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Ray Boulger: Lenders expected to abide by RICS cladding guidance

Ray Boulger: Lenders expected to abide by RICS cladding guidance
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New cladding guidance deeply inadequate , say Bristol leaseholders

New cladding guidance ‘deeply inadequate’, say Bristol leaseholders They say guidance designed to unlock property sales isn t working THE BIGGEST STORIES ACROSS BRISTOL IN YOUR INBOXInvalid EmailSomething went wrong, please try again later. SIGN UP When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. OurPrivacy Noticeexplains more about how we use your data, and your rights. You can unsubscribe at any time. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice Flat owners caught up in the cladding crisis in Bristol say new guidance for leaseholders is inadequate.

Suspended property funds collect £40m in management fees over 2020

Suspended property funds collect £40m in management fees over 2020 £2.8m of capital locked away over three funds Investors stuck in the M&G Property Portfolio have forked out the most in fees Investors trapped in suspended open-ended property funds have paid out more than £40m in management fees over the course of 2020, with some still paying fees in 2021 as £2.8bn of investor capital remains locked away across three funds. According to Investment Week calculations utilising fee and fund size data from Morningstar Direct and share class classifications from FE fundinfo, investors have shelled out approximately £40m in management. Sign In

Payam Azadi: RICS cladding guidance is a positive step

The Royal Institution of Chartered Surveyors (RICS) revealed new guidance relating to cladding on 8 March, which Payam Azadi, director of Niche Advice believes is a positive step. The guidance will clarify which types of properties will, and will not, require additional inspections due to concerns about fire safety. However, Azadi outlined that while the guidance does benefit those property types specified by RICs, it does nothing for those which are not. Azadi said: “There needs to be a discussion between lenders, surveyors and the government to establish and clarify what needs to be done in order the best benefit those in properties with cladding related issues.”

M&G eyes Q2 reopening date for suspended property fund

M&G eyes Q2 reopening date for suspended property fund Cash level has risen to 25.3% The fund has been suspended since December 2019 M&G hopes to reopen the long-suspended M&G Property Portfolio before the end of the second quarter, according to its latest suspension update. Extending the suspension to enable raising cash levels to protect the interests of all our investors , the managers have sold a further two assets since its February update. Suspended property funds. To continue reading. Tel: +44 (0)1858 438 427 Register Now Investment Week helps enlightened investment professionals to grow revenues and manage risk by reading the market more astutely via this industry leading title.

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