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The government has launched a register of trusted traders and a payment app this month aimed at protecting homeowners from fraudulent builders. According to Citizens Advice, 4.8 million homeowners experienced problems with home repair jobs in the previous 18 months, with 1.7 million losing an average of £750 each.
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A London homeowner has reduced hot water bills by up to £15 monthly using a domestic datacentre system that converts computer processing heat into usable energy. The technology, installed in 100 UK homes with 3,000 on waiting lists, aims to provide 80% of household hot water heating needs.
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Darlington Building Society has completed a £54,000 limited company buy-to-let mortgage at 80% loan-to-value for two first-time landlords purchasing through a newly formed special purpose vehicle. The transaction involved borrowers with no previous landlord experience who were non-owner-occupiers entering the property investment market.
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Five architecturally distinctive properties have been listed across England, priced between £495,000 and £850,000. The homes range from a converted 1909 iron chapel to a 2023 Passivhaus-certified build, reflecting varied architectural approaches in the current residential market.
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Recognise Bank has provided a £2.025 million bridging loan to refinance existing debt on a residential development site in Hertfordshire, completing the transaction within two weeks of initial enquiry. The 12-month facility was arranged at 60% loan-to-value for a property developer with over 30 years of experience.
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