Propp news reel is your one-stop-shop for property news in the UK.
Due to the recent EPC requirements update on April 1st 2023, commercial landlords are now unable to let commercial property that has an EPC rating lower than ‘E’ without a legitimate reason. Landlords with a property that has an EPC rating of F or G will be unable to secure new tenancies unless the property is registered […]
Read ArticleA client of ours made some excellent choices to enable them to purchase a commercial unit and immediately recoup most of the cash investment they’d made. This allowed them to move straight on to their next project whilst gaining passive rental income and increasing their portfolio. Because the loan amount was higher than the purchase […]
Read ArticleRents continue to accelerate Over the last 12 months rents have increased by £38 to a national average of £818. The extensive growth is partly being driven by an increased demand for detached housing as tenants prioritise increased space and gardens as a result of the pandemic. Matt Trevett, Managing Director of The DPS said […]
Read ArticleThe pandemic has accelerated a shift in the way consumers interact with physical space, with increased spending online and working from home having an impact on town and city centres up and down the country. Town and city centres have adapted for centuries on the whims of consumer behaviour, so don’t expect vacant Debenhams stores […]
Read ArticleA panel commissioned by the government has found there is ‘no systemic risk of fire’ in smaller blocks, resulting in the EWS1 forms being scrapped for lower rise blocks. The advice states that fire risk should be managed through alarm systems and sprinklers wherever possible, and added that the majority of the low to medium-rise […]
Read Article* bespoke quotes supplied the next working day following provision of all required lender information being supplied and validation by Propp case manager
† saving based on annualised interest rate saving where deal optimiser service negotiated a lower rate than lender’s published rate, based on current average saving of 0.9% and average loan £1051785. Time saving based on automated versus manual bespoke rate requests.