Barratt wins landmark court battle against contractor to pay for post-Grenfell works
Housebuilders’ suppliers are on the hook for building remediation costs following a ruling from the Supreme Court. The developer Barratt Redrow won a Supreme Court ruling against engineering consultancy URS,…
Confidence in UK buy-to-let limited
Just 3% of property professionals are most confident in the prospects of buy-to-let this year, suggesting many regard the current environment to be hostile towards investors. Instead, half (50%) have…
Major commercial building being constructed in Manchester
A commercial building spanning 233,000 sq ft near Manchester’s Piccadilly Station is being constructed called The Republic. The development will sit within Mayfield Park from developer Landsec with construction business…
Mortgage fraud going largely undetected
The true scale of mortgage fraud in the UK may be far greater than official enforcement figures suggest, client due diligence platform Thirdfort has warned. Mortgage fraud often involves forged…
UK build-to-rent sector attracting more interest
Funders are seeing overwhelming interest in the build-to-rent sector. Half (50%) of funders experienced a very strong appetite for lending to build-to-rent schemes and a similar proportion (47%) still have…
Circa London partners with developer to sell £9.6m Dulwich townhouses to Far East buyers
Luxury estate agency firm Circa London has partnered with Castlemere Developments to market its new £9.6 million townhouse development in Dulwich to buyers in the Far East. Circa London has…
Construction industry set for downturn despite temporary spike
The construction sector saw a 33% rise in project-starts in the three months to May compared to the three months before, research from construction firm Glenigan has revealed. However, it’s…
Investors switching from resi to commercial
Property investors are switching from residential to commercial, which is a response to the government attempting to rebalance the power between landlords and tenants. That is according to a report…
Mortgage brokers could lose market share thanks to AI and regulation
Artificial intelligence and regulatory changes mean borrowers could be driven away from the intermediary channel, multiple broker firms have warned. Regulator the Financial Conduct Authority (FCA) is consulting on rules…
‘Wake-up call’ as first-time buyer offers down 55%
There’s been a 55% drop in first-time buyer offers in this quarter compared to the same time last year due to the cliff edge nature of the the stamp duty…