Rural and costal areas the most in-demand UK locations for renters
Christchurch, Poole, and Clacton-On-Sea are all attractive areas for tenants.
Mortgages & Finance
Demand for pet friendly homes more than doubles during pandemic
Tenants are increasingly demanding pet friendly properties after pet ownership rose during the pandemic, as people looked for companions during successive lockdowns. Rightmove research…
NRLA: Government should focus on enforcing existing rogue landlord legislation
The NRLA implied that there’s no point in putting in new measures to curb rogue landlords without proper enforcement.
Property sales slump after stamp duty holiday deadline
Some 61.5% fewer homes changed hands in July, at 82,100 compared to 213,120 the month before.
Fewer over-55s want to downsize after covid
A higher proportion of over-55s have decided to stay put in the wake of the pandemic.
Scotland to introduce rent controls
The pair have pledged to “implement an effective national system of rent controls, enhance tenants’ rights and deliver 110,000 affordable homes by 2032”.
Covid deaths push inheritance tax receipts to record levels
HMRC said it’s to early to say whether the higher death rate and higher tax take are linked, but given that the last peak in inheritance tax was in October, six months after the first wave, Hargreaves Lansdown said there’s likely to be a link.
The Finance Planning Group partners with equity loan provider
The company lends potential homeowners with a 5% deposit up to £150,000, or 25% of the property value.
Mortgage roundup: Barclays unveils 10-year fix, Landbay and Accord cut rates
Long-term fixes are suitable for landlords that want certainty about the cost of payments in the years ahead, regardless of whether the Bank of England base rate rises.
SoMo launches large loan bridging product
The product starts at 0.49% per month for loans between £300,000 and £3m with an arrangement fee of between 1.75% to 2%.
