PROPERTY NEWS

 
Steve Dinneen
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NEW KINLEIGH FOLKARD & HAYWARD OFFICE

Kinleigh Folkard & Hayward has opened a new branch in Borough.

Borough as an area has been identified within Kinleigh Folkard & Hayward’s strategic five year branch expansion plan. With over 50 branches across London, 11 of which are located in the South East region, the new branch will cover areas including Southwark, Newington, Borough and the Shad Thames.

Lee Watts, managing director of Kinleigh Folkard & Hayward, said: “We are very pleased to announce the opening of our new branch in Borough, SE1 which provides the last piece of the jigsaw to fulfil our comprehensive coverage of South East London. This, together with our Surry Quays branch, will also provide a gateway for our expansion into Docklands and East London planned for the future.”

The KFH Borough sales and lettings branch can be found right on the High Street opposite the Southwark War Memorial.

L&G PROPERTY COMPLETED £1.7BN IN PROPERTY DEALS

Legal & General Property completed £1.7bn of direct property transactions in 2011, making it one of the most active investors in the UK commercial property market. Deals ranged in size from £3m to over £300m, the largest being the acquisition of the Rolls Building on Fetter Lane from Delancey for a total of £305m. They also included the company’s debut investment in student accommodation, an income strip in Imperial College’s Battersea development.

FIRST-TIME BUYER NUMBERS JUMP

First time buyer numbers increased markedly in 2011 as banks upped their high loan-to-value lending and loosened qualifying criteria on higher LTV mortgages, according to the latest Mortgage Monitor from e.surv chartered surveyors. There were 32 per cent more loans with a deposit of 15 per cent or under in 2011 than in 2010, as lending conditions for first time buyers improved, reflecting the fact more low income buyers were able to get mortgages.