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th April 2021 1:01 pm
The average price of a holiday home has increased by 12% in the past six months according to mortgage applications to Hodge.
Average purchase prices have risen from £387,993 in October to £435,476 in March 2021.
The lender says it has also seen a 30% jump in holiday let mortgage applications over the same time.
Previous research from Hodge found that the most popular destination for holiday home buyers was the South West for 39%, followed by Wales for 19% and the North West for 12% of mortgage applicants.
Hodge business development director Emma Graham says: “It is not surprising that the popularity of our holiday let mortgage products continue to grow at pace.
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Influencer & Social Media Administration Assistant (Casual)
MGMT.exe (MGMT EXE PTY LTD)/Casual / Contract / Temp / Vacation
NSW
Who is MGMT.exe
MGMT.exe is an influencer management agency based in Australia. MGMT.exe has a strong focus on video gaming talent, working with some of the biggest channels in Australia (multiple 1M+ subscribed YouTube channels). Additionally, we also represent channels based in the UK, Canada, and the USA. We specialise in sourcing branded content, merchandising, content direction & staffing coordination for our talent.
MGMT.exe is co-owned by Emma Graham (5+ years of managing influencers) and Kathleen Belsten (aka Loserfruit – one of the biggest gaming influencers in Australia).
It has also removed its maximum purchase price, previously £2m, across its range of specialist mortgage products.
Emma Graham, business development director at Hodge, said: “We continue to see an increase in demand for larger loans across both our over-50s and holiday let product ranges and these changes will provide more flexibility and choice for clients across these specialist markets.
“This is a significant update for Hodge as it’s a move towards us operating at normal levels.
“Along with the rest of the market, we had to review all of our products during the height of the pandemic to ensure that we were lending responsibly to protect our customers.”