Compass’ demand, CRMLS’ rejection — the clash: Top 5
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
Real Estate
After ‘softer’ September jobs report, could mortgage rates dip?
Employers added 29,000 jobs in September. Economists at NAR and First American said the report could bring mortgage rates down after a month of increases.
Lender completes £755,000 hotel refinance in under a month
A bridging finance lender has completed a £755,000 refinance on an 18-bedroom hotel in Somerset less than a month after joining a lending platform. The case progressed rapidly after the lender agreed
Bridging lender completes £490,000 auction finance in four days
Bridging lender WSP Capital has completed £490,000 of auction finance at 75% loan-to-value within four days of issuing its formal offer. The transaction was arranged after the borrower's original lend
Two-thirds of landlords plan rent increases post-reform
Approximately two-thirds of landlords intend to raise rents following implementation of the Renters' Rights Act, according to new research from the Deposit Protection Service. The proportion planning
Cynergy Bank finances £32m South London retail portfolio
Real estate finance specialist SHC Capital has arranged an investment term loan from Cynergy Bank for a property investment group, secured against a multi-asset high street retail portfolio in South L
London rental demand rises 7% as national market weakens
Tenant demand in London has increased 7% year-on-year, reversing earlier declines and bucking the national trend where enquiries remain 2% below last year's levels. The capital is now one of only two
Property tax reform debate intensifies ahead of autumn budget
The upcoming Autumn Budget presents the Chancellor with competing fiscal pressures as the government seeks to raise revenue whilst maintaining economic growth. Property taxation has emerged as a focal
Real estate appointments: New CEOs, promotions and moves
Homes for Heroes named interim chief Amit Kulkarni CEO as founder Ruth Johnson became executive chairman, while Westcor, Wintrust Mortgage and Arrow Real Estate Advisors named new leaders, according t
RAW Capital Partners’ loan book exceeds £250m
RAW Capital Partners has announced that its loan book now exceeds £250 million, marking another milestone in the company’s growth in recent years. Launched in 2015, the Guernsey-based investment manag
Cladding remediation backlog increases 12% as approvals slow
The number of residential buildings awaiting cladding remediation in the UK has risen by 12% since January, with 4,697 blocks now monitored for potential work. Building Safety Regulator approvals are
Suffolk estate agent completes eighth acquisition
A Your Move franchise operator in Suffolk has acquired a lettings agency with 125 managed properties, marking the eighth acquisition completed by the business in 18 months. Oliver Hurren, who runs fou
UK property transactions decline 2% year-on-year in August
UK residential property transactions fell 1% in August compared to July, with HMRC figures showing 95,220 deals completed. The figure represents a 2% decline year-on-year as the market awaits the Chan
Tenant referencing gains prominence as CCJs rise 11.6%
Landlords across England and Wales are placing greater emphasis on tenant referencing procedures following restrictions on advance rent payments and a significant rise in County Court Judgements. Data
Property software firm highlights due diligence risks
Estate agency software provider Veco has highlighted the importance of robust systems and processes for agencies considering growth or eventual sale, pointing to compliance records and operational dep
Specialist lender provides £1.9m bridging loan for Watford barn
Specialist lender Glenhawk has provided a £1.9 million regulated bridging loan secured against a converted barn in Watford, allowing the borrower additional time to market the property. The facility w
Burnham announces housing reforms targeting landlords
Prime Minister Andy Burnham has outlined housing policy measures at the Labour Party Conference, including reforms to first-time buyer schemes, leasehold legislation, and new powers for councils to ad
Bridging loan releases equity for shopping centre purchase
StreamBank has provided a £1.5 million bridging loan to fund an experienced property investor's acquisition of a £3 million shopping centre in Peterlee, County Durham. The 12-month facility was secure
Developer secures £822,000 exit finance in Sydenham
A specialist lender has provided £822,000 in developer exit finance for a residential scheme in Sydenham, South East London. The 12-month loan at 70% LTV is secured against two unsold flats in an eigh
UK mortgage approvals fall to 32-month low in August
Mortgage approvals for UK home purchases dropped to their lowest level in 32 months during August, as geopolitical tensions contributed to rising borrowing costs. Just 54,918 mortgages for new home pu
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