Latest News
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Property Experts Comment on Autumn Statement
Chancellor Jeremy Hunt presented over 100 measures in his full Autumn Statement, but only a few specifically targeted the housing sector. PropertyIndustryEye canvassed the opinions of several property experts. Enhancements to Local Housing Allowance The Local Housing Allowance rate, which assists private renters on low incomes in paying their rent, is set to increase to…
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Rapid Growth of the UK’s Competitive Socialising Sector
The UK’s competitive socialising sector has witnessed remarkable growth over the past five years, becoming a significant trend in the leisure industry. Recent research by Savills, a leading international real estate advisor, highlights the dynamics of this sector’s growth and its implications for property investors. Understanding Competitive Socialising Competitive socialising combines leisure activities with a…
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Is This an Ideal Time to Buy a House?
According to the latest analysis from the Office for Budget Responsibility (OBR), a pivotal moment is approaching for those considering investing in property. The OBR, the Government’s independent economic forecaster, has made a significant prediction for the housing market. They anticipate that the best time for house buyers to make their move will be in…
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London’s Commercial Market Still Not Functioning Normally
Londonmetric recently shared insights that paint a detailed picture of the current commercial property market and what it means for investors. In the first half of the fiscal year, Londonmetric reported a notable increase in net rental income, rising from £72.1m to £76.9m. This is a positive indicator, especially considering the tumultuous economic environment. The…
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Investing in Large HMO Properties, an Overview
Investing in large houses in multiple occupation (HMOs) presents a unique blend of challenges and opportunities. Understanding the intricacies of mortgages, legal classifications, and health and safety regulations is crucial for anyone considering this investment path. The Appeal of Large HMOs Large HMOs, typically consisting of properties where each bedroom is rented out separately, offer…
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Mortgage Guarantee Scheme a Boost for First-Time Buyers
The extension of the government’s mortgage guarantee scheme, as announced in the Autumn Statement, has been met with enthusiasm and relief by many aspiring homeowners. At its core, the mortgage guarantee scheme is a governmental initiative aimed at assisting individuals who are struggling to accumulate a large deposit for a home. Traditionally, securing a mortgage…
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Dundee Emerges as a New Buy-to-Let Investment Hotspot in Scotland
Dundee has been identified as the new capital of buy-to-let investments in Scotland, surpassing the more traditional investment hubs of Glasgow and Edinburgh. This shift, brought to light by the property and legal consultancy Gilson Gray, highlights the transformation Dundee has undergone in recent years. Dundee, often known as the “City of Discovery,” is experiencing…
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Enhanced Rental Support Boosts Some Landlords and Tenants
In a move aimed at bolstering the UK rental market, Chancellor Jeremy Hunt has announced a substantial financial boost benefiting both landlords and tenants. The Treasury’s decision to unfreeze the cap on Local Housing Allowance (LHA) rates, effective from April next year, represents a major shift in rental support policy. This move translates to an…
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Atom Bank’s Prime Mortgage Rate Reductions
Atom Bank has made a strategic move by reducing rates across its prime mortgage range for residential customers. This reduction specifically targets low LTV rates, which have been cut by up to 0.20%. A key highlight is the five-year fixed rate at 60% LTV, now starting from 4.84%, accompanied by a £900 fee. But what…
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Grainger Agrees Major Build-To-Rent Initiative
In a landmark development for the UK housing market, Grainger, the nation’s largest listed residential landlord, has announced a significant collaboration with Network Rail and the Bloc Group. This partnership aims to create 2,000 Build-To-Rent (BTR) homes across the UK, a move that promises to reshape the landscape of property investment and provide new opportunities…