Let it be: London councils should allow offices and shops to be converted into homes January 31, 2019 Amid all the Brexit brouhaha in Westminster it is important that parliamentarians do not forget the many other issues that affect people's day-to-day lives. Bravo, therefore, to MP Chris Philp for reminding Theresa May during yesterday's Prime Minister's Questions that the dream of homeownership remains all too elusive for many young adults – particularly in [...]
Should we be worried about the rise of the Bank of Mum and Dad mortgage? January 30, 2019 In the years leading up to the financial crisis, it was relatively easy for wannabe homeowners to get loans for the full value of a property – otherwise known as a 100 per cent loan-to-value mortgage. Of course, we know the problems caused by these mammoth loans, and since then, affordability criteria have become stricter [...]
Heineken completes £2.2m redevelopment of The Gun in Spitalfields January 30, 2019 Heineken has completed the £2.2m redevelopment of historic East End pub The Gun, the company said today. The Gun, which was first opened in 1929, has undergone a radical transformation since closing its doors four years ago. Read more: Fuller's calls time on brewing business as Asahi agrees £250m deal The makeover, carried out with the [...]
Oddbins owner appoints administrators with hundreds of jobs at risk January 28, 2019 The owner of wine retailer Oddbins is preparing to appoint administrators for the second time in less than a decade. European Food Brokers, which owns subsidiaries Wine Cellar Trading and Whittalls Wine Merchants, said it has filed a notice of intent to appoint Duff & Phelps as administrators to fix an insolvency, Sky News reported tonight. EFB, [...]
Lloyds unveils family mortgage offer to help millennials buy a home January 28, 2019 Llloyds Bank will allow first-time buyers to avoid saving for a deposit by allowing parent’s savings to be used in its place. The Lend a Hand mortgage, which is 100 per cent loan-to-value, launched today removes the need for a deposit which is instead provided using the savings of the buyer's family member who can [...]
Holiday Homes: The best places to snap up a ski home in Austria before Brexit restrictions apply January 25, 2019 Ski resorts are rapidly discovering that it is actually the summer months that keep the cash tills ringing. This is why those offering year round Alpine appeal are proving to be the winners in the fickle property market, too. The Austrian Tyrol is no exception and while many of Europe’s ski resorts lie empty once [...]
London startups take the lead in Tech Nation’s fourth Upscale accelerator January 25, 2019 City startups have landed more than two thirds of the places available on Tech Nation’s fourth Upscale acceleration programme, beating out over 100 applicants. The digital entrepreneur network, which also runs a fintech accelerator backed by the Treasury, has selected 30 startups as “ones to watch” in 2019. The fast-growing tech firms will enter the programme’s [...]
Legal Q&A: I bought a leasehold house 10 years ago and I am worried I may have difficulties selling it. What should I do? January 24, 2019 Firstly, please do not assume that a leasehold house is bad news. There are many parts of the UK, especially in London, where there are a considerable number of leasehold houses that are perfectly saleable and mortgageable. You need to look through the documents you received from your solicitor to check if whether there are [...]
The new Urus is the world’s fastest SUV and an altogether different type of Lamborghini January 21, 2019 Remember the furore when Porsche launched its go-faster SUV, the Cayenne, in 2003? Po-faced purists were appalled, yet car buyers were enthralled, and BMW, Land Rover et al soon followed suit. Today, the Cayenne’s popularity means Porsche has effectively become an SUV company that also builds sports cars. Rewind to 1986, however, and it was [...]
Opinion: Property raffles are 500 times easier to win than the EuroMillions but they’re not going to go mainstream until they’re transparent January 18, 2019 Property raffles have certainly generated national media column inches over the past few years. There has been a huge buzz around the concept and it’s easy to see why – the thought of owning a multi-million pound home for the small cost of a ticket could turn an ordinary person struggling to get a foot [...]