Sir Frederick Barclay threatens to sue twin over Ritz London hotel

Tycoon to take action if brother’s family tries to sell property for less than £1bn

Sir Frederick Barclay is threatening to launch legal action against his twin brother’s family if they attempt to sell the Ritz London hotel for less than £1bn.

The property has become the focal point in a power struggle between the two sides of the once secretive multi-billionaire family, which was thrust into the spotlight last week when the high court heard that Frederick had been secretly recorded in the hotel’s conservatory for several months by his nephew.

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Rental jargon buster: Simplified terms for tenants Nottingham Estate Agents

Find out the latest rental terms and terminology with our jargon buster guide. Whether you are a new or an existing tenant, the world of lettings is constantly changing. Our rental jargon-busting guide explains the words and expressions that are in regular use when letting a property. We explain everything from dilapidations and deposit protection schemes to […]

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Save money on your spring renovation

Are you planning to fix up your home this springtime? It’s a great time to do it as you can open the windows without freezing the place but the temperatures are also not too hot to work in. The trouble is that when a lot of people want to renovate at once, prices of materials […]

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What to consider when searching for a home in a new area Nottingham Estate Agents

Packing up and relocating to another city, or, for that matter, to another country, is a major undertaking. RE/MAX London offers advice.  It is imperative to do necessary research and weigh up all the options before making the final decision. Whether you are emigrating or moving within the UK, there are essential aspects that should be assessed in every […]

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London parking space costs as much as five-bed Scottish retreat

Which would you rather buy?

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I can't afford a flat in London even though I've saved a deposit

I’ve lived in Wanstead all my life and my hopes were raised by an ‘affordable’ development

Q Since graduation from art college in 2009, I’ve been able to live at home rent free so despite being on a lowish salary of £20,000 as a trainee teaching assistant, I have managed to save a total of £35,000. By the end of June when I graduate from teacher training, I will move on to a salary of £28,000 which will go up to £30,000 after a year.

I’ve lived in Wanstead all my life and never assumed that I could afford to buy here but recently read that Pocket Living will be building 20 one-bedroom flats near Wanstead station. The flats will be priced at £275,000 in an area where flats are normally priced at upwards of £300,000. I fit Pocket Living’s eligibility criteria for buying as I will be a first-time buyer and I already both live and work in the borough.
Sadly, because my salary will be £28,000, the biggest mortgage I can get – if I borrow five times my salary – would be £140,000. I’m unsure of what to do for the future. If I don’t buy now, I will carry on saving – probably more than now after my salary increase – as my mother has no intention of moving or charging me rent. But I feel that for every year I save flat prices will increase and I will be forever playing catch up unless I take out a help-to-buy equity loan but I don’t know if that’s a good idea. I have no desire to live or buy in another part of London either and I wish to buy alone. I understand that I’m striving for the impossible but would be grateful for any advice or insight.
EP

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Country diary: a jewel-eyed destroyer infests the knapweed

Romaldkirk, Teesdale: One common name for this plant is hardheads and thanks to picture-winged fly larvae some heads are harder than others

When I walked this stretch of the Tees Valley railway path last summer, the purple “shaving brush” flowers of common knapweed, Centaurea nigra, swarmed with bees, butterflies and hoverflies. It’s an ecologically important element of our native flora, so familiar that over 50 local names have been recorded for it, from iron knobs (Cheshire) to lady’s cushion (Kent). It’s also a useful plant for a wildlife-friendly garden. So, on a bitterly cold February day, I went back to collect seeds.

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