Biden says Truss tax cuts were ‘a mistake’ and U-turn was ‘predictable’ October 16, 2022 US President Joe Biden has criticised Liz Truss’ tax plans as “a mistake” and said he “wasn’t the only one” who thought so. The President said the Prime Minister’s embarrassing U-turns were “predictable” when he was asked about it during a visit to an ice cream shop in Portland, Oregon. Biden said earlier this year [...]
Boris Johnson mulls a new Right to Buy scheme as housebuilding hits the curb May 2, 2022 Prime minister Boris Johnson is reportedly mullinh plans to bring in a new Right to Buy scheme, inspired by Margaret Thatcher, amid reports housebuilding has hit the curb. The plans seek to target “generation rent”, those whose hopes of owning a home have fallen increasingly out of reach despite being ‘of age’ to buy. [...]
Exclusive: More than 9m Britons hope to acquire their first home or buy a new property this year January 22, 2022 One in five UK adults plan to buy a property in 2022, according to a new study that was exclusively shared with City A.M. this morning. new research from Market Financial Solutions (MFS) has revealed. The bridging lender commissioned an independent survey among more than 2,000 UK adults. It found that 18% intend to purchase property this [...]
The City View: Guy Harrington, CEO of property lender Glenhawk, on housing market outlook April 7, 2022 Today Andy Silvester talks to CEO of property lender Glenhawk. They talk about Glenhawk’s inception and its bridging loans solutions; the housing market as it stands right now, its resilience, and what’s to be expected going forward; whether there is still the push to live outside of London; and demand for property in the capital. [...]
Bankers’ bonus cap could be scrapped by Kwasi Kwarteng September 14, 2022 The bankers’ bonus cap, which limits the pay of top City and Canary Wharf executives, could be scrapped by new Chancellor Kwasi Kwarteng. The cap, which was brought in as part of EU-wide efforts after the financial crisis, has long been criticised as an anti-competitive stranglehold on the capital’s competitiveness. Kwarteng wants to scrap the [...]
Homeowners offered energy MOT to ease bills August 1, 2022 Homeowners can benefit from recommendations for saving money on energy bills via a new website set up by the Government last weekend.
Dexters bets on US buyers to ride out UK’s cost of living crisis June 15, 2022 Dexters’ is “highly confident” that London’s property market will remain buoyant amid a cost of living crisis which is expected to weigh on house moving, CEO Andy Shepherd has told City A.M. today. The London real estate agent revenue has spiked more than a third over the past year, from £108.7m a year prior to [...]
UK looks to build upward with new planning laws July 21, 2020 The government will today put forward new planning laws that will make it easier for UK homeowners to add two storeys to their properties in a bid to ease the country’s housing crisis. Homeowners will be able to add extra storeys through a “fast track approvals process”, while the new laws will also allow developers [...]
Growth of property values hits 15-year high: House prices rise for fifth straight month amid 8.2 per cent annual jump December 7, 2021 Average UK property price hits a new record high of £272,992 last month, rising in November by 8.2 per cent compared to the same month a year earlier, according to Halifx, publishing its monthly index this morning. Prices increased by 1 per cent month-on-month in November while quarterly house price inflation is now at its [...]
Property lawyers should prepare for 2008-style crash, regulator says October 24, 2022 Property law firms should ready themselves for a “significant fall” in work as a result of a downturn in the UK’s real estate sector, the industry regulator has said. The Council for Licensed Conveyancers (CLC), which regulates conveyancers and property solicitors, said firms should prepare for a reversal of the past decade’s boom as economic [...]