Commercial tenants in the UK have paid 50% of rent as of October 6th, up from 22.1% a week ago. Retail properties have seen a strong rebound, with rent collection jumping from 12.7% to a steady 51%, a 11% uplift on the same point in the rent cycle for the June quarter. Tom Wallace, Re-Leased’s […]
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Investec is providing investment management firm Fairway Capital with a £34.5m loan for the acquisition and redevelopment of nine luxury homes in Prime Central London. Fairway Capital closed an initial equity raise of £80m via the Fairway Capital Property Fund in July 2020, and is seeking to amass a portfolio of Prime Central London homes […]
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Airbnb has agreed to provide HMRC with details of its hosts’ income, which may lead to a growth in tax investigations, according to London accountancy firm, Grunberg & Co. In its accounts to 31 December 2019 Airbnb provided a statement saying it would share data with the tax authority on hosts’ income in the financial […]
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Boris Johnson is looking to launch a 95% mortgage scheme where normal stress test rules don’t apply. Reportedly the scheme would introduce “a form of state guarantee” to lenders to lower the risk of the loans. The Prime Minister spoke to The Telegraph before the Conservative party’s virtual conference this weekend. Johnson said: “I think […]
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Boris Johnson’s proposal of introducing a 5% deposit mortgage scheme where normal stress test rules don’t apply could result in people acquiring unsustainable debt. That was the view of David Alexander, joint managing director of Apropos, the property management company. Alexander said: “The proposal by the Prime Minister to offer a 5% deposit mortgage scheme […]
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Construction output increased in September, leading to the Federation of Master Builders saying this could result in increased employment opportunities. The IHS Markit/CIPS UK Construction Total Activity Index registered 56.8 in September, up from 54.6 in August. Any figure above 50.0 indicates growth of total construction output. Brian Berry, chief executive of the FMB, said: […]
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Over half (51%) of private renters in England say their home has made them feel safe during the pandemic, Shelter research has found. A third (35%) live in poor conditions, with electrical hazards, pests or damp-related issues in their home. Meanwhile 43% reckon they pay too much for the quality of home they have. Mary-Anne […]
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The average void period for the UK held steady at 20 days during September. Greater London, the North East, West Midlands and South West all saw small reductions in void periods. The smallest average void time can now be found in the North East – at just 12 days. However, small increases in void periods […]
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People downsizing by a bedroom typically save the most in London, averaging a saving of £417,881, PensionBee research shows. Coming in second was Brighton and Hove, with a saving of £156,636, while in third was Bristol, at £148,609. The research analysed the price gap between 1, 2, 3, 4 and 5 bedroom homes in areas […]
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Some 30% of those who previously thought they would move to a city centre now want to live in the suburbs or towns and villages. What is more, PwC research found that 19% of those who previously thought they’d move to the suburbs now think they’ll move to a town or village. Some 20% of […]
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