Binghatti, the Dubai-based developer known for its groundbreaking projects, including the ongoing construction of the next world’s tallest building, has secured a prime location in London’s prestigious Knightsbridge district. The company has signed a 10-year lease for a 15,000 sq ft store and showroom at 197-205 Brompton Road, part of the South Kensington Estate. The […]
As has been well reported, The Scottish parliament declared a national ‘housing emergency’ in May this year. With housing completions in freefall, creative and collaboration will be required if the housebuilding sector is to be freed up to create the sustainable homes they want to build in the communities people need them across Scotland. Under […]
A surge in new instructions has swelled estate agents’ portfolios further, according to Home.co.uk’s Asking Price Index for September. However, given the large number of properties entering the market last month, the current total of stock for sale has only increased by a comparatively small margin. Hence, demand remains sufficiently strong to have prevented a […]
The Renters’ Rights Bill had its first reading in parliament yesterday. As expected, it included the abolition of Section 21, the no-fault eviction that was promised, but not enacted, by the previous administration. The bill is set to bring substantial changes to the property rental sector, with many landlords and key figures in the industry […]
Foundation Home Loans, the intermediary-only specialist lender, has announced it has successfully executed its first Residential Mortgage-Backed Securitisation (RMBS) backed by a mixed portfolio of both buy-to-let and owner-occupied mortgage loans. The securitisation, titled Braccan 2024-1, priced on 4 September, with Foundation seeking to sell £550m of mortgage loans. The new shelf sits alongside the […]
CEO of Octane Capital, Jonathan Samuels, has issued a warning to the new Labour government, highlighting that a continued attack on the nation’s buy-to-let landlords could push the current rental crisis beyond repair. With Labour planning a capital gains tax attack on landlords in the Autumn Statement, Octane Capital commissioned a survey of UK landlords to […]
New York accounted for a third of all leasing activity globally in the legal sector in the first half of 2024, says Savills, equating to over 1.4 million sq ft of space, out of a total of 4.3 million sq ft across the world’s 15 largest legal markets, reflecting its position as the world’s principal […]
Specialist asset-based lender Ultimate Finance has reduced its bridging finance rates across its range of bridging loans, now starting from 0.84%. Head of bridging finance Liam Cavanagh said: “We are committed to supporting the property industry and it is important to us that our offering remains competitive. By working in partnership with our brokers, we […]
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced that it is further reducing its two and five-year fixed rate deals on properties up to 75% LTV, by 0.15 and 0.10 basis points (bps) respectively. The lender said that it is offering the following for properties with an A to C-rated energy performance certificate […]
New data from Office Freedom reveals which cities are the cheapest to rent a desk across the UK. Post-pandemic businesses have been gradually re-introducing office working, with some companies now making it mandatory for employees to return to the office five days a week. Others have adopted flexible working, with companies turning to co-working spaces […]
