How to Choose a Family Law Attorney

There are many reasons to call an attorney. Adoptions, divorces and domestic violence are just some of the areas of family law that will require the help of a professional to ensure the process goes smoothly. But how does one make the decision about which attorney to call? Choosing a family law attorney is too important to simply pick the first name that comes up in a Google search. This professional will make all the difference in how smoothly the legal process flows and how fair the final judgment is.…

Mortgage approvals continue to rise

The latest data from e.surv has revealed that first-time-buyers are continuing to come out in force as the housing market sees another monthly increase in mortgage approvals. e.surv found that overall, there were 66,435 mortgages approved during June, 3% higher than in the previous month, with 23.4% of the total UK mortgage market going to small deposit borrowers. According to the report, this is higher than the 22.4% recorded in May and continues a recent trajectory which has seen small deposit borrowers increase their…

Barclays announce cuts to remortgage rates

Barclays has announced that it has cut rates across a number of residential purchase and remortgage products, including its Green Home and Reward ranges. From today, ‘Great Escape’ remortgage products will be reduced by up to 7bps with highlights including a 1.90% two-year fixed rate and a 2.15% five-year fix, both available at 60% LTV with no product fee. 75% products will start at 1.94% fixed for two years and 2.24% fixed for five years. Green Home mortgages, which provide lower interest rates…

Proportion of rental homes let by company landlords up 4% to reach new high

New figures released by Hamptons have revealed that there has been an increase in the proportion of homes let by a company landlord rather than an individual. According to the report, the figure has risen to almost a fifth (18%) during H1 2018 and is the highest proportion since Hamptons records began in 2010. This is up 4% on H1 2017 and up 8% since H1 2016 when just one in ten homes were let by a company landlord. The numbers have been…

Stolen tenant deposits edging closer to £1m mark

Renting reform campaigner Ajay Jagota of zero deposit firm Dlighted keeps a stolen deposit totaliser, highlighting how much money is stolen from renters every year. And, according to his figures, landlords and letting agents have already been convicted of illegally pocketing over £900,000 of tenant’s cash in 2018 – with half the year still to come. Recent convictions took the running total of stolen deposits to £911,391 by the end of the second quarter of 2018 – close to the £1,162,037 recorded over…

FTBs today more likely to stay put

A new survey by self-storage company, Space Station, has found that millennials are 1.5 times more likely to make their first home their forever home, compared to their parents’ generation. According to the analysis of 1,000 Brits who are currently preparing to buy a house and 1,000 Brits who bought their home from 1988-98, who reflected on their experiences, 39% of millennials said that they plan on staying put, compared to only 26% of those who bought their house 20-30 years ago. House…

Landlords warned over rising tenant arrears

Challenging conditions for landlords and letting agents could cause rent arrears to rise and this scenario is something landlords should be wary of, according to RentalStep. The PropTech startup says that if rents continue to rise and wage growth remains stagnant, some tenants may find it more difficult to meet their monthly payments which could cause long-term problems for landlords. According to data from Your Move, the number of tenants in arrears increased for four consecutive months between January and April. The agency…

UK HPI: Average house price growth at lowest levels since 2013

The latest data from the government’s official house price index for May has revealed that average house prices in the UK increased by 3.0% in the year to May 2018 (down from 3.5% in April 2018). According to the report, this is its lowest annual rate since August 2013 when it was also 3.0%. The annual growth rate has slowed since mid-2016 and has remained under 5%, with the exception of October 2017, throughout 2017 and into 2018. This drop in UK house…

Summer market at virtual standstill as potential sellers opt for sun umbrellas over for sale signs

The latest data from Rightmove has shown that the usual summer slowdown of the UK housing market is in full swing. According to the figures, new seller asking prices are at a “virtual standstill”, falling by just 0.1% this month as the number of properties coming to market jumps up by 8.6% compared to same month last year, but buyer numbers remain flat. The increased competition has seen more sellers searching for a buyer and buyers having more property choice. For those…

Principality announce cuts to BTL products

Principality Building Society has announced that it has cut rates across its five-year fixed rate residential and buy-to-let products. According to the lender, the residential product at 90% LTV has been reduced by 0.03% to 2.57% and its buy-to-let mortgage product at 75% LTV has been cut by 0.10% to 2.75%. Both products come with a free standard valuation, free legals for remortgages and have no product or commitment fees. Ross Williams, Principality’s mortgage product manager, said: “We recognise that five-year fixed…