It’s likely the Covid-19 crisis may not be as devastating as the aftermath of the global financial crisis, though it’s vital the government avoids policy missteps. That was the view of Neil Shearing, group chief economist of economic consultancy Capital Economics. Shearing noted how before the global financial crisis there was excessive credit growth, while […]
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SDL Auctions raised £20.7m in sales and sold 170 properties in July. After the stamp duty holiday was introduced buyers have saved nearly £75,000 on the tax collectively. Andrew Parker, auctioneer and managing director at SDL Auctions, said: “This live-streamed national property auction was a fitting finale to another highly successful month for our sellers taking […]
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Harlow and Reading have the best rental yields among commuter towns to London, analysis from lettings management platform Howsy has found. Annual rental yields stand at 4.6% in Harlow and 4.5% in Reading, while there are also strong yields in Luton (4.2%) and Crawley (4.2%). Yields are still strong within London however. Tower Hamlets offers […]
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Accord Mortgages have resumed lending to first-time landlords up to 75% LTV. Lending was paused in May due to the pandemic. Nicola Alvarez, corporate account manager, propositions at Accord Mortgages, said: “We’re pleased to once again offer our support to borrowers wanting to enter the buy-to-let market. “We know brokers have been limited over the […]
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Developer Berkeley Homes has partnered with Legal & General Affordable Homes to unveil 78 shared ownership homes at South Quay Plaza, situated moments from Canary Wharf. Situated within Hampton Tower at the new Foster + Partners-designed development, the studio, one and two bedroom apartments are available from £108,750 for a 25% share. The government-backed shared […]
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Payment technology company flatfair has unveiled Boost which allows landlords to add up to six weeks’ of damage protection on top of the maximum five weeks available through a traditional deposit for a small monthly subscription fee. Boost is priced at 1.5% of the monthly rental value plus VAT, and also enables landlords to recover […]
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Investec has agreed to provide a joint venture between Angelo Gordon and Hondo Enterprises with a £16.6m, 36 month facility for the acquisition and redevelopment of a former car park in Prime Central London into an office. On completion, 12-13 Wells Mews (pictured) will provide 22,800 sq ft of office space across six floors as […]
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Accreditation body safeagent has predicted that widespread evictions won’t happen once the ban ends on the 23rd August. In a survey of safeagent firms across England, 36% of firms said they didn’t believe any tenants would be evicted when the ban ends, while a further 57% said it would be less than 10%. When asked […]
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It seems Covid-19 may have changed the way people operate for good, ending the trend of our workforce being tethered to their desks. Last week’s report headed by overseas property expert Simon Conn appeared to suggest as such. It focused on young professionals looking to work remotely for UK companies from Europe before Brexit potentially […]
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A company called Boost is launching which plans to lend homebuyers part of a deposit and then share in the capital appreciation of the property. For example, if a buyer has a deposit worth 10% of the purchase price Boost will lend an additional 10%, meaning the buyer is able to take out an 80% […]
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