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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.
City AM (29/07/2019)
An overhaul of stamp duty to boost home ownership is being planned by Boris Johnson. The new Prime Minister is considering abolishing the levy on homes worth less than £500,000 and making sellers pay, not buyers. He has also promised to help “cheated” leaseholders so they are no longer trapped in properties that are unsellable or unmortgageable because of spiralling charges.
Daily Mail (26/07/2019) The Daily Telegraph (26/07/2019) The Guardian (26/07/2019)
Poplar Harca has appointed Thomas Sinden as the contractor to deliver 13 new homes on Bromley High Street. The infill site will provide 10 intermediate houses and three affordable units, as well as private amenity space and a large communal garden.
Planning, BIM & Construction Today (22/07/2019)
Homes & Property looks at what is still available to by using the Government's controversial equity loan scheme. Some of the properties are available at located at Aberfeldy Village, he transformation of the docklands at East India Quays in Tower Hamlets. It’s a collection of one- and two-bedroom homes around a new park. Prices start from £510,000 with Help to Buy.
Homes & Property (24/07/2019)
Fairview New Homes has launched a new residential development just a few minutes’ walk from Greenwich Park. Located on Greenwich High Road, not far from the Thames, and with excellent transport links to the Isle of Dogs, the City, and Central London, the collection of one-, two- and three-bedroom apartments offers spectacular views across the capital. A one-bed property can be had from £425,000, with London Help to Buy available.
Metro (22/07/2019)
The Greater London Authority (GLA) has received plans for the regeneration of the Bishopsgate Goodsyard. The scheme, a joint venture between two property developers, Hammerson and Ballymore, would create a 10-acre mixed-use scheme in the heart of Shoreditch, east London. The revised application comes after the initial plans for the development of the site in 2014, (which comprised 1,356 new homes, 700,000 sq ft office space and 180,000 sq ft of retail space) were “called in” by the then Mayor of London Boris Johnson, with the GLA assuming the role of Local Planning Authority for the application.
East London Lines (25/07/2019)