Investors looking to purchase an investment property valued at the higher end of the stamp duty threshold could save thousands of pounds.
Barclays has launched residential and BTL purchase and remortgage products, include a 75% LTV 2-year residential-only tracker at 2.12%.
Reid will be responsible for leading MFS’ expanding team of sales executives and BDMs.
The research also showed that 35% of landlords had changed their view on the type of tenants they would find attractive in the future because of the pandemic.
The new co-chairs will take over from Kevin Carr and Roy McLoughlin, effective from 1 January 2021.
Phoebus Software has suggested that the government should allow for some leeway in terms of the end of the stamp duty holiday in March 2021.
The provisional seasonally adjusted estimate of UK residential transactions in September 2020 was 98,010, 21.3% higher than the figure recorded in August.
There is, I am sure, a more measured and professional way of saying this, but the stark fact of the matter is that the residential housing market in Scotland has gone nuts.
As of August 2020, the average property price across the UK stood at £239,196, representing a 0.7% rise month-on-month.
The rise in house prices, paired with the increase in mortgage applications, suggests that buyers and sellers are taking advantage of policies such as the stamp duty holiday.