London homes: Pandemic panic-buying property leads to homeowner regrets July 13, 2021 London property: Pandemic panic-buying property leads to homeowner regrets
London in need of affordable housing to power recovery, say insurers July 13, 2021 London will struggle to rebuild from the pandemic unless more affordable housing is built, insurers Legal & General have warned today. The L&G Rebuilding Britain Index show housing is the poorest performing measure – behind jobs and economic prosperity – with affordable housing falling flat in London and the South East and West of England. Nigel [...]
British Land hails ‘notable improvement’ as restrictions ease July 13, 2021 British Land said that it had collected 99 per cent of the rent due for its offices in June as the FTSE 100 firm welcomed a “notable improvement in activity” across its markets. The property developer also said that in the seven weeks since the first lifting of restrictions, it had seen footfall and sales [...]
House sales drop by over half as stamp duty holiday winds down July 12, 2021 House prices were down 60 per cent on the five year average in the first week of July as the stamp duty holiday comes to an end. This follows a bumper June, with the number of UK property transactions last month set to be the highest on record according to Knight Frank. Tax savings fell [...]
Confused.com owner RVU to squeeze into online mortgage sector July 12, 2021 Confused.com owner RVU has snapped up online mortgage broker Mojo Mortgages, signalling its move into the home loan sector. The comparison site giant, which also owns Uswitch and Money.co.uk, declined to put a figure on the deal – however, paid £508m for Confused.com in December. “I can assure you the price is not nothing,” RVU [...]
WH Smith’s airport takeover is InMotion after Dixons Travel shop deal July 8, 2021 WH Smith's airport takeover is InMotion after Dixons Travel shop deal
Redrows expects turnover to hit nearly £2bn following strong house sales July 7, 2021 UK housebuilder Redrows expects turnover for its 2021 financial year to be £1.94bn, following strong sales in the housing market this year. A turnover of £1.94bn would be a marked increase from 2020’s £1.34bn, but below 2019’s £2.11bn. In an market update this morning, Redrows said legal completions are expected to be 5,620 for the [...]
House prices fall for the first time this year as stamp duty holiday winds down July 7, 2021 The price of the average UK property fell last month for the first time this year, as the end of the most generous stamp duty holiday loomed. House prices fell 0.5 per cent in June, down £1,284 to an average price of £260,358, according to figures from Halifax. The new figures mean annual house price [...]
Purplebricks to open new office in Soho after remote hiring spree July 6, 2021 Purplebricks will open a new office in Soho in response to pandemic-led changes that saw the online estate agent hire more people from across the country. The new office, located in London’s West End, will eventually house between 40 and 50 staff who will work on a hybrid basis, spending some time at the office [...]
HSBC launches lowest ever fixed-rate mortgage at 0.94 per cent July 6, 2021 HSBC UK has launched a fixed-rate mortgage at 0.94 per cent, its lowest fixed-rate mortgage ever, but the product will only be available to those with a 40 per cent deposit. The lender will charge a £999 fee to access the mortgage, or alternatively, people can take out a ‘fee-saver’ version with no product fee [...]
