Alan Denby, director of Pride in Place at Torbay Council, has announced a groundbreaking deal expected to be worth over £100m. This monumental agreement comes as a direct result of Torbay Council’s participation in The ‘UK’s Real Estate Investment & Infrastructure Forum’ (UKREiiF) annual event held in Leeds. Denby expressed his enthusiasm, stating, “We’ve worked […]
The number of first-time buyers in Scotland fell by 14% between January and August 2023, compared to the same period in 2022, according to the latest Bank of Scotland First-Time Buyer Review. This fall is not as sharp as the picture for the UK overall, where first-time buyers fell by 22%. First-time buyers in Scotland […]
Prime London markets are proving more resilient in the face of rising interest rates than their mainstream equivalents, according to Savills Q3 prime market index. Prices in prime central London fell by a marginal -0.5% on the quarter and -1.2% on the year, while more ‘needs-based’ outer prime London locations fell by a slightly greater […]
Alternative Bridging Corporation has cut the rates on its innovative Alternative Overdraft drawdown product by 0.10%. The Alternative Overdraft provides a flexible loan facility which delivers funds on 24 hours’ notice, and allows borrowers the opportunity to draw, repay or reduce funds to match their needs. It’s available for two years and provides multiple drawdowns […]
Roma Finance, the ‘borrower first’ lender, has today launched a RomaFLOW bridging product range with competitive rates and desktop valuations. The new RomaFLOW range has been put in place as a result of the continued success of the process of the same name. The new range has three new product focuses; FLOWbridge, focused on residential […]
82% of British business have reconfigured their office footprints to better suit hybrid working, according to new research. A study conducted by IWG, the world’s largest provider flexible workspace, among UK business leaders found that the majority of these changes have been designed to allow staff to work in offices and co-working locations closer to […]
House prices across the UK’s increasingly price sensitive prime markets nudged down for a fourth consecutive quarter in the three months to the end of September, taking annual falls to an average of 5.2%, according to the Savills quarterly prime residential index. By contrast, values at the top end of Scotland’s housing market held steady […]
Mortgage Broker Tools (MBT) has integrated its affordability-first research platform with MPowered Mortgages. MPowered Mortgages provides lending for homebuyers and remortgagers, using artificial intelligence (AI) supported by regional BDMs to simplify the mortgage journey. It is able to provide loan sizes up to 5.5x loan to income (LTI). MBT is an affordability-first research platform for […]
Real estate is more valuable than all 2022 global equities ($98.9tn) and debt securities ($129.8tn) combined, and almost four times that of global GDP ($100.6tn), says Savills. The value of all the gold ever mined, by comparison, stands at $12.2tn – just 3% the value of global real estate. Overall, the total value of global […]
Despite the prime minister Rishi Sunak’s plans to water down net zero targets on gas boilers the goal to fit all new homes with heat pumps by 2025 still stands. Industry experts worry there are insufficient qualified installers to scale up from fitting 60,000 heat pumps last year to an estimated 250,000 a year by […]
