The average number of prospective buyers registered per estate agent branch reached 451 in October, the highest number ever recorded for that month, NAEA Propertymark’s October Housing Report found. In October last year there were 341 house hunters on average per branch. However there were still fewer than the 525 recorded in September Mark Hayward, […]
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Tenants’ desire to own a property and save for a deposit falls from the age of 35, research from Paragon Bank has revealed. Some 72% of those in rented accommodation would like to own a property in the future. Those in the 25-34 age category have the greatest desire to buy a home, with 88% […]
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Skipton International, the Guernsey bank specialising in UK buy-to-let mortgages for overseas residents, has seen its UK mortgage pipeline double. Since July, following Chancellor Rishi Sunak’s announcement of a stamp duty holiday on UK property, there has been a rush of investors wanting to purchase before the completion deadline of 31 March 2021. Roger Hughes, […]
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Property Master, the ‘digital’ buy-to-let mortgage broker, has appointed David Copland as its new business development director. Copland spent 10 years with LSL Property Services as director of mortgage services. He joined LSL following the group’s acquisition of Pink Home Loans from the Skipton Building Society in December 2010. Property Master was launched three years […]
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West One has launched two 5-year fixed rate buy-to-let products at 3.39% to 65% and 3.44% to 70% LTV with a 2% fee. The limited-edition range offers a maximum loan size of £500,000 for properties worth up to £800,000. Andrew Ferguson, managing director of buy-to-let at West One, said: “Demand from landlords remains strong at […]
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Chancellor Rishi Sunak has pledged to provide £2.2bn of funding for housebuilders. The majority of this funding will be in the form of loan finance for house builders, including those using modern methods of construction. A further £100m will fund authorities in 2021/22 to support housebuilding and regeneration – including for serviced plots for self […]
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The number of overseas landlords coming forward to admit tax avoidance has risen 65% in the last five years, said the accountancy firm Moore. Some 390 overseas buy-to-let landlords admitted to HMRC they have not been paying the right amount of tax last year, up from 237 in 2015/16. A total of 1,502 overseas landlords […]
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Julian Joseph (pictured), real estate partner and retail specialist at law firm, Shakespeare Martineau The UK’s retail sector has faced a host of challenges in 2020 and, moving forward, it is essential that retailers innovate in order to thrive in the ‘new normal’. As the sector struggles with reduced profits, landlords are being forced to […]
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The housing market in England and Wales is displaying signs of stabilising, according to analysis of web traffic from property advice website Property Price Advice. Valuation requests on the website have broadly returned to their four-year average, representing a significant fall from the immediate post-lockdown spike. Requests in June were almost 70% above the four-year […]
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The West End is the fastest recovering area in London for commercial office space. It’s the only area to surpass its January 2020 demand levels, as office platform Kitt revealed that enquiries have bounced back by 132% since then. Steve Coulson, chief executive and co-founder of Kitt, said “Despite the uncertainty of the market, we […]
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