Rent roll soars for Sirius Real Estate in wake of BizSpace takeover April 11, 2022 Industrial park operator Sirius Real Estate has said its rent roll hit €167m last year after snapping up BizSpace in the UK. The real estate owner said the acquisition of BizSpace in November 2021 had provided the firm with “geographic diversification.” Andrew Coombs, chief executive officer of Sirius Real Estate said the established operating platform [...]
Revealed: Here are the best places to live in London and across the UK April 10, 2022 The best place in the UK to live is…. Ilkley in West Yorkshire. The town tops a list of 70 locations to be named the UK’s best place to live by the Sunday Times. It was praised for its top schools, interesting shops, spectacular scenery and convenient rail links. Judges were also impressed by its [...]
Weekend read: Britain’s buy-to-let landlords claim £18.5bn in tax reliefs despite mortgage interest changes April 10, 2022 The amount UK buy-to-let landlords claimed in tax reliefs increased to £18.5bn in the last year, up from £18.1bn the year before, according to new research shared exclusively with City A.M. this morning. The amount claimed increased despite a reduction in the amount of relief that landlords can claim on the interest that they pay [...]
Middle class run on equity release: Cash-hungry home owners squeeze nearly £5bn out of their properties April 9, 2022 Equity release payments in the UK increased by almost £1bn in 2021, as more and more people look for alternative ways of ensuring healthy and happy retirements. Between 2020 – 2021, the amount of money released in the UK rose from £3.9bn to £4.8bn, an annual increase of £940 million, or 24.4 per cent, according [...]
Solicitor and bar partner sentenced to years in prison for money laundering in organised crime timeshare scam April 8, 2022 A former British solicitor and his partner, a bar owner on the Costa Del Sol, have been sentenced to a total of four and a half years for laundering organised crime money related to a fraudulent timeshare scheme. Judge Cambell sentenced St Helens based Anthony Lea to 3 years in prison, and Ian Hollis to 18 months, [...]
LendInvest feels lift of buoyant housing market April 8, 2022 Fintech lender LendInvest has reported a boost in assets under management today as a buoyant housing market drives demand for its buy-to-let products.
Cladding bill nears £2bn mark as Bellway, Vistry and Countryside Partnership pledge to fix homes April 7, 2022 Housebuilders’ pledges to repairing unsafe cladding has neared a bill of £2bn as Bellway pledged £485m to fix homes on Thursday. According to analysis from AJ Bell, the total bill now stands at £1.8bn, with FTSE 100 developer Berkeley yet to declare how much it will provide. The department for levelling up, housing and communities [...]
Impact Capital Group snags approval for £350m development in Romford April 7, 2022 Impact Capital Group has snagged the first stage of approval for an ambitious £350m development in the heart of Romford, which will create new homes close to the forthcoming Crossrail station in Romford. Proposals will next be forwarded to the GLA for the second stage of approval and are subject to the finalisation of a [...]
House prices jump to record £282,753 amid highest inflation since mid-2007 April 7, 2022 The average price of a home has jumped 11 per cent over the past year to a new record figure, according to the Halifax House Price Index. The average price of a house is now £282,753, a steep increase of £43,577 in just two years after the UK’s first Covid-19 lockdown. Prices have increased 1.4 [...]
Cladding repair bill hits £1.5bn as Redrow and Barratt latest builders to sign up to fire safety pledge April 6, 2022 The total cost for cladding works for the big nine listed housebuilders has hit £1.5bn, as London-listed firms sign up to a government fire safety pledge. According to analysis from AJ Bell, the country’s biggest builders are planning to set aside another £802m in total to tackle unsafe buildings in the wake of the Grenfell [...]