Two thirds of estate agents think they don’t meet the HMRC’s anti-money laundering rules, auctioneering and conveyancing firm iamproperty has found. Less than half (46%) of Estate Agents believe that AML regulations are equally understood and implemented by agencies across the country, though 80% think they fully understand the regulations. Ben Ridgway, group managing director […]
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Buy-to-let lender Landbay has launched a limited edition product, which is a 3.39% 5-year fix to 75% LTV. The product includes a free valuation for standard properties valued up to £400,000, and comes with a 1.5% product fee. Paul Brett, managing director of Intermediaries at Landbay, said: “We are committed to remaining as competitive as […]
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Barratt Developments has built 793 homes in the Bristol region in the last 12 months, and brought more than £47m to local communities. The company spent £29m on physical works in the community to improve highways, local outdoor spaces and community facilities. A further £13m came from through spending in shops and services, while £5.6m […]
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More than 29,000 house sales fall through every year due to fears over local crime, amounting to 2.4% of house sales. Churchill Home Insurance research shows that over two thirds (69%) of potential homeowners are fearful over crime rates in the area they are looking to buy in. The biggest concerns voiced by homebuyers to […]
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The equity release market’s rapid growth came to a halt in 2019, with the total staying flat compared to 2018. There was £3.92bn of housing equity withdrawn, down slightly from £3.94bn in 2018, figures from trade body the Equity Release Council show. However, the market has still grown four-fold in the last decade, with the […]
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Real estate technology company Blueground has launched its first collection of furnished apartments in London. As PropertyWire detailed in December, the company provides a place to live for primarily work-related travellers in various cities. Saad Cheema, VP of global expansion at Blueground, said: “We have extremely trusted relationships with the landlords and property developers we […]
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Net mortgage borrowing reached £4.6bn in December, above the £4.2bn average seen over the previous six months, the Bank of England’s Money and Credit statistics found. The number of approvals rose to 67,200, above the six-month average of 65,900, highlighting that the market still performed steadily amidst the uncertainty of the general election. Kevin Roberts, […]
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The Financial Conduct Authority is pressing ahead with rule changes that should make it easier for people to take out mortgages without getting advice. As detailed by the regulator in a policy statement, suggesting a customer does or doesn’t take out a type of mortgage, like a variable mortgage, will not be considered advice. Instead […]
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The news that 10% of landlords are considering switching to an Airbnb model should come as a warning to the powers that be. The growing popularity of short-term lets hasn’t been all doom and gloom – now people can travel and live in quality accommodation, rather than pay steep costs to stay in mediocre hotels. […]
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The news that 10% of landlords are considering switching to an Airbnb model should come as a warning to the powers that be. The growing popularity of short-term lets hasn’t been all doom and gloom – now people can travel and live in quality accommodation, rather than pay steep costs to stay in mediocre hotels. […]
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