Fintech mortgage broker Trussle has appointed Ian Larkin as chief executive. Larkin was chief executive of Target Group for five years, while he previously held senior roles at Lloyds, Virgin Money, and McKinsey and Accenture. The company’s founding chief executive Ishaan Malhi suddenly resigned in January. Larkin said: “The home ownership journey is one of […]
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Newcastle is the best place for buyers to purchase their first home in the UK, Mojo Mortgages research indicates. This is based on the monthly mortgage cost in comparison to an area’s average income. Other good areas are Aberdeen, Belfast, Stoke-on-Trent and Hull. The price per square metre in Newcastle is £1,650, making it cheaper […]
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Property management company Hostmaker has fallen into administration, with its staff facing potential redundancies. Hostmaker was launched in 2014 by husband and wife duo Nakul and Deepti Sharma, while it raised £23m over the course of two funding rounds. However it recorded a loss of £14.3m in 2018. The company’s client base has been purchased […]
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Despite falling yields in the city 82% of Londoners think buy-to-let would be a good investment. Uncertainty due to Brexit (33%) and increased tax and stamp duty rates (38%) are the main reasons Londoners are put off investing. The research comes from Perrys Chartered Accountants. Donna McCreadie, a buy-to-let tax specialist at Perrys, said: “Buy-to-let […]
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Some letting agents appear to be breaching the Tenant Fees Act introduced in June 2019 by charging fees. An investigation from i detailed the case of Georgie Laming and Sorana Vieru, who were charged a £170 checkout fee when vacating their property, despite having renewed the contract after the ban took place. After Vieru pointed […]
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Vanderbilt Group has acquired eight sites between November and January across Surrey, Hampshire and West Sussex. The sites should deliver around 250 new properties, from town centre apartments qualifying for Help to Buy to larger family homes. Chris Chiles, managing director of Vanderbilt Group, said: “The Crayfern Homes acquisition has allowed us to secure more […]
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Paul Howells, CEO of Accumulate Capital The housing crisis has long been an issue on the policy agenda of successive governments. That’s why I find it surprising that there is still no plan in place to ensure that there are enough properties on the market to meet future demand. Most people seem to think the most […]
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Legal & General has committed £21.6m to its partnership with Croydon Council to provide homes for families on the waiting list in the borough. The partnership will bring 250 houses and apartments back into use for families currently residing in emergency accommodation. The announcement follows the establishment of the partnership last year, bringing Legal & […]
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Four Scottish commercial property advisers have launched Lismore, a real estate investment and development advisory firm in Edinburgh. The firm will cover sales and acquisitions, development fundings and joint ventures, across all property sectors. The firm will be jointly owned by directors, Simon Cusiter, Colin Finlayson, Chris Macfarlane and Richard Mackie, who were previously directors […]
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The cost of rental deposits have only risen by 5% in five years, less than price increases in other areas of life, research from lettings deposit replacement scheme Ome has found. In comparison the cost of pay TV has risen by 26%, the average house price is up 24%, while the cost of using a […]
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