In 2020 London leavers purchased 73,950 homes outside the capital, the highest number in four years, Hamptons research has found. There has been a clear increase in the popularity of London outmigration since the onset of Covid-19. In the first half of 2020, London leavers bought 6.9% of homes sold outside the capital, equating to […]
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The first selection of homes at a housing development in Wingerworth will be released for sale in the new year, with construction well underway on site. Ashberry Homes is building 80 new homes at Mill Fields, off Mill Lane, Wingerworth, including 12 homes to be provided as affordable housing for local people. Steve Smith, sales […]
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Schroder Real Estate Investment Trust has acquired Stanley Green Trading Estate with an adjoining development site in Cheadle, South Manchester, for a total of £17.25m. The estate comprises approximately 150,000 sq ft of warehouse accommodation across 14 units on a nine acre site and is let to 13 tenants, generating a total contracted rent of […]
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The furlough scheme has been extended by an additional month to the end of April 2021. The government said the move was to ensure firms can access the support they need through continuing economic disruption. Chancellor Rishi Sunak also confirmed he would be extending the government-guaranteed Covid-19 business loan schemes until the end of March. […]
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The number of tenants experiencing rent increases fell for the third month in a row in November, the ARLA Propertymark November Private Rented Sector (PRS) report has revealed. Just 28% of agents saw landlords increase rents, compared to 37% in October and 40% in September. Mark Hayward, chief policy adviser, Propertymark, said: “The consistency in […]
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Landlords and buy-to-let property investors who have undeclared rental income have been warned to seek advice and come clean with the taxman – or face stiff penalties. Shenward, a Yorkshire-based firm of chartered accountants and business advisors, has noticed that HMRC officials are pursuing individuals they believe may be underpaying income tax. The Bradford-based company […]
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Specialist lender Together has raised the maximum loan-to-value to 70% across its first and second charge mortgage products. The firm has also reduced the minimum loan size on its second-charge products from £50,000 to £30,000. Sundeep Patel, the lender’s head of intermediaries, said: “The housing market remains strong, with average UK asking prices rising by […]
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Brexit won’t destabilise the housing market as much was feared before the pandemic, said Kush Rawal, director of residential investment at Metropolitan Thames Valley Housing. While it will have some impact, he felt the impact of covid-19 will dwarf the impact of leaving the EU. Kush Rawal, director of Residential Investment at Metropolitan Thames Valley […]
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Charlotte Grimshaw is Ipswich Building Society’s head of mortgage sales Although family life has to some extent always driven trends in mortgages, Ipswich Building Society is anticipating that as we adapt to new ways of living and working, lending will become more notably family-centric in the coming year. Working from home will see a shift […]
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Two in five (40%) SMEs in the construction industry haven’t adequately prepared for the UK’s departure from the EU. The main reason for this is the continued focus on managing the impact of the pandemic. Among construction SMEs, 28% of their monthly business income is dependent on business with customers in the EU. Should tariffs […]
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