Conveyancing regulator finds transparency gaps in referrals
The Council for Licensed Conveyancers (CLC) has published interim findings revealing transparency issues in referral arrangements between conveyancers and estate agents, with almost half of examined practices lacking proper documentation.…
Off-plan buyers gain £26,000 before completion, data shows
Buyers purchasing new-build properties off-plan in London have seen average gains of £26,000 before completion, according to analysis by Foxtons. The estate agency’s data shows that new-build house prices across…
Land Registry launches trial to tackle property sale failures
HM Land Registry has approved a 12-month trial scheme designed to reduce property sale fall-throughs by enabling sellers to identify and correct data errors before marketing their homes. The proof…
TV presenter purchases Surrey home from Omaze prize winner
Television presenter Alan Titchmarsh has acquired a six-bedroom property in Surrey for £2.75 million, according to estate agents involved in the transaction. The property was previously won by Ms Reid,…
Bank of England MPC member signals support for rate rise
A Bank of England policymaker has indicated support for raising interest rates, increasing the likelihood of higher borrowing costs ahead of the Monetary Policy Committee’s next decision on 18th June.…
Survey reveals tenant concerns over landlord compliance
A survey of over 1,100 tenants has found widespread uncertainty about whether landlords and managing agents have fully complied with the Renters’ Rights Act, which came into force earlier this…
OakNorth finances two UK assets for Jamestown-advised fund
OakNorth has provided property finance to a European investor advised by Jamestown for two UK commercial assets, covering an acquisition in Surrey and a refinancing in Edinburgh. The facility supports…
Aberdeen office secures £8.4m bridging loan in one month
Pallas Capital has provided an £8.4m bridging finance facility on a Grade A office building and car park in Aberdeen, completing the 12-month loan within a one-month timeframe. The 60,000…
YourTRIBE secures £47m refinance for Elephant & Castle PBSA
Investec Bank has provided a £46.95m senior investment loan to purpose-built student accommodation operator YourTRIBE for its 226-bed scheme in Elephant & Castle, south London. The facility refinances the existing…
Freeholder group declines to disclose funding sources
A campaign group representing freeholders has declined to reveal the identities of its financial backers, raising questions about transparency as leasehold reform debates intensify. Justice for Property Rights, which claims…