Completed rentals were up by 30% in July for property management firm, D. J. Alexander. There were 235 new rentals, of which the majority were finalised through virtual viewings. David Alexander, joint managing director of D. J. Alexander, said: “We have had an incredibly busy July with substantially increased demand from renters. “This has helped […]
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The North East is the current new-build property hotspot compared to all regions of England and Wales, with 10.9% of all transactions occurring within the new-build sector according to the latest research by property developer StripeHomes. StripeHomes analysed property transaction data over the past 12 months to find which areas were home to the largest […]
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PRIMIS Mortgage Network has partnered with Foundation Home Loans, the intermediary-only specialist lender. PRIMIS’ advisers will be able to access Foundation’s specialist product ranges for residential borrowers with complex income, employment or credit history, and for buy-to-let landlords and limited companies seeking to purchase or refinance a wide range of property types including houses in […]
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The Scottish universities of Dundee, Aberdeen, and Strathclyde offer the best buy-to-let yields among the UK’s top institutions, Howsy research has found. Dundee offers rental yields of 7.2%, followed by 6.8% in Aberdeen and 6.62% in Glasgow. In Dundee typical house prices are £146,000, with typical rents costing £876 per month. Outside of Scotland, the […]
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When buying a house gardens are now the top priority for Brits after being in lockdown, research from personal finance comparison website finder.com has found. One in three (33%) potential buyers said the garden and the size of the outdoor space was their top priority. The size of the property (28%) and parking (24%) are […]
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Legal & General Mortgage Club has added Canada Life and Just to its later life panel. Through Just’s proposition, panel members can access lifetime mortgage products for their clients which provide an option to pay some or all of the monthly interest, helping borrowers manage the overall cost of the loan amount. Canada Life’s retirement […]
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Hammock, the landlord-focused technology platform, has raised £1m in seed investment from Fuel Ventures and Ascension Ventures. Hammock currently plugs into landlord’s bank accounts via open banking and automatically monitors rent collection, tracks payments and expenses and delivers live analytical reporting on the wellbeing of each rental house or flat. By providing tracking of balance […]
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Orchard Street Investment Management has completed the acquisition of a prime, multi-let industrial estate in Hemel Hempstead, Hertfordshire for £14.9m. The asset was acquired from DTZi on behalf of St James’s Place Property Unit Trust. Existing tenants including Virgin Media, NTT, the Ambulance Service and DHL. Centro Industrial Estate is a freehold self-contained estate totalling […]
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The UK housing market saw £37bn worth of property sales agreed in July, representing the busiest month for home buying since data was first tracked by Rightmove. Rightmove’s weekly sales agreed figure was also up by 60% compared to the same week in 2019, as buyers continue with their home-moving plans. There were unseasonal all-time […]
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Early signs suggest the government’s stamp duty holiday is having the desired effect by stimulating housing market activity. Countrywide has seen a 38% increase in buyers since it was announced, while in July a net 75% of surveyors saw a rise in new buyer enquiries. The only research playing down its impact I’ve seen was […]
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