Jake Carter

housing market

New homes sold as leasehold drops 9.1%: ONS

In England and Wales, the number of new homes sold as leasehold fell from 13.3 per cent in 2017, to 4.2 per cent in 2018, according to the Office for National Statistics. In 2018, 3,242 new homes and 41,686 existing homes were sold as leasehold in England and Wales. The North West of England recorded […]

Houses, house, property, monopoly

Platform cuts rates by up to 0.15%

Platform, the intermediary lender of the Co-operative bank, has announced a series of rate cuts. The reductions include the 60 per cent LTV two-year fix cut from 1.64 per cent to 1.59 per cent, and the 75 per cent LTV five-year fix from 2.09 per cent to 1.99 per cent. Both products are within the […]

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SimplyBiz Mortgages add Saffron to panel

SimplyBiz Mortgages has announced it has added Saffron Building Society to its lender panel. As part of the announcement, SimplyBiz Mortgages members will now have access to Saffron’s product range, including RIOs, residential and buy-to-let mortgages. The addition is with immediate effect, according to the firm. SimplyBiz Mortgages chief executive Martin Reynolds says: “We are […]

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Over half of future FTBs already have dependents: HSBC

More than half of individuals looking to purchase their first property already have a family to support, according to a survey conducted by HSBC. HSBC’s annual ‘beyond the bricks’ survey outlines the challenges first-time buyers face and anticipate, says the firm. Data in the survey reveals that since January 2018, the average mortgage term for […]

Houses, house, property, monopoly

Make energy efficiency improvement costs tax deductible, says RLA

The residential landlords association has criticised a raising of the minimum energy efficiency standards maximum contribution as proposed by the business, energy and industrial strategy select committee. Currently, landlords with properties in the lowest energy efficiency bands F and G are expected to contribute up to £3,500 towards improving matters to an E rating or […]

buy-to-let

Average yields reach new highs: Kent Reliance

The average yield on a residential property has reached 4.5 per cent, a two-year high, and the average yield in London is at 4.1 per cent, a four-year high, according to Kent Reliance. Across the UK the average rental price per calendar month is £896, having risen 1.3 per cent annually. However, the private rented […]

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Northern Ireland outpaces Yorkshire for top FTB destination

For the first time this year, Northern Ireland has overtaken Yorkshire as the destination of choice for first-time buyers, according to e.surv. In June the number of mortgage approvals rose, with 65,823 residential mortgages approved, seasonally adjusted, a rise of 0.6 per cent on May. However, this figure remained flat on a yearly basis. Looking […]