Property Investors Weekly News: 12/10/2020

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Property Investors Weekly News: 12/10/2020

We hope you are having a fantastic start to the week and as usual we’ve pulled together some of the hottest news stories around property investment for your reading pleasure! So strap in, turn off the tv and get ready for some updates:

Boris Johnson pledges 95% first-time buyer mortgages: loans part of the Government ‘generation buy’ scheme

Prime minister Boris Johnson has vowed to create ‘Generation Buy’ with a low deposit mortgage scheme that he says could be ‘revolutionary’ for young people. First-time buyers will be able to buy with a five per cent deposit under new proposals for government backed 95 per cent loan-to-value mortgages announced today.

https://www.homesandproperty.co.uk/property-news/first-time-buyer-mortgage-scheme-boris-johnson-a140501.html

House prices soar by 7.3% in September: Halifax 

According to Halifax house prices soared by 7.3 per cent in the year to September, the steepest annual increase since June 2016.

https://www.mortgagestrategy.co.uk/news/house-prices-soar-by-7-3-in-september-halifax/

Rental market cruising as voids hold steady throughout September

Newly released data from Goodlord has shown a strong picture for the rental market as voids hold steady and rents only drop marginally in September.

https://www.propertyreporter.co.uk/landlords/rental-market-cruising-as-voids-hold-steady-throughout-september.html

Have a great week and speak to you soon!

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