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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...
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...
Cambridge Launches Rent to Own Program for Applications
Home Mortgage, home owners, London, Mortgage Broker, tenant

Cambridge Launches Rent to Own Program for Applications

The city of Cambridge, Massachusetts has recently launched a new rent-to-own program for applications. This program is designed to help those who are unable to purchase applications outright, but still need access to them. The rent-to-own program allows users to rent the application for a period of time, and then purchase it at the end of the rental period. The rent-to-own program is part of Cambridge’s larger effort to make technology more accessible to all residents. The city has already launched initiatives such as free public Wi-Fi and discounted computer hardware and software. The rent-to-own program is the latest in a series of efforts to bridge the digital divide and make technology more accessible to everyone. The rent-to-own program is available for a variety of applications, incl...
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 ...
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...
Around 5 Million Rental Properties at Risk of Not Meeting EPC Requirements
Home Mortgage, home owners, landlord, London, Mortgage Broker, tenant

Around 5 Million Rental Properties at Risk of Not Meeting EPC Requirements

As energy efficiency becomes increasingly important in the fight against climate change, rental properties are coming under increasing scrutiny to meet energy performance certificate (EPC) requirements. Unfortunately, a recent report has revealed that around 5 million rental properties in the UK are at risk of not meeting these requirements. The report, released by the Department for Business, Energy and Industrial Strategy (BEIS), found that 5 million rental properties in the UK are at risk of not meeting the minimum energy efficiency standards set out by the government. This means that landlords of these properties could face fines of up to £4,000 if they fail to make improvements to their properties. The report also found that the majority of these properties were located in the North W...
Paragon Study Finds Landlords Responsible for Efficiency Improvements in Rental Stock
Home Mortgage, home owners, landlord, London, Mortgage Broker, private rented sector, tenant

Paragon Study Finds Landlords Responsible for Efficiency Improvements in Rental Stock

Recent research conducted by Paragon has revealed that landlords are responsible for making significant improvements in the energy efficiency of rental stock. This is an important finding, as it highlights the role that landlords can play in helping to reduce emissions and improve energy efficiency in the rental sector. The study found that landlords are responsible for making the majority of energy efficiency improvements in rental stock. This includes installing energy efficient appliances, such as energy-efficient refrigerators and washing machines, as well as improving insulation and air sealing. The study also found that landlords are more likely to make these improvements if they are provided with incentives, such as tax credits or grants. The findings of the study are particularly i...
Star Letter: Landlords to Face Financial Hardship as Rent Freeze and Eviction Ban Take Effect 24/02/2023
Home Mortgage, home owners, landlord, London, Mortgage Broker, tenant

Star Letter: Landlords to Face Financial Hardship as Rent Freeze and Eviction Ban Take Effect 24/02/2023

The coronavirus pandemic has had a devastating effect on the rental market, with landlords facing financial hardship as a result of rent freezes and eviction bans. On 24th February 2021, the UK government announced a three-month rent freeze and an eviction ban to help protect tenants during the pandemic. This has caused a great deal of financial difficulty for landlords, who are now unable to collect rent from their tenants. The rent freeze has caused landlords to lose out on income, as they are unable to collect rent payments from their tenants. This has put them in a difficult position, as they are unable to cover their expenses or pay their mortgages. Furthermore, the eviction ban means that landlords are unable to evict tenants who are not paying rent, which has further exacerbated the...