Think tank proposes national rent stabilisation scheme
The Institute for Public Policy Research (IPPR) has proposed a national rent stabilisation scheme designed to limit rent increases whilst addressing supply and investment concerns typically associated with rent controls.…
Lender provides £7.9m bridging loan for Mayfair property
FRP Real Estate Advisory has arranged a £7.9 million acquisition bridging loan with commercial lender CSBF to fund the purchase of a mixed-use property in Mayfair, London. The facility was…
Five English properties with garden-facing kitchens listed
Five properties across England featuring kitchens with direct garden access have been listed for sale, ranging from £650,000 to £2.5 million, according to estate agent listings. The properties span locations…
Spanish investor secures £1.2m Chelsea bridging loan
A Spanish-based property investor has secured a £1.2 million bridging loan against a Chelsea buy-to-let property, allowing them to refinance an expiring mortgage facility whilst releasing capital for a hospitality…
Specialist lender completes £2.9m bridging deals
Specialist bridging lender TAB has completed two bridging finance transactions totalling £2.9 million for properties in Oxfordshire and Kensington, both introduced through the same broker, Prism Private Finance. The first…
Lendhub provides £1.22m for Havering housing scheme
Specialist property finance lender Lendhub has completed a £1.22 million development finance facility for the construction of two four-bedroom semi-detached houses in the London Borough of Havering. The 18-month facility…
Two in five leaseholders report unexpected service charge rises
Forty percent of leaseholders have experienced unexpected increases in their service charges, according to a survey of 2,000 leaseholders published in a new report. The research found that service charges…
Cambridge single-family rental scheme secures £125m refinancing
Apache Capital and Nuveen Real Estate have secured £125 million in refinancing from United Overseas Bank for Present Made, Eddington, a 373-home single-family rental development in Cambridge. The two-year facility…
Bridging lender facilitates below-market property deal
Bridging lender Somo has completed a second charge loan enabling a borrower to acquire a buy-to-let property valued at £500,000 for £350,000, whilst simultaneously clearing six months of mortgage arrears.…
Average UK home price buys five beds or studio flat
New analysis from Rightmove has highlighted the significant regional variation in what the average UK asking price of £378,000 can purchase across different parts of the country. The property portal’s…