Approval has been granted for 56 apartments in Longbridge Town Centre, after Birmingham City Council’s Planning Committee granted planning permission subject to conditions and a S106 Agreement. The ‘L’ shaped building will be set over four floors, with a 5th storey on the corner elevation, and will include a mix of 35 two-bedroom apartments and […]
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Bridging lender Funding 365 is expanded into development finance with the launch of its Light Development product featuring interest rates from 0.79% per month. The product is designed to enable borrowers to carry out property conversions and heavy refurbishments, or to finish and exit their existing development projects. This product, which is customisable, will allow […]
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Specialist bank Shawbrook has returned to some of their pre-pandemic criteria, following a previous tightening as a result of the coronavirus crisis and several changes to selected product ranges in March. One of the key changes unveiled to brokers this week is the return of the heavy refurbishment products under their bridging finance range, which […]
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On Friday I finally moved house – which has been a big relief after looking for a new place to live for the past couple of months (it has felt like years). In that time I’ve seen how the rental market has slowly opened up after the Covid-19 crisis. Some landlords offered virtual viewings by […]
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The government has extended the Help to Buy equity loan deadline for new homes to be finished from the end of December to February 28th. The deadline for the legal completion of the sale will remain 31st March 2021. Reaction to the change from builders seems largely positive. A Barratt Developments spokeswoman said: “Extending the Help […]
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Landlords should take advantage of the stamp duty holiday by incorporating their existing portfolio into a limited company, property tax specialists at accountancy firm MJ Bushell have urged. The temporary increase to the stamp duty threshold from £125,000 to £500,000 means landlords can make a significant saving when incorporating, when they’d typically need to stump […]
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There’s been a 15% rise in mortgage enquiries from first time buyers who are looking to move to seaside towns post-lockdown, data from online broker Mojo Mortgages has found. Based on the broker’s analysis of Instagram hashtags, Brighton is the most popular location to live in, followed by Plymouth and Bournemouth. After that comes Portsmouth, […]
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Rob Perks, CEO of business development service Inspire Biz There is a lot of discussion around how we as a society will exit lockdown. Shutting down was painful but relatively easy compared to getting fired back up again. Businesses have had to navigate a new normal during the lockdown, with many having no option but […]
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Annual house price growth recovered to 1.5% in July according to the latest House Price Index by Nationwide. Prices were up 1.7% month-on-month which reverses the fall seen in June. House prices in July were 1.6% lower than in April. Robert Gardner, chief economist at Nationwide, said: “The bounce back in prices reflects the unexpectedly […]
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A property site where residents review developments is looking to become ‘TripAdvisor for property’ after making inroads into the UK market. Since launching in February 2019 HomeViews has listed hundreds of developments in London, as well as others in cities like Birmingham, Bristol and Manchester. In all, it currently covers nine UK cities. The website […]
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