Leeds Building Society is reintroducing its 2-year fixed rate range of holiday let mortgages. Products have a rate of 2.84% to 60% loan-to-value and 3.34% to 70% LTV. Both products come with a free standard valuation, fees assisted legal services, and no product fee. Matt Bartle, Leeds Building Society’s director of products, said: “In these […]
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Atelier Capital Partners, who offer bespoke short-term lending solutions to property investors, has appointed Martin Gilsenan as director of origination. Gilsenan left mezzanine lender Iron Bridge Finance where he was director of sales since 2017. Atelier Capital Partners launched in January 2020, and Gilsenan’s appointment comes following a recruitment campaign by the lender. Chris Gardner, […]
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Residential Secure Income plc (ReSI) has entered into a £300m long-term secured debt facility with the Universities Superannuation Scheme (USS) which hopes to “unlock” the development of shared ownership homes in the UK. ReSI, which invests in shared ownership, retirement and local authority housing, has entered into the 45-year facility with USS which is drawable […]
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Proptech company Goodlord, which operates a lettings platform, has acquired referencing platform Vouch. Vouch’s founders will become Goodlord shareholders, with Vouch gaining a seat on the Goodlord board. The platforms will retain their separate brand identities, however the two businesses will work together when developing services, integrating with one another via API. Vouch customers will […]
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Last week saw the government change stamp duty once again, temporarily cutting the tax on property purchases worth up to £500,000. While I’m sure the change will be music to many people’s ears, I’m not a big fan of this latest tinkering with stamp duty, for a few reasons. Firstly, it looked like the market […]
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Buy-to-let landlords specialising in student accommodation are facing huge challenges with increased government legislation and the impact of Covid-19 on occupancy, said Mistoria Group, student buy-to-let investment specialists. Student landlords could see a huge drop in demand for accommodation when the next academic year starts. Some universities are focusing on online-only teaching, which may lead […]
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Homes in the US are being snatched up quickly, in part due to a lack of stock, Zillow’s Weekly Market Report has found. Homes sold in the week ending July 4th were typically on the market for 20 days, a week faster than last year. And they are typically selling after only five days in […]
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Stephen de Stadler has been appointed chief executive of Fine & Country South Africa. He will take over the role from Linda Erasmus, is becoming the brand’s international ambassador, charged with expanding its global reach. Jon Cooke, global chief executive of Fine & Country, said: “We are excited about Stephen’s appointment and the vision that […]
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London faces an ‘impending tsunami of evictions’ if the government doesn’t take evasive action, warns Mayor of London Sadiq Khan. With the tenant eviction ban coming to an end on August 23rd, the Mayor made a number of suggestions in a letter to the government. The letter made a number of proposals. One being that […]
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Great Portland Estates are “well positioned” following results from the quarter to 30 June according to their latest trading results. The results show that £4.3m of new rent was signed throughout the quarter, with 11 lettings under offer for £12.1m, of which £7m is a Great Portland Estates share. This is reportedly 4.3% ahead of […]
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