John Gallacher is a consultant in the Commercial Real Estate division at law firm Morton Fraser As businesses emerge from lockdown into whatever normality looks like, we may start to see an increasing use of company voluntary arrangements (“CVAs”) to try to improve balance sheet deficits amongst landlords. Having been at the sharp end of […]
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The Southampton division of Barratt and David Wilson Homes will re-open its construction sites on 11th May, ready for the re-introduction of contractors on 18th May. Some 12 sites across Dorset, West Sussex, Hampshire and the Isle of Wight will be re-opened, including Hawthorn meadows and St George’s Gate on the Isle of Wight, Saxon […]
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A notorious farm in Bacup, Lancashire, which made national headlines after animals were found living in squalor is being sold by SDL Auctions. The current occupier of Trice Barn Farm, off Bacup Old Road, was served notice to vacate last year but is still living there, making it impossible to view the farm. Despite this […]
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OneSavings Bank is now offering residential and buy-to-let lending up to 70% loan-to-value through its Kent Reliance and Precise Mortgages brands. Yesterday its other brand, InterBay Commercial, launched a range of semi-commercial products up to 60% LTV and buy-to-let products up to 70% LTV. Precise and Kent Reliance enable lend on properties valued up to […]
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The United Nations has accused a corporate landlord with more than 2,000 UK properties of breaching tenants’ international human rights. Leilani Farha, UN Special Rapporteur on the right to housing, said the firm is creating a hostile environment for tenants by overseeing degrading housing conditions, hiking rents and threatening eviction. Akelius Residential is a Sweden-headquartered […]
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Catherine Cortez is an architect and interior designer Working from home tends to be the most preferred way of working in the recent past probably because of the better work-life balance it provides. Not having to deal with stressful commutes, having flexible working hours, as well as working in your own personal space has a […]
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Masthaven Bank has appointed Leigh Bartlett as chief executive, with previous CEO and founder Andrew Bloom stepping down to a non-executive director role. Bartlett has been promoted from chief financial officer. She first joined the bank from technology company FNZ in May 2019, while she has previously held CFO positions at Williams & Glyn, Westpac […]
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More than 69,000 Bounce Back Loans worth over £2bn have been approved during the first 24 hours of the scheme. The seven largest lenders (Barclays, Danske, HSBC, Lloyds, RBS, Santander and Virgin Money) received more than 130,000 applications on the first day of the scheme, which launched on Monday. Chancellor Rishi Sunak said: “Small businesses will […]
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Over half (52.9%) of landlords aren’t considering applying for the Scottish government’s interest free loan, a survey from Edinburgh estate agent Portolio found. Despite this stat almost a third of landlords would struggle to pay their buy-to-let mortgage if their tenants could not pay rent. Ross Macdonald, co-founder of Portolio, said: “We discovered that over […]
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The COVID-19 pandemic has had its benefits for the property industry and up-and-coming companies according to Luke Smith, director of development and investment consultancy Avory Smith. Smith reckoned the pandemic has forced companies to improve their use of remote working technology, while the chaos caused by the situation has made it easier for his firm […]
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