Help to Buy: helping everywhere except London

First time buyers are rushing to take advantage of the government’s Help to Buy scheme, 82% of completed purchases were made by first-time buyers. This could be due to the fact that the average cost for purchasing a house on the scheme is around £187,800 which is significantly below the...

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London and the Royal Borough leads UK property slowdown

As London home sellers reduce their asking prices in the largest cut in over six years this August, experts have been arguing that there are strong signs that the London property market is finally beginning to cool down. House values in the capital have fallen 5.9% in the largest drop...

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Two legal notices served on local developers

Planners from the Royal Borough of Kensington and Chelsea have ordered work to stop at 41-43 Beaufort Gardens, SW3 unless the developers stick to agreed construction traffic management plans following residents’ concerns that health and safety procedures were not in place during the delivery of construction materials to and from...

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How to create a multi-generational home

Over a quarter of working adults (18-34 yr olds) are still living at home due to unaffordable rising house prices. Michael Holmes, spokesperson for The London Homebuilding & Renovating and Home Improvement Show (26-28 September, Kensington Olympia, London) offers property advice for people who find themselves in that position:  What...

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New York

New York

As New Yorkers turn to summer play in the Hamptons, the mood in the markets is decidedly less relaxed. Souring the outlook are debt crises across Europe, from Greece to Ireland, as well as a U.S. unemployment rate stuck at  9%. Meanwhile, the Obama administration is fighting with Congress over...

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Online or On Hand: 21st Century conveyancing

Online or On Hand: 21st Century conveyancing

The listing of on-line conveyancing service ‘In-Deed Online’ on the AIM market in June heralded the coming of age of on-line conveyancing (www.in-deed.net). In-Deed was founded by founder of RightMove, Harry Hill, and Peter Gordon, former partner at private equity group 3i. The quote from Phil Spencer (of TV property...

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Buy to Let – don’t risk becoming a victim of mortgage fraud

Buy to Let – don’t risk becoming a victim of mortgage fraud

A defendant was jailed earlier in July for stealing the identities of landlords and attempting to take out mortgages in their names.  This is technically known as ‘Property Title Fraud’ and the fraudster takes out the mortgage against the landlord’s property title, pockets the money and leaves the landlord (the...

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Should we worry that more banks will go bust?

All the headlines in the last few weeks about financial crisis have been focused on the sovereign debt issues relating to borrowing by euro zone nations such Greece, Italy, Portugal and Spain. But how strong are the banks across the European Union which could be at risk if financial conditions...

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