Property prices for first-time buyers in the UK have increased by 69% in the past decade, with the average price rising from £142,473 in 2010 to £241,025 today, according to the latest data from Halifax. In London, the average first-time buyer property has nearly doubled in price (up 98%) to £463,536, with prices in the […]
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Senior business decision makers expect COVID-19 to result in more businesses downsizing to smaller offer spaces over the coming 12 months, research by Accumulate Capital has revealed. An independent survey of more than 500 senior decision-makers at companies found that 73% expect businesses to downsize as a result of the coronavirus pandemic. Paul Howells, chief […]
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The Dundee Waterfront is the top area for landlords wanting to invest in cities with government infrastructure spending, Howsy analysis shows. Investors around the £1bn Dundee development benefit from a rental yield of 7.2%, as the typical price is £146,000 and current rents stand at £881 per month. Liverpool Ten Streets is the second best […]
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Hope Capital has launched the ‘Seventies Collection’, which comprises of two bridging loan products available for seven weeks. The HOPE 70 bridging product offers the lender’s lowest non-discounted rate of 0.70% per month, and the HOPE 75 provides its highest LTV of 75%. Gary Bailey, managing director of Hope Capital, said: “We have seen a […]
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The Mayor of London has written to more than 40 London landlords to demand they begin work to remove dangerous aluminium composite materials (ACM) cladding immediately. In a letter to building owners who have had funding applications approved but are yet to start remediation work, Sadiq Khan has urged them to ‘take all the necessary […]
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Zoopla has seen the number of agent branches and new homes sites currently subscribed to the portal rise by 2% year-on-year. The annual growth follows a £30m investment that Zoopla made in the industry at the start of lockdown, waiving fees to agents for between five and nine months. Along with an increase in customer […]
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England is trailing the rest of the UK in regards to support for renters and landlords, according to the National Residential Landlords Association (NRLA). This claim follows news that the Scottish Government has developed an interest-free, hardship loan scheme to support renters to pay-off COVID related rent arrears. Chris Norris, policy director at the NRLA, […]
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National Federation of Builders has launched a construction training service for members, taking place online and face-to-face. Richard Beresford, chief executive of the National Federation of Builders (NFB), said: “The launch of NFB’s new training provision is another example of the improvements the team continuously make to add value to members. “The new training includes […]
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Parents face a 78% premium to live near an Ofsted rated ‘outstanding’ state secondary school, Trussle analysis of Zoopla data shows. Homes in postcodes with ‘outstanding’ schools had an average price of £446,919, £195,919 above the ONS average English house price of £251,000 Miles Robinson, head of mortgages at Trussle, said: “Recent reports suggest that […]
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The average rent in the UK is now £985, having risen by 2.1% on last month and 1.5% on last year, HomeLet’s rental index has found. Rents rose annually to August in nearly every region, as they increased by 5.5% across the South West to £899. However London rents fell by 2.1% year-on-year to £1,611. […]
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