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Thursday, June 18, 2020
Wednesday, June 17, 2020
Can you make an offer on a house that is under offer? Nottingham Estate Agents
One of the questions most frequently asked by house-hunters is: what is the difference between ‘under offer’ and ‘sold subject to contract’? They have seen both terms applied to properties and assume, reasonably enough, that they must mean different things. In fact, and confusingly, they mean pretty much the same thing. It just depends which […]
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Labour quizzes PM on planning decision that saved Tory donor £40m
Boris Johnson asked to disclose any contact with donor Richard Desmond prior to housing minister overruling council
Boris Johnson is facing pressure to disclose any meetings he had with Richard Desmond before a minister overruled planners, saving the former Express newspapers owner about £40m on a London property development.
After Johnson was quizzed about the issue at prime minister’s questions, Labour formally asked for details of any contact with Desmond since he had entered No 10, and with other Conservative party donors.
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Nationwide triples minimum deposit for UK first-time buyers
Mortgage lender sets 15% level to help protect customers from negative equity
One of Britain’s biggest mortgage lenders, Nationwide, is to triple the minimum deposit that first-time buyers must put down as it braces itself for falling house prices and the possible return of negative equity.
Nationwide said from Thursday it will withdraw all its new loan deals where the first-time buyer only puts up a 5% deposit and set a new minimum deposit of 15%.
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Private rents in England hit record high during coronavirus lockdown
Median rent was highest in London – at £1,425 a month – according to ONS data
Private-sector rents in England hit a record high of £700 a month just as the country was heading into coronavirus lockdown, according to figures from the Office for National Statistics (ONS).
The median rent was highest in London, at £1,425 a month, and lowest in north-east England, at £495.
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