Gatehouse Bank has sold its Thistle Build to Rent property portfolio to Goldman Sachs Merchant Banking Division and Pitmore for circa £150m. The deal comprises a portfolio of 918 units across 15 sites, predominantly two-and-three-bedroom homes across North-West England in Greater Manchester and Liverpool. Charles Haresnape, chief executive of Gatehouse Bank, said: “Thistle has not […]
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The tenant eviction ban has been extended until at least the 21st January, following the latest lockdown. The ban was due to end today. Oli Sherlock, head of insurance at lettings experts Goodlord, said: “The government’s motives here are completely understandable and it’s vital we continue to support tenants during this latest phase of restrictions. […]
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The government last week announced that leaseholders will be given the right to extend their lease by 990 years at zero ground rent. This is the result of years of controversies around escalating ground rents – some contracts saw ground rents double every 10 years, which certainly adds up. The principle of leaseholders contributing funds […]
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Countrywide Surveying Services (CSS) has appointed John Baguley as director of risk and compliance. Baguley has joined from the Royal Institution of Chartered Surveyors (RICS), where he held the position of tangible assets valuation director and assumed the responsibility for residential and commercial valuation standards in the UK and Europe. Matthew Cumber, managing director of […]
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The busiest day of the year was Friday 18th December, home move comparison site reallymoving has revealed. Usually the busiest day is the last Friday of August, but the lockdown and the stamp duty holiday has shifted things. Every Friday in December apart from Christmas Day (4th, 11th and 18th December) were all among the […]
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Bristol was the hottest home selling spot in the UK during the final quarter of 2020, where 71.4% of homes listed on major portals were under offer or sold subject to contract. GetAgent.co.uk also found that demand was strong in Glasgow (70.3%), Sheffield (69.5%) and Leeds (64.3%). Demand was lowest in Aberdeen (12.7%), Bournemouth (17.9%) […]
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Sean Woolley is the founder and director of leading real estate agency Cloud Nine Spain As long as the sun continues to shine, the area of Southern Spain, and especially the Costa del Sol, will always have the ability to cast a spell on Northern Europeans who are becoming increasingly depressed with long harsh winters […]
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Leaseholders will be given the right to extend their lease by 990 years at zero ground rent, Housing Secretary Robert Jenrick announced. This will impact 4.5 million people, who will no longer have to pay any ground rents to freeholders. Escalating leasehold ground rents has been a controversial subject for some time, which means homeowners […]
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Online mortgage platform Haysto has partnered with specialist mortgage lender, Kensington Mortgages. Haysto’s platform exclusively focuses on the specialist mortgage market, while Kensington is a long-standing specialist lender. Paul Coss, co-founder of Haysto, said: “The reason I co-founded Haysto is because I’m a specialist mortgage broker by trade and have made hundreds of mortgages possible […]
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Detached homes saw the highest rate of annual house price growth of all property types in most regions of the UK last year, research from property portal OpenBrix has found. After the property market reopened following the initial national lockdown, UK buyers scrambled to buy bigger homes with more outdoor space. The value of detached […]
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