The administrations of eight collapsed ISG companies have been extended for a further two years, meaning the insolvency process is now expected to continue until at least September 2028. Administrators at EY say the extra time is needed to deal with outstanding claims, creditor payments and the large volume of records associated with the group’s collapse.
Hallam Land, part of Henry Boot, is preparing outline planning applications for two large housing schemes in Cheshire East, one in Crewe and one in Alsager, totalling 2,800 homes. The proposals include a mix of open market and affordable housing, with public consultation now underway until 20 October.
Room rents across most of the UK have reached record highs, while supply of flatshare rooms has fallen 4.7% year on year. The article links rising rents and shrinking supply to wider rental market pressures, including landlord exits, compliance concerns and local authority action on HMOs.
New repeat-sales analysis from e.surv Chartered Surveyors suggests that a significant share of flats, especially in London, are being resold at a nominal loss. The article links this weakness to leasehold issues, building safety concerns, cladding, service charges and higher borrowing costs, while noting that Scotland shows a narrower gap between flat and house performance.
Repeat-sales analysis from e.surv Chartered Surveyors indicates that a significant share of flats resold in London and parts of southern England over the past year changed hands below their previous recorded purchase price, with the weakness most pronounced in London. The article links this divergence between flats and houses to building safety concerns, cladding, service charges and higher borrowing costs, while noting that Scotland’s flat market has been comparatively resilient.
The Environment Agency has granted South West Water a drought permit for Wimbleball Reservoir to help protect public water supply during exceptionally low reservoir levels. The permit temporarily relaxes normal compensation flow requirements to the River Haddeo, subject to conditions intended to protect the river, the River Exe and associated habitats.
FI Property Group has appealed Chorley Council’s refusal of a proposed 1.3m sq ft industrial and employment scheme on Green Belt land near Junction 3 of the M65. The Planning Inspectorate will now determine the outcome, with the developer arguing the site should be treated as Grey Belt and that there is strong regional demand for large industrial units.
The Conservative Party leader has pledged to abolish Stamp Duty Land Tax on home purchases if the party wins the next general election, alongside rolling back proposed mansion tax measures and pursuing wider inheritance tax changes. The article also notes support from Propertymark, which says any replacement tax system would need careful design to avoid disrupting transactions.
Chestertons has appointed Jordana Miles as Head of Short Lets as it reports stronger activity across its lettings business. The agency says tenant demand, move-ins and landlord instructions have all risen, with short lets seeing particular interest from corporate clients, relocating tenants and owners whose properties have not sold quickly.
The Regulator of Social Housing has downgraded Heylo Housing Registered Provider Limited to G4/V4 after finding serious failures in governance, financial viability and risk management. The regulator said the landlord’s structure left it unable to protect shared ownership homes, with around 3,500 homes now affected by the administration of two investment pods.
The Regulator of Social Housing has downgraded GreenSquareAccord Limited to G3/V3 after finding serious weaknesses in financial governance, risk management, information quality and internal controls. RSH said the landlord remains compliant with lender covenants, but its continued viability depends on significant disposals, cost reductions and transformation programmes.
Anwyl has started construction on a 152-home scheme in Penrhyn Bay, North Wales, following planning approval and completion of a Section 106 agreement that includes local investment, education funding and a new public car park. The company has also secured reserved matters approval for a 139-home phase at Carrington Village in Trafford, where work is due to begin shortly as part of a much larger regeneration masterplan.
