Offr launches with the help of Barclays appeared first on PropertyWire.
Property instructions and viewings were up in July following the stamp duty holiday, according to data published by property group Andrews. Viewings saw a monthly increase of 29% in July, with physical viewings up 45% as buyers returned to the market. There were almost 6,000 viewings in July compared to just 20 in April, with […]
The post Property viewings up 30% in July appeared first on PropertyWire.