Everton announces work on £500m new stadium will begin this month.
The club will take possession of the Bramley-Moore Dock site on Monday 26 July and contractor Laing O’Rourke is to make an immediate start on the 53,000-capacity project. Everton chief executive, Denise Barrett-Baxendale, said ” This moment will rank as one of the most important in the club’s history as it symbolises a new era […]
UK House Price Update June 2021
UK house prices have hit record levels across every region of Great Britain, according to the latest figures, although some experts have questioned whether the pandemic boom is finally starting to wane. The price of property coming to the market has risen by 0.8% (+£2,509) this month, pushing the national average to a new record […]
The Stamp Duty Holiday & Concerns Over Anti-Anti Money Checks
Since the stamp duty holiday began last July, most homebuyers in England and Northern Ireland have not been taxed on the first £500,000 of any home purchase – although the 3% surcharge for landlords and other second-home buyers still applied throughout. In April 2021, a 2% charge for non-UK residents was applied. Despite the calls […]
Renting a home is now cheaper than buying in most parts of Britain for the first time since 2014
Property prices continue to soar due to the high demand from prospective buyers and the shortage in the number of properties being listed. New research shows that renting a home has become cheaper than buying in most parts of the country for the first time in 6 years. According to Hamptons, research suggests that before […]
The Stamp Duty Petition Exceeds 10,000 Mark
A petition launched in April for stamp duty to be triggered on the exchange of contracts has now gained over 10,000 signatures. The government’s policy is to respond to all petitions that reach this level of support. The petition was started by Chris Holland, an individual looking to take advantage of the existing stamp duty […]
More than £15 million funding boost for Digbeth High Street
The revival of Birmingham’s ‘creative quarter’ takes another step as the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) allocates £15.4 million from its Enterprise Zone Investment Plan (EZIP) to Birmingham City Council to redevelop Digbeth High Street. An additional £272,000 is being provided by the Council. The scheme will transform Digbeth High Street into […]
UK House Price Update May 2021
The UK’s second largest mortgage lender, Nationwide Building Society, said house prices would continue to rise this year beyond the stamp duty holiday but warned higher costs could make it harder for first-time buyers to get on the property ladder. Its Chief Executive, Joe Garner, said everyone had been a “little bit surprised” by how strong the […]
Florence, the HS2 tunnel boring machine starts in Hertfordshire.
A giant tunnel boring machine (TBM), measuring 558ft (170m) in length and named Florence, after Florence Nightingale, began digging a ten-mile stretch under the Chilterns near the M25 on the 13th of May. The boss of HS2 has said he hopes the UK “gets behind” the controversial high-speed rail project, as tunnelling work gets underway. […]
The Bank of England’s Move to Leeds
The Bank of England has revealed plans to move staff out of London with the creation of a new Northern Hub in Leeds. This announcement coincides with the decision to close the Banks existing cash distribution centre in Leeds by February 2023. The existing cash distribution centre on King Street prints cash and provides a […]
UK Government Mortgage Guarantee Scheme
The government-backed 95% mortgage guarantee scheme has launched today. First announced at the Budget, the scheme will help first time buyers or current homeowners secure a mortgage with just a 5% deposit to buy a house of up to £600,000. The initiative aims to help those with lower deposits onto the property ladder by offering […]
