Developer wins landmark cladding case against designer
A developer has won a case against a high-rise building designer – after opting to carry out remedial works. Following the Grenfell Tower disaster developer BDW Trading investigated a number…
Rooftop solar held back, says expert
The lack of a government-backed guaranteed price for selling back surplus clean power to the UK energy grid is discouraging the installation of solar PV systems, according to energy consultancy…
A third of Central London homes are vacant
Some 32.9% of homes in the City of London are vacant, analysis from Compare My Move found. This effect has been worsened by a 27% increase in people leaving London…
First-time buyers neglecting coastal regions
Few first-time buyers are looking to buy property on the coast, with most instead gravitating to the cities over the past decade, Rightmove analysis shows. The number of future first-time…
One year of Labour: Investors frustrated at wait for planning reforms
After exactly one year of the new Labour government, its biggest failures relating to the property market are ineffective planning reform and a lack of incentives for developers and investors.…
Mortgage holders waiting for June base rate cut
Online remortgage searches dropped by 10% in June, indicating that many are waiting for an expected base rate cut. That is according to tech firm Twenty7tec, which found that searches…
Prime Central London an ‘anxious market’ due to falling prices
The Prime Central London market is the most ‘anxious’ it’s been for over a decade, according to London property broker Black Brick. Much of the anxiety steps from the departure…
Golden Age of UK property investment is over – research
The British obsession with property as a means of building wealth is outdated, as today’s house buyers will not match the gains of past generations, asset manager Rathbones has warned.…
The Mortgage Works cuts buy-to-let rates
The Mortgage Works is reducing buy-to-let rates by up to 0.35%, with rates starting from 2.79%. Its buy-to-let 2-year fixed rate (remortgage only) now costs 2.99% to 65% LTV with…
Haringey landlord fined £10,000 for running unlicensed property in poor condition
A Tottenham landlord has been fined £10,000 after repeatedly failing to license a privately rented property. The property in question was said to have multiple issues of disrepair, while the…