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The Chambers on Chapel Street in Manchester

The Chambers – If Walls Could Talk…

Occasionally, the opportunity arises to breathe new life into older buildings. To renovate and restore amazing structures that have stood for multiple decades, even centuries and have witnessed boom and bust, commerce and industry and, sometimes, the rise and fall of the cities around it. Such is the case with our latest project – The Chambers – in Manchester city centre. The Chambers is the conversion of three landmark buildings on Chapel Street, close to its junction with Cross Street, into 14 one, two and three bedroom apartments. These buildings are all late 19th Century yet are very different in their architecture

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The House Crowd

As widely reported, peer to peer investment platform, the House Crowd, was placed into administration on Wednesday 24th February 2021. House Crowd Developments and its associated development projects (SPV’s) are separate entities to the House Crowd. These companies are not in administration. The House Crowd was a major funding stream for House Crowd Developments and the administration process is expected to cause a short temporary delay to construction until funding is approved for release to assist with the completion of the remaining projects delivered for the platform. All projects are classed as assets by the House Crowd administrators. House Crowd Developments

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90% Mortgages are Back

Natwest is the latest bank to announce that it will be offering mortgages to first time buyers and home movers with deposits of just 10% of the property’s value. Banks have been reluctant to offer high loan to value mortgages since the start of the summer amidst fears of falling house prices and a flat property market. However, following months of pent up demand and the removal of stamp duty on homes priced up to £500k, the market has seen an unanticipated spike with buyer demand up 53% and average asking prices up 6.6% compared to 2019 (according to Rightmove).

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HURRAY! HURRAY! IT’S A STAMP DUTY HOLIDAY!

Three cheers for Chancellor of the Exchequer, Rishi Sunak, who today (Wednesday 8th July) announced the immediate start of a stamp duty holiday for all properties priced up to £500,000, when purchased as a main home. The announcement was one of many as the Government takes significant steps to reduce the impact of Covid-19 on the UK economy. For those across the country wanting to move home, the new stamp duty holiday represents an average saving of £4,500. But for those buying a House Crowd home, it represents an increased average saving of over £4,650 with 194 of the 204

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