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InterBay Commercial, part of OneSavings Bank, has completed a complex portfolio transfer in a £7m remortgage case. The lender was approached by Brightstar Financial, on behalf of a client seeking to refinance and raise capital on their total portfolio. The portfolio included a variety of residential investment property types, including flats, houses, HMOs and small and […]

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Anwyl Homes Lancashire has submitted a reserved matters planning application to Wyre Borough Council for a residential development in Barton near Preston. The housebuilder has exchanged contracts on a 9.3 acre parcel of land that fronts onto Garstang Road, the main A6 road that connects Preston and Lancaster, and is proposing to build 72 high […]

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Some 43% of construction businesses are confident about business growth after Brexit, negotiation and communication firm Huthwaite has revealed. Surprisingly 27% think the process of exiting the EU is currently having a positive impact on their business, with 22% thinking it hasn’t had any impact. Tony Hughes, chief executive at Huthwaite International said: “The UK […]

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The government will lift the freeze on Local Housing Allowance rates, meaning the amount of housing benefit received is set to rise by £10 per month on average. Rates will rise in line with the Consumer Price Index, which is currently around 1.5%. Will Quince, parliamentary under secretary of state for welfare delivery, said in […]

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House prices are set to drop by 1.7% over the course of the first quarter of 2020, reallymoving, a provider of quotes for home moving services, has predicted. However annual growth is expected to reach 3.7% in February 2020. Rob Houghton, chief executive of reallymoving, said: “A forecast of continued positive annual growth confirms that […]

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Simon Robinson (left), legal director in the real estate team at law firm, Shakespeare Martineau and Russell Smithers (right), managing director at REDD  Anyone working in the property sector – at any level – will know that it ebbs and flows in accordance with current economic conditions. However, things work slightly differently in the leafy […]

The post Super-prime London property: a deep dive appeared first on PropertyWire.

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Housebuilder Avant Homes has promoted Scott Varley to the newly created role of area managing director for Scotland and North East England. Varley first joined Avant Homes in 2006 as regional land manager for the group’s Yorkshire business, before taking up the post of land director in 2010. In 2014 he was promoted to managing […]

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Londoners are leaving the city to buy property at an increasingly young age, research from Hamptons International found. In 2019 Londoners leaving the city were typically 39 years old, down from 41 in 2018 and 2017, 41 in 2016, and 47 in 2009. Aneisha Beveridge, head of research at Hamptons International, said: “Historically most homeowners […]

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I was surprised to read a study saying a quarter of landlords plan to sell at least one of their properties this year. Apparently a succession of tax increases, shifts in House in Multiple Occupation licencing, new stipulations on the minimum size of rooms, as well as the banning of admin fees are some of […]

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UK rents increased by 3.5% in the year to December 2019, and rents could see a steeper rise in 2020, HomeLet’s Rental Index has said. London rents increased by 2.1%, though Wales and the North West saw the biggest increases, of 9.7% and 8.3% respectively. Martin Totty, chief executive of HomeLet, said: “Looking forwards, more […]

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