Reviving the Mary Celeste of property: Wandsworth’s most astonishing home May 5, 2016 When city recruiter Susan Cuff first viewed her home in Wandsworth, it was a bit like a residential Mary Celeste. Abandoned 18 months previously, there was still washing in the machine and uneaten food lying around. But underneath the debris of bachelors gone by, she saw there was potential for it to be an incredible [...]
The £18 million view: designer Martin Kemp on overlooking the Tower of London May 5, 2016 Of course the money shot is the view,” says interior designer to the world’s squillionaires, Martin Kemp, pointing out the vista of the Tower of London, Tower Bridge and the Thames at close quarters. I can spare a glance out of the window, but turn back to the job at hand of stroking my way [...]
Settled aims to make the home buying process far smoother May 5, 2016 While most people will start a home search these days on Rightmove or Zoopla, less of us are ready to ditch the traditional estate agent and go online, when it comes to the selling process. And the reason why the online agents have failed to grab a larger market share so far is, according to [...]
Gardening spend in the UK shows signs of slowing, survey shows May 4, 2016 The amount people in the UK spend on gardening is falling, new research has revealed. Despite the UK being a nation of garden lovers, with a third of people spending time every week gardening, total spend would appear to have dropped since Lloyds Bank Insurance carried out a survey last year. Just 12 per cent [...]
Investment in London offices hits £3.5bn in the first quarter despite Brexit jitters May 4, 2016 Investors appear to have put Brexit fears aside in the first quarter after splurging £3.5bn on London's office market, new research reveals. Real estate firm CBRE's quarterly figures show that total investment volumes were down 14 per cent on the previous quarter after a particularly strong end to 2015. However, this was on par with the first quarter [...]
Barclays has just started offering a 100 per cent mortgage (but bank of mum and dad is still required) May 4, 2016 We all know how well 100 per cent mortgages worked before the financial crisis – but now Barclays has become one of the first lenders since the crisis not to require a deposit from first-time buyers. Well, sort of. The lender said it has made changes to one of its first time buyer mortgages which means borrowers [...]
Extended right to buy scheme could cost London councils just shy of £50m each May 4, 2016 Councils in London will need to fork out £49m a year on average to fund government’s planned extensions to the right to buy scheme, a report out today by Shelter has warned. Under the right to buy extension, local authorities will be forced to sell off a proportion of their vacant council house stock on the open [...]
Failure to tackle the scourge of rising rents will undermine London’s startup renaissance May 3, 2016 Wikipedia founder Jimmy Wales once said that “in the US, Washington is politics, LA is Hollywood, San Francisco is tech, New York is advertising and finance, but London is all of those things.” If anything, he is selling our city short; throw in the culture of the city that shaped creative geniuses such as Charles [...]
UK house prices: Bank of mum and dad ranks among UK’s top mortgage lenders as parents spend £5bn helping children onto property ladder May 3, 2016 Parents will lend over £5bn this year helping their children get a leg up onto the UK's slippery housing ladder, placing the "bank of mum and dad" firmly in the ranks of the top 10 mortgage lenders in the country, a new report today reveals. The study – by FTSE 100 insurer Legal & General and Cebr, [...]
London house prices: Growth in prime postcodes has declined to lowest rate in more than six years May 2, 2016 Annual house prices in prime central London areas grew at their slowest pace in six and a half years in April, as the economic uncertainty and recent tax changes continued to unsettle prospective buyers. Knight Frank's latest monthly sale index released today shows that although viewings are up by a quarter over the year, the number of prospective buyers [...]