First-time buyers could see huge tax hit under rumored Budget change October 28, 2024 First-time buyers could see huge tax hit under changes rumored to be included in the Autumn budget. It has been rumoured that Chancellor of the Exchequer Rachel Reeves will rule out any changes to stamp duty land tax in the Budget. Stamp duty land tax currently applies to homes costing over £250,000, but in March [...]
Lendinvest taps Barclays, HSBC and BNP for £300m financing October 21, 2024 Lendinvest has renewed a £300m financing deal with Barclays, HSBC and France’s BNP Paribas as the property fintech looks to return to profitability. The AIM-listed firm said the revolving warehouse financing agreement, shared equally between the three banks, had been extended for an additional three years on what it called improved terms. LendInvest said the [...]
Rightmove still in play after REA walks away, analysts say October 1, 2024 Rightmove may have seen off Murdoch-owned REA’s unsolicited bids for the company, but the saga is likely to set more would-be bidders on the property platform’s tail, analysts have said. Its share price fell about seven per cent at the start of this week on news that Australian property firm REA had walked away from [...]
Historic Magna Carta house hits market for £4.5m September 23, 2024 The Victorian listed home where King John signed the Magna Carta in 1215 is on the market for £4.5m
REA raises Rightmove bid to £6.1bn as it slams ‘lack of engagement’ September 23, 2024 Australian property group REA has upped its takeover bid for Rightmove to £6.1bn, saying it is “genuinely disappointed” with the lack of engagement from the company so far. Earlier this month, Rightmove snubbed a £5.6bn offer from Rupert Murdoch-owned REA, saying it was “wholly opportunistic” and undervalued the British property portal. On Friday, the Rupert [...]
Housing operator Mears ups guidance as Ministry of Defence extends contracts August 8, 2024 Affordable housing operator Mears has reported an “excellent” set of results driven by government social housing contract wins and high demand from immigration-related services. Mears, which manages 17,000 houses for local and central government, reported a 10 per cent rise in revenue for the six months ended June 30, to £580m up from £525.6m. Profit [...]
Savills hails ‘signs of market recovery’ as half-year sales and profit rise August 8, 2024 Sales and profit increased at estate agent Savills in the first half of 2024 as both commercial and residential markets begin to show signs of recovery. The FTSE 250-listed firm has reported a five per cent rise in its revenue, from £1.011bn to £1.063bn, in the six months ended June 30. Its underlying pre-tax profit [...]