Poor connectivity is ‘digital dealbreaker’ for commercial tenants

With access to quality digital infrastructure now so important to the UK’s commercial tenants, the sector is being urged to get ahead of industry trends and help build Gigabit Britain. According to recent data, four out of five IT decision makers wouldn’t even consider signing the dotted line on a new lease before checking out a premise’s connectivity. The study conducted by Censuswide, on behalf of UK full fibre infrastructure provider, CityFibre, revealed that six in 10 wouldn’t even view premises without checking…

You can no longer buy a property in London for less than £100k

The latest research from Housesimple has revealed that despite a highly publicised slump in London property prices over the past few months, £100k properties in the capital are now a thing of the past – in fact there are only four at around £125,000. According to the research, barring shared ownership and auction properties, houseboats and retirement homes, the cheapest property on the market today in the capital is a studio flat located in Hornchurch, which the estate agent is asking for offers over…

Tenant evictions due to selling cost landlords £500m

The latest data from buy-to-let marketplace, Vesta, has revealed that landlords are losing over £500 million as they are encouraged to sell properties tenant free. According to the figures, over half a billion of rental income is lost annually because private landlords are evicting good tenants mistakenly believing that they need to sell their properties tenant-free. The average landlord loses over 3 months’ rent as a result of evicting tenants to sell. Loss to a single private landlord – typically with just one…

Landbay announce new partnership with Sesame and PMS

Specialist buy-to-let mortgage lender, Landbay, has announced that it has forged a new partnership with the Sesame Network and PMS Mortgage Club. The new partnership aims to provide brokers and their landlords with access to its specialist lending products. Landbay joins the two panels to offer Sesame and PMS’ intermediaries products for portfolio landlords, HMOs, MUFBs, first time landlords, limited companies and new build properties. Sesame and PMS members will, in turn, be able to access Landbay’s online intermediary portal, which includes features…

House prices in London’s commuter belt set to bear the brunt of a no-deal Brexit

New data and analysis from property investment platform, British Pearl, has identified which areas of the country are likely to see the biggest fall in house prices in the event of no deal being reached on our departure from the EU. According to the findings, a highly polarised housing market means property prices across London’s commuter belt will be hardest hit with places like Stevenage, Watford and Hastings “feeling the full brunt of the no-deal sledgehammer”. The average detached house in Stevenage was…

New HTB range launches at NatWest

NatWest Intermediary Solutions has announced that from today a range of Help to Buy Shared Equity remortgage products will become available. The lender confirmed that customers with a Help to Buy Shared Equity mortgage with another lender will be able to remortgage to NatWest on a like for like basis, keeping the same balance and term. According to Natwest, two-year remortgage products start from 1.85% up to 60% LTV, 1.88% at 70% LTV, and 1.96% at 75% LTV and five-year fixed rates are…

Are you ready for the new HMO legislation?

New HMO legislation due to come into effect on 1st October could apply to around 177,000 properties according to the Residential Landlords Association. Alternative financial solutions may need to be found by several Buy to Let (BTL) landlords who own or wish to purchase such properties, so it is important to know how these changes will affect them. This new legislation comes after a series of challenges faced by the BTL market over the past couple of years, including the 3% stamp duty…

Where are the current best areas to sell a property?

The latest data and analysis from PropCast has revealed that while the London slump continues, demand for property in other areas of the UK is heating up. According to the data, homeowners living in postcode district BS5 in Bristol, and M32 in Manchester, currently have the best market conditions for selling. The monthly study examines buyer demand for each postcode district, by counting the number of properties for sale and calculating the percentage of these that are under offer or sold subject to…

How boosting your home’s EPC rating could add almost £25k to its value

So you want to sell your property? You go through all the usual steps in order to make it an attractive purchase, repairing things, a new coat of paint etc, trying to boost your kerb appeal. These are all great ideas to add extra value to your home, but you may have missed one.. MoneySuperMarket has found that upgrading your Energy Performance Certificate (EPC) – the government’s rating of a property’s energy efficiency – from an average D to a high end A can…

ONS: House price growth cools to near five year low

The latest report from the Office for National Statistics on the UK housing market has revealed that average house prices in the UK have increased by 3.1% in the year to July 2018. This is down slightly from the recorded 3.2% in June 2018 and the lowest UK annual rate since August 2013 when it was 3.0%. According to ONS, 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.…