Category: Property

Let-to-buy loans rise in popularity

Property

A relatively unknown type of mortgage that allows families to move into a new home without selling their existing property is growing in popularity, as many struggle to shift their homes. Mortgage broker Trinity Financial has reported a 15% increase in the sale of “let-to-buy” mortgages in the past...

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UK mortgage approvals rise

Property

The number of mortgage approvals hit 66,400 in June, up from 65,650 in May, according to the Bank of England’s latest data, above economists’ expectations and the highest number since January. Howard Archer, an economist at the EYItem Club, said the reprieve from a disruptive Brexit in March, together with better consumer purchasing power and strong jobs growth, had helped, although the “overall benefit has been relatively limited”. Annual lending growth to UK consumers slowed to 5.5% in June, from 5.7% in May, the slowest rate since April...

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Buy-to-let investors putting expansion plans on hold

Property

A new survey suggests only a fifth of property investors would add to their buy-to-let portfolio over the next 12 months. The study by Benham and Reeves assessed investor sentiment in the property sector amid tax and regulatory changes, with 83% of those polled saying they were unlikely to...

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House prices fall in March

Property, Economy, Brexit

The latest Halifax House Price index shows that the average property value fell by 1.6% in March. This follows a 5.9% month-on-month increase reported in February. Quarterly figures show a rise of 1.6% over the first three months of the year. Annually, the data shows an increase in the...

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First-time buyer figures fall in February

Finance, Property, Economy

The latest data from e.surv suggests that mortgage approvals fell by 0.5% in February as lending to small deposit borrowers reduced slightly. Richard Sexton, director at e.surv, remarked: “While confidence has fallen in the housing market due to economic and political turbulence, the mortgage market continues to grow.” He...

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House prices set to slip

Property, Economy, Brexit

House prices are expected to fall towards the end of the year, according to estimates from the Office for Budget Responsibility. It said that average prices will drop by 0.3% in the fourth quarter of 2019. Growth is expected to return in the second quarter of 2020, to 0.9%,...

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What are the main types of intellectual property?

Property, Economy

For entrepreneurs with a unique idea, understanding the different types of intellectual property is the first step in making money from it. David Walker, founder of Grid Law, provides a comprehensive overview of patents, registered designs, trademarks and copyright. Origins of intellectual property The oldest form of intellectual property rights...

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The end of staircase tax

Property, Economy, Tax

Government officially axes unpopular staircase tax Thousands of small business owners in England will be pleased to know that the widely unpopular “staircase tax” has finally met its end. As of yesterday, 1 November, thousands of companies in England are able to ask for rebates to their business rates...

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