Professionals at surveyor firm DM Hall reckon more people in Scotland are exiting the cities in search of new space. While there’s been pent-up demand in cities such as Edinburgh for a number of years now, there has– since lockdown ended on June 29 – been an increase in supply. Andrew Milne, residential partner in […]
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Challenger lender Glenhawk has appointed Andrew Townsend (pictured, left) as chief financial officer and Ryan Benton (pictured, right) as finance director. Glenhawk originated £232m of new loan enquiries in July and August, including a record £178m in the latter. Guy Harrington, chief executive officer, said: “Despite the market volatility caused by the Coronavirus pandemic, we […]
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Ipswich Building Society has relaunched its buy-to-let range, as it now offers a 2-year discount rate at 2.99% to 80% LTV with £1,149 in fees. For expats there is also buy-to-let 2-year discount at 2.99% and a 5-year fix at 3.80% to 80% LTV. Both products come with an application fee of £199 and a […]
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Late 19th century pub Llwyncelyn Hotel in Porth, Rhondda Cynon Taff, has sold for £249,000 to Daniel Cox, who plans to run the business as a hands-on owner. The hotel hosts live music, and is known for its food, drink and entertainment like darts and pool games. The sale was arranged by business property adviser, […]
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McKay Securities has sold 30 Lombard Street in the City of London to German institutional fund REInvest for £76.5m. This reflects a net initial yield of 4.16% and a capital value of £1,308 per square feet. McKay acquired the long leasehold interest of 30 Lombard Street in 1999 with a multi-let 1960’s office building. Redevelopment […]
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Ipswich Building Society has reintroduced a selection of standard residential, buy-to-let (including expat buy-to-let), holiday let and £1m plus mortgages. The reintroduced ranges includes residential deals at 85% loan-to-value (LTV), as well as reinstating lending on properties worth over £1m, subject to maximum LTV and loan size. This news comes following the society withdrawing a […]
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First-time buyers have been “thrown a lifeline” from the shared ownership expansion unveiled by the UK Government according to reallymoving, a service providing instant quotes for home moving services. From April 2021, the minimum share for those purchasing homes through shared ownership will be reduced by more than half, from 25% to 10% in hopes […]
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After spending months inside due to the pandemic there will be increased deand for homes with gardens in the next few years. That’s according to 83% of RICS agents. Enquiries, sales and new instructions increased in August, according to a net 63% of contributors. This is down from 75% the month before but is still […]
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Cloud-based software Arthur, which enables property managers, landlords and agencies to connect and control their property portfolio anytime, has unveiled tenant functions the Covid Profile and Vulnerability Profile. The functions will provide tenants with an accessible platform to inform property managers of any health or well-being related issues that should be considered when scheduling viewings […]
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Sharman Quinney, an estate agency network with 20 branches across Cambridgeshire, Lincolnshire, Northamptonshire and Rutland, saw an 88% increase in sales in August year-on-year. Almost nine out of 10 of the transactions are subject to no stamp duty, owing to the holiday. Mike Sharman, Sharman Quinney managing director, said: “Whilst trading was expected to return […]
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