The government will pledge £643m towards ending rough sleeping in Wednesday’s Budget. Some £144m will go towards for general support services, including access to training, £262m will be for substance misuse recovery services, and £237m will fund new accommodation. The government said the funding boost should help up to 6,000 rough sleepers with the accommodation […]
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It seems likely the Bank of England will cut interest rates this month, given that the Federal Reserve and Bank of Canada have both cut their respective interest rates. There are concerns that the threat of coronavirus could impact economic confidence, resulting in the North Americans taking action. These worries are shared in the UK […]
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CapitaLand has agreed to acquire a prime freehold business park in the UK for £129.3m. Arlington Business Park is located in Reading and is comprised of 11 Grade A office buildings totalling about 367,000 square feet of net lettable area. Mr Jason Leow, president, Singapore & International, CapitaLand Group, said: “The acquisition of Arlington Business […]
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Annual house price growth reached 2.8% in February, dropping from a high of 4.1% in January, Halifax’s House Price Index has found. Quarterly growth stands at 2.9%, with monthly prices rising by 0.3%. Russell Galley, managing director, Halifax, said: “Much like we saw in January, the increases seen in February reflect the continued improvement of […]
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Prospective property sellers and landlords are increasingly requesting instant online valuations from estate and letting agents in the morning before they get to work, data from The ValPal Network has found. 7am-8am was the most popular hour of the day for consumers to request online valuations from agent members of online valuation tool The ValPal […]
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The Property Investor Show will return to the Excel Centre, London on Friday 3 April and Saturday 4 April, with a second event being held in October. A keynote speaker has just been announced in Ben Beadle, boss of the soon to be NRLA (National Residential Landlords Association). The consequence of the proposed merger between […]
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Industry figures are worried public concerns about coronavirus will have an adverse effect on business, after the number of reported cases reached 115 yesterday. The market has had a busy start to the year, but there are fears the virus will put the breaks on activity. Jonathan Sealey, Hope Capital’s chief executive, said: “Over the […]
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2019 saw the first fall in annual gross mortgage lending since 2010, the UK Finance Household Finance Review (Q4 2019) has revealed. There was a decline of new loans for both residential and buy-to-let purchase products, while first-time volumes fell by 0.6%. Shaun Church, director at Private Finance, said: “The fact that first-time buyer numbers […]
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Houst has confirmed the purchase of Hostmaker’s client base and non-UK subsidiaries. The company said it will ensure UK hosts can continue offering the same service. It was announced that earlier in the week that Hostmaker has fallen into administration, with its staff facing potential redundancies. James Jenkins-Yates, founder and chief executive of Houst, said: […]
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Adrian Moloney and Roger Morris are taking on group roles within OneSavings Bank and will report into Alan Cleary, OSB group managing director for mortgages. Moloney has been the face of Kent Reliance for some time, while Morris is sales director of Precise Mortgages. Adrian Moloney is now taking on the role of group sales […]
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