Property Investors Weekly News: 19/04/2021

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Property Investors Weekly News: 19/04/2021

This week 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:

Low-deposit mortgage scheme launched

High street banks will today (19th April) begin to offer mortgages with a deposit of just 5% under the new government-backed scheme.

The scheme, first announced in the Budget, is designed to make home ownership more affordable for first-time buyers.

High street lenders Lloyds, Santander, Barclays, HSBC and Natwest are all offering the mortgages from today (19th April) with Virgin Money set to join the scheme next month.

Borrowers will be able to secure a mortgage with just a fiver per cent deposit on homes up to a value of £600,000.

https://www.bbc.co.uk/news/business-56777436

Average house prices hit record high and sell at fastest pace ever recorded

House prices have risen to a new record high and properties are selling at the fastest pace ever recorded, according to the latest Rightmove house price index.

https://www.propertyreporter.co.uk/property/average-house-prices-hit-record-high-and-sell-at-fastest-pace-ever-recorded.html

New stamp duty petition attracts more than 1,700 signatures within 24 hours

A petition launched last week for the stamp duty holiday to be triggered upon exchange of contracts, rather than completion. The petition attracted 1,700 signatures within 24 hours.

https://propertyindustryeye.com/new-stamp-duty-petition-attracts-more-than-1200-signatures-within-24-hours/

MP backs law change to allow tenants to pay pet damage insurance

Conservative MP Andrew Rosindell is urging landlords to accept pets. He also says that he backs a law to allow tenants to be billed for pet damage insurance.

https://www.landlordtoday.co.uk/breaking-news/2021/3/mp-backs-law-change-to-allow-tenants-to-pay-pet-damage-insurance

Have a great day and we look forward to working with you.

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