New government legislation that will require hotels, pubs and restaurants to have an Energy Performance Certificate (EPC) before they can be sold is already causing confusion, property experts have warned. The law, set to come into force on October 1, will mean any property that is up for sale or letting, or due to be put up for sale or letting, will need to have…
Morley Fund Management sold Mocatta House, Trafalgar Place, Brighton, to Invista for ?8.8 million. The office complex, next to Brighton railway station, measures 3,421sqm over six floors and has 63 car parking spaces. It is currently let to three tenants – the Post Office, Secretary of State for the Environment, and software company NC Soft Europe. Morley was represented by commercial real estate adviser CB…
Mortgage approvals hit their lowest in at least 15 years in July and the manufacturing sector shrank for a fourth straight month in August, surveys showed today.»Prospects for the UK economy remain grim,» said Michael Saunders, a Citigroup economist. «The economy is probably in recession now and no early recovery worth the name is likely in 2009.» The weak readings drove the pound down to…
ASDA are backing a campaign by the British Property Federation (BPF) and the British Retail Consortium (BRC) against the loss of empty property relief. Dubbed the ‘bombsite Britain’ tax by the media, in response to the increasing spate of demolitions as private and public sector landlords raze buildings across the country rather than pay the tax. While landlords have been hit, thousands of occupiers tied…
To buy or not to buy a place to call home is the question on many people’s minds when they reach a certain point in life. If you have a good job, you’re settled in one place and can see yourself staying there for the foreseeable future, so would it be more beneficial to take out a mortgage or continue to rent? Largely, the answer…
Buying property is always a big step – no matter if you’re moving in with a loved one, going it alone or purchasing a multi-bedroom place to share with friends – and it always requires a lot of work. However, as with most things in life, if you plan in advance you’ll cut your workload and be able to get the best deal. There are…
Availing of a mortgage means many things to those who wish to be homeowners. For most, it means entering into a lengthy and detailed process that requires a significant amount of paperwork — much of which is used to prove the identity of the borrower, source of income and the mortgage applicant’s prospects for repaying the loan. There is no shortage of people who have…
Amid reports of a new nation-wide mandatory registration for financiers — which may make mortgages more difficult to get — comes the great news that Denver realty is up again! These two pieces of news together mean that sooner (rather than later) would be a good time to list your Denver house — while mortgages are still easy to find. If mandatory registration of mortgage…