property boom

Property Developer Wins Test Case Against Investors

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A property developer has won a High Court case against property investors forcing one to pay £133,000 after they backed out of an agreement to purchase flats “off plan”. The High Court, in Bristol, has ordered the person to pay a whopping £133,282 in damages, costs and interest to Plymouth’s Prestige Homes South West Ltd, …

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Good News about Commercial Mortgages – well sort of.

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Anyone who has a Commercial Mortgage will (or should) be familiar with LIBOR.  So they should also be quite pleased that LIBOR has reached a record low. LIBOR is the rate which determines the cost of most commercial mortgages and many other forms of borrowing.  The rate coming down may bring good news in that …

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