News

Crumbling mews property is on the market for £2.5m - but could fetch £4m when fully restored

Even the estate agents warn that the roof is so leaky the house has gutters inside and out, but it could be a brilliant investment for one brave soul.

The crumbling shell of a one-bedroom Little Venice mews house has gone on sale for more than five times the price of the average London home.

Despite its eye-watering £2.5million price tag, the "beautifully derelict" property has a roof so leaky that buyers could be "taking an umbrella to bed". Read More

FTSE 100 gains ground as global markets shrug off political uncertainty

Friday 08:35 BST

Highlights 
● Pound plunges as UK election delivers hung parliament
● FTSE 100 higher as foreign currency earners gain, FTSE 250 falls
● Global markets shrug off UK and US political uncertainty
● US and European equity benchmarks firm
● Dollar rises, while “havens” like the yen and gold dip
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Hot topic

The pound is falling sharply after the UK election delivered a hung parliament.

Sterling is down 2 per cent to $1.2698, it is off 1.8 per cent to £0.8811 per euro, and is sliding 1.6 per cent versus the Japanese yen to change hands at ¥140.16.

The pound bounced above $1.30 in mid-May when Prime Minister Theresa May’s call for a snap election was expected to boost her... Read more

The Bank of England has announced a quarter percentage point cut in the benchmark interest rate to a record low of 0.25%—the first such move in over seven years. Read More

According to the latest report from ARLA, the rental market remains relatively stable in the wake of last month's decision to leave the EU.

Immediately following last month’s Brexit result, the rental market is stable, with little to no movement in terms of rental costs. While a tenth (12%) of agents reported an immediate dip in rent, an overwhelming three quarters (77%) saw no change. This contradicts expectations, as prior to the result a fifth (19%) predicted rents would increase, and a fifth (20%) expected them to fall. Only three in five (61%) thought they would stay the same. Read More

A Wembley landlord who waged a war of intimidation against tenants living in his property has been sentenced to four months imprisonment and ordered to pay costs and compensation of £20,000.

Rehan Sheikh of Manor Drive, Wembley, illegally threw out the six tenants, including one who had two young children, after giving them just two hours to leave the rundown House of Multiple Occupancy (HMO) at 90 Wembley Park Drive. Read More