UK homeowners have typically spent just over £4,000 on renovating their properties since the lockdown began in March, the Renovation Nation Report from money.co.uk has revealed. Garden upgrades (34%) top a list for the most popular lockdown renovation projects, closely followed by the living room (23%), bedroom (22%) and kitchen (22%). Almost a quarter (24%) […]
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Bookings for removal services jumped 51% in the last month, indicating how the property market is picking up pace. Data from domestic services firm Fantastic Services found that bookings are 153% higher than they were in mid-May. Nick Staton, owner of Statons Estate Agent in North London said: “The property market is better than it […]
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The average rent in the UK is now £965 which is up by 1.5% on the previous month, according to the latest HomeLet Rental Index. When London is excluded, the average rent in the UK is £808 which is an annual rise of 1.8%. Despite annual rises in ten of the twelve regions monitored by […]
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A new property portal app entitled MoveStreets has entered the market in the hope of changing the way prospective homebuyers and renters can shop the property market. Set up by entrepreneur and chief executive of Kamani Property Group Adam Kamani, who PropertyWire interviewed last month, MoveStreets allows users to browse the site’s database of available […]
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Rents are falling in London and Edinburgh but demand is pushing them up outside those cities, Zoopla’s rental market report has found. When London is taken out of the equation rental growth currently stands at 2.2% across the UK, but inside the capital there is rising supply and less demand, especially as you get more […]
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The UK’s economic recovery is expected to slow down in Autumn, according to economic consultancy Pantheon Economics. UK GDP rose by about 8% month-on-month in July but is only expected to grow by 3% in August and September, before fading to below 1% after that. While households are expected to see their incomes rise in […]
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Mortgage brokers are searching for criteria on holiday lets and limited companies, likely caused by the pandemic and the introduction of the stamp duty holiday. The data comes from Knowledge Bank, which reveals the criteria buy-to-let brokers are researching into on behalf of their landlord clients. Demand for holiday lets could be on the rise, […]
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Whitehall Capital has completed a £2.3m loan to refinance a refurbished £3.1m eight-unit residential development scheme in Peckham, London, in eight days. The property, originally two terraced houses, has been developed into eight flats. Christos Kitromilides, Whitehall Capital analyst, said: “This is a very difficult time for many businesses, and the consensus is for things […]
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Portico, an estate and lettings agency, has partnered with Goodlord to offer landlords insurance. If landlords take out a policy they will have their rent paid in full should the tenant fall into arrears. This applies for up to 12 months. The basic policy costs £250+VAT. Robert Nichols, chief executive of Portico, said: “Landlords and […]
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Mortgage searches by advisers around visas and non-UK residents has seen a significant rise according to Legal & General Mortgage Club. Data from the SmartrCriteria tool, which helps advisers to determine whether a particular lender would consider a mortgage application from their client, shows that criteria searches related to ‘visas’ were ranked as the most […]
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