Residential mortgage rates fell over the course of 2019 in the two, three and five year fixed rate categories, Mortgage Brain data shows. The cost of a 60% LTV five year fixe, for example is now 5.7% lower than it was this time last year, while a 60% LTV two year fixed is now 4.1% […]
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Housebuilder Barratt Developments has constructed 720 new homes in the Southampton region in the last 12 months, The company said it has also brought more than £45m to local communities. This includes spending £26m on physical works to improve highways, local outdoor spaces and community facilities, £11.6m through spending in shops and services, and £6.9% […]
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The Property Franchise Group’s shares have soared on the London Stock Exchange after the company announced that it had set up a “buy and build” financial services division. The company share price peaked at 216.00 GBX yesterday, rising by nearly 9% from 198.40 GBX on Monday, which clearly underlines the value placed in financial services. […]
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There are no signs of a New Year ‘Boris bounce’ in housing instructions or asking prices, the TwentyCi Property & Homemover Report for Q4 2019 said. However the report speculated whether things could shift for those in the ‘middle England, middle income’ category. If this area rebounded the company said there could be a significant […]
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The Property Franchise Group has launched a financial services division with a pledge to “buy and build”, by acquiring financial services businesses with direct FCA authorisation. Mark Graves, who is an income protection insurance expert, has been appointed as financial services director, a non-board position at the group. The group has acquired a 72.25% stake […]
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Housebuilder Avant Homes has appointed Mark Phelan as group customer experience director. Phelan, who previously worked at Keepmoat Homes, will explore ways to improve the housebuilder’s processes and systems. He said: “It’s hugely exciting to become part of a company that has outstanding customer service at the heart of its business and has a culture […]
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InterBay Commercial, part of OneSavings Bank, has completed a complex portfolio transfer in a £7m remortgage case. The lender was approached by Brightstar Financial, on behalf of a client seeking to refinance and raise capital on their total portfolio. The portfolio included a variety of residential investment property types, including flats, houses, HMOs and small and […]
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Anwyl Homes Lancashire has submitted a reserved matters planning application to Wyre Borough Council for a residential development in Barton near Preston. The housebuilder has exchanged contracts on a 9.3 acre parcel of land that fronts onto Garstang Road, the main A6 road that connects Preston and Lancaster, and is proposing to build 72 high […]
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Some 43% of construction businesses are confident about business growth after Brexit, negotiation and communication firm Huthwaite has revealed. Surprisingly 27% think the process of exiting the EU is currently having a positive impact on their business, with 22% thinking it hasn’t had any impact. Tony Hughes, chief executive at Huthwaite International said: “The UK […]
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The government will lift the freeze on Local Housing Allowance rates, meaning the amount of housing benefit received is set to rise by £10 per month on average. Rates will rise in line with the Consumer Price Index, which is currently around 1.5%. Will Quince, parliamentary under secretary of state for welfare delivery, said in […]
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