Is 2024 time to buy as house prices stabilise? The latest data says… maybe December 8, 2023 House prices are expected to fall by two per cent next year, according to the latest reading from Zoopla, as the hangover from high mortgages appears to be dragging into next year. While slipping house prices can often be an indicator of poor economic health, house prices still remain around £40k above pre-pandemic levels. The [...]
Navigate the complicated London property market with ease September 14, 2023 Transacting in the Greater London property market can often be a stressful and incredibly time-consuming endeavour. Whether you’re dealing with obstructive lawyers, a lack of communication, hidden costs or unexpected delays, the whole process can be confusing and anxiety-inducing. That’s why it pays to partner with a law firm that specialises in real estate who [...]
LendInvest: Property fintech brings Lloyds funding deal to £300m for mortgage market push January 17, 2023 LendInvest has secured a new £120m funding boost from Lloyds Bank today as it prepares a push into the UK’s £1.2tn homeowner mortgage market for the first time. The London-listed property fintech firm said Lloyds had now offered up a credit facility worth £300m after striking a deal for an initial £180m in October to [...]
In defence of landlords, by the Bank of England July 18, 2023 Few people in Britain draw as much scorn than landlords. It’s easy to understand why. Young people shackled to renting see landlords as a barrier to their homeownership dreams. Particularly in London, renters hate handing over a huge share of their monthly wage to property investors. Doing so stops them from using their cash [...]
Londoners most at risk of being among the 350,000 UK borrowers who will struggle to repay their mortgage, regulator warns March 10, 2023 An extra 356,000 mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind, according to the City regulator. This has been reduced from a previous estimate made last September that an additional 570,000 mortgage borrowers could become financially stretched by the end of June 2024, [...]
Sunak strips HS2 bosses of London Euston responsibility: ‘There must be accountability for mistakes made’ October 4, 2023 HS2 Ltd has been stripped of responsibility for Euston station as there “must be some accountability for the mistakes made”, Prime Minister Rishi Sunak said. Rishi Sunak used his speech at the Conservative Party conference to confirm that the high-speed railway will reach the central London station after developing a plan that will generate cost [...]
Nearly half of tenants struggle to pay rent with millions now facing ‘financial vulnerability’ July 14, 2023 Nearly half of tenants are struggling to pay their rent, with millions now spending more of their disposable income on renting costs than homeowners. As the cost of living crisis has led many landlords to up the costs of rent, some 21 per cent of tenants report spending a higher proportion of their disposable income [...]
Make your own Chelsea Flower Show winner on a London balcony May 25, 2023 The arrival of the Chelsea Flower Show has coincided with the first sustained spell of nice weather in a hitherto miserable 2023. Now Londoners can finally open their garden sheds and channel their inner Alan Titchmarsh, attempting to turn their outdoor spaces into something bright and spectacular. The Chelsea Flower Show this year is themed [...]
Landlords in wealthy London boroughs feel the pinch as Chinese students ditch UK September 13, 2023 Landlords in wealthy London boroughs are feeling the pinch from international students choosing to study outside the UK, as rents in premium postcodes showed signs of slowing. The average rental value growth in prime central London (PCL) – which includes the likes of Chelsea and Kensington – fell to 12.4 per in the year to [...]
So much for the pandemic exodus: Home sellers’ confidence grows while WFH drives suburb popularity June 9, 2021 London has brushed off fears its population plan to leave en-masse, however home working has influenced where workers would like to live in the capital. Much has been made of the ‘London exodus’; the idea being that professionals who are no longer obligated to sit at a desk for five days per week would rather [...]