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Lending Authorities

LENDERS & INVESTORS SHY AWAY FROM HIGH RISE

NO CAPITAL GAIN FOR MAJORITY OF APARTMENT PURCHASERS According to market analysts two out of every three high rise apartments purchased off the plan during the last few years have achieved no financial gain. When existing owners of apartments fall into negative equity, property developers become a liability for lenders. When a real estate bubble […]

OWNERS TO PAY FOR ILLEGAL CLADDING REMOVAL

REGULATORS WHO APPROVED BANNED CLADDING WILL WALK SCOT-FREE Owners will be charged via their rates over a minimum period of ten years, with costs transferred to the new owners if the property is sold. The arrangement will be between owners, lenders and local councils – providing long-term, low-interest loans to pay for building work to rectify […]

SECOND HAND APARTMENTS CHEAPER THAN EVER

High Rental Ratio To Purchase Price But No Capital Gain Apartments may seem an attractive purchase because of their higher rent yield to purchase price ratio but the short term gain is nullified by the absence of any long term capital gain. In the period since 2011, Doncaster asking prices have fallen by as much as […]