The government’s stamp duty holiday is only having a modest impact in Wales, according to Principality Building Society’s chief risk officer Mike Jones. In Wales, the Land Transaction Tax (LTT) concession introduced in July moved the threshold from £180,000 up to a new level of £250,000 until 31 March 2021, worth a maximum of £2,450 […]
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We recently interviewed Mark Shepherd, Course Director for the University of Manchester’s MSc Real Estate, to get his views on education, the pandemic and the future of real estate. Here is what he had to say: Mark, can you please provide a little information about your own background and how you came to be Course […]
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Just Mortgages, part of the Openwork network, is to launch a wealth division in January called Just Wealth. Mortgages will invest in the futures of the mortgage brokers, by providing the training necessary for them to become wealth advisers. It is looking for 15 potential wealth advisers to join before January. Each adviser will be […]
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A land deal has been agreed which will pave the way for the construction of new homes in the village of Stilton in Cambridgeshire. The site, which is located east of North Street and already has outline planning permission for 90 new homes, has been acquired by Bellway Eastern Counties. The housebuilder plans to build […]
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London firm Urbanist Architecture has seen a 65% increase in enquiries for homes in the countryside since Q4 2019, research from architecture and planning firm Urbanist Architecture has found. With the UK population confined to their homes for the majority of 2020, lockdown has caused an increasing number of city dwellers to rethink their current […]
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There were 1,464 repossessions in the North West in the past 12 months, the most of any region, research from home buying platform Yes Homebuyers has found. The North East (1,044) and Yorkshire and the Humber (1,029) also rank high with over 1,000 properties being repossessed in the last year. In contrast, just 162 homes […]
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Burnley has seen more homes flipped in 2020 than in any other local authority in England and Wales, Hamptons International Research has revealed. In the Lancashire town 8.2% of all homes sold during 2020 so far had been bought within the preceding 12 months (i.e. flipped). It is the sixth year in a row that […]
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I was concerned to read that furloughed workers are increasingly struggling to get a mortgage. While taking on a new commitment like a mortgage does seem a bit reckless on furlough, you have to sympathise with existing mortgage holders unable to remortgage, who could be forced to remain with their existing lenders through no fault […]
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Kent Reliance for Intermediaries has expanded its HMO/MUFB proposition to consider properties up to 10 bedrooms/units. Rates are available from 3.75%, with LTVs up to 75% LTV to £3m on 1-6 bedrooms/units and up to 70% LTV to £1.5m on 7-10 bedroom/units. Kent Reliance is part of OneSavings Bank. Dawn Mirfin, group underwriting director at […]
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New build to rent brand Kooky has purchased 69 units in Mill Hill and Whetstone, investing over £33m in the London Borough of Barnet. Delivered by national housebuilder, Taylor Wimpey, Kooky has acquired 30 units within Millbrook Park, in the wider redevelopment of the former Army Barracks in Mill Hill, and a block of 39 […]
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