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