From today possession cases with severe rent arrears will be exempt from the ban on evictions, meaning bailiffs and High Court Enforcement Officers can move to enforce warrants and complete evictions. However, this will only apply to cases where the equivalent of nine months’ rent arrears had accrued prior to the 23rd March 2020, when […]
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Leading consulting engineer Howard Ward Associates (HWA) has assisted in the completion of phase one of The Oaks, a significant student development close to the University of Warwick. The building, known as Oaks 1, is located less than a kilometre from the University of Warwick to the south west of Coventry city centre, and was […]
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Property instructions in Prime London rose by 68% year-on-year in October, suggesting there will be more completions in the months ahead. The analysis, from LonRes, also found that transaction levels crept by 4% annually in October, with 25% more houses being sold. Marcus Dixon, head of research at LonRes, said: “As England enters its second, […]
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The first six days of the second lockdown have seen demand climb by 49% year-on-year, as buyers push forward to make purchases before the March stamp duty deadline. Rightmove’s House Price Index found that national sales agreed were up 50% on October last year. It’s estimated that here’s 650,000 sales going through the buying and […]
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Workers who have been on the furlough scheme for a long time are being perceived as increasingly high risk by mortgage lenders, according to broker Private Finance. When furlough began in March 2020 lenders would base applications on whether the mortgage was affordable at 80% of incomes. However if people have been on furlough long-term […]
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A Chancellor-commissioned report has recommended a major overhaul of Capital Gains Tax (CGT). The maximum CGT of 28% could be raised closer to income tax rates, which get as high as 40% and 45% in England and Wales. The report from the Office of Tax Simplication said the disparity in rates between Capital Gains Tax […]
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The London boroughs of Westminster, Kensington & Chelsea and Camden are some of the most popular with foreign owners. Pure Property Finance analysed data from the Land Registry on overseas companies that own property in England and Wales. There were 10,938 in the City of Westminster, 5,847 in Kensington and Chelsea, and 2,363 in Camden. […]
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Last month rents in Great Britain rose for the first time since the start of the first lockdown, up 1.4% year-on-year to £1,041 per month. The biggest rise was in the South West (5.9%), followed by Scotland (3.8%) and Outer London (3.3%). Meanwhile the biggest fall by far was in Inner London (-14.9%), where rents […]
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UK buy-to-let lender Landbay has joined the network panel of Commercial Finance Brokers UK (CFBUK). CFBUK is a whole of market commercial finance broker providing its services to professional introducers through its relationship with several large residential mortgage broker networks. Under this partnership, Landbay will provide mortgages for large houses in multiple occupation (HMOs) and […]
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Ian Larkin is chief executive of online mortgage broker Trussle The property market was upended when the UK went into lockdown in March. Would-be buyers were unable to complete viewings, surveyors were unable to access properties and transactions ground to a near-halt, with prices tumbling 1.7% in May . In response measures were applied, with […]
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