Lendhub provides £1.22m for Havering housing scheme
Specialist property finance lender Lendhub has completed a £1.22 million development finance facility for the construction of two four-bedroom semi-detached houses in the London Borough of Havering. The 18-month facility…
Two in five leaseholders report unexpected service charge rises
Forty percent of leaseholders have experienced unexpected increases in their service charges, according to a survey of 2,000 leaseholders published in a new report. The research found that service charges…
Property fraud cases reach 55 in 12-month period
Criminals impersonating homeowners to sell properties fraudulently or secure mortgages were recorded in 55 cases over a 12-month period, according to figures obtained under the Freedom of Information Act from…
Property agency owners pursue new ventures after business sales
A business sales broker specialising in the property sector has revealed patterns emerging among agency owners following the sale of their businesses, with many pursuing second careers rather than retirement.…
Tenant advocacy group calls for penalties on deposit claims
Generation Rent has called on the Government to introduce penalties for landlords and letting agents who make inflated deposit claims, as ministers review the future of tenancy deposit protection schemes.…
Think tanks propose London housing plan for opposition parties
A joint report by two centre-right think tanks has outlined proposals for London’s housing crisis that could be adopted by Conservative or Reform UK administrations, identifying potential for up to…
Tax threshold changes to affect majority of landlords by 2028
Lower income thresholds will bring significantly more landlords into HMRC’s Making Tax Digital for Income Tax regime over the next two years, with industry body Propertymark advising letting agents to…
Cambridge single-family rental scheme secures £125m refinancing
Apache Capital and Nuveen Real Estate have secured £125 million in refinancing from United Overseas Bank for Present Made, Eddington, a 373-home single-family rental development in Cambridge. The two-year facility…
Bridging lender facilitates below-market property deal
Bridging lender Somo has completed a second charge loan enabling a borrower to acquire a buy-to-let property valued at £500,000 for £350,000, whilst simultaneously clearing six months of mortgage arrears.…
Average UK home price buys five beds or studio flat
New analysis from Rightmove has highlighted the significant regional variation in what the average UK asking price of £378,000 can purchase across different parts of the country. The property portal’s…