Legal Q&A: What is a Section 20 notice of repairs and what can I do if I think the cost is excessive? September 28, 2018 I have just received a section 20 notice relating to some repair works to our block. What does the notice mean and what can we do if we think the cost of the works is excessive? In the circumstances you describe, you will have been served with a Section 20 Notice because your landlord [...]
Property of the Week: The Old Vicarage in Fulham features a baptismal font as a sink in the downstairs bathroom September 28, 2018 If you’re looking for a sacred space to return to after a hard day at work, this quiet – yet large – family home in Fulham is a rare find. The gothic-style detached mansion was built in 1864 as a vicarage, but now it’s a one-of-a-kind home. Old St James Vicarage, Fulham, £10,500 a week [...]
New homes: Our pick of the new builds and conversions going on sale in London this weekend September 28, 2018 New developments on the market this week Lime Quarter, Bromley-by-Bow From £300,000 Help to Buy homes are going on sale next to Devons Road DLR. The first 10 homes launched last night with one and two bedroom apartments available to purchase through the government’s equity loan scheme. Overall, there will be 130 homes, including three [...]
Norwegian wealth fund buys up old Amazon HQ in London for £321.1m September 27, 2018 Norway’s sovereign investment fund today revealed it has bought a 100 per cent stake in an office building in central London for £321.3m. The seller was VGV Immobilienfonds II, a fund managed by Union Investment Institutional Property. The building at 60 Holborn Viaduct is the former London headquarters of tech giant Amazon, which moved to [...]
House prices on London’s top 10 priciest streets fall amid high-end housing slump September 27, 2018 House prices in London’s top 10 most expensive streets have all fallen over the last year, in a fresh sign of the slump sweeping the capital's high-end property market. Property website Zoopla’s 2018 rich list has found that on average more than £4.5m has been wiped off the total average house price from the top 10 [...]
Home-owning pipe dream edges out of sight as first-time buyers need a £53,000 income to buy a house September 27, 2018 The average income needed for a first-time buyer to jump onto the property ladder has shot up 18 per cent in the last three years, in the latest sign that the dream of homeownership is becoming increasingly distant for many young professionals. Only three out of 20 major UK cities have become more affordable [...]
Bubble trouble: London among global cities most at risk of housing bubble September 27, 2018 London is among the top cities most at risk of a housing bubble, according to a new report measuring the world's most overpriced property markets. Hong Kong was ranked as the place most susceptible to a swift downturn after years of soaring house prices, while Munich, Toronto and Vancouver were also among the other most [...]
Transport for London steps up property ambitions after unveiling new partnership September 26, 2018 Transport for London (TfL) has unveiled plans for a new partnership with one of the capital’s affordable housing developers today, in a sign that the body is ramping up its move into the property market as it looks to pay off its near-£1bn debt pile. In a new joint venture with property developer Apartments [...]
Brokerage giant TP ICAP unveils new City headquarters in Broadgate September 26, 2018 The world’s largest interdealer broker has revealed plans this morning to move into a major new City headquarters in Broadgate, in an effort to house all of its brokers under one roof following the firm’s merger in 2016. TP ICAP will take up four floors of 135 Bishopsgate in a leasing that will see [...]
UK mortgage approvals for new house purchases tumble despite growth in remortgaging September 26, 2018 The number of mortgages approved for house purchases was almost five per cent lower in August compared with the same time last year, providing fresh evidence of flat activity in London’s property market. Despite the fall in new mortgage approvals, remortgaging soared 9.2 per cent during the month, as a rising number of homeowners [...]
