Cornwall housing crisis forces young workers into vans
Young workers in Cornwall are increasingly living in campervans due to a shortage of affordable housing, as tourist property purchases and short-term rental conversions reduce long-term accommodation options in the…
Knight Frank appoints new London residential sales head
Knight Frank has appointed Liza-Jane Kelly as head of London residential sales, with the former Savills executive set to join the firm in September. Kelly will become a Proprietary Partner…
Paragon provides £5.32m for Sheffield apartment scheme
Paragon Development Finance has provided a £5.32 million facility for Kelham Exchange, a mixed-use development comprising 43 apartments and four commercial units on Acorn Street in Sheffield’s Kelham Island district.…
Atelier provides £16m for Cambridge student housing refurb
Atelier has provided a £16 million development finance loan to fund the refurbishment of a 150-bed purpose-built student accommodation scheme in Cambridge, marking the lender’s ninth transaction with developer Rengen.…
Bridging lender completes £600,000 auction deal in six days
United Trust Bank has completed a £600,000 regulated bridging loan within six days, allowing borrowers to meet the completion deadline on an auction purchase of a Grade II listed five-bedroom…
Northern England property sales surpass London for first time
Property sales in Northern England have exceeded London’s transaction values for the first time in two decades, according to research from Savills. The total value of homes sold across the…
Ombudsman backs landlord in rent-to-rent dispute
The Property Ombudsman has issued a provisional decision against a letting agency after finding it transferred a landlord’s student HMO into a rent-to-rent arrangement without his knowledge or consent. According…
Landlords face £7,000 fines under new rental safety rules
Landlords who fail to address serious hazards in rental properties now face fines of up to £7,000 under new enforcement powers granted to local councils through the Renters’ Rights Act.…
Knight Frank enters redundancy consultation process
Knight Frank has initiated a redundancy consultation affecting less than 3% of its UK workforce, despite posting a 6.3% increase in annual revenues. The agency confirmed the consultation is underway…
Kent letting agent fined £15,000 for client money breach
A Kent-based letting agency has paid a £15,000 civil penalty after operating without required client money protection, highlighting ongoing enforcement of regulations designed to safeguard landlord and tenant funds. Homelet…