Brokers are looking ahead to next year with optimism, after what’s been a challenging 2020, research from Masthaven Bank found. The survey of 265 intermediaries found that almost three quarters (71%) are confident about the market in 2021. Meanwhile 87% are optimistic about their own company’s prospects next year. Nearly two-thirds (63%) expect to see […]
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A third (31%) of potential buyers are ‘very likely’ pull out of moving if they miss out on the stamp duty holiday. What’s more, a further 43% of potential buyers said they would likely do the same, research from The Guild of Property Professionals found. The slow and cumbersome nature of the homemoving process this […]
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Buy-to-let landlords who have admitted to evading tax on their rental income underpaid an average of £4,480 in tax last year, up 72% from an average of £2,610 underpaid the year before. UHY Hacker Young, the national accountancy group, said it’s likely that landlords who have evaded larger amounts of tax are now beginning to […]
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Hope Capital has partnered with Dynamo for Intermediaries to offer bridging lending to those who go to the broker. Since joining the panel in November, Hope Capital and Dynamo have worked closely together to strike their first deal – a residential property based in London. Hope Capital currently offers bridging loans up to 75% LTV. […]
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Bradford is the cheapest city for solo buyers, where average one bed properties can be purchased for just £67,370 on average. In Bradford paying the mortgage and living expenses account for 43.8% of earnings. This is based on estimated monthly mortgage payments of £272, a cost of living of £597 per month, with average monthly […]
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Nick Edwards is chief operating officer at Audley 2020 has been a tumultuous year with the coronavirus pandemic leaving its mark across the globe economically, politically and socially. The UK residential property market, like most sectors, experienced a knee-jerk reaction in March, contracting at the start of the first lockdown. But figures from Nationwide last […]
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Birmingham has 11,000 vacant dwellings, making it the worst area for properties left empty in England, research from lettings and estate agent Benham and Reeves has found. Other areas with lots of vacant properties are Liverpool (10,700), Leeds (9,900), County Durham (9,450), and Bradford (8,750). Marc von Grundherr, director of Benham and Reeves, said: “Given […]
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Allowing pets should be a natural part of providing a home for somebody, said property firm Apropos by DJ Alexander. The firm responsed to a Private Member’s Bill in parliament by Romford MP, Andrew Rosindell, calling for tenants to be allowed to have pets and to restrict the right of landlords or their agents to […]
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The government doesn’t plan to extend the stamp duty holiday, which is due to expire at the end of March. A petition was launched, which gained 22,156 signatures at the time of writing, asking for a stamp duty holiday extension for an additional six months. In response, the government said: “The SDLT holiday was designed […]
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The inability of landlords to get their rents paid by businesses who have traded successfully in 2020 will have a long-term impact on investment in commercial property, said tax and advisory firm, Blick Rothenberg. Heather Powell, a partner at the firm said: “The Secretary of State’s third extension of the rent moratorium to March 31st […]
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