How Stamp duty will change March 24, 2010 On market with Foxtons for £249,999 Stamp Duty payable before budget: £2,499 Stamp Duty payable by first-time buyers now : Zero On market with Foxtons for £1,050,000 Stamp Duty payable now: £42,000 Stamp Duty payable as from April 2011: £55,125
WHAT THE OTHER PAPERS SAY THIS MORNING March 7, 2010 THE SUNDAYS The Sunday Telegraph NORTHERN ROCK £400M LOSS Northern Rock made multi-million pound losses for a third year running in 2009, the nationalised lender will reveal this week. The bank will report pre-tax losses of about £400m, analysts believe, a marked improvement on the £1.36bn of losses in 2008. Since the Government bailed it [...]
The Americans are coming to Battersea, and it’s no wonder February 25, 2010 WHEN do you know if an area is going up in the world? Normally an influx of luxury hotels and award-winning restaurants should be a good enough sign, but the arrival of the embassy of the world’s most powerful country might just trump those. The American Embassy may not be due to open in the [...]
Banks taking active role in senior hiring February 7, 2010 BANKS are taking a more active role in appointing senior level executives at troubled companies in which they were forced to buy equity. Banks want to protect their debt for equity swaps investments and are using the equity to have a greater say in the hiring of chief operating officers and finance and HR directors. [...]
FOCUS ON: BETHNAL GREEN, E2 February 4, 2010 HAGUE STREET, E2 6HN Price: £550,000 For its location – just one stop by Tube or 30 minutes walk to Liverpool Street – this three double-bedroom house offers good value for money. It is both spacious and airy and the living room benefits from windows to the front and back. The kitchen has room for [...]
FOCUS ON: TOOTING, SW17 January 28, 2010 FOXBOURNE ROAD, SW17 8EW Price: £750,000 This spacious Victorian house in a popular area in Tooting needs complete modernisation inside, so it would suit a buyer not needing to move urgently. Set over three floors, the property has four bedrooms, three reception rooms, a kitchen and a bathroom. But the buyer could remodel the inside [...]
FOCUS ON: RICHMOND, SURREY January 21, 2010 THE GRAND TERRACE, RICHMOND LOCK, TW1 1PX Price: From £1.35m The last phase of this development is scheduled for release at the end of this month and there will be 12 five-bedroom, period-style properties available to buy. The development is set close to the Thames and next to the Richmond promenade. Each property has four [...]
Take the train to Chelsea’s smart river developments January 14, 2010 THINK of Chelsea and you probably think of the King’s Road, and the streets crammed with attractive townhouses between Sloane Square and Battersea Bridge. Travel further west along the river, and you reach an area that used to be something of a West London oddity –?around Sands End and Chelsea Harbour – but is now [...]
Lenders seize control of Foxtons after debt deal January 7, 2010 CHEYNE Capital Management, one of the first London hedge funds to become a victim of the US sub-prime crisis in 2007, saw profits continue to fall last year. Revenues at the Pall Mall-based group tumbled 52 per cent between 2007/8 and 2008/9. The remuneration package shared between four directors – including co-founders Jonathan Lourie and [...]
Camden: an urban hotspot with leafy streets December 17, 2009 THOSE who consider Camden a gritty choice may want to think again. “Prices dipped in the credit crunch,” says Ed Robinson, of the year-old Camden office of Foxtons. “But they’re already higher than they were before it, and they’re going to rise next year. There’s limited stock and a lot of demand.” The spring opening [...]