Mears extends housing development presence in Scotland


Mears New Homes has signed a £2.8m contract with North Lanarkshire Council to build a scheme of 16 dwellings at Plains Village in Airdrie, Lanarkshire. When finished, the scheme will consist of six different house types, including amenity bungalows, one and two bedroomed flat and houses and three and four bedroom houses. The building is […]

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Housing supply falls in October


The supply of available properties fell slightly to 39 in in October, the lowest amount since June, the NAEA Propertymark’s October Housing Report has found. They fell slightly from 40 in September. Mark Hayward, chief executive, NAEA Propertymark, said: “Brexit is undoubtedly causing uncertainty in the housing market, which in turn affects sentiment and decision-making. […]

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L&G Mortgage Club sets record high for completions


L&G Mortgage Club achieved £7.5bn in mortgage completions in October, the highest in its history. The previous record of £7.1bn was set in October 2018. In the year to October lending facilitated by the club reached £64.3bn, an increase of 6% year-on-year. Kevin Roberts, director of Legal & General Mortgage Club, said: “We are in […]

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UK Finance: Lending down but approvals up


Gross mortgage lending fell by 0.9% in October 2019 year-on-year, but approvals rose by 3% to give a mixed picture of the market. UK Finance data shows there was £25.5bn of mortgage lending in October 2019. Mark Harris, chief executive of mortgage broker SPF Private Clients, said: “As we head towards the end of the […]

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Movebubble partners with Blackfinch


Renting app Movebubble has partnered with investment company Blackfinch, as it looks to expand in 2020. Blackfinch is said to have made “a considerable contribution” into the business. In 2019 Movebubble launched in Manchester, adding Build to Rent deveopers to its platform. It plans to expand to other cities next year. Dr Reuben Wilcock, ventures […]

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Brexit resulting in buy-to-let bargains for expats


The UK buy-to-let market is now more attractive to expat and overseas buyers owing to the Brexit effect, mortgage broker Offshoreonline.org has argued. Since the Brexit referendum in 2016, the rate of price increase in the UK housing market has fallen from 8.2% per annum in June 2016 to 1.3% in September 2019. Combined with […]

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The Conservative Party’s housing policies summarised


The Conservative Party manifesto has launched, with the catchphrase “get Brexit done” printed at the top. Focusing on property however, here’s what the manifesto is proposing: • Introduce long-term fixed rate mortgages. More • Charge non-UK residents a stamp duty surcharge. More • Abolish ‘no fault’ evictions – aka get rid of Section 21. • […]

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Aberdeen ‘the best place to live in the UK’


Aberdeen has been rated the best place to live in the UK, based on job opportunities, average salary and house price affordability, analysis from Adzuna has revealed. Other strong areas are Preston, Newport, Liverpool and Carlisle. The most affordable spot for renters is Hull, where under 17% of renters’ salary goes towards paying rent. Andrew […]

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Overseas buyers could face 3% stamp duty surcharge


The Conservative Party has pledged to charge overseas buyers a stamp duty surcharge of 3% – much to the surprise of the property industry. A year ago it was proposed that foreign buyers would be charged an extra 1%. Vadim Toader, founder and chief executive of Proportunity, a fintech start up offering Help to Buy-style […]

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Edinburgh’s commercial real estate sector is still hampered by Brexit risk


Graeme Pollock (pictured) is director and head of east agency at the Edinburgh commercial department of DM Hall Chartered Surveyors. Like Banquo’s ghost, the spectre of endless Brexit hangs over the commercial property market in Edinburgh and its immediate hinterland and, until it is banished, the feasting will necessarily remain subdued. There has certainly been […]

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