New York is the city with the top real estate value in the US, valued at $2.8 trillion, Lending Tree research shows. In New York City typical homes are valued at $501,000, Coming in second is Los Angeles at $2.3 trillion, while homes are even pricier at $668,000. Meanwhile in third place is San Francisco, […]
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Newcastle Intermediaries has reinstated its buy-to-let purchase and remortgage products to 75% LTV. Newcastle’s 2-year fixes start from 2.46% with no product fees, while its 5-year fixes start from 2.49% with a £999 fee. Across its residential range the lender is now also offering purchase products to 80% LTV. Last week also saw Nottingham for […]
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Two construction bodies have backed the Royal Institute of Chartered Surveyors’ (RICS) Conflict Avoidance Pledge (CAP), which is aimed at rapidly resolving contractual disputes caused by measures to protect against COVID-19. The National Federation of Builders (NFB) and the Scottish Building Federation (SBF) have both signed the pledge, while they will encourage members to consider […]
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The COVID-19 flare-up in Leicester and subsequent lockdown should act as a warning to the agents up and down the country to move cautiously. That was the message from Iain McKenzie, chief executive of The Guild of Property Professionals, a network of independent agents. He said: “The lockdown in Leicester is a reminder to all […]
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Plans have been submitted to repair and enhance South Kensington Tube station buildings and the surrounding streets, providing new homes, workspace, shops, and step-free access to the Circle & District lines. The plans, submitted by Native Land and Transport for London, follow consultation with local residents and other key stakeholders, including three public exhibitions as […]
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Building three million new homes and turning the UK into a zero-carbon economy is a contradiction, said tax and advisory firm Blick Rothenberg, Alex Altmann, a partner at the firm, was responding to Prime Minister Boris Johnson’s pledge to ‘build, build, build’ on Tuesday. He said: “Reforming the planning system and investing in house building […]
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Investec Structured Property Finance has provided purpose-built student accommodation (PBSA) provider Scape with a £17.5m senior loan to fund the acquisition and development of its Thanet Street scheme in Bloomsbury, London WC1. The project will see the refurbishment of the existing property to deliver 60 self-contained studio units. Amenities will include a large break-out reception […]
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The student housing division of Glasgow-based property developer London & Scottish Property Investment Management (LSPIM) has sold its first two luxury student property developments in Sheffield and Leeds for £90m. LSPIM developed and sold the properties, which currently provide homes for over 700 students, on behalf of a US-based private investor. The properties were marketed […]
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Two in five (40%) homeowners would prioritise space for a home office if they were searching for a new home, a survey from the Home Builders Federation has found. Some 55% of people now value their home space more than ever due to the lockdown. Almost a quarter of people (22%) aged 25-34 revealed that […]
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The courts will hear repossession cases again from the 24th August, a government minister has confirmed. From then “the courts will begin to process possession cases again”, said Lord Greenhalgh, a minister at the Ministry for Housing, Communities and Local Government. Evictions will have been banned for five months by this time. David Cox, chief […]
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