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Luxury property developer 10ACIA has launched a £4.6m luxury gated community on Lea Road near Preston. The development, called Edgewater Oaks, consists of a number of five-bedroom, furnished properties. The scheme was supported by a £1.6m development facility from Lloyds Bank Commercial Banking. David Price, founder and director at 10ACIA, said: “We’re incredibly passionate about […]
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Low mortgage rates have tempted more existing homeowners to remortgage in November, according to e.surv’s Mortgage Monitor. There were 65,879 residential mortgages approved during November 2019, a rise of 2% from October and 2.8% compared to November 2018. e.surv, a firm of residential chartered surveyors, said one factor contributing to the rise may be that […]
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Canary Wharf Group’s new build-to-rent arm Vertus is launching its first development on the privately-owned Canary Wharf estate. 10 George Street, a collection of 327 apartments available exclusively to the rental market, will be available to lease from early 2020. Alastair Mullens, head of Vertus, said: “The build-to-rent market has seen unprecedented growth in recent […]
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The likelihood of completing a property sale is highest in the last three months of the year, research from estate agent Homesimple shows. An analysis of Land Registry home sale completion figures by Housesimple over the past five years reveals October to be the best month for completions, with an average of 81,974 home sales […]
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Remortgage volumes fell by 20.8% year-on-year to October 2019, UK Finance data shows. First-time buyer activity was more promising, with volumes rising by 2.8% year-on-year. Mark Harris, chief executive of mortgage broker SPF Private Clients, said: “After a very strong year, remortgaging numbers dipped in October, suggesting that many of those who needed to refinance […]
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Southwold has been rated as the top coastal location to buy by comparethemarket.com This is based on the average rainfall, average temperature, beach quality score, average property price, annual property revenue, and daily property rental rate. Southwold has the highest average rental revenue, at £115,689. If you’re looking to invest in a seaside home with […]
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Some 59% of the general public have not heard of the term Build to Rent, research from platform Love to Rent has found. Nearly four in 10 British adults expect that they or their children will be living in rented accommodation in 10 years’ time. Anne-Marie Brown, founder and chief executive of Love to Rent, […]
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Property prices should rise by 2% in 2020 now the Conservative Party has secured a majority, Rightmove has forecast. It added that sellers’ pricing power will be enhanced by a lack of choice for potential buyers, with the proportion of estate agent stock that is available for purchase at its lowest for over two years. […]
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Westminister has the greatest proportion of underpriced properties in London, research from fintech firm Proportunity claims. The startup suggested that three quarters (74%) of Westminister’s properties under £1m are underpriced. Proportunity said inner London boroughs, which have seen house prices fall or stagnate since the EU referendum, could be set for a post-Brexit bounceback, allowing […]
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The cost of fixed rate Brexit buy-to-let mortgages are set to fall now the Conservatives have been elected, according to online mortgage broker Property Master. The monthly cost of fixed rate buy-to-let mortgages have fallen across all categories compared to the same time last December – in some instances by as much as £38 per […]
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