News in December 2009

9th December 2009

Commercial Buildings Loans Collapse  - The quantity of commercial property debt in default in the UK has more than doubled in the first half of 2009 to £30 billion according to a study by De Montfort University, highlighting the impact of the global financial crisis on the UK commercial building market.

9th December 2009

Unoccupied Commercial Buildings Budget Announcement - welcome welcome news in the budget to day, for owners of unoccupied commercial buildings The chancellor stated ' Last year, I temporarily increased the threshold for empty property relief to help small businesses. I can announce it will be extended so that, for 2010-11, empty commercial properties with a rateable value below £18,000 will be exempt from business rates. Seventy per cent of all empty properties will continue to be exempt".  

9th December 2009

Home Insurance at Christmas - it's probably, not the first thought on peoples minds, but checking home insurance polices at Christmas, to ascertain the level of cover your are being provided with is essential. Most contents policy are still arranged on a fixed sum insured basis, and in the event of a loss, this sum insured is supposed to represent, the total cost of replacing all of your contents.

8th December 2009

Latest Flood Insurance News- The recent bout of bad weather and heavy flooding, particularly in the North East of England has once again raised fears about the ability to obtain home or building insurance on properties that are deemed to be at a higher risk from flooding.

4th December 2009

Increased Regulation in the Buy to Let Market- a series of recent announcements by the Treasury has signalled the government's intention to increase the amount of regulation in the buy to let mortgage market in order to prevent a recurrence of the debt fuelled buy to let boom.

4th December 2009

Latest Blocks of Flats News> - There are calls this week for timber to the banned in the construction of new blocks of flats following a large scale fire in a block of flats under construction in Peckham, South London.

4th December 2009

Latest Commercial Building News - The past few years have seen some woeful returns from this sector but as reported before, many believe that the bottom of the market has been reached and investors are returning with renewed appetites.