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Property Wire 12/06/2019 02:00
Buy-to-let lender Landbay has exited the peer-to-peer market and will now solely use institutional funding. The lender said it will continue to fund buy-to-let and focus on expanding its presence with the mortgage intermediary sector. John Goodall, founder and chief executive of Landbay, said: “Landbay’s future is incredibly exciting as we see opportunities to grow […]. .
Property Wire 12/06/2019 01:45
The Aberdeen property market had a strong third quarter, according to property consultancy Galbraith. Galbraith’s Aberdeen team handled a year-on-year increase of 44% more property sales this quarter compared to the same quarter last year. The number of applicant registrations was also up by 4% on the previous quarter of this year. Hannah Christiansen, head […]. .
Property Wire 12/06/2019 01:30
Mixed-use property developer Rockwell has partnered with Gateway Housing Association to deliver so-called affordable housing at its landmark development at 82 West India Dock Road in London’s Westferry. The 30-storey hotel and residential building adjacent to Westferry DLR station, at the gateway to Canary Wharf, is due to start construction shortly. It will be completed […]. .
Property Wire 12/06/2019 01:20
A third of Hamptons International clients are making property searches on a Sunday after the estate agent launched a 27/7 service last year. Currently 80% of property searches begin online, with buyers, renters, sellers or landlords all using the online system. Mary Beeton, head of London sales at Hamptons International, said: “We identified the need […]. .
Property Wire 12/05/2019 02:00
More tenants experienced rent hikes in 2019, likely due to the introduction of the tenant fees ban on 1 June. Some 46% of tenants saw a rent increase in 2019, up from 26% in 2018, NAEA Propertymark and ARLA Propertymark data shows. David Cox, chief executive, ARLA Propertymark, said: “It’s no surprise that tenants have […]. .
Property Wire 12/05/2019 01:45
Kensington and Chelsea is the most searched for Airbnb location in the capital, research from End of Tenancy London has revealed. Approximately 570 people type ‘airbnb Kensington’, ‘airbnb chelsea’ and other related terms into Google every month. Kensington and Chelsea is the most expensive borough on average in London, at a daily price of £188. […]. .
Property Wire 12/05/2019 01:30
Halifax has been rated the UK’s best bank owing to the speed and ease of application. The ‘Mortgage Lender Benchmark’ research, which asked mortgage brokers of their opinions of lenders, was carried out by review site Smart Money People. The worst rated bank for service was M&S Bank. Brokers’ second favorite bank was NatWest, followed […]. .
Property Wire 12/05/2019 01:30
The British Property Federation has launched its own ‘Accelerated Planning Manifesto’ with industry perspectives on improving the planning system. The manifesto highlights resourcing as a key issue for the planning system, with per person spending on planning falling by 55% since 2010. However, with the major parties prioritising housing during the current General Election, the […]. .
Property Wire 12/05/2019 01:10
Landbay is donating £10 for every mortgage completion to Cardinal Hume Centre in Westminster to support local people facing homelessness and poverty. In addition to the thousands of people on the streets on any given night, an estimated 12,500 in London alone, are living in dangerous and insecure accommodation arrangements. Landbay will also embark on […]. .
Property Wire 12/05/2019 01:00
The Tenancy Deposit Scheme has published a matrix to help landlords and agents navigate the tenant fees ban in Wales and England. The matrix has been created in conjunction with ARLA Propertymark. Debbie Davies, head of communications at TDS, said: “We created the matrix to highlight the most important points of the legislation in a […]. .
Property Wire 12/04/2019 01:45
Leeds in Yorkshire is the city with the most noise complaints in the UK, research from online conveyancing hub CompareMyMove has revealed. There were 27,316 noise complaints in the city over the past three years. Other cities where people make a lot of complaints about noise are Glasgow (20,521), Belfast (20,261), Birmingham (15,643), and Manchester […]. .
Property Wire 12/04/2019 01:25
Taylor Wimpey Manchester has successfully completed the purchase of land in Droylsden, Tameside, which was once the site of the Robertson’s Jam Factory. Situated off Manchester Road, the purchase marks the progression of plans which will see Taylor Wimpey Manchester submit reserved planning matters for 300 new residential dwellings before the end of the year. […]. .
Property Wire 12/03/2019 01:35
Bridging lender West One Loans said troubled peer-to-peer lenders have caused ripples throughout the specialist lending sector. Lendy and FundingSecure are high-profile examples of lenders going into administration. West One said they should act as a warning to specialist lenders who take too much risk when chasing market share. Danny Waters, chief executive of Enra […]. .

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