Rightmove has seen a rise in enquiries about seaside property, both from those who want to buy a second home or move there full-time. Rightmove’s director Miles Shipside felt that being in lockdown has given many home-hunters time to reassess what they want from their next move – and for some they’d clearly like sea […]
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Bidwelll has called for more infrastructure investment into the Oxford-Cambridge Arc – a stretch of land between Oxford and Cambridge via Milton Keynes. A report, ‘Oxford-Cambridge Arc Beyond the Covid-19 Crisis’ from Bidwells, said the Arc could represent 11% of the UK’s Gross Value Added by 2050, up from 6% today, due to its status […]
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MCI Mortgage Club has appointed Zephyr Homeloans to its panel of specialist lenders for buy-to-let products. Zephyr supports a product range tailored for individual landlords and limited companies, including HMOs, multi-unit freehold blocks, flats above commercial premises and ex-local authority properties. Melanie Spencer, head of MCI Club, said: “The rental market continues to be an […]
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Plymouth is the most renter-friendly city due to its low unemployment rate of 2.8%, and its low crime levels (59.4 cases per 1,000 people) and affordable rents, research from Insulation Express has found. Only 32% of the average renter’s income is spent on rent – making it easier to save for a deposit. In terms […]
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CapitalRise has advanced a £2.54m senior loan for the acquisition and development of a property within a period Chelsea townhouse. The property is being developed by Wilben Developments, a Prime Central London developer that has delivered around £170m of prime residential schemes to date. This acquisition and development loan was moved from commitment to completion […]
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More than half of prospective homeowners have changed their priorities since the beginning of the coronavirus lockdown. Following a survey of over 2,000 buyers and renters, it has been revealed 86% of those surveyed who intended to move before the crisis still expect to do so according to Annabel Dixon at Zoopla. In addition, 94% […]
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Sean Randall, partner at tax and advisory firm Blick Rothenberg, has launched a scathing attack on the stamp duty holiday set to be announced this week. The minimum threshold for the tax could be temporarily raised to between £300,000 and £500,000 if reports are to be believed. Randall said: “First, who would choose to buy […]
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Conveyancing firm O’Neill Patient LLP (ONP) has recorded a significant increase in enquiries, instructions and completions in June year-on-year. The figures provide evidence of a market rebounding strongly from the damage caused by Covid-19. Adam Forshaw, managing director of ONP, said: “Against the backdrop of the coronavirus outbreak, this strong performance is evidence of the […]
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Mayor of London Sadiq Khan has called for the government to commit £5bn to London’s housing sector. Ahead of today’s economic statement from Chancellor Rishi Sunak, the Mayor (pictured) said a £5bn emergency investment package would keep London building, protect construction jobs in the capital, and increase the supply of new social homes. Khan said: […]
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Chancellor Rishi Sunak is expected to announce a temporary increase to the stamp duty threshold after news on the subject was leaked to the press. Currently stamp duty is charged at a rate of 2% between $125,000 and £250,000, as well as 5% between £250,000 and £925,000. The new threshold could be raised to start […]
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