Ipswich BS launch two new 95% products for local FTBs

Ipswich Building Society has announced that it has launched two new mortgage deals for local first time buyers looking to get on the property ladder. According to the lender, applicants can access up to 95% LTV and loans are available to applicants with gifted deposits, including entirely gifted funds for those who have been renting for 12 months or more. The two new ‘heartland exclusive’ products comprise two-year fixed and discount options, offered at lower rates than the Society’s standard product range: …

Persimmon announce ‘strong’ trading performance

Housebuilder, Persimmon, has announced that during 2018 the firm achieved another “strong trading performance”. The volume housebuilder said it expected its pre-tax profits for the year ending December 31 2018 to be “modestly ahead” of current market consensus, with the company benefitting from the new schemes it has opened during the year. During the period, Persimmon’s legal completions grew 3% to 16,449 homes against the same period in 2017, of which 13,341 were for private sales of new homes (2017: 13,274). Its average…

Will 2019 see the end of ‘amateur’ landlords?

The era of the ‘amateur’ landlord may be at an end according to accountants and business advisors French Duncan LLP. This year will see further erosion of the tax benefits of being a landlord and by 2020 there will be few financial incentives left for landlords. Many private landlords became because of circumstances i.e. they inherited property, or they were unable to sell their property and decided to rent it out until the market picked up. These ‘amateur’ landlords, who are estimated to…

Bezemek on The Alien and the State

Christopher Bezemek, University of Graz, Faculty of Law, Institute of Law and Political Science, is publishihng Stranger in a Strange Land: The Alien and the State in the Indonesian Journal of International & Comparative Law (2018). Here is the abstract. The relationship of the stranger and the political community has traditionally been at the very core of various theoretical, historical and mythical accounts; in defining membership, in answering who is to be included, accepted and (thus) protected, in safeguarding a group’s position and its coherence. The essay argues that many…

Conference at the University of Verona, November 21-22, 2019

From the mailbox: CFP:  Islands and Remoteness in Geography, Law, and Fiction, a conference convened by Matteo Nicolini, University of Verona, Law Department, and Thomas Perrin, UFR de Géographie et d’Aménagement, Université de Lille. The conference will take place at the University of Verona November 21-22, 2019. The conference seeks to explore how, in many ways, islands appear to be “geographicalparadoxes”. Indeed, they are spatially remote places, which are, at the same time, bound to a continent by social conventions. The grounds of such puzzle are manifold. It is firstly a matter of…

London landlords £1.8k worse off since referendum

The latest Landbay Rental Index has revealed that Landlords in the capital are potentially £1,806 worse off since the vote to leave the EU in June 2016. According to the report, using a conservative projection, rental growth in the capital is now 2.84% lower than expected back in June 2016, but this could be as high as 4.15. This higher estimate would leave the average landlord in London £1,806 short in rent due to subdued rental prices, or £1,217 for the mid-point. The…

BTL cashback doubled at Leeds

Leeds BS has announced that it has increased the cashback incentive available on selected two and five year buy-to-let products in another move to help landlords. According to the lender, cashback on their two and five year fixed rate buy-to-let products have been increased from £500 to £1,000. The cashback incentive can help landlords with the finishing touches and costs associated with finding tenants for a new property. Highlights of the updated cashback range, which include a free standard valuation, include: 2.69%…

Top tips for a quick house sale

Nobody wants a lengthy house sale. Aside from the fact that it’s one of life’s great stress tests, the costs will soon begin to mount up and the likelyhood of the whole thing collapsing increases by the day. However, being prepared and taking some well thought out steps to get your home looking its best can substantially reduce this stress and help you to sell your home even quicker. Estate agent comparison website www.getagent.co.uk has compiled their top tips for selling a house,…

haart and flatfair to launch biggest ever return of tenancy deposits in UK history

Estate agency group, haart, has announced that its partnership with tenancy deposit alternative, flatfair, is embarking on a campaign that could see more than £20m of deposit money returned to tenants. The group partnered with flatfair last April, to provide new tenants with the option of paying flatfair an affordable one-off membership fee (of a week’s rent plus VAT), instead of a hefty deposit, then pay for any lawful claims when they leave their property. In return, landlords benefit from up to 12 weeks’…

Demand for rental homes predicted to rise in 2019

The latest analysis from London Global real estate advisor, CBRE, has looked at how economic, political, financial and technological trends might affect property markets in the UK during 2019. UK house price growth is expected to be relatively moderate while weakened market conditions continue. CBRE is forecasting 1.8% growth in UK house prices in 2019. UK housing market forecasts are influenced by lower sales volume and capital growth, growing caution amongst lenders, and dampened investor demand for buy to let (BTL). Help…