Foundation Home Loans has enhanced three of its 5-year buy-to-let products available to both limited company and individual landlord borrowers. In its F1 buy-to-let product range, intended for landlord borrowers with an almost clean credit history, it has cut its five-year rates on its 65% LTV product to 3.24% from 3.39%, and its 75% […]
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Sachin Parmar (pictured), senior planner at Marrons Planning, planning consultancy, part of law firm, Shakespeare Martineau. The UK has been in the midst of a housing crisis for years, and COVID-19 has highlighted that a failure to cater to people’s needs is an integral part of it. A housing revolution is required, with residents’ wellbeing […]
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More than twice as many principals, advisers and administrators worry about the impact of a second coronavirus lockdown than about Brexit, a survey from the MCI mortgage club has found. Nearly three-quarters (73%) worried about the impact of a fresh lockdown on the mortgage market over the next 12 months, compared to a third (35%) […]
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Some 43% of UK investors between 18 and 34 plan to buy more property due to the stamp duty holiday, research from FJP Investment has found. For all investors this falls to 24%, as younger landlords are keenest to take advantage. Stamp duty was temporarily cut on property purchases worth up to £500,000 last month. The […]
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Nima Ghasri, director at regulated property buyers, Good Move Up to 56,000 people are still living in properties with the dangerous ACM cladding the same as Grenfell Tower. Which cladding is dangerous? Aluminium Composite Material (ACM) was the cladding used on Grenfell Tower and has now been found to be combustible and incredibly dangerous. The […]
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Vida, the specialist mortgage lender has partnered with Zoot to develop a digitally focused mortgage journey for brokers. The partnership is a significant part of Vida’s £5m investment in its technology strategy. The cloud-based platform will allow Vida to create an advanced ecosystem at both the front-end of the business and behind the scenes. This […]
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UK average house prices increased by 2.6% over the year to April 2020, down from 3.5% in March 2020 according to the latest ONS House Price Index. Average house prices increased over the year in England to £251,000 (2.5%), Wales to £169,000 (5.0%), Scotland to £153,000 (1.6%) and Northern Ireland to £141,000 (3.8%). London’s average […]
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Buy-to-let rates to 60% loan-to-value have risen significantly since March, Moneyfacts’ buy-to-let product data shows. The typical cost of a 60% LTV 2-year fix is currently 2.42%, up from 1.89% in March. For a 5-year fix to 60% LTV the average cost has risen from 2.31% to 2.76%. While this may be bad news for […]
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The proportion of transactions involving new builds are most common in the North East (10.9%), East Midlands (10.7%) and London (10.7%), research by property developer StripeHomes has found. Within London, 40% of all transactions in the last year were new builds in Tower Hamlets, while in Hackney and Greenwich the sector accounted for 28% of […]
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A significant proportion (43%) of London employees want to work locally for all or some of the time going forwards, a survey commissioned by flexible workspace operator Spacemad found. The most popular option was found to be 2-3 days a week working from a local workspace (61%) and 2-3 from company headquarters. Only 15% want […]
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