Annual rental growth in London reached 2.8% in Q4 2019, the highest growth rate for three years, Zoopla’s Rental Market report shows. In York, Bristol and Nottingham the average cost of renting has increased by more than 5%, more than double the UK average of 2.6%. Aberdeen, Middlesbrough and Coventry were the only three cities […]
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Landlords are looking to buy Homes in Multiple Occupation (HMO) more than any other property type over the next 12 months, research from Paragon has revealed. The company’s Q4 2019 PRS Trends report found that 31% plan to purchase HMOs, up from just 12% in Q3. HMOs typically offer a higher yield – 6.5% compared […]
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Over half (53%) of landlords would not have purchased their properties in the first place had they known how regulated the Private Rented Sector would become, research from property development firm Accumulate Capital has found. Over a third (37%) of property investors plan to sell at least one of their properties this year. Of this […]
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A quarter (27%) of landlords have warned that they may not be a landlord by 2021, with some feeling under pressure. A study from Just Landlords found that almost a third (31%) of landlords say they have more worries than they did 12 months ago, with 28% claiming that owning a rental property is “very […]
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There’s been a boom in phone enquiries to estate and letting agents following the December general election, according to live chat provider Moneypenny. There was a 22% increase in calls asking for property valuations, a 30% increase in calls to arrange viewings and a 9% increase in calls to make offers on properties in the […]
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Octane Capital has lowered the rates on larger loans by up to 2% per annum. This applies to its larger bridging, developer exit and refurbishment loans. Mark Posniak, managing director of Octane Capital, said: “Like other lenders, we regularly review the macro-economic outlook and felt especially compelled to do so in the New Year following […]
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December residential property transactions have increased by 11.2% year-on-year on a non-seasonally adjusted basis, HMRC figures show. Once the figures are seasonally adjusted residential property transactions are 6.8% higher year-on-year, as well as 6.2% higher than November 2019. Adrian Moloney, sales director of OneSavings Bank, said: “It may be too early to call but I feel […]
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Some 70% of property investors support the Conservatives’ proposal to introduce a stamp duty surcharge for non-UK buyers, research from FJP Investment has found. The Tories have proposed introducing a 3% stamp duty surcharge for foreign buyers. The majority (68%) also back the move to give residents more say in the style of new-builds in their […]
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Dave Bexon, previously group sales and marketing director at Redrow, has joined PropTech start-up, Yourkeys. He is tasked with expanding its customer base with housebuilders and estate agents nationwide. Yourkeys is a transactional platform for housebuilders and estate agents that reduces the time to exchange contracts by automating the upfront data required to process property […]
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Damian Thompson has been appointed as Aldermore’s group managing director of retail finance. He will take over from the departing Sue Hayes, subject to regulatory approval. Phillip Monks, chief executive of Aldermore, said: “His appointment shows, once again, the depth of talent within Aldermore to be able to promote from within our business. “Damian has […]
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