TAMESIDE Council’s planning committee has unanimously approved a mixed-use scheme that will see the redevelopment of Britannia Mill in Mossley.
Regeneration consultancy Nexus Planning secured planning permission for the former rope factory on behalf of landowner English Braids.
The scheme for the 40,000 sq ft mill, which sits directly opposite Mossley train station, includes 62 two and three-bed apartments, 8,000 sq ft of retail space and 133 parking spaces.
Over 500,000 people have opened Help to Buy ISAs, which offer government bonuses of up to £3000, as they save towards buying a home, the latest data shows.
Figures also show that since the launch of the Help to Buy equity loan, mortgage guarantee and ISA schemes over 160,000 completions under the schemes have taken place, with 80% having been made by first time buyers.
The average house price being purchased with support from the Help to Buy schemes is £189,795, significantly below the national average and 94% of Help to Buy completions have taken place outside London.
One of Singapore's largest lenders, UOB, says it has suspended its loan programme for London properties.
The decision comes in response to uncertainty caused by the UK's decision to leave the EU, the bank said.
The vote on 23 June caused global market turmoil and pushed the pound to 31-year lows. The Singapore dollar has gained about 10% since the referendum.
Singaporeans were the top Asian buyers of UK commercial property in 2015, according to consultancy Knight Frank.
A leading London buying agency is warning that some areas of prime central London could face a downturn following the Brexit vote - but that the world’s “global elite” won’t be affected by the UK leaving the EU.
Changes to the process of accelerated possession have put an end to so-called ‘seven day evictions’.
In reality there never was such a thing, says Paul Shamplina of evictions specialist firm Landlord Action.
Most landlords and agents make possession claims through the county court and these are enforced by county court bailiffs.
However, with a backlog of cases and a reduction of bailiffs, it can take several weeks for bailiffs to carry out an eviction.
First time buyers in England and Wales paid an average of £173,282 to get on the housing ladder in May, a record high that fuelled by intense competition for properties.
This was despite some uncertainty creeping into the housing market ahead of the referendum on the future of the UK in the European Union, according to the latest first time buyer tracker index from real estate agents Your Move and Reeds Rains.
But transactions in the first time buyer sector were down by 0.8% compared to the previous month at 24,900 completed sales in May compared to 25,100 in April. However, the report points out that without a pre-referendum supply shortfall first time buyer numbers would have been even higher.
Residential property prices in the UK edged upwards by just 0.2% in May in the run up to the historic vote on the future of the country in the European Union, according to the latest index.
This meant that annual price growth slowed to 4.7%, taking the average price to £204,368, but activity in the market is expected to slow in the coming months due to a spike in March due to stamp duty changes and now the Brexit vote.
Robert Gardner, Nationwide's chief economist, pointed out that the annual pace of house price growth remains in the fairly narrow range between 3% and 5% that has been prevailing for much of the past 12 months.
Uncertainty created by the UK’s decision to leave the European Union has triggered demand for property to fall to the lowest level seen in three years, according to a new report.
The number of house sales agreed in May dropped in the run up to the referendum and the majority of estate agents believe that demand will fall further in the short term, according to the latest housing report from the National Association of Estate Agents (NAEA).
Estate agents recorded an average of 304 house hunters registered per member branch in May, as uncertainty in the lead up to the referendum stalled buyers. This was down 6% from April, and the lowest recorded since November 2013 when 292 buyers were registered per branch.
Last month was the best May for remortgaging since 2008 but uncertainty and volatility are now expected following the decision by the UK to leave the European Union.
Remortgaging reached £5 billion in May and the number of loans reached 32,334, higher than every May since 2008, when 77,100 loans were approved while the average amount of equity withdrawn reached £33,600, the highest amount this year and 43% up from the previous month.
However, despite record low interest rates, borrowers felt the pinch due to falling incomes, according to the research from LMS.
Diamond Resorts International Inc said it agreed to be bought by private equity firm Apollo Global Management LLC for about $2.2 billion.
Apollo Global's offer of $30.25 per share in cash represents a premium of about 26 percent to Diamond Resorts' closing stock price on Tuesday.
The Las Vegas-based company's shares rose to $30.00 in morning trading, just shy of the offer price.
David Lammy says £1bn privatisation of property registry is politically led and harmful to public purse and transparency
Barking and Dagenham’s version of right-to-buy scheme aimed at retaining housing stock while letting tenants buy a share in their property at discount
PROPERTY developer Henley Homes is embarking on a £55m housing development at the former Barnes Hospital in Cheadle, Greater Manchester.
The new development will comprise of 155 luxury apartments, townhouses and family homes on a 16.5 acre site located off the A34 close to Cheadle Village.
The scheme, backed by a £12.5m funding deal with NatWest, will bring back into use the Gothic Grade II-Listed Barnes Hospital as it is transformed into a high- spec residential accommodation.
BIRMINGHAM-based real estate firm Blue Marble Asset Management has sold its investment in a 40,000 sq ft distribution warehouse in the North East.
Acting on behalf of the Pemberstone Group, Blue Marble has sold the freehold of 4 Traynor Way, Whitehouse Business Park, Peterlee to a private investment trust.
RICHBOROUGH Estates has completed the sale of an 18-acre development site in South Staffordshire, paving the way for a £38m residential housing scheme.
The site, sold to housebuilder Taylor Wimpey, benefited from secured planning permission for 180 new homes.
Nationwide index shows annual growth rate of 5.1% in June, up from May’s 4.7%, but analysts warn of ‘calm before the storm’
The Land Registry’s monthly ‘price paid data’ has revealed that there were 75,937 land and property sales in England and Wales lodged for registration in May.
Of those received by the Registry there were 296 residential sales for £1m or over, of which 182 were in London.
The number of new homes registered to be built looks set to fall as many housebuilders will be less willing to commit to new projects due to the uncertain economic climate following the outcome of last week’s EU referendum.
Redrow says there were “long queues and strong reservations” at four new site openings last weekend immediately after the Brexit vote.
In an upbeat trading statement covering the financial year to the end of June, Redrow said: “Although it is too early to tell whether Brexit will have any effect on future sales, initial feedback is that sites remain busy, reservations continue to be taken and, indeed, we witnessed long queues and strong reservations at new sites launched last weekend.
THE Crown Estate, owner of Aintree Shopping Park in Liverpool is celebrating record revenue of £304.1m.
The 300,000sq ft park is home to leading retail brands such as M&S, B&Q, Boots and Next. Over the past 12 months The Crown Estate has continued to strengthen the offering at the park by securing two new tenants, EE and Nandos.
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