The announcement is an important step forward in raising standards and improving transparency in the leasehold sector
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Suffolk Building Society (SBS) has become the second mortgage lender of its kind to take prospective home buyers’ rental payment history into account when making loan decisions, following on from the Skipton BS. SBS says first time buyers will be offered a multiple of 5.49 times their income for those with a record of paying…
No-fault evictions are on the rise, and landlords are exiting the market before the Renters’ Rights Act reforms come into force on 1st May, a Southampton Council meeting has been told. Cllr. Dave Shields (pictured), Chairman of the housing scrutiny panel, said: “I suspect, from my experience, there is an increase in the number of…
The UK is facing a long-term ‘structural failure’ in the affordability of home ownership, as new figures reveal that the average-priced home in England is now only financially achievable for the highest-earning 10% of workers. Jason Harris-Cohen (pictured), Managing Director at house buying firm Open Property Group, says: “Our analysis shows that home ownership has…
London’s property market is ready to bounce back once the Budget is revealed next week, a senior agent from Chestertons has predicted. Residential sales in the Capital are at “a turning point”, with inflation stabilising and lending conditions improving says Matthew Thompson (main image), the firm’s Head of Sales. Bottom of cycle The market “has…
Anti-money laundering (AML) and digital compliance provider, SmartSearch, has announced a strategic partnership with fintech specialist Armalytix to launch its Source of Funds (SoF) solution. The technology underpinning this solution is used in one in five UK residential property purchases and regulated by the Financial Conduct Authority (FCA), assuring SmartSearch clients that the solution meets…
Don’t opt for style over substance in a world where trust is our currency and reputation precedes everything Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
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