Property Investors Weekly News: 23/11/2020
We hope that you are having a great start to the week and are smashing through your goals.
As always we have pulled together some of the hottest property news articles from the past week for your reading pleasure. Now it’s time to sit down and get ready for some updates.
Flipping makes a comeback with big profits made by investors
A combination of the stamp duty holiday and generally fast-rising house prices has led to a reappearance of flipping.
Hamptons International claims that 2.5 percent of all homes sold have been flipped and this is likely to equate to 23,000 homes by the end of the year. This may be largest numbers of homes flipped since 2007.
Price caps revealed for buyers using new Help To Buy scheme
The Government is set to replace the existing Help To Buy Equity Loan scheme with a new scheme that is restricted to first time buyers only. Along with restricting the new loan to first-time buyers only, the government has revealed regional price caps denoting the maximum price of a home for which the scheme applies.
Lendlord launches bespoke landlord finance hub
Portfolio management platform, Lendlord, has announced the launch of its new Finance Hub. The new Finance Hub is set to deliver bespoke, automated finance recommendations to landlords based on their own personal circumstances and portfolio profile.
Have a great week and speak soon!