Land Registry launches digital Local Land Charges Register

” By centralising and digitising the local land charges information of local authorities in England we are helping to improve conveyancing. ” HM Land Registry has launched its new digital Local Land Charges Register, which aims to make the home-buying process simpler, faster and cheaper. Warwick District Council’s data will be the first to be available. Anyone requiring local land charge searches in the local authority area of Warwick from today onwards will need to get them from HM Land Registry rather…

Home improvements more popular than holidays – but which DIY projects top the list?

“Since the financial crash a decade ago, there has been an upturn in staycations and perhaps, this has now become a habit for many. ” New AA research reveals Brits are twice as likely to be planning DIY projects at home this summer (48%) than heading overseas for a family summer holiday by the pool (25%). The AA Financial services poll asked 2,133 homeowners what, if any, home improvement projects they were planning and how much they were planning to spend. …

Supply of rental properties continue to drop as landlords exit market

“The situation in the Private Rented Sector gives great cause for concern as supply continues to drop.” Supply of rental properties coming to market has fallen for the 21st consecutive month, according to the latest RICS UK Residential Market Survey. Anecdotal remarks, unsurprisingly, draw attention to role the change in tax treatment on investment property has played in driving this trend. The Rent Expectations series is pointing to a cumulative average rise of around fifteen per cent over the course of the next…

Landlords urged to remain committed to sector as rents continue to rise

“If some landlords do choose to sell up there are many who will see that as an opportunity to improve their yields as demand still exceeds supply” HomeLet is urging landlords to remain committed to the rental sector as average rental prices across the UK continued to rise over Q2. Overall in the UK, rents have risen by 1.8% in the last year, equating to a £16 average monthly increase per property. Rents increased in 10 of the 12 areas of the…

Number of homemovers drops 10%

“Homeowners were moving increasingly frequently up to 2015, but this trend is now clearly in reverse, which I expect to continue. ” The number of home moves within the owner-occupier sector plummeted by 10% between 2016 and 2017, according to analysis by reallymoving.com. The firm believes Brexit uncertainty is partly to blame and has made homeowners increasingly reluctant to take on new debt. The total number of house moves fell from 476,000 in the year to March 2016, the year of the…

Five things you might not know about buying at auction

“Although there are many things to consider when buying an item at auction, it’s a chance to have fun and it really doesn’t need to be complicated.” NAVA Propertymark has pulled together a list of the top things you might not know about buying at auction, to help make the experience as stress-free as possible. 1. No backing out if you are the buyer If you are the highest bidder, you cannot change your mind after the fall of the hammer and…

Online estate agents grow market share by 13% in Q2

“The growth in market share for online agents continues unabated, with this group now representing nearly 8% of all exchanges. ” TwentyCi’s latest Property & Homemover Report shows that online estate agents now represent nearly 8% of all exchanges, an increase of 13% between Q1 and Q2. In the last year, online agents have established a greater footprint across England, helped by significant investment in advertising and the introduction of more local property experts. The share of the properties they represent has…

Accord launches new buy-to-let range

“We’ve made a number of changes across our buy-to-let mortgage range to make sure we’re offering attractive options for landlords to consider.” Accord Buy To Let has enhanced its mortgage range with a new range of options including reduced rates and added cashback on selected buy-to-let mortgages. Landlords looking to refinance their buy-to-let portfolio and who have a 35% deposit can now opt for a two-year fixed rate mortgage at 1.82%, which comes with a £1,495 fee, free standard valuation and a…

New rent collection service safeguards payments

” A large number of buy-to-let landlords rely on their rental income to cover significant payments, such as mortgages, so late or missed rental payments can pose a real threat.” TheHouseShop has launched a rent collection service, in partnership with Experian, which registers a tenant’s rental payments on their credit history. RentScore collects rent and passes the data through Experian’s Rental Exchange which will be reflected on the tenant’s credit history, incentivising them to pay on time. Additionally, RentScore Plus will…

Paragon launches portfolio buy-to-let range in Scotland

“The introduction of the new PRA underwriting rules for portfolio landlords has impacted the buy-to-let market across the UK” Paragon is expanding its buy-to-let mortgage offering in Scotland to include mortgage products for portfolio landlords. Available from today, Paragon’s portfolio range is designed for landlords with four or more mortgaged properties, as well as those operating in limited companies and limited liability partnerships. The portfolio range can be used to finance single self-contained units, HMOs and multi-unit blocks, with products available…