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Buyer activity remains ‘pretty depressed’ as more people look to rent

By |2018-08-31T10:02:33+00:00August 31st, 2018|Property News|

There has been a further decline in the number of people looking to buy property, as reflected by the Bank of England’s latest money and credit report. The Bank of England figures reveal that there was a drop in the number of home loans approved for new property acquisitions in July,...

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Security advice for student landlords

By |2018-08-31T10:02:33+00:00August 31st, 2018|Property News|

As a new intake of students look forward to starting university, the Master Locksmiths Association (MLA) has issued new advice to landlords of student property. With recent research by Direct Line revealing that around a quarter of students are burgled whilst at university, with in the region of £25m lost to...

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Selective licensing being considered in Stoke-on-Trent

By |2018-08-31T10:02:36+00:00August 31st, 2018|Property News|

People in Stoke-on-Trent are being invited to have their say on city council plans to designate 14 areas under ‘selective licensing laws’ for private landlords, as part of its plans to tackle poor property conditions and management practices in areas with high levels of private rented accommodation. Following a recent consultation...

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Tax changes are making London rents less affordable, says top agent

By |2018-08-31T10:02:29+00:00August 31st, 2018|Property News|

A top London letting agent working for Knight Frank has commented on the 'irony' that the government's series of tax changes aimed at the buy-to-let sector have made rents - particularly in Prime Central London - less affordable. David Mumby, a London regional lettings head for the global firm, says that...

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Spike in number of people using equity release to buy new property

By |2018-08-31T10:02:37+00:00August 31st, 2018|Property News|

There has been a striking rise in the number of people using equity release to buy a new property, according to new figures from Retirement Advantage. The retirement income and equity release specialists said the findings demonstrate a growing willingness among over-55s to use property wealth in a diverse range of...

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Barclays cuts buy-to-let rates

By |2018-08-31T10:02:35+00:00August 31st, 2018|Property News|

Barclays has reduced its buy-to-let rates, with two-year fixed rate deals now starting from 1.5% up to 60% loan-to-value (LTV). There is also a 75% LTV two-year deal available at 1.79%, which like the 60% LTV deal comes with a £1,950 arrangement fee. Buy-to-let investors looking for a longer term deal will...

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Acquisition allows agency to stay independent ahead of fees ban

By |2018-08-31T10:02:30+00:00August 31st, 2018|Property News|

An agency claims that the acquisition of a competitor’s lettings department has allowed it to save two companies, avoid cutbacks and stay independent ahead of the fees ban. Foxes Sales & Lettings, located in Bournemouth, has completed a takeover of Hearnes Lettings following a 'soft acquisition'. The takeover means the agency has doubled...

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Number of people swapping London for northern cities triples since 2010

By |2018-08-31T10:02:38+00:00August 31st, 2018|Property News|

Homeowners in the UK are selling up and relocating north in record numbers, according to new research from Hamptons. The estate agent found that the proportion of those leaving the capital for cities such as Manchester and Birmingham has tripled since 2010. In 2008, one in 17 people moving out of London...

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Expat mortgage market set to remain strong even with no-deal Brexit

By |2018-08-31T10:02:39+00:00August 31st, 2018|Property News|

Despite the increasing threat of a ‘no-deal’ Brexit, lenders have insisted they will continue to support both nationals and British expats living in the EU who want to purchase a property in the UK. The reassuring words come after a warning that 1.8 million British expats living in the EU could...

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Dudley BS increases maximum loan amount on expat products

By |2018-08-31T10:02:34+00:00August 31st, 2018|Property News|

Dudley Building Society has increased maximum expat loan-to-values to 70% on its buy-to-let product with a rate of 3.99%. Early repayment charges can be waivered during the three year period if the customer returns to the UK and wants to transfer to a retention product with the society. Sam Ward, head of...

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