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Investec’s Structured Property Finance team has provided Comer Homes with a £36m five-year senior debt facility to fund the development of the final phase of Mast Quay, a two-block riverside residential scheme in Woolwich, London (pictured). Due for completion in December 2022, construction is already underway to deliver a mixture of 204 apartments for rent, […]
The post Investec provides £36m loan to BTR development appeared first on PropertyWire.
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The HMRC probe into the tax affairs of Airbnb landlords marks the end of the honeymoon period for short-term rentals. Despite warnings from Apropos, I still think the short-term lettings market will remain lively despite the extra costs some landlords will incur, though some corporate landlords may decide to take their business elsewhere. Mor… This […]
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The Home Office is making a number of changes to the Right to Rent scheme on November 2nd. An online service should make it easier for letting agents and landlords to check that potential tenants have the right to rent property in the UK, while there are new rules coming into force for B5JSSK nationals. […]
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The kitchen is the most expensive room in the house to renovate, with people spending £5,219 on average, Confused.com research has found. It’s also the room most homeowners want to renovate, with more than one in four (27%) UK adults saying their kitchen is the room they’d most like to do up. This is followed […]
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Nearly half (46%) of buyers saw their prospective properties down valued by their mortgage lender, Bankrate UK research has found. Buyers looking to purchase properties in Wales had the highest percentage of down valuations at 63%. In second was the capital, as 59% of London properties were deemed less valuable by lenders, while 58% were […]
The post 46% of UK properties have been down valued since before Covid-19 appeared first on PropertyWire.
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The Guernsey registered lender has urged prospective purchasers not to leave it too late if they are thinking of purchasing a UK buy-to-let property this year. The UK government’s stamp duty holiday ends on 31 March 2021, so anyone considering the purchase of a buy-to-let property will need to start the ball rolling soon if […]
The post Don’t leave it too late for buy-to-let, urges Skipton International appeared first on PropertyWire.
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Buy-to-let lender Landbay has joined Synergy Commercial Finance’s network panel. Landbay was already on Synergy’s packager panel but will now provide Synergy’s commercial broker members with access to its product range. Paul Brett, managing director of intermediaries, at Landbay, said: “This partnership will bring our market-leading products to a new group of specialist commercial brokers […]
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Open Finance platform Moneyhub has created a data and intelligence API in the hopes of transforming the ease and speed in which landlords can file their HMRC Self-Assessment: UK property (SA105) form. Moneyhub’s API enables landlords to categorise transactions on the platform that relate to their property or other projects. For landlords in particular, many of […]
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Roger Akelius, the founder of corporate landlord Akelius Residential, has responded to the accusations made against his company from the United Nations. He called claims by the UN that the firm breached international human rights “ridiculous”, while he accused human right lawyer Leilani Farha, who was the UN’s special rapporteur on adequate housing, of favouring […]
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A legal expert for ARLA Propertymark has said letting agents and landlords should consider serving a second Section 8 notice if rental arrears accrue to more than six months of missed payments, even if their original Section 8 has yet to come into force. This is because of a crucial change at the six months […]
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