PropTech chief warns that stamp duty holiday may have hurt renters
The chief finance officer of a PropTech company says the effects of the stamp duty holiday on house prices must not consign people into thinking they face a lifetime of renting. Various indices put the average house price rise in the past year at between 7.0 and 11.0 per cent. In light of this, Chris […]
Bank of England reports record mortgage borrowing numbers
The Bank of England’s latest money and credit report also shows that approvals for house purchases fell to 81,300 in June, however, some way off the 86,900 seen in May. This is the lowest number of approvals for house purchases witnessed since July 2020, the BoE says, “but remains above pre-February 2020 levels.” “Evidence suggests […]
Why it pays for landlords to have a property manager
Around 2.66 million landlords were operational in Great Britain in 2019, according to data estimations previously released by Hamptons International. Of those 2.66 million or so landlords, roughly 45% are believed to hold just one property in their portfolio, as discovered in the latest English Private Landlord Survey conducted by the Ministry of Housing, Communities […]
What Does the End of the Stamp Duty Holiday Mean for Property Investors and Landlords?
The stamp duty holiday ended on 30 July 2021. What does this mean for the UK property market? Click on this link to read the full article.
Government reveals where all the landlords live in the UK
HMRC has released data showing how many landlords live in each county, city, London borough and town within the UK. The figures also reveal that the total landlord population now exceeds 2.65 million people. Click on this link to read the full article.
Town with 57% second homes clamps down on future lettings
A town with one of the UK’s heaviest concentrations of holiday homes is clamping down on future purchases by outsiders who may wish to let the properties in future. South Hams council in south Devon has agreed to amend an existing neighbourhood plan to try to ensure all future new-builds – including replacement properties for […]
Young Buyers Turn To Government’s Mortgage Guarantee Scheme
With the Stamp Duty holiday winding up on 30 September, house prices at an all-time high and gazumping now a regular occurrence in hotspot areas, young prospective buyers are looking at ways to open the door to making home ownership a reality, including the government’s new mortgage guarantee scheme. Andrea Fawell, sales and marketing director […]
Small fall in UK house prices in July
UK house prices were down by 0.5% between June and July, taking the average property price to £244,229, said Nationwide. The building society added that annual property price inflation reduced slightly to 10.5%, from its 17-year high of 13.4% in June. Click this link to read the full article.
The latest guidance for property viewings and moving home
The Ministry of Housing, Communities & Local Government has issued new guidance to home movers and estate agents in England following the changes to restrictions on 19th July. While most legal restrictions on contact with others are no longer in place, the government has emphasised the ongoing “need for caution and restraint” amid step 4 […]
Rental market sees all time prospective tenant high
Despite Propertymark members reporting a decrease in rental stock, with London showing the lowest amount available, properties managed per letting agent branch also dropped to 184 from May’s 203, However, there are more tenants recorded than ever before, with the average number of new prospective tenants registered per branch recorded at 88. This is the […]