Julian Washington interviewed Nick Brent, head of real estate at Druces Solicitors, on the day before the second lockdown. From the windows of Druces’ offices you have a good view of the gardens in Finsbury Circus. Recently re-landscaped after Crossrail works concluded, this oasis in the middle of the City is now framed by trees […]
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TMA Club is urging advisers to start using digital tools that can help them keep on top of changes to their clients’ mortgage policies both during, and after, the Covid-19 outbreak. This comes as data from CACI highlighted that there is a spike in product maturities worth £33.18bn expected in December 2020. Lisa Martin, development […]
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Construction companies who have teams of self-employed workers from the EU are in danger of losing these workers from the end of June 2021, warned leading tax and advisory firm Blick Rothenberg. Heather Powell, head of property & construction at the firm said: “Whilst it is possible for employers to sponsor self-employed workers for a […]
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It seems likely that Prime London activity will be particularly strong in the next few months, owing to a number of factors. The stamp duty holiday has already had a big impact on sales of higher value properties. This makes sense, given that it has made the biggest difference to non-first-time buyers purchasing homes at […]
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A sizable chunk of people have never used a mortgage broker, despite the benefits of having a professional compare the different products. The number rises to nearly half (49%) amongst over-55s, suggesting there is something of a generational divide when it comes to using an intermediary. Indeed, three quarters (74%) of 25 to 34s saying […]
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Evictions won’t be enforced until at least 11th January 2021, while there will be no bailiff enforcement action, the government has announced. Six month notice periods will remain in place until at least the end of March 2021. The exception to this rule will be the most serious cases, including where tenants have demonstrated anti-social […]
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Quarterly prices rose by 0.9% in prime outer London in October, the highest rise in five years, Knight Frank research shows. The largest quarterly rises in London were in Belsize Park (3.2%), Dulwich (2.3%), Wandsworth (2.1%) and Wimbledon (1.8%). Tom Bill, head of UK residential research at Knight Frank, said: “A second national lockdown in […]
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House prices rose by 7.5% year-on-year in October due to strong demand for higher value homes, Halifax’s House Price Index has found. Quarterly prices increased by a substantial 4.0%, bringing the average price to £250,457 across the UK. However, month-on-month price growth slowed considerably, down to 0.3% compared to 1.5% in September. Russell Galley, managing […]
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Principality has pledged not to repossess any homes across its business until 30th June 2021. Wales’ largest building society is calling on its members who are struggling to pay their mortgages to work closely with them to help them through any financial problems so they can help them stay in their homes. Julie-Ann Haines, chief […]
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Liverpool is the best city to save for a deposit, where the average house price is just £109,520, compared to average salaries of £23,314. This means people can save for a 10% deposit in four years and eight months, according to research from Coulters Property. The second best city to save for a deposit is […]
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