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Buy-to-let mortgage costs are rising

By |2018-03-01T00:07:33+00:00February 28th, 2018|Property News|

The cost of taking out a buy-to-let mortgage has started to rise, following the Bank of England’s decision to increase the base rates at the tail end of last year. Several lenders have increased the cost of their buy-to-let products in recent weeks. The cost of a two-year buy-to-let tracker with a 60% and 70% [...]

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Landlords to be given greater flexibility in new gas safety rules

By |2018-03-01T00:07:35+00:00February 28th, 2018|Property News|

Failure to comply with gas and other safety standards in rented properties are likely to be less tolerated by the regulator once landlords are given more flexibility and freedoms in ensuring routine gas safety checks are carried out on time. On 6 April 2018, new regulations will be introduced that amend the gas safety regulations that [...]

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Letting agent launches loyalty programme for landlords

By |2018-02-28T12:05:53+00:00February 28th, 2018|Property News|

Loyalty programmes are popping up in every corner of the retail space, and that is because businesses understand the importance of retaining existing customers and increasing customer loyalty. But there is not usually any extra benefit to using a letting agency, other than utilising the services they provide. But HM Lettings, part of The Nottingham [...]

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New EPC rating retriever for landlords launched by Mortgages for Business

By |2018-02-28T12:05:55+00:00February 28th, 2018|Property News|

A new tool that enables landlords to get an instant EPC rating on their rental properties has been launched by Mortgages for Business. The new tool will provide landlords with a starting point for compliance in light of the fact that from 1st April 2018, residential landlords will not be able to grant a tenancy to [...]

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Agents being selected to take part in “most authoritative” rental survey

By |2018-02-28T12:05:45+00:00February 28th, 2018|Property News|

Some letting agencies and selected landlords are being asked to take part in a new survey investigating views and experiences in the private rental sector. The Ministry of Housing, Communities and Local Government has instructed survey organisation NatCen to select agents and landlords. Those chosen will have received an invitation from one of the three [...]

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New tool allows agents to check property EPCs ahead of MEES change

By |2018-02-28T12:05:47+00:00February 28th, 2018|Property News|

An ‘instant EPC ratings check’ has been created on the website of Mortgages for Business allowing agents to check the ratings of properties under their management. New regulations known as MEES - the Minimum Energy Efficiency Standards - mean that in just over four weeks, on April 1, residential landlords and agents acting on their [...]

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Agency rebrands to win back support from student tenants

By |2018-02-28T12:05:49+00:00February 28th, 2018|Property News|

Brighton’s largest lettings agency MTM Property has rebranded under the new name Coapt. The rebranding involved a year of workshops, client and tenant interviews and research according to the brand agency Pixeldot, which was instructed by the firm. Coapt says that while landlords were happy with their service, the tenants - primarily students - were [...]

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Buy to let mortgages more expensive – but there’s more choice, too

By |2018-02-28T12:05:50+00:00February 28th, 2018|Property News|

The cost of most mainstream buy to let mortgages is increasing according to online operator Mortgage Brain. The cost of a two year buy to let tracker with 60 per cent or 70 per cent loan to value ratios, for example, is now three per cent higher than in November.  With a current rate of [...]

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Large regional cities set for house price surge

By |2018-02-28T12:06:06+00:00February 28th, 2018|Property News|

Edinburgh, Birmingham and Manchester are among the top regional cities set for an increase in house prices over the next four years, according to Hometrack. Data from the latest Hometrack UK Cities House Price Index revealed that these cities are expected to close the ‘growth gap’ on London by 20% to 30%. In nominal terms, [...]

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Mallorca’s property market continues to thrive

By |2018-02-28T12:06:06+00:00February 28th, 2018|Property News|

Demand for residential property on Mallorca remains at a high level, according to luxury estate agent Engel & Völkers.The number of sales transactions overall on the market increased by approximately 20% in 2017, helped by interest in second homes remaining consistently strong and rising buyer confidence. “This positive development is boosting buyer confidence, as they [...]

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