landlord

Homely Secures Investment to Launch Homebuyer Platform
Home Mortgage, home owners, landlord, London, Mortgage Broker, proptech, tenant

Homely Secures Investment to Launch Homebuyer Platform

Homely, a startup that provides a platform for homebuyers to find and purchase their dream homes, recently secured an investment from a major venture capital firm. This investment will enable Homely to launch its platform and expand its services to more customers. Homely’s platform is designed to make the home buying process easier and more efficient. It allows users to search for homes in their desired area, compare prices, and view photos and videos of the properties. Homely also provides access to real estate agents and lenders who can assist with the home buying process. The investment from the venture capital firm will enable Homely to expand its services and reach more customers. Homely plans to use the funds to develop new features and tools for its platform, as well as hire additio...
Interview with Charles Roe, UK Finance Executive
Home Mortgage, home owners, landlord, London, Mortgage Broker

Interview with Charles Roe, UK Finance Executive

Charles Roe is a finance executive in the United Kingdom who has been in the industry for over 20 years. He has held various positions within the banking sector, including managing director of a major bank and chief executive of a financial services company. In this exclusive interview, Charles shares his insights on the current state of the UK financial sector and his advice for aspiring finance professionals.Q: What do you think are the biggest challenges facing the UK financial sector today?A: The biggest challenge facing the UK financial sector today is the uncertainty caused by Brexit. This has caused a great deal of volatility in the markets, which has made it difficult for companies to plan ahead and make long-term investments. Additionally, the UK’s departure from the European Unio...
Clydesdale Bank Offers Reduced Rates on Landlord and Residential Mortgages
Home Mortgage, landlord, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector

Clydesdale Bank Offers Reduced Rates on Landlord and Residential Mortgages

Clydesdale Bank has recently announced a reduction in rates for both landlord and residential mortgages. This is great news for those looking to purchase a property or refinance an existing mortgage. The bank has reduced rates on both its two-year fixed rate and five-year fixed rate mortgages. The two-year fixed rate mortgage now stands at 2.24%, down from 2.49%, while the five-year fixed rate mortgage has been reduced to 2.59%, down from 2.89%. This means that customers can save hundreds of pounds over the course of their mortgage. The bank has also reduced rates on its buy-to-let mortgages. The two-year fixed rate buy-to-let mortgage now stands at 2.59%, down from 2.79%, while the five-year fixed rate buy-to-let mortgage has been reduced to 2.99%, down from 3.19%. This is great news for ...
Rightmove Study Finds Upgrading Homes to EPC C Could Increase Property Value by £56,000
Home Mortgage, home owners, landlord, London, Mortgage Broker, tenant

Rightmove Study Finds Upgrading Homes to EPC C Could Increase Property Value by £56,000

As the housing market continues to evolve, homeowners are looking for ways to increase the value of their property. A recent study conducted by Rightmove has found that upgrading homes to an Energy Performance Certificate (EPC) C could result in a £56,000 increase in property value. The study looked at the impact of energy efficiency on property values in England and Wales. It found that homes with an EPC C rating, which is the second highest rating, were worth an average of £56,000 more than those with an EPC D rating, the lowest rating. The study also found that homes with an EPC A rating, the highest rating, were worth an average of £90,000 more than those with an EPC D rating. This suggests that upgrading to an EPC A rating could result in a much larger increase in property value. The ...
Fines of up to £50,000 for Landlords and Tenants Who Sublet Illegally
HMO, Home Mortgage, landlord, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector, tenant

Fines of up to £50,000 for Landlords and Tenants Who Sublet Illegally

In recent years, the UK government has been cracking down on landlords and tenants who sublet illegally. Subletting is when a tenant rents out all or part of their property to another person without the permission of the landlord. This is illegal in the UK and can result in hefty fines for both the landlord and tenant. The government has recently announced that landlords and tenants who sublet illegally can face fines of up to £50,000. This is a significant increase from the previous maximum fine of £5,000. The new fines are intended to act as a deterrent to those who are tempted to sublet their property without the permission of their landlord. The government has also announced that it will be introducing a new licensing scheme for landlords who are found to have sublet their property ill...
Exploring the Impact of EPC Legislation on Landlords: A Star Letter from 30th June 2023
Home Mortgage, home owners, landlord, London, Mortgage Broker

Exploring the Impact of EPC Legislation on Landlords: A Star Letter from 30th June 2023

It has been almost five years since the introduction of the Energy Performance Certificate (EPC) legislation, and its impact on landlords has been far-reaching. The EPC legislation was introduced in June 2018, and it requires all landlords to provide an EPC rating for their rental properties. This rating is based on the energy efficiency of the property, and it is used to inform potential tenants of the energy costs associated with renting the property. Since its introduction, the EPC legislation has had a significant impact on landlords. Landlords are now required to have an EPC rating for their rental properties, and this has led to an increase in energy efficiency standards for rental properties. Landlords are now required to make improvements to their properties in order to meet the mi...
No-Deposit Mortgages are Not Always the Best Option – Analysis of Star Letter, 12/05/2023
Home Mortgage, home owners, landlord, London, Mortgage Broker, tenant

No-Deposit Mortgages are Not Always the Best Option – Analysis of Star Letter, 12/05/2023

No-deposit mortgages are becoming increasingly popular in the UK, with more and more people looking to take advantage of the lower initial costs involved. However, it is important to understand that no-deposit mortgages are not always the best option. This article will analyze a recent Star Letter published on 12/05/2023 to explore the potential pitfalls of no-deposit mortgages.The Star Letter in question was written by a person who had recently taken out a no-deposit mortgage. The writer expressed their concerns about the high interest rates and fees associated with this type of mortgage. They also noted that the mortgage payments were significantly higher than expected and that they had difficulty making the payments on time.The writer’s concerns are valid, as no-deposit mortgages often ...
Tenant Demand for Rented Homes Reaches Record High: Paragon
Home Mortgage, landlord, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector

Tenant Demand for Rented Homes Reaches Record High: Paragon

Report The rental market has been booming in recent years, and the latest Paragon report shows that tenant demand for rented homes is at an all-time high. According to the report, tenant demand has increased by 8% since last year, with the number of new tenants registering with letting agents reaching a record high. The report also found that the average rental property is now let within just 14 days of being listed, which is a significant decrease from the 19 days it took in 2019. This is largely due to the increased demand for rental properties, as more people are choosing to rent rather than buy due to the current economic climate. The report also revealed that the average rent for a two-bedroom property has increased by 2.9% since last year, and the average rent for a three-bedroom pro...
Government Incentives for Downsizing to Increase Housing Supply
Home Mortgage, landlord, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector, tenant

Government Incentives for Downsizing to Increase Housing Supply

The housing market is a major issue in many countries, with rising prices and a lack of available housing making it difficult for people to find affordable homes. Governments around the world are looking for ways to increase the supply of housing and make it more affordable. One way to do this is to offer incentives to encourage people to downsize their homes. Downsizing is when a homeowner moves from a larger home to a smaller one. This can free up space for new homes to be built, which increases the supply of housing. To encourage people to downsize, governments can offer incentives such as tax breaks, reduced mortgage rates, or even cash payments. For example, the government of Singapore recently introduced a scheme that offers homeowners a cash payment of up to $20,000 if they downsize...
Tenant Responses to Rent Increases: Examining Decisions to Stay or Move
Home Mortgage, landlord, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector, tenants

Tenant Responses to Rent Increases: Examining Decisions to Stay or Move

Rent increases can be a difficult reality for tenants to face. With the cost of living increasing, landlords often have to raise rents in order to keep up with the market. While this is an understandable decision, it can leave tenants feeling uncertain about their future. In this article, we’ll examine the different responses tenants have to rent increases and the factors that influence their decisions to stay or move. The first response to a rent increase is often shock and anger. Tenants may feel like they’re being taken advantage of and that their landlord is not taking their financial situation into consideration. This is a natural reaction, but it’s important to remember that rent increases are often necessary for landlords to cover their costs. The next step is for tenants to conside...