A daily roundup of all the key property news. UK house price growth fell to 0.3% annually in July, remaining below 1% for the eighth consecutive month, according to Nationwide’s latest data, leaving the average UK house price at £217,663. Jeremy Leaf, north London estate agent and a former Rics residential chairman, warned that favourable conditions are being curtailed by the continuing Brexit uncertainty.
BCP Council (Christchurch area): Jess Glover is ecstatic to announce that she has recently won a planning appeal to secure planning permission for the demolition of the existing chalet bungalow and erection of 4 detached dwellings in Mudeford, Christchurch. The plans were provided by Robert Rodway Design & Architecture.
The estate agency industry has recently been under “attack” from all manner of angles by ultimately the UK Government, mostly focusing on various elements of reform.June (after a significant time) the tenant fee ban took effect, from which the industry has sought many ways to bring income back into the business to make up the shortfall.
One Wight Health is private limited company, established in 2014 and is a federation of all 16 of the General Practitioner (GP) practices on the Island. Although members remain independent, by coming together practices can work together to meet the changing needs of our local population.
Home to one of the most famous sporting and event venues in the world, Wembley is undergoing one of the largest urban regeneration projects in Europe.With its iconic arch and capacity to hold up to 90,000 people, with great surrounding amenities, Wembley Stadium has helped elevate the area into one of the most up and coming areas in the capital.
A daily roundup of all the key property news.The number of UK mortgage approvals hit 66,400 in June, up from 65,650 in May, according to the Bank of England's latest data, above economists’ expectations and the highest number since January. In addition to a small boost from dodging a no-deal Brexit in March, record employment, sustained wage growth and low interest rates have boosted demand.
Southampton City Council: Pure Town Planning are pleased to announce that Dan Wilden has just secured outline planning consent for the erection of a block of fourteen 2-bedroom apartments at a site in Shirley, Southampton.The scheme was designed by local architects ARC Architecture and is on a prominent corner site approaching Shirley High Street, currently occupied by a redundant doctors’ surgery.
Corporate second charge.A large established business with multiple cross charges on assets required funds to use for cashflow in the business whilst a deal they are working on comes to fruition later this year. As the funds were only needed for a few months, the best option was a second charge bridge.
Development of 30 flats with commercial. £10m GDV. This project is currently at the planning stage. Lenders will not provide development funding until full planning has been approved. In this instance, the client was contractually obligated to complete within 10 days of planning approval being granted,
Stock levels are currently insufficient to match levels of demand from buyers and this imbalance could ultimately keep driving prices upwards, moreover, interest rates remain low and there is more choice than ever from mortgage lenders, hopefully, signs of increased confidence among buyers will eventually be reflected by renewed vendor confidence and we will see a wider range of properties being made available for sale.
Setfords are delighted to announce that our client Fashion on Screen Plc has completed on the listing of their shares on the Vienna Borse exchange.The project was led by our senior commercial consultant solicitor Paul Puxon who assisted in preparing the information memorandum and all the ancillary legal documents required for a stock exchange listing. Paul is also the company secretary.
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