Property Investors Weekly News: 01/02/2021

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Property Investors Weekly News: 01/02/2021

Welcome to the first Sourcesome newsletter of February 2021.

As always, we have collected some of the hottest property news articles for your reading pleasure. Now it’s time to sit down and get ready for some property updates. Enjoy!

New standard tenancy agreement to help renters with well-behaved pets

People living in rented homes in England could automatically be allowed to keep “well-behaved’ pets under new measures announced by the government.

Under the new Model Tenancy Agreement, which is the government’s recommended contract, landlords will no longer be able to issue blanket bans on pets.

Currently, just 7% of private landlords advertise pet friendly properties. This has meant in some cases people have struggled to find a suitable home and have to give up their pets altogether.

https://www.gov.uk/government/news/new-standard-tenancy-agreement-to-help-renters-with-well-behaved-pets

Zoopla – UK House Price Index

House price growth is higher than it’s been for a decade across the North of England, according to Zoopla data. The study also shows that demand is up 13% on the same period last year.

https://advantage.zpg.co.uk/wp-content/uploads/2021/01/Zoopla-UK-house-price-index-January-2021-final-2.pdf

Home-hunters swap city centres for the suburbs

A recent study by Rightmove shows a large number of tenants living in city centres have been thinking differently to where they want to live – many choosing to move out of the city and into the suburbs.  Lockdown has made the convenience of living centrally not as appealing as it once was.

https://www.rightmove.co.uk/news/articles/property-news/rightmove-rental-trends-suburbs

JPMorgan funds $686 million in mortgages through London fintech

JPMorgan Chase & Co. has agreed to fund 500 million pounds in U.K. home loans originated by London-based fintect LendInvest Ltd.

https://www.bloomberg.com/news/articles/2021-01-28/jpmorgan-funds-686-million-in-mortgages-through-london-fintech

That’s it for our weekly property news. From the Sourcesome Team we hope you have a fantastic week!

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