United Trust Bank responds to the Government relaxing Covid-19 rules surrounding house moves and the news that some surveyors are preparing to recommence in-person valuations and inspections. Noel Meredith, executive director of United Trust Bank, commented: “The government’s relaxation of rules surrounding home moving activity and surveyors recommencing in-person valuations is welcome news and a […]
RICS UK Residential Market Survey, April 2020 With the market having been effectively closed for business, 80% of the April RICS UK Residential survey’s contributors saw both buyers and sellers pulling out of transactions, resulting in the newly agreed sales balance for April falling to -92%, down from -68% in March. In April, the survey […]
Developer Southern Grove has today announced plans to build a £80m GDV mixed-use residential and office complex in London’s Canada Water. The Brooklyn will provide 150 homes alongside 25,000 sq ft of B1 office space on the doorstep of one of London’s most extensive current regeneration projects. Southern Grove’s scheme has been designed by award-winning […]
LendInvest, the UK’s leading platform for property finance, has launched an exclusive one year fixed rate product, ‘BTL Plus’, via a select panel of key intermediary partners and packagers. Desktop valuations will be used to ascertain the security value, in absence of a valuer being able to make a physical visit to the property. The […]
‘Product-less’ lender, Octane Capital, today announced it has completed on a £1m auction bridge for a client of London-based broker, GI Solutions. When Octane received the pack, the client was already in a 10-day notice period, having been let down at the eleventh hour by another lender. As a result, they faced losing a six-figure […]
Legal & General Modular Homes announces that it has gained planning consent to deliver 154 homes, using modular construction, at an eight acre site on Portholme Road, Selby in North Yorkshire. From its factory in Sherburn-in-Elmet in Yorkshire, Legal & General Modular Homes has ambitions to build its annual housing delivery to 3,000 modular homes […]
RICS urges government to re-examine commercial use classes to aid flexibility of use going forward, as the Q1 2020 RICS UK Commercial Survey results point to a sharp deterioration in market sentiment, particularly in retail. Following what appeared to be a promising start to the year for the commercial market, social distancing measures and forced […]
Developer Southern Grove has today revealed details of its first autonomous, city centre apartment hotel. The £5m scheme, named ‘The Workshops’, represents a new hospitality concept for short-term city lets featuring ‘hands-off’, self-contained apartments. These will be let under Southern Grove’s burgeoning hospitality division. The development in Garden St, Sheffield, is an offshoot of a […]
Aspen Bridging has completed a £225k residential bridging loan in just 10 days, using its desktop valuations system to circumnavigate the current surveying shutdown prompted by Covid-19. The loan, which was finalised at a 0.84%pm flat rate over 10 months, was secured by an experienced property developer on a penthouse in Birmingham city centre to […]
‘Product-less’ lender, Octane Capital, today announced that it has completed on a £7.5m developer exit loan to a client of Alpe Capital secured against a completed 15-unit block of flats in South West London. The development funder needed to be urgently repaid as the developer had been delayed in starting the works by over a […]
