Burnley has seen more homes flipped in 2020 than in any other local authority in England and Wales, Hamptons International Research has revealed. In the Lancashire town 8.2% of all homes sold during 2020 so far had been bought within the preceding 12 months (i.e. flipped). It is the sixth year in a row that […]
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I was concerned to read that furloughed workers are increasingly struggling to get a mortgage. While taking on a new commitment like a mortgage does seem a bit reckless on furlough, you have to sympathise with existing mortgage holders unable to remortgage, who could be forced to remain with their existing lenders through no fault […]
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Kent Reliance for Intermediaries has expanded its HMO/MUFB proposition to consider properties up to 10 bedrooms/units. Rates are available from 3.75%, with LTVs up to 75% LTV to £3m on 1-6 bedrooms/units and up to 70% LTV to £1.5m on 7-10 bedroom/units. Kent Reliance is part of OneSavings Bank. Dawn Mirfin, group underwriting director at […]
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New build to rent brand Kooky has purchased 69 units in Mill Hill and Whetstone, investing over £33m in the London Borough of Barnet. Delivered by national housebuilder, Taylor Wimpey, Kooky has acquired 30 units within Millbrook Park, in the wider redevelopment of the former Army Barracks in Mill Hill, and a block of 39 […]
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Construction software company COINS has integrated with Yourkeys, a platform designed to accelerate the time to exchange. The partnership should mean it will be easier for home builders to review sales progress, as real-time customer information will be available within COINS – from digitally signed agreements to sales progress and reservation reports. Duane Wingell, managing […]
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Alpamint Capital, a London-based private investment, development and consulting company, has pledged to build 5,000 affordable homes in the capital over the next decade. The company has specifically earmarked airspace development, whereby unused space on rooftops of existing buildings is converted into new properties, as a key technique in realising its ambitions. It is now […]
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Some 31% of overseas investors said that real estate and construction would drive UK growth in the future, up from 10% in 2019 – the highest increase of any sector. Real estate and construction is now in the top-three most attractive sectors, behind only digital (seen as driving future UK growth by 50%) and health […]
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James Liddiment is managing director of real estate advisory group, Duff & Phelps Tenants, particularly those operating in the leisure and hospitality industry, will have welcomed the announcement on September 16 confirming the COVID-19 forfeiture moratorium will now run until the end of 2020. The extension was no great surprise, with increasing local lockdowns and […]
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The speed of the UK’s economic recovery from coronavirus fell behind the global benchmark in October for the first time since June 2020, the Lloyds Bank UK Recovery Tracker found. Real estate (52.4%) dropped below the benchmark in October, along with beverages and food (43.5), household goods (45), technology equipment (52.7), chemicals (51.9), real estate […]
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Legal & General Capital (LGC) has launched a Suburban Build to Rent (SBTR) business, which will develop large scale ‘single family’ rental communities across the UK. The housing arm will partner with UK housebuilders and undertake a direct delivery programme to bring forward in excess of 1,000 homes each year from 2024. Nigel Wilson, chief […]
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