News

LETTINGS NEWS: Investing in student accommodation has become easier

06/03/17

If you have a son or daughter off to university in 2017, a new mortgage product could allow them to become a property owner instead of paying rent for three years or more. The Loughborough Building Society’s Buy For Uni mortgage is open to any student aged 18 or more, and lends up to 100 per cent of a property’s value up to a maximum £300,000. As…

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LOCAL NEWS: Exeter Airport makes our area better-connected than ever befor

01/03/17

One of the biggest attractions of moving to Exeter and East Devon in recent years has been dramatic improvements in transport links with the rest of the UK and internationally – indirectly, this helps keep local housing markets strong, too. Now Exeter Airport has seen an eight per cent increase in passenger numbers in 2016 – the fourth successive year that business has grown at the airport…

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SALES NEWS: Analysis shows the ‘right’ asking price is absolutely vital

01/03/17

A survey by Rightmove reveals that homes with realistic asking prices typically sell faster than properties that ‘try it on’ with ambitious prices. Rightmove is Britain’s biggest property portal and analyses around 100,000 homes for sale each month, assessing their asking prices, their time on the market, and how much they eventually sell for: East of Exe advertises all of its clients’ properties on this site. The…

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LETTINGS NEWS: How letting agents can help landlords handle raft of new rental rules

22/02/17

Many landlords are baffled by the complex and changing laws and regulations that govern the letting of flats and houses, new research suggests. A survey of almost 4,000 landlords by a lettings organisation reveals that almost three quarters of landlords are not aware of all aspects of the mandatory immigration checks that must be conducted on new tenants (called Right To Rent); over a third are unsure…

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SALES NEWS: The ‘Three Ps’ – we reveal the essential strategy to sell your hom

22/02/17

A new survey of 5,000 buyers has revealed that in the south west, 48 per cent of people visit six or more homes before they make an offer. Findings by East of Exe support this result: our buyers are often well-informed and spend substantial time researching and viewing competing properties before committing. This backs up the need for what we call ‘The Three Ps’ – a successful…

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LETTINGS NEWS: Good news for landlords as rent market stability confirmed

20/02/17

One of the most authoritative indices of the private rental sector suggests that average rents in the south west have remained almost unchanged over the past year. HomeLet, which closely monitors the lettings sector, says south west rents rose 0.5 per cent in 2016. This is good news for landlords because it shows rents have not dropped despite a surge in the number of homes available to…

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SALES NEWS: Cheaper mortgage rates help make housing affordable

20/02/17

The Halifax says buying a house is no more expensive for many people now than in 2015 – despite house prices having risen around seven per cent on average since that time. This is because while prices have risen, two other factors have come in to play. Firstly, mortgage costs over the same period have fallen thanks to last year’s further re-duction in the Bank of England…

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LETTINGS NEWS: Two months to prepare for landlords’ tax relief changes

17/02/17

It’s now just two months before some landlords with buy to let properties will encounter the first phase of changes to how their mortgage interest tax relief is applied. Currently tax is due on profits at your highest rate of income tax. But from April this year, and each April until 2020, this system will be changing gradually. The government’s goal is that by 2020 all landlords…

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SALES NEWS: Mortgage market improves as lenders cut rates to woo more buyers

17/02/17

The amount of money lent as mortgages last year across the whole of the UK hit £246 billion – that’s 12 per cent higher than in 2015, and the largest total for the past 10 years. In another sign that the housing market remains strong despite economic and political uncertainties, a spokesman for the Council of Mortgage Lenders says: “Approvals for house purchase have recovered strongly. The…

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LETTINGS NEWS: Government boost for rental sector – but few new rule changes

15/02/17

The government’s Housing White Paper says it wants to see renting promoted as a more attractive option for the public, and not treated as a second-class option. This is good news for existing landlords and others considering investing in buy to let for the first time. The White Paper confirmed that up to 30 per cent of households may be privately renting in the next 10 years…

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