Search Acumen has introduced artificial intelligence (AI) tools to speed up the legal due diligence involved in UK property transactions. The tools are used to progress transactions of property portfolios by interrogating and cleansing address data submitted by legal firms. The address cleansing tool reduces administrative time spent error-checking and correcting property addresses and creates […]
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Currently 70% of cities offer property sellers a good chance of completing their sale before the stamp duty deadline, research from PropCast shows. Those in London are unlikely to beat the deadline, unless it gets changed. Meanwhile people are unlikely to beat the deadline in Canterbury, Chichester, Durham, Lancaster, Lincoln, Newcastle, Oxford, Peterborough, Preston, Salford, […]
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London Central Portfolio (LCP) is experiencing an influx of international buyers, willing to blind purchase properties in prime London. The investment firm reported that 22% of acquisitions were bought sight unseen by overseas investors. Andrew Weir, chief executive of LCP, said “LCP is a respected and trusted set of eyes and ears on the ground […]
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Digital mortgage platform Koodoo has selected challenger credit reference agency Credit Kudos as Open Banking provider. Credit Kudos’ analysis and insights, based on real-time bank transaction data, will provide lenders with an up-to-date picture of a borrower’s financial health, helping lenders reduce application times whilst offering a better customer experience. The use of Open Banking […]
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London rents continued to slide on the eve of the second lockdown, as they fell by -2.6% between October and September and -3.7% annually. The typical rent in the capital is now £1,603, down from £1,665 last year. The research, from the HomeLet Rental Index, shows that when you take London out of the equation […]
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Specialist lender Together has committed to continue lending during the second lockdown. The lender will continue lending across its commercial and personal finance divisions to customers in mainland UK. Pete Ball, personal finance CEO, said: “We are committed to making our customers’ ambitions a reality by continuing to provide a normal service throughout the second […]
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Landbay has launched two 5-year fixed rate buy-to-let products at 3.55% to 75% LTV. One product has a maximum loan size of £525,000 on properties up to £700,000, while the other has a maximum loan size of £1m. Paul Brett, managing director of intermediaries at Landbay, said: “It is a testament to Landbay’s confidence in […]
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The government has made an 11th hour extension to mortgage payment holidays – which were due to finish at the end of October. Borrowers that haven’t taken a mortgage holiday will still be able to do so, with payments being paused for six months. Those who already have a holiday can extend it until it […]
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Half (47%) of people who haven’t yet retired and experienced lockdown loneliness are now reconsidering their later life plans, research from Audley Villages has found. A quarter (26%) of people who have experienced loneliness and have not retired plan to stay busy with activities and social groups when they get older, 17% want to ensure […]
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Communications provider Moneypenny has partnered with lead management software Area to provide inbound and outbound lead follow-up for property agents across the UK. This addition means inbound leads will be responded to immediately, including those from Rightmove, Zoopla and On The Market. Joanne Tattum (pictured), channel manager at Moneypenny, said: “The launch of our outbound […]
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