Mortgage lending fell by 1.1% to £265.8bn in 2019, likely reflecting the political uncertainty the UK faced. However 7.4% more mortgages were approved by the main high street banks in 2019 – including 8.0% more for home purchase. Miles Robinson, head of mortgages at online mortgage broker Trussle, said: “It’s encouraging to see this uptick in […]
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Prices in Prime Central London surprisingly rose in 2019 despite volumes dropping off, London Central Portfolio’s (LCP) residential index found. There were annual price increases of 6.4% for existing stock and 0.9% for new build, bringing them to £1.919m and £3m. However sales volumes fell by a dramatic 55% for new builds and 5.1% for […]
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Bruce Burkitt, founder and managing director at Property Experts Formerly a property industry secret, the number of option agreements has risen dramatically in recent years, and with numerous local authorities having relaxed their planning policies in order to encourage the creation of new homes, an increasing number of property entrepreneurs are seeing this opportunity as […]
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More renters are saving for the primary purpose of going on holiday (33%) or establishing an emergency fund (31%) than for a deposit on a home (23%). The research, from buy-to-let lender Landbay, likely signals that renters see going on holiday as a more realistic goal than raising the money for a deposit. People typically […]
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Bridging lender Fiduciam has closed on a deal worth nearly £1m on two South West London properties. The loan was a 65% LTV first charge to fund the purchase and refurbishment of a Battersea property worth £1.3m. Johan Groothaert, chief executive of Fiduciam, said: “The London property market has gone through a major correction, and […]
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One notable headline this week suggested that landlords regret investing in buy-to-let due to the increased regulations they face. Any landlords following the story on social media would need to be thick skinned. The Twitter response included ‘can’t say I’m crying for them’ and ‘Good, greedy devils’, while another user argued that regulations… This article […]
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FBM Architects have secured planning consent for 30 homes across two sites within the Ashmole Estate in Lambeth, London, for housing association Metropolitan Thames Valley. At Ebbisham Drive, a former garage site will be transformed into a contemporary terrace of 15 homes, including townhouses and apartments. At Meadow Road there will be 15 shared ownership […]
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Homebuyers in Scotland can explore the neighbourhood around the upcoming NorthBridge development in Glasgow following investment from homebuilder Keepmoat Homes. The builder said the VR tour will allow viewers to walk down the cherry blossom-lined streets, discover the cycle paths, and explore the green open spaces months before moving into a home of their own. […]
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Martyn Bridges, director of technical communication and project management at Worcester Bosch, explains why choosing quality and reliability is more important than a cheaper price Winter is truly upon us, and boilers up and down the nation are being put to the test. It’s important to ensure that all your tenants will not face a […]
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London and Manchester have been named by landlords as the most attractive cities to invest in buy-to-let in 2020, figures released by insurance provider Simply Business have revealed. Some 36% of landlords either voted for London or Manchester as the top places to invest. This is somewhat surprising, seeing as London house prices fell by […]
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