£3.5m finance secured for Ringwood Corn Exchange scheme
Pallas Capital has provided £3.54 million in development finance to support the conversion of The Corn Exchange in Ringwood, a building that has remained vacant for more than 20 years.…
St Albans development secures £12.5m finance package
Paragon Development Finance has provided a £12.5m facility to SME developer BQ Properties (St Albans) Limited for a mixed-use scheme at 67-69 St Peter’s Street in St Albans city centre.…
First-time buyers overestimate deposit requirements
A significant proportion of prospective first-time buyers are delaying property purchases due to misconceptions about minimum deposit requirements, according to research from Mortgage Advice Bureau (MAB). The broker’s survey of…
Tribunal overturns £24,500 HMO penalty in ‘rack rent’ case
The Upper Tribunal has overturned a £24,500 penalty issued to a landlord by Waltham Forest Council, ruling she was not in legal control of a property operated unlawfully as a…
Estate agency AI tools face scrutiny over costs and risks
Property technology providers are facing questions over the capabilities and true costs of artificial intelligence tools being marketed to estate agents, according to industry analysis highlighting concerns about transparency and…
Council search delays reach 92 days in some areas
Property transactions across England and Wales are facing delays of up to three months due to extended Local Authority search turnaround times, according to research by House Buyer Bureau. The…
Local authority search delays reach 92 working days
Local authority search wait times have extended beyond four months in some parts of the UK, with industry figures warning that prolonged delays are contributing to property transaction failures. Bracknell…
Think tank proposes rent controls with tax reforms
The Joseph Rowntree Foundation has proposed a system of rent controls combined with significant changes to landlord taxation, claiming the dual approach could reduce housing costs for tenants without triggering…
Period flats across UK listed from £143,000 to £1.55m
Five art deco and modernist apartments have been listed for sale across England and Scotland, with prices ranging from £143,000 to £1.55 million, according to property listings. In Glasgow, a…
Aldershot developer secures £220k exit finance
District & County Investments (DCI) has provided a £220,000 net (£252,000 gross) development exit facility to an SME developer in Aldershot, allowing the borrower to extract equity from a completed…