Cambridge University has announced plans to go online for the academic year 2020-2021. They have decided to suspend in-person lectures for the 2020/2021 academic year. The university has also confirmed that its smaller group teaching will continue to be in person. The plans risking significant impact on HMO landlord and investor. HMO’ stands for ‘house…
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Halifax, HSBC, NatWest and Virgin Money have all updated their lending policies. They are changing their mortgage rates. Virgin Money has increased mortgage rates by up to 0.49% on 2, 3, and 5-year fixes to 90% LTV with a £995 fee, while there also increased to its 7-year and 10-year fixes. NatWest is also making…
Average UK Rental Yield observes a marginal decline compared to pre-pandemic levels. It currently sits at 3.5%, a marginal decline from the 3.6% registered prior to the COVID-19 pandemic. According to research by lettings management platform Howsy: Although the current market is facing obstacles, there are still buy-to-let (BTL) pockets providing strong returns for landlords….
No one can predict what will happen to the housing sector after the lockdown. The house prices will rise or not after the lockdown? Since March 27, when the government announced to pause property deals, many buyers and sellers have been left stranded. Mortgage lenders have withdrawn products from the market. The listing, valuing and…