Halifax and Virgin Money are both launching 90% LTV mortgages. The products from Halifax are launching on 8 December and will initially be limited to just first-time buyers and non-new build properties. Virgin Money has launched a 90% loan-to-value 5-year fix today at 3.69% with a £995 fee. At the same time however, the lender […]
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The Mayor of London Sadiq Khan has approved Hammerson and Ballymore’s plans to transform the Bishopsgate Goodsyard site into a mixed-use urban quarter. The plans will provide 500 new homes, of which 50% will be affordable, an elevated public park, and 1.4 million sq ft of workspace, including one of the largest single contributions of […]
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The retail domino effect that is costing thousands of jobs needs to be stopped before it costs even more livelihoods, said tax and advisory firm Blick Rothenberg. Mark Cunningham, a director at the firm, said: “With Debenhams going into liquidation and Arcadia going under the government not only needs to step in and support staff […]
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London boroughs accounted for a third of all new affordable local authority housing in England between April 2019 and March 2020, government data shows. This represents an increase from a quarter in the proceeding four years. The number of social rent units started in 2019-20 increased by 19 per cent compared to 2018-19. However in […]
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Rents in the South West of England have risen by 8.6% year-on-year, research from the HomeLet rental index shows. Following the rise the typical rental cost is £910 a month. Other regions with strong increases are the East Midlands (7.3%), Wales (6.8) and the North West (6.2%). However rents fell by -4.4 in Greater London, […]
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In London’s Maida Vale 38% of stock above £3m has reduced its asking price, suggesting that high net worth buyers could grab a bargain in the area. Meanwhile 31% of properties above £3m were reduced in Hampstead, St James’s and Pimlico. At the other end of the spectrum, just 6% of properties above £3m in […]
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Some 58% of prospective buyers have been able to save more money for a deposit since the start of the pandemic. However 41% think buying is more competitive than it was before Covid-19. The research comes from MyHome.ie, a property portal based in the Republic of Ireland. Angela Keegan, managing director of MyHome.ie, said: “These […]
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Coadjute, the blockchain network for the UK property market, has received funding from US venture fund Collab+Currency. Coadjute claims that its technology can double the speed of UK property sales by connecting all the parties involved in property transactions – like estate agents, conveyancers, banks, brokers and surveyors. Dan Salmons, chief executive of the company, […]
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Ilija Ugrinic is UK market director at Proactis Let’s face it: an orthodox 9-5 in the office is a thing of the past. Recent research suggests only one in eight workers wants to return to their office full time1. While this is a natural shift for workers, it is a seismic shift for commercial property […]
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The pandemic is driving more letting agents out of business, affecting not only them, but potentially landlords and tenants who aren’t signed up with money protection schemes. Since the pandemic started (from mid-March to mid-July), there has been a 66% increase in letting agents ending their redress membership because they have ceased trading, compared to […]
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