Business rates hike forces estate agents to consider job cuts
A Somerset-based estate agency has warned that a 50% increase in business rates, combined with the impact of the Renters’ Rights Act, may force the firm to make redundancies. TOR…
Assetz Capital provides £2.73m for Midlothian development
Assetz Capital has completed a £2.73 million development finance facility for the refinance and completion of Dalmahoy Farm Villas, a part-completed residential scheme in Midlothian, approximately 12 miles south west…
Pallas Capital completes £970k exit loan in five weeks
Pallas Capital has completed a £970,000 development exit loan for a residential scheme in Kibworth, Leicestershire, within a five-week timeframe. The 12-month bridging facility refinances an existing development facility and…
Avamore Capital completes £926k development loan in three weeks
Avamore Capital has completed a £926,000 ground-up development finance facility within three weeks, incorporating a day-one advance structure that allowed the borrower to refinance completed works and redistribute capital across…
Treasury considers one-year rent freeze for England
The Treasury is considering proposals to freeze private rents in England for up to one year as part of measures to address cost of living pressures, according to reports. The…
Bournemouth estate agency joins Your Move franchise network
Fahren Estate and Lettings Agents, a Bournemouth-based agency operating for over 25 years, is converting to a Your Move franchise in a deal that will see the business rebrand as…
Draper London plans five-office expansion across capital
Estate agency Draper London has announced plans to open up to five new offices across the capital over the next three to five years, alongside a recruitment drive targeting 20…
Japanese knotweed reduces UK property values by £21.4bn
Japanese knotweed is reducing UK property values by an estimated £21.4 billion, according to new research from invasive plant removal specialist Environet. The study indicates that more than 1.5 million…
Tenant confusion over Renters’ Rights Act creates challenges
Letting agents are facing increased workloads as new research reveals widespread confusion among tenants about the Renters’ Rights Act, which comes into force this week. While 73% of renters are…
Landlord receives suspended sentence for tenant harassment
A landlord has been given a 24-week suspended prison sentence after admitting to harassing a tenant through a campaign of threatening messages and phone calls in an attempt to force…