UK Property

UK Property

Does it make more sense to buy or rent a property in the UK?

Richard and his wife are embarking on a big life change. After the arrival of their first child, they want to move from their two-bed flat in urban Bermondsey, south London, to a four-bed house in the Buckinghamshire countryside. With a generous budget, Richard, who asked for his real name not to be used, and his wife have already identified a £1.3mn home they like. But there’s a twist: the vendor, who is mortgage free, is willing either to rent it to them or sell it.In trying to work out the...
UK Property

UK homebuilder Crest Nicholson rejects £667mn bid from rival Bellway

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Housebuilder Crest Nicholson has rejected a £667mn takeover offer from rival Bellway, marking a third major deal push in the UK housebuilding sector as it battles a downturn triggered by high interest rates.FTSE 250 builder Bellway confirmed late on Thursday that it had made an all-share offer for the smaller group following a report by React News.But despite a 19 per cent premium to its closing share price on Thursday, Crest Nicholson...
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