Demand for outdoor space is likely to be at a premium after the lockdown, according to the Q1 rental index from Belvoir. People are seeking houses more than flats, as compared to Q4 2019 Belvoir offices saw static rents on 50% of houses and an increase on 44%. Dorian Gonsalves, chief executive of Belvoir, said: […]
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Shakespeare Martineau is now working with online and hybrid agency Purplebricks. Led by Ed Wright, a partner in the firm’s commercial team, Shakespeare Martineau will be advising Purplebricks across multiple disciplines and services. This includes claims, commercial litigation, reviewing letting terms and tenancy agreements, and supporting agents in drafting contracts for specialist lettings, such as […]
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Buy-to-let is currently a stable investment choice compared to commercial, offering a typical yield of 5%, research from Sourced Capital shows. The peer-to-peer lending platform looked at the average annual return on £500,000 across buy-to-let and commercial markets – a typical buy-to-let would return you £153,480 over five years based on its calculations. The North […]
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U+I and Transport for London (TfL) are delivering a mixed-use development on Southwark Street after being given the go-ahead by the London Borough of Southwark. The site, near London Bridge and Borough Market, is set to be developed into 36 homes, of which 12 will be available for social rent. There will also be 200 […]
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The Intermediary Mortgage Lender Association has reassured potential residential buyers that 90% LTV mortgage lending will return. Lenders, including Virgin Money, have pulled their 90% LTV range after apparently receiving too much demand. Kate Davies, executive director of the Intermediary Mortgage Lenders Association, said: “There is a particularly high level of demand in the market […]
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United Trust Bank is funding a Hawkfield Homes project to provide 22 homes in the Gloucestershire town of Wotton-under-edge. The redevelopment will see Hawkfield Homes demolish the existing buildings at Dryleaze Court and construct 10 four bedroom semi-detached and 12 two bedroom semi-detached and terraced contemporary homes. The new homes should be eligible for ‘Help […]
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Landlords have made substantial profits in the past decade, as today’s Hamptons International research highlights. The study reveals that investors who sold their property in 2019 typically made capital gains of £78,100 after holding onto the home for just over nine years. This follows talk that landlords should exit the market following a se… This […]
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The Nottingham reintroduced its self-build mortgage range today, offering two 80% LTV products. Self-builders can take out a 2-year fix at 4.49% or a 2-year discount variable at 3.99%, both with a £1,499 fee. Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “Bringing back self-build mortgages is the latest stage of our phased […]
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Landlords who sold properties in 2019 typically owned the home for 9.1 years and sold it for £78,100 more than they paid for it. People selling in London made the biggest gains, with the average London landlord making £253,580, over 20 times that of a seller in the North East (£11,710). Research from Hamptons International […]
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Westminster City Council has granted planning permission for 55 Broadway to be transformed into a luxury hotel, under the ownership of Blue Orchid Hotels, part of the Integrity International Group. Blue Orchid had presented proposals to restore and change the use of the Grade I listed 55 Broadway Complex, which includes 55 Broadway, 100 Petty […]
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