News

TMA Club to focus on equity release and technology

2019-04-24T23:02:23+00:00 April 24th, 2019|News|

TMA Club will focus on the later life lending market and technology this year by adding providers to its panel. This month the club added OneFamily to its equity release panel, and Rob McCoy (pictured), senior product and business manager, said TMA will launch a technology platform later in the year to support its directly [...]

UK rental market more profitable than 159 world nations

2019-04-23T23:01:01+00:00 April 23rd, 2019|News|

The national rental market is more profitable than 159 countries, combined lettings inventory and property compliance specialists, VeriSmart has found. VeriSmart looked at the average annual rent paid across both the private and social rental sectors in the UK, before multiplying these figures by the total number of rental households in each sector to ascertain [...]

Desktop valuation drama 

2019-04-22T23:01:18+00:00 April 22nd, 2019|News|

Lenders shouldn’t rely on quick desktop valuations when the property needs to be seen and given a physical valuation, an independent financial adviser has argued. Nick Polzone, director at IPS Financial Solutions, said that automated valuation models (AVMs) are also more accurate than these so-called ‘desktop valuations’. He cited a case where office blocks were [...]

The RLA launches repossessions survey for landlords

2019-04-18T13:00:27+00:00 April 18th, 2019|News|

The Residential Landlords Association (RLA) has launched a survey to represent landlords’ views on repossessions to help represent them when consulting with the government on Section 21 repossessions. The RLA is arguing to the government that landlords need to be confident they can swiftly and easily repossess a property for legitimate reasons such as wanting [...]

More buyers respond to listings on weekday evenings

2019-04-17T23:01:46+00:00 April 17th, 2019|News|

A house sale listing will receive the highest proportion of online leads direct from Zoopla’s portal on weekday evenings, with most leads being delivered from 8pm to 9pm. For sales listings Wednesday is when most interested buyers are viewing homes and sending leads to estate agents, with the hour of 9pm being most popular. Friday [...]

Welsh house price growth falls to 0.4%

2019-04-15T23:01:52+00:00 April 15th, 2019|News|

Annual house price growth in Wales has fallen to just 0.4%, the lowest rate since August 2013. The typical price in Wales is now £185,018. Tom Denman, chief financial officer at Principality Building Society, said: “As anticipated, we have seen a quarterly decline in house prices which is connected to the ongoing economic uncertainty caused [...]

More London-based landlords buying outside the capital

2019-04-14T23:01:24+00:00 April 14th, 2019|News|

Nearly three in five (59%) London-based landlords purchased their buy-to-let property outside the capital during the last 12 months, Hamptons International Monthly Lettings Index has found. Historically, London landlords bought their investment properties near where they lived. In 2010 just one in four (25%) London-based landlords purchased their buy-to-let outside the capital, with 75% investing [...]

UK Finance: Refinance boom to end in 2020

2019-04-12T12:30:01+00:00 April 12th, 2019|News|

The rate of remortgages and product transfers are likely to slow come 2020, Richard Rowntree, chair of the mortgage product and service board at UK Finance has warned. However this year the trade body expects both remortgage and product transfers to be as strong as last year. Rowntree (pictured), who is also managing director of [...]

Brexit vote has affected house prices in Remain areas more than Leave

2019-04-11T23:01:49+00:00 April 11th, 2019|News|

The political uncertainty caused by Brexit has affected Remain constituencies more than Leave – though house prices have continued to rise in both areas. Research by for sale by owner platform, OkayLah, found that since June 2016 prices have risen by 11.6% in Leave areas and 10.7% in Remain constituencies. Paul Telford, chief executive of [...]