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More than half of lenders expect application programming interfaces (APIs) to provide the most transformative efficiency gains over the next three to five years, Iress research has revealed. While the short-term focus is on API development and connectivity, lenders believe AI and machine learning will become a greater priority in the medium to long term. […]
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InterBay Commercial has refinanced a 95 unit buy-to-let portfolio for two property developers, raising just over £23.7m. The properties were held by two UK limited companies, which in turn were owned by a UK family trust. Most of the properties were held for over 10 years. Adrian Moloney, sales director, OneSavings Bank, said: “This deal […]
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Four in five (80%) homebuyers would like the government to introduce laws preventing gazumping in England and Wales. A third (31%) have experienced the phenomenon in the past decade, research commissioned by Market Financial Solutions has revealed. Two in five (39%) had to pay fees to intermediaries despite not completing on a property purchase. Paresh […]
The post Homeowners call for the government to ban gazumping appeared first on PropertyWire.
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The Liberal Democrats pledged to up housebuilding, crack down on second homeowners and introduce mandatory landlord licencing in the party’s manifesto, ahead of the general election taking place on 12 December. Here are the key housing pledges: Build 300,000 homes per year by 2024 through direct spending, including 100,000 social homes. The housebuilding pledge has unsurprisingly […]
The post Lib Dems make housing pledges ahead of the general election appeared first on PropertyWire.
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Three former directors from commercial real estate consultancy Lambert Smith Hampton (LSH) have launched a retail and leisure property consultancy in Manchester. Richard Lyons, Tim Letts and Jonathan Thompson (Left to right) opened the doors to new agency Lyons Thompson Letts Property Consultants this week, having taken space at Worklife in central Manchester. Formerly of […]
The post Trio of ex-Lambert Smith Hampton directors launch retail and leisure consultancy appeared first on PropertyWire.
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Regular property visits can help to protect letting agents and their landlords from the growing risk of subletting scams, inventory services provider No Letting Go has warned. No Letting Go said there has been a rise in the number of subletting scams in recent months, particularly when it comes to fraudsters using short-term lets platforms […]
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A campaign to raise public awareness of new safety regulations affecting all homes has been launched by SELECT, Scotland’s trade body for the electrical industry. Under the new laws, every residence throughout the country must have an interlinked warning system for smoke, fire and carbon monoxide detection by 1 February 2021. To help comply with […]
The post SELECT raises the alarm on fire and smoke detector regulations appeared first on PropertyWire.
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Ideal Flatmate, the algorithm-based flatshare matchmaker, has closed on a £1.1m funding round – bringing up its total to more than £2m. The platform takes inspiration from dating websites by prioritising how well matched prospective flat-sharers are in terms of personality, rather than just focusing on location and budget. Tom Gatzen said, co-founder of Ideal […]
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Remortgage activity was strong in September – with volumes outstripping last year, UK Finance data shows. There were 17,740 remortgages with additional borrowing, an increase of 5.9% on September 2019. Meanwhile there were 19,140 remortgages with no additional borrowing, 8% more than the same month last year. Nick Chadbourne, chief executive of conveyancing solutions provider […]
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Build to Rent firm Wise Living has appointed Mark Gratton as development and land manager. In his new role Gratton will work with regional and national developers looking to expand into the private rental sector. He said: “The role is a great fit for me and a very exciting move. The team’s aspiration to revolutionise […]
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