Ssassy Property and Triodos Bank UK have unveiled a £5.5m financing package for Ssassy’s Springfield Meadows project. Springfield Meadows is a zero-carbon project on schedule for completion in mid-2021. Paddy Thompson, chief finance officer at Ssassy Property, said: “This new funding package is great news for Ssassy and our other investors. “Both businesses have shared […]
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The Chancellor should ensure any government-backed fund to make all UK housing blocks safe following the Grenfell tragedy tackles the issue of rendered insulation as well as cladding. That is according to David Westgate, group chief executive at Andrews Property Group. Westgate said: “Based on our own recent experience, the cladding issues we are seeing […]
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Barratt’s Homes initial 21 plots in the Vale of Glamorgan have been purchased. Sycamore Chase is a new development in the village of St Athan in the heart of the Vale of Glamorgan. The homes are minutes away from the Welsh coast. The development has schools nearby and transport links.
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Many within the property industry are hoping the government will backtrack on its strategy of increasingly taxing landlords in next week’s Budget on March 11. Next week’s Budget is the first for Boris Johnson and new Chancellor Rishi Sunak, after Sajid Javid resigned last month. Asaf Navot, chief executive of London prop-tech lettings company, Home […]
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London Mayor Sadiq Khan has proposed introducing rent controls as part of his re-election campaign. Khan vowed to push Prime Minister Boris Johnson to allow him to impose rent controls on landlords in the city. Khan said: “The case for rent controls is now absolutely undeniable. But Tory ministers have blocked us from introducing our […]
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Fintech mortgage broker Trussle has appointed Ian Larkin as chief executive. Larkin was chief executive of Target Group for five years, while he previously held senior roles at Lloyds, Virgin Money, and McKinsey and Accenture. The company’s founding chief executive Ishaan Malhi suddenly resigned in January. Larkin said: “The home ownership journey is one of […]
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Newcastle is the best place for buyers to purchase their first home in the UK, Mojo Mortgages research indicates. This is based on the monthly mortgage cost in comparison to an area’s average income. Other good areas are Aberdeen, Belfast, Stoke-on-Trent and Hull. The price per square metre in Newcastle is £1,650, making it cheaper […]
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Property management company Hostmaker has fallen into administration, with its staff facing potential redundancies. Hostmaker was launched in 2014 by husband and wife duo Nakul and Deepti Sharma, while it raised £23m over the course of two funding rounds. However it recorded a loss of £14.3m in 2018. The company’s client base has been purchased […]
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Despite falling yields in the city 82% of Londoners think buy-to-let would be a good investment. Uncertainty due to Brexit (33%) and increased tax and stamp duty rates (38%) are the main reasons Londoners are put off investing. The research comes from Perrys Chartered Accountants. Donna McCreadie, a buy-to-let tax specialist at Perrys, said: “Buy-to-let […]
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Some letting agents appear to be breaching the Tenant Fees Act introduced in June 2019 by charging fees. An investigation from i detailed the case of Georgie Laming and Sorana Vieru, who were charged a £170 checkout fee when vacating their property, despite having renewed the contract after the ban took place. After Vieru pointed […]
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