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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. […]
The post Government should explore Airbnb regulation appeared first on PropertyWire.
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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. […]
The post Government should explore Airbnb regulation appeared first on PropertyWire.
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Southampton homebuyers can visit Inland Homes’ Chapel Riverside and Meridian Waterside developments on Valentine’s weekend. Guests will be given the opportunity to view the apartments under construction at both Chapel Riverside and Meridian Waterside. After making an appointment visitors will be provided with safety wear on arrival. They will be shown round apartments with the developments’ […]
The post Southampton developments to open for the public appeared first on PropertyWire.
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Legal & General has purchased “North Tower” in Deansgate Square, Manchester, on behalf of its two funds, UK Property Fund and Managed Fund. North Tower provides 276 luxury apartments of one-, two- and three-bedrooms, across 37 storeys. Residents have access to a two-storey gym, 20m swimming pool, sauna, steam room, fitness studios and an indoor […]
The post Legal & General acquires Manchester Build to Rent tower appeared first on PropertyWire.
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Some 10% of landlords are considering switching to short-term lets, ARLA Propertymark’s Impact of Short-Term Lets report has found. Should that many landlords depart from long-term letting there would be 50,000 fewer properties for long-term tenants – which could push the cost of renting up. David Cox, chief executive of ARLA Propertymark, said: “The growth […]
The post Concerns raised as 10% of landlords consider adopting Airbnb model appeared first on PropertyWire.
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Those living in Sunderland can save for a house deposit in just six years and eight months, faster than any other major UK city. Bradford and Hull are other cities where you can save for a deposit in a relatively short space of time, research from finder comparison site finder.com revealed. Predictably London is at […]
The post People in Sunderland face shortest wait to buy appeared first on PropertyWire.
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Lender Atelier Capital Partners come to market with short-term lending and development finance products. The company was co-founded by Keith Aldridge and Chris Gardner, who were formerly directors of specialist finance group Amicus Property Partners, which halted lending in December 2018 and fell into administration in January 2019. Atelier is offering a range of short-term […]
The post Atelier Capital Partners launches from former Amicus duo appeared first on PropertyWire.
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Around £1.2bn worth of deposits are not protected in tenancy deposit schemes, analysis from Hamilton Fraser’s deposit replacement provider Ome has found. The Center for Economics and Business Research (CEBR) estimates that 14.5% of all deposits held are not protected by landlords or agents, while around 1.1 million tenancy deposits are unprotected. Landlords who fail […]
The post £1.2bn not protected by tenancy deposit schemes appeared first on PropertyWire.
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Financial firms appear pleased that the Bank of England opted to leave interest rates unchanged at 0.75%. Yesterday the Monetary Policy Committee voted 7-2 to keep rates on hold, which has been taken as an endorsement of the state of the economy. Giles Coghlan, chief currency analyst at HYCM, said: “In many ways, the decision […]
The post Businesses buoyed by base rate decision appeared first on PropertyWire.
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Mortgage brokers expect an uptick in buy-to-let mortgage business over the next 12 months, Paragon’s FACT research has revealed. In the final quarter of 2019 one in four (24.5%) buy-to-let mortgages were written for landlords looking to extend their portfolios, the highest level since Q1 2017. Richard Rowntree, Paragon managing director of mortgages, said: “Buy-to-let […]
The post Mortgage brokers predict growth in buy-to-let business appeared first on PropertyWire.
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