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Huge Surge in Demand for Bridging Loans

Huge Surge in Demand for Bridging Loans

Intense competition within the UK property market has meant there has been a significant increase in the demand for bridging finance.  As UK home buyers try to get an edge over their rivals, the demand for bridging loans has soared.   The stamp duty holiday meant £171.69m more bridging loans were granted in 2021 than in …

House Prices Reach Record Heights Due to Short Supply

House Prices Reach Record Heights Due to Short Supply

Property prices are up by 2.1%, a fourth consecutive monthly record.  The average price of property coming to market is £367,501, putting prices £55,000 higher than pre-pandemic, according to the latest data released by Rightmove.  Prices last scaled these heights at this time of year in 2014, according to data by Rightmove. In the two …

Should I include bills in the price of my rent?

Should I include bills in the price of my rent?

When you rent out your property, should you include the bills in the price of the rent or not? Do you include bills in the price of your rent? If not, have you ever considered it?  For many landlords, this isn’t something they have considered taking on as it is a lot more work, but …

E.on Boss Issues Stark Fuel Poverty Warning to Government

E.on Boss Issues Stark Fuel Poverty Warning to Government

E.On UK CEO Michael Lewis has described the ongoing energy price rises as ‘unprecedented’, predicting that up to 40% of E.On’s customers will be in fuel poverty by October 2022.  Lewis called on the government to help. He called for ‘very substantial’ government intervention to help people with escalating fuel bills, which is one of …

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Online Banking: Can you trust a faceless system?

Online Banking: Can you trust a faceless system?

Technology has moved on so much over the last few decades that you rarely need to go into a bank if you don’t want to. But how much can you trust online banking? While some forms of online banking have been in use since the 1980s, it’s only in the 21st century that this way …

Cost of living begins to bite causing slowdown in demand for new homes

Cost of living begins to bite causing slowdown in demand for new homes

The demand for new homes has fallen to pre-pandemic levels, signaling a slowdown in a previously accelerating demand. This cooling follows a 3-month period of sustained growth in house hunting, according to new research from WhatHouse.com Searches for new build homes slowed by around 7 per cent in April, according to the data.  The research …

Stop Gap Renting: How is it affecting the rental industry?

Stop Gap Renting: How is it affecting the rental industry?

What is ‘stop gap renting’?  There are multiple reasons why renting is better than buying, but ‘stop gap renting’ in particular saves buyers from buying the wrong home. An increasing number of people are renting for short periods of time as a ‘stop gap’ for multiple reasons: They have just sold their house and have …

Tenants move back to London from Home Counties

Tenants move back to London from Home Counties

Tenants are returning from outside the capital and it’s pushing London rents up at a record pace.   Lettings agency Hamptons is making this suggestion and states that over the last year, rents in London have risen by 12.3 per cent, which is the fastest rate since the firm’s market index began in 2013.   Rental growth …

My tenant and I have argued, how can I fix our relationship?

My tenant and I have argued, how can I fix our relationship?

People are at the heart of the rental property industry and maintaining great relationships is the key to success. As a landlord, you probably have a dream tenant. For some it might be students, for others a young professional couple, while another landlord might be looking for a family. But all good tenants have a …

First details of the ‘property portal’ for landlords and tenants

First details of the ‘property portal’ for landlords and tenants

First details of the ‘private rental portal’ revealed in last weeks’ Queen’s Speech have emerged. It is thought the portal will be similar to portals already in use in Wales and Scotland, but more comprehensive. These portals will use the address of each private rented property in England to create a database of homes and …