Month: February 2020

House price growth reached its highest level for 18 months at 2.3 per cent for the year to February, the latest index from Nationwide Building Society shows. Average UK house prices also climbed by 0.3 per cent month on month to reach £216, 092. Nationwide chief economist Robert Gardner says: “While overall economic growth ground to a halt in the final three months of 2019, labour market conditions remained buoyant and borrowing costs low. “The decisive election outcome may have …

House price growth strongest for 18 months: Nationwide Read More »

This subject has been bubbling away for a while. The competition watchdog has found “troubling” evidence of potential mis-selling and unfair contract terms in the leasehold sector. It is concerned that owners of leasehold properties have been treated unfairly and buyers have been misled by developers. The Competition and Markets Authority says it is planning to launch enforcement action against developers. Its key areas of concern include escalating ground rent clauses which in some cases see charges double every 10 …

CMA to take action over leasehold mis-selling Read More »

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Rental demand reached a record high of 88 prospective tenants per branch in January, but the number of properties sank to the lowest level for seven months, according to Arla Propertymark. The lettings agent body reports that demand from prospective tenants rose by 57 per cent from December when there was an average of 56 tenants per branch. Year on year demand from tenants was 21 per cent higher, as in January 2019 there were an average of 73 registered …

“Tenant demand at record high as property supply falls”, Arla Propertymark Read More »

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Mortgage rates are at all-time lows. Great news for “Buy to Let” as well as homebuyer borrowers. A review of your mortgage could be good news for you too. Call Regents Court Financial, today for an Independent and Free Mortgage Review. You could save LOADS.

Mortgage Advice Bureau has opened a learning and development centre nearby to its head office in Derby to help train new advisers. The MAB academy has so far seen over 300 students complete their training to become fully qualified mortgage and protection advisers.. In 2019, it won the Princess Royal Training Award, under which Princess Anne selects UK employers that have made an impact through their skills development work. The new MAB learning and development centre has space for 20 …

Mortgage Advisory Board opens new Learning Centre Read More »

By Jake Carter 3rd February 2020 11:11 am Landlords spend £3.61bn on local economies across the UK, according to Aldermore Bank. Data collected by the bank found that the average landlord spent £1,443 on local tradesmen in the last 12 months. It also shows that 81 per cent of landlords used local tradespeople to maintain their rental properties, and 90 per cent of landlords said they intend to continue using or increase the amount they use local services in 2020. …

Landlords spend £3.61bn on Local Economies Read More »

The number of home owners requesting an instant online valuation of their property through estate agency websites more than doubled from 37,400 in December to 83,158 in January. The figures come from requests submitted through ValPal, a network of 800 agents with 4,000 offices. The 122 per cent surge in valuation enquiries has been attributed to the impact of the General Election result bringing certainty over Brexit, on top of the usual seasonal uplift in activity that tends to occur …

Valuation requests surge 122% Read More »

Kent Reliance for Intermediaries is pleased to announce the launch of two limited edition buy to let products. Five-year fixed rates have been reduced by 0.25% for loans up to 75% LTV above £750k. They are available on both standard and specialist cases. • 3.54% – five-year fixed buy to let, £750k to £3m, 75% LTV Please note the new products will be available for a limited time only. Also, here are some of the other ways the current products …

News just in for BTL Read More »