TML announce first HTB range

The Mortgage Lender has announced that it has launched its first range of Help to Buy mortgages for borrowers who wish to purchase a new build home in England, Wales and Scotland. According to the lender, its products are available to the whole of market and across Real Life (RL) categories one to six. There is a maximum Loan to value of 75 per cent with a minimum 5 per cent borrower deposit and its rates start at 3.64 per cent for a two-year…

How to spot property potential

Could thrift be a new buying trend? The polar opposite of a brand new modern home – a ‘fixer-upper’, certainly has its advantages and as increasing numbers of buyers are looking for property that offers ‘plenty of square footage to the Pound and potential for growth in excess of the norm’, Stacks Property search has some advice for potential bargain hunters. Linda Jeffcoat, from Stacks Property Search, has this advice: Spotting weaknesses that can be fixed Badly laid out property that…

Where are the nation’s most lucrative property postcodes?

Property portal, OkayLah.co.uk, has been crunching the numbers to find out where across England and Wales is home to the most lucrative property postcodes, based on based on sales figures during the last year. Despite a challenging market, over £250bn worth of residential property was sold in the last year. Most lucrative in England and Wales The most lucrative postcode? Of course, it’s in London with the capital also home to the largest amount of property sold across all regions, but it’s…

Majority of over 55s say they’ll never move from their family home

The latest research from over 50s experts, SunLife, has found that 70% of over 55s rate happiness in their homes 8 out of 10 or higher and can’t imagine ever moving again. SunLife’s Home Sentiment Report surveyed 1,000 homeowners in their 50s, 60s, 70s and 80s – and found that on average, respondents had been living in the same home for 20 years, and half for more than 20. According to the findings, the happiest over 55s homes have celebrated 23 Christmases, 83 birthdays,…

Top tips for first-time-buyers | Property Reporter

According to recent figures, the number of first-time buyers coming to the market has risen from 671,000 during 2016-17, to 785,000 during 2017-181. Mark Bentley, President, NAEA Propertymark outlines top tips to help FTBs onto the housing ladder: 1. Save, save, save The typical deposit for a first home has fallen by nearly £4,0002, but it still stands at nearly £45,000 which means it’s unsurprising that FTBs see saving for their first home as out of their reach. However, if you start…

CMP gains formal government approval to operate a client money protection scheme

Client Money Protect, part of the Hamilton Fraser group of companies, has announced that it has become the first to gain government approval to operate a CMP Scheme when the regulations go live on April 1st 2019. From April 1st, it will become mandatory for all letting agents and property managers in England to be a member of an approved client money protection scheme or face fines and sanctions for non-compliance. Client Money Protect will offer a scheme that is fully compliant with…

Nottingham BS announce first retirement interest-only range

Nottingham Building Society has announced that it has launched a brand new range of retirement interest-only mortgages, a first for the lender. According to the society, the range will comprise of a two-year discount product at 2.99%, a three-year fixed rate at 3.34% and a seven-year fix at 3.85%, all available up to 40% LTV with a free valuation and £995 fee. Nikki Warren-Dean, head of intermediary sales at The Nottingham for Intermediaries, had this to say: “The addition of RIO mortgages to…

Top tips to keep your roof in check

It’s usually one of the last things we keep an eye on due to the ‘out of sight, out of mind’ mind-set, but a leaky, broken, or damaged roof can be a costly and timely expense to UK homeowners. Roofing experts, Roof Stores, have found that the British public really aren’t very pro-active when it comes down to inspecting their roofs, with over half (57.4%) admitting they’d never inspected theirs. Not only this, but around the same number said they’d never checked either…

Property completions surge 112% in January

The latest data released by online comparison site for estate agents, NetAnAgent.com, has revealed that there has been a 35% increase year on year in terms of listing enquiries in January 2019 and a huge 112% increase in properties completing sales. With the outcome of ongoing Brexit negotiations still unknown, experts are predicting a significant bounce in the housing market, with a returning confidence even if a Brexit deal isn’t agreed. While there are a number of different factors that could have an impact…

First-time buyer numbers hit 12-year high during 2018

The latest data and analysis from UK Finance has revealed that despite ‘challenging’ market conditions and the ongoing Brexit and political circus, first-time-buyer numbers reached a 12-year peak during last year. According to the report from UK Finance, there were 370,000 new first-time buyer mortgages completed in 2018, a 1.9% rise when compared to 2017. This is the highest number of first-time buyer mortgages since 2006, when this figure stood at 402,800. The £62bn of new lending in the year was 4.9% more than…