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North West rents surge

North West rents surge

Rents have surged in the North West of England in the past year, rising by 6.5% to average at £773 in July 2020.They also increased by 2% from June to July, suggesting demand has been strong following the lockdown.The region with the biggest month-on-month increase in...

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West One revamps buy-to-let range

West One revamps buy-to-let range

West One has relaunched its buy-to-let range, lending up to 75% LTV with loan sizes up to £1m.The lender has reduced all rates by 0.65%, so they start from 3.59% for standard residential products and 3.79% for specialist products.The maximum loan size has been...

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Landlords urged not to withhold from evicting tenants

Landlords urged not to withhold from evicting tenants

Evictions should not be considered in the current climate, according to management firm Apropos.David Alexander, joint managing director of Apropos, said: “During these extraordinary times it is essential that agents and landlords work closely with tenants to develop...

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Funding 365 moves into development finance

Funding 365 moves into development finance

Bridging lender Funding 365 is expanded into development finance with the launch of its Light Development product featuring interest rates from 0.79% per month.The product is designed to enable borrowers to carry out property conversions and heavy refurbishments, or...

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Shawbrook returns to some pre-pandemic criteria

Shawbrook returns to some pre-pandemic criteria

Specialist bank Shawbrook has returned to some of their pre-pandemic criteria, following a previous tightening as a result of the coronavirus crisis and several changes to selected product ranges in March.One of the key changes unveiled to brokers this week is the...

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First-time buyers showing more interest in seaside towns

First-time buyers showing more interest in seaside towns

There’s been a 15% rise in mortgage enquiries from first time buyers who are looking to move to seaside towns post-lockdown, data from online broker Mojo Mortgages has found.Based on the broker’s analysis of Instagram hashtags, Brighton is the most popular location to...

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House price growth rebounds in July

House price growth rebounds in July

Annual house price growth recovered to 1.5% in July according to the latest House Price Index by Nationwide. Prices were up 1.7% month-on-month which reverses the fall seen in June. House prices in July were 1.6% lower than in April.Robert Gardner, chief economist at...

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