Are you worried your buyer might walk away? Sam Samuel, Director at Edward Ashdale, Bromley, gives his advice on what you can do to protect yourself The last thing that you want to happen once you have found a dream home is to see your buyer walk away. According to Sam Samuel, Director at Edward […]
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Bank of England looks at rules after gating or UK property fund and Neil Woodford saga
Investors could be blocked from pulling out their cash at short notice unless they are willing to take a hit on the value of their investment, the Bank of England has warned.
Proposals put forward by City regulators will put the investment sector back in the spotlight after the gating of one of the UK’s largest property funds this month and the high-profile collapse of Neil Woodford’s investment empire.
Continue reading...I work to support tenants who are being exploited by criminal landlords and are sometimes living in dangerous conditions
I work for a charity that supports tenants who are victimised by criminal landlords, in partnership with local authorities across London. My week begins with a 5am alarm and a strong coffee, before I accompany a local authority enforcement team on a raid of a property that we suspect is being let illegally.
Continue reading...Our plan is to sell my house, move into hers and then sell that and buy one together
Q My partner and I both own our own homes but we’re planning to move in together soon. Our plan is for me to sell my house, then move in with my partner at her house. Shortly afterwards she would sell her house and we will then buy a new house together. This is to avoid setting up a complicated chain which will make it difficult to complete a purchase.
My house is worth around £140,000 and I have a mortgage balance of around £90,000. Her house is worth around £110,000 and she has a mortgage balance of £50,000.
Continue reading...A missile silo converted into a 15-storey luxury subterranean apartment complex could be a taste of what lies in store in cities around the world
Tucked away among cornfields in the midwestern United States, a military-grade chainlink fence surrounds a verdant berm on an otherwise empty plot of land. It is guarded by a camouflaged lookout with an assault rifle. Underneath this unassuming hill is a 15-storey inverted luxury tower block called the Survival Condo – and it could be a portend of future private underground developments in cities the world over.
Stretching 60 metres below the surface, the Kansas silo was one of 72 “hardened” missile structures built during the cold war to protect a ballistic missile with a nuclear payload one hundred times more powerful than the bomb dropped on Nagasaki.
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