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Legal & General has committed to making its new housing stock net zero carbon enabled by 2030. This will be implemented in a phased approach across all homes invested in or built by Legal & General Group including: Build to Rent, Build to Sell, later living and affordable housing. Net zero carbon will be achieved […]
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Demand for new build has rebounded by 66% since the property market reopened on the 13th May, Zoopla research has found. Demand recovered nationwide, with the North East recording a 139% rebound, the West Midlands 121%, and East Midlands 108%. Persimmon Homes, one of the UK’s largest housebuilders, reported a 215% month-on-month uplift in demand […]
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More than half of homeowners are looking to improve their work-life balance in the long-term, research from Love Home Swap shows. A significant 45% agreed that assessing their work-life balance has made them look for more ‘leisure value’ from their homes. With the pandemic keeping us at home more this summer, 10% have added a […]
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Risk-averse landlords are remortgaging primarily to build a war chest, research from Mortgage for Business has revealed. Some 30% of property investors are now taking out a buy-to-let remortgage with a view to expanding their portfolio and growing their cash reserves. Nearly half (46%) are increasing the size of their loans – significantly higher than […]
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Despite talk of pent up demand fuelling a housing market recovery the rebound will likely be a slow and gradual process, warned James Durham, economist at PwC. The Brexit deadline, losses to the hospitality and tourism sectors, as well as people moving out of major cities are also likely to have a dampening effect on […]
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The number of mortgage approvals for house purchase fell to just 9,300 in May, 90% below February levels, the Bank of England’s Money and Credit statistics found. Approvals for remortgage also fell by 42% from February to 30,400. Paul Stockwell, chief commercial officer of Gatehouse Bank, said: “The number of mortgage approvals in May is […]
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Rent cancellation would hit pensioners who rely on the income for their retirement, warns Ringley Group managing director Mary-Anne Bowring. Over 4,000 Labour party members signed an open letter backing rent cancellation as a policy. Labour’s five-point plan to help renters includes extending the evictions ban by at least six months and giving tenants two […]
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Home Counties housebuilder Martin Grant Homes has acquired a 33.5 hectare redundant farm site in Church Crookham in Hampshire. The builder will now start work on delivering 300 homes at Albany Park set off Redfields Lane. The site will comprise of 180 private and 120 shared ownership/affordable rent properties, alongside a doctor’s surgery, food retail […]
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Kent Reliance for Intermediaries and EY have launched a guide for property investors on the changes to the UK tax system. The guide, entitled “Changes to UK Tax Relief on Finance Costs”, has been compiled to inform its intermediary partners on the key considerations faced by their landlord clients and how they run their rental […]
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The UK currently enforces two tenant eviction bans, both of which were extended in June. For residential tenants the ban will last until the end of August after a two-month extension, while commercial tenants have seen the ban lengthened by three months until the end of September. Clearly this is a difficult time for tenants, […]
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