FTBs hit by gender pay gap

Worrying new research from Compare My Move has revealed that millennial women must save on average for an extra 8 months to secure their first home compared to their male counterparts. On average, British women take 3 years and 8 months to save a 10% deposit while renting, whereas it would take men only 3 years to save for the same house. According to the findings, the gender pay gap for 22 to 29-year-old full-time employees means female savers have around £100 less…

Annual house price growth remains stagnant

This morning’s figures released by Nationwide have painted a rather gloomy picture of the UK housing market. After a largely inactive start to the year, annual house price growth crawled up by 0.4% in February. After taking account of seasonal factors, there was a marginal house price fall month on month. Robert Gardner, Nationwide’s Chief Economist, comments: “After almost grinding to a complete halt in January, annual house price growth remained subdued in February, with prices just 0.4% higher than the same time…

BTL dates extended at Accord

Accord has announced that it has enhanced its buy-to-let range by cutting rates and extending the end dates to August. According to the lender, the new range will include a two-year fixed rate at 1.90% up to 75% LTV with a £1,495 product fee, free standard valuation and £500 cashback. And for landlords who wish to remortgage, the same rates will be available, also coming with £1,495 fee, free standard valuation and a choice of either £500 cashback or free legals and £250…

Persimmon reports pre-tax profit of £1bn

Housebuilder, Persimmon, has revealed that its profits hit the £1bn mark during its year to December 31 2018. According to the firm, during 2018 pre-tax profits were up 13% and hit £1.091bn when compared to the previous year, with a 13% increase in operating profits to £1.083bn. Revenue lifted 4% to £3.74 billion. The firm’s legal completions grew 3% to 16,449, with the average selling price rising 1% to £215,563. Persimmon saw “strong performances” across all its geographical markets, it said. It…

Landbay announce new partnership with MCI Club

Specialist buy-to-let mortgage lender, Landbay, has announced a new partnership with The Mortgage Compliance & Insurance Club in a move aimed at providing brokers and their landlord clients with access to its specialist lending products. According to the lender, the new partnership will offer MCI Club’s intermediaries a range of products appropriate for portfolio landlords, HMOs, MUFBs, first time landlords, limited companies and new build properties. The Club’s brokers will also have access to Landbay’s innovative online intermediary portal, which includes case tracking features…

How can commercial landlords attract more retailers?

There is no denying that the high street is facing some particularly challenging times. Footfall is down, buyers are opting to do their shopping online and several big names have disappeared completely. So how are landlords coping with this and what can be done? Independent retail real estate consultancy Harper Dennis Hobbs has set out what commercial landlords can do in 2019 to maximise rental incomes and avoid the costs associated with empty units. As advisors to a broad number of retailers HDH…

Is it time to relax the rules surrounding pets in rented properties?

According to new research, there are a growing number of tenants in the private rented sector who are unable to own pets, or find a suitable property which will allow pets. Intus Lettings surveyed over 2,000 renters and asked them what the most important features tenants typically look for in a rental property are. According to the data, the most common responses were having outdoor space (46%), followed by a car parking space (42%). However a large group of responders cited that a…

Majority of Londoners have buyers remorse due to high leasehold charges

A new survey of leaseholders in the capital has shed light on their feelings towards their tenure and found that as many as 57% experienced an unexpected service charge increase. The research uncovered some stark findings, revealing that many leaseholders are disillusioned with the lack of transparency on fees and service from managing agents and are therefore particularly keen to understand more about Right to Manage. Leasehold properties in London are on the rise, with 98% of all new build properties sold in…

Most UK cities reporting slowdown in house price growth

The latest data and analysis on city housing from Zoopla has revealed that average house prices are 2.9% higher than in January 2018 despite a slowdown in the annual rate of growth as a mix of affordability pressures and uncertainty. According to the report, the sharpest slowdown in growth over the last 12 months has been registered in Edinburgh, Bournemouth, and Portsmouth Asking price discounts vs time to sell Despite slower growth, the latest index report sets out new analysis for the…

Tenants Contents Insurance launched at Paymentshield

Paymentshield have announced the latest addition to their offering for the lettings market. Underwritten by a panel of insurers, Tenants Contents Insurance, has been designed specifically with tenants in mind, with cover that includes valuables, alternative accommodation, tenant’s home improvements, visitor belongings, contents taken away from the home and Tenants Liability as standard. James Loder, Proposition Director at Paymentshield, says: “At Paymentshield, we have unrivalled experience in developing products and technology that deliver a market leading insurance proposition. By taking our expertise to…