Newly re-elected Mayor of Manchester Andy Burnham has committed to spending £600,000 of council tax money on a range of measures designed to crack down […]
Category: Real Estate
New shared ownership homes launching in London
Housing provider SO Resi is launching a 37-home shared ownership scheme in London’s Canning Town. The range of one to three-bedroom apartments will hit the […]
China’s real estate market continues to influence the global stage
by Tasos Stavrou, vice president at LeadingRE The international real estate sector is closely monitoring the movements of Chinese investors and their creditors as they […]
Pennyfarthing and VIVID to construct 106 homes in The New Forest
Pennyfarthing Homes has created a partnership with VIVID to construct 106 affordable homes within its development in Fordingbridge, Hampshire. VIVID will take delivery of a […]
Inflation set to fall to 2% target
The inflation rate is expected to drop to 2% in the second quarter of 2024 in next week’s figures, finally reaching the Bank of England’s […]
Wolverhampton the best area to start a renovation project
Wolverhampton has been identified as by flooring specialists Mr Sander as the best place to start a renovation project in the UK. This is based […]
Vista Tower freeholder hits back at government for “moving the goalposts” in cladding case
The freeholder behind Vista Tower in Stevenage has expressed frustration with the government after it labelled a court decision on fire safety issues “a victory […]
UK construction dives by 21% in 2024
Weak economic conditions mean construction project starts have fallen by 21% in 2024 compared to 2023 levels – concerning given the UK’s shortfall of housing […]
50% of tenant moves caused by landlord sales
Half of tenants vacating a property last year had to do so because their landlord wanted to sell their property, suggesting a substantial amount of […]
Government wins landmark cladding case in Stevenage
The government has won a legal case which forces the freehold owner of a 16-storey tower block to remediate unsafe cladding. Back in October 2022 […]
Plans to criminalise homeless people dropped
The government has dropped plans to criminalise homeless people for “nuisance begging” or because of “excessive” smells, owing to a revolt from around 40 Conservative […]
Asda to enter housing market with 1,500 home development
Supermarket chain Asda is entering the housing market with a mixed-use redevelopment project near London’s HS2 depot. The project, in partnership with experienced housebuilder Barratt, […]
Section 21s could still be issued after Renters (Reform) Bill goes through
Landlords with periodic tenancies would still be able to issue a Section 21 eviction once the Renters (Reform) Bill is implemented, according to analysis from […]
Soaring mortgage costs mean it’s almost 50% more expensive to buy in London
Mortgage costs across the capital are now 42% more than average rents in the city, meaning it’s becoming increasingly hard to buy in London. Costs […]
Councils failing to enforce fines against rogue landlords
Less than half the fines levied against rogue landlords have actually been collected by local authorities, a report from the National Residential Landlords Association (NRLA) […]
How retrofitting can help overcome the UK rental crisis
By Samantha Kempe, co-founder and chief investment officer at IMMO The current housing crisis in the UK cannot be understated. According to government’s Department for […]
Sellers keep quiet about Japanese knotweed
One in 10 (9%) people admit they would keep quiet when selling a property with knotweed, despite the legal risks, a YouGov poll commissioned by […]
Durham housebuilder targets expansion – PropertyWire
Housebuilder Homes by Esh is on course to nearly double its number of live developments before the end of 2024 – and it’s set to […]
First-time buyers shifting away from renovation projects
Fewer aspiring first-time buyers are buying dilapidated properties in need of substantial renovations, according to Scotland-based property portal TSPC. The portal described a “noticeable pivot” […]
“We want that critical mass” – Anthony Kyriacou of krispyhouse
PropertyWire speaks to Anthony Kyriacou, founder and chief executive of property portal krispyhouse There’s a new challenger on the block for Rightmove and Zoopla, as […]
Victorian homes the most sought-after period property style
Victorian homes are the most searched for period property style, underlining the appeal of Victorian architecture. Rightmove, which conducted the research, felt period dramas such […]
Base rate held at 5.25% but ‘direction of travel is downwards’
The Bank of England has held the base rate at 5.25% but two members voted for a cut – signalling that we’re getting closer to […]
Propertymark members urge for no rent controls in Wales
Propertymark members have urged Wales not to introduce rent controls, with the policy being blamed on cutting rental supply in Scotland. Instead, members argued that […]
As WeWork exits sites left, right and centre, how can we best migrate flex spaces between operators?
WeWork, once the shining light of the flex industry, has faced its fair share of highly publicised struggles in recent months, which have been watched […]
Complete Technology Group becomes the first telecoms specialist to achieve BSF Champion status
Complete Technology Group (CTG) has completed Stage 2 of the Building a Safer Future (BSF) Champion Assessment, becoming the first company in the telecoms sector […]
Theale to welcome 117 affordable homes
Some 117 affordable homes are being built at the Lakeside development in Theale, Berkshire. Housing provider Abri is working with Ridgepoint Homes on the development, […]
The Five Early Warning Signs to Detect a Fire Starting in Your Home
Carlos Dhunay, security specialist and owner of telcam, a fire safety systems provider, reveals the five ways to detect a fire early so you can […]
Mr Ramsey’s squat problems in London!
You may have read in the press that Gordon Ramsey has found himself in an unenviable position, in that his vacant London pub has become […]
Reviving old buildings a priority for the general public
Nearly half of UK adults want to see abandoned or derelict buildings in their cities (49%) revived for new purposes such as housing, business or […]
Building societies urged to digitise
Building societies are lagging behind when it comes to digital propositions, according to money management app Moneyhub. Almost half (47%) of building society customers reported […]
Edinburgh house prices surge by over £1,000 a week
The average price of detached homes in Edinburgh has risen by over £1,000 a week over the past year. Between March 2023 and February 2024 […]
Housing: How will Labour differentiate themselves from the Tories?
Kayleigh Quinn is associate director at Cavendish Consulting and a seasoned Labour Party Organiser In response to the many challenges within Britain’s housing sector, Labour’s […]
Landlords concerned about pets following Renters Reform Bill
Investors are concerned about measures in the Renters Reform Bill which are designed to stop them from unreasonably refusing their tenants keeping pets, research from […]
What are the commercial real estate trends in 2024 so far?
Alicia Renshaw, senior associate in Leonard Curtis Legal’s real estate division The commercial real estate landscape in the UK is ever-evolving, shaped by economic shifts, […]
Nationwide: House prices fall well below 2022 levels
House prices dropped by 0.4% in April, falling 4% below all-time highs recorded in the summer of 2022, Nationwide’s house price index has revealed. Growth […]
Rents 5.7% higher than last year
April rents are up by 5.7% year-on-year – driven by a strong increase in the South West, the Rental Index from Goodlord has found. The […]
RAW Capital Partners announces £100m to lend to foreign nationals and UK expats buying BTL properties
RAW Capital Partners has launched a new, lower fixed rate product and announced that it has more than £100 million available to lend to foreign nationals […]
Prices to drop substantially West Midlands, London and Yorkshire
House prices are predicted to fall significantly in three regions of the UK, analysis by peer-to-peer real estate investment platform easyMoney has revealed. It’s expected […]
‘Scotland’s new First Minister must re-evaluate rent controls’
Propertymark has appealed to Scotland’s new First Minister to re-evaluate plans for rent controls after Humza Yousaf resigned from the post. Under measures originally launched […]
Best Property Buying and Selling Websites in the UK
In the digital era, the journey to buying or selling property in the UK has significantly evolved, with numerous websites at your fingertips offering comprehensive […]
Houses under £500,000 launch in Barking
Some 167 new homes are now available in Barking Riverside after Bellway London has opened its second phase of homes at Eastbrooke Village, known as […]
Cost of home move services well below pandemic peak in real terms
When adjusted for inflation costs for conveyancing and removals are significantly below the post-pandemic period, reallymoving’s quarterly Home Move Costs Index has revealed. This is […]
Marie Curie calls for the bereaved to be protected in Renters (Reform) Bill
End of life charity Marie Curie has called for the Renters (Reform) Bill to be altered to protect recently bereaved private renters. An estimated 300,000 […]
East Midlands and Greater London the UK’s fastest growing regions
Between now and 2040 the population in Greater London and the East Midlands is projected to rise the most, each anticipating 12% growth, planning and […]
Heat pump takeup on the rise
The number of Boiler Upgrade Scheme applications has surged by 46% year-on-year, signalling that more homeowners are switching to heat pumps. The scheme offers grants […]
‘Conveyancing process requires substantial overhaul’
A legal body has hit out at the conveyancing process in England, labelling it “inefficient and ineffective” and saying it requires “substantial reform”. The Chartered […]
Paul Shamplina urges for timely court reforms
Landlord Action founder Paul Shamplina has called for clarity on when the court system will be reformed so landlords and tenants have a proper roadmap […]
Renters (Reform) Bill risks driving student housing shortage to crisis point, letter to government warns
A group of higher education and student housing organisations have raised concerns about the Renters (Reform) Bill’s effect on the student housing sector. In letters […]
Rental groups furious at ‘watered down’ Renters (Reform) Bill
A coalition of rental groups including Citizens Advice, Shelter and the Joseph Roundtree Foundation have accused the Renters (Reform) Bill of abolishing Section 21 “in […]
London landlord must find nearly £79k or face jail time
A landlord in London has been slapped with fines and a confiscation order of £78,620 after she split up and rented out a five bedroom […]
Scotland costal areas very profitable for investors
Property buyers looking for strong returns should invest in Scottish coastal areas, analysis from Pikl Insurance has found. Buying in Portree on the Isle of […]
Spring supply of homes for sale at five-year high
Would-be homebuyers are currently enjoying the highest level of springtime choice of homes in five years, Zoopla research has revealed. There are 20% more homes […]
Firm blasts inconsistent EPC assessors
The quality of Energy Performance Certificate assessors have been called into question by surveyor firm Re:volve Real Estate, which said the same properties are being […]
Renters (Reform) Bill to return to the Commons this week
The much-delayed Renters (Reform) Bill is finally returning to the House of Common this week. On Wednesday the bill will receive its second reading with […]
Landwood Group witnessing surge in struggling buy-to-let landlords
There has been a 150% rise in appointments from Insolvency Practitioners to manage the properties and assets of struggling buy-to-let landlords in the past six […]
How you can finance different types of property purchase
By Sarah Thompson, managing director, Mortgage Scout If you’re moving home and have either plenty of equity or savings you can use for a deposit, […]
Tenants staying for a third longer
Rising rents seem to be resulting in tenants staying at their current properties for longer, research from The Deposit Protection Service has found. The average […]
The Changes to the Golden Visa in Spain Explained
By Sean Woolley, Cloud Nine Spain On the 9th of April, Spain’s Minister for Housing, Isabel Rodríguez, announced that they were taking the first steps […]
Four ways to improve your home’s EPC rating
Christopher McFadden is an EPC expert and energy assessor 1. Add an insulating jacket to your hot water tank: If you get your hot water […]
Labour Party unveils green belt building plans
Labour has launched a plan to reclassify and build on poor quality areas of the green belt, dubbed the ‘grey belt’. Land targeted for development […]
Squatters at Gordon Ramsay’s ‘served papers’ to depart
Squatters who occupied a pub owned by celebrity chef Gordon Ramsay have now vacated the building – after being ‘served papers’ by the police. It […]
Glasgow, Edinburgh and Leeds home to UK’s busiest markets
Glasgow, Edinburgh and Leeds are the best home selling hotspots in the UK property market, analysis of government data from Lomond has revealed. Markets have […]
Inflation rate falls to 3.2%
The CPI inflation rate dropped to 3.2% in March from 3.4% in February – a decrease that’s been deemed disappointing by economists. It was expected […]
Rent arrears issues worsen – PropertyWire
Typical rent arrears claims climbed to £1,816 in the first quarter of 2024 – a rise of 27% from £1,435 in the same period last […]
Construction activity sluggish – PropertyWire
Construction is down so far in 2024, with project starts, new contracts and planning approvals all dropping, concerning research from intelligence firm Glenigan has found. […]
Butterfield Mortgages appoints apprentice to credit risk team
Butterfield Mortgages has announced the appointment of a new credit administrator, who joins the credit risk team after completing an apprenticeship programme with the prime […]
What to consider if you’re thinking about buying with a partner
Ben Thompson, deputy CEO, Mortgage Advice Bureau, explains what to consider when buying with someone else Traditionally buying with a partner has meant a romantic […]
More landlords turn to HMOs
Landlords are increasingly turning to HMOs for better returns, research from lender Shawbrook has revealed. In both 2022 and 2023, HMOs made up just over […]
Buy-to-let yields rise to 5.8%
The average yield of a buy-to-let property has climbed from 4.9% to 5.8% in the past two years, analysis by specialist lender Octane Capital has […]
Average age of first-time buyer is 33
The typical age of first-time home buyers is 33, surprisingly staying the same as in 1990, research by Go.Compare home insurance has revealed. This is […]
Electric car owners have one year to apply for grants
Landlords, flat owners, renters, households who park on the street and businesses have one year left to claim the hundreds of pounds available for each […]
Nearly half of UK homebuyers would use Islamic mortgage, claims lender
Almost half (45%) of homebuyers would consider using a Sharia-complaint mortgage lender, despite there being perceived Islamophobia in the UK. Over one in three (37%) […]
Southwark the worst London borough for empty properties
Southwark had the highest number of empty homes of any London borough in 2023, with 5,143 properties sitting empty last year, analysis from SBA Property […]
We must stop favouring first-time buyers, says eXp UK
The industry needs to provide more properties to second-time buyers and downsizers, rather than overwhelmingly focusing on first-time buyers, estate agency platform eXp UK has […]
Cambridge blazes trail as UK commercial hotspot
Cambridge has the most commercial property transactions within the ‘Golden Triangle’ – the UK’s innovation cluster comprising London, Oxford and Cambridge – seeing a 108% […]
Landlords and managing agents fined £15,000
Managing agents and landlords in Haringey have been ordered to pay a £15,000 fine for operating a hazardous and unlicensed House in Multiple Occupation (HMO). […]
Four in five tenants unaware of Renters (Reform) Bill
Over four out of five tenants remain unaware of the Renters (Reform) Bill and its contents, surprising research from TDS Charitable Foundation has revealed. The […]
White Cliffs of Dover pub inn attracts 83 bids
Some 83 bids were recorded for the former Lighthouse Inn at Capel-le-Ferne, a village on the White Cliffs of Dover, Kent. It eventually went for […]
How Do I Assess the Resale Value of Property For Sale Belize?
Assess the Resale Value of Property For Sale Belize If you’re considering buying Property For Sale Belize, it’s important to do your homework. This includes […]
Mortgage experts unsure about YBS’s 99% LTV mortgage
Mojo Mortgages and Uswitch have expressed caution about Yorkshire Building Society’s new mortgage product for buyers with a £5,000 deposit. The product can be used […]
Calls for transparency after Future Homes Standard consultation closes
Energy provider Rendesco has urged the government to stick to its timetable when it comes to outlawing gas boilers – saying housebuilders need an end […]
Section 21 a PR nightmare – but the court system must be sorted out
Things aren’t getting any better for this Conservative government, as the delays in abolishing Section 21 evictions will only embolden those who say this is […]
How Much Will Mortgage Rate Hikes Affect the UK Housing Market?
By Tom Bill, head of UK residential research at Knight Frank Borrowers are currently rolling off relatively favourable two-year fixed-rate deals agreed at the start […]
First-time buyers now accounting a record one third of the market
First-time buyers purchased 33% of homes in Britain so far in 2024, up from 2023’s total of 29%, Hamptons research has revealed. If this continues […]
Yorkshire Building Society launches mortgage with £5,000 deposit
Yorkshire Building Society has launched a fee-free mortgage with a deposit of just £5,000. The product can be used to buy a property worth up […]
Landlords and managing agents fined £15,000
Managing agents and landlords in Haringey have been ordered to pay a £15,000 fine for operating a hazardous and unlicensed House in Multiple Occupation (HMO). […]
How Much Will Mortgage Rate Hikes Affect the UK Housing Market?
By Tom Bill, head of UK residential research at Knight Frank Borrowers are currently rolling off relatively favourable two-year fixed-rate deals agreed at the start […]
First-time buyers now accounting a record one third of the market
First-time buyers purchased 33% of homes in Britain so far in 2024, up from 2023’s total of 29%, Hamptons research has revealed. If this continues […]
Section 21 ban to be delayed until court system is assessed
The Renters Reform Bill will be brought to the House of Commons after Easter – while alterations will include a delay to the Section 21 […]
Section 21 ban to be delayed until court system is assessed
The Renters Reform Bill will be brought to the House of Commons after Easter – while alterations will include a delay to the Section 21 […]
New build prices increasing faster than existing homes
Scottish new build house prices have soared ahead of existing homes, analysis by property firm DJ Alexander has found. Between December 2022 and November 2023 […]
Yorkshire Building Society launches mortgage with £5,000 deposit
Yorkshire Building Society has launched a fee-free mortgage with a deposit of just £5,000. The product can be used to buy a property worth up […]
Guildford development launches with £18.5 million funding arrangement
A mixed-use development on brownfield land in the centre of Guildford has started construction, following an agreement with developer Native Land and property group Grosvenor. […]
Propertymark urges property agents to prepare for regulation before it happens
Propertymark has urged property agents to be ahead of the curve as pressure builds to enact regulation of property agents. The organisation has qualifications for […]
TMW buy-to-let rates now start at 3.99%
The Mortgage Works has cut buy-to-let mortgages so they now start at 3.99%, in promising signs that mortgage rates are coming down. The 3.99% rate, […]
Michael Gove’s leasehold plan axed
The plan to reduce all ground rents to a peppercorn rent have reportedly been axed by the Prime Minister and the Treasury, with Housing Secretary […]
Renters lonelier than owners – PropertyWire
Renters are more likely to feel lonely and unsafe when walking home after dark than the wider population, a poll by the Belonging Forum has […]
Wales appoints housing minister in cabinet reshuffle
Julie James has been appointed housing minister, after previously being climate change minister. She was appointed by Wales’ new First Minister Vaughan Gething, who replaced […]
Goodlord launches ‘PRO’ version of tenant referencing product
Rental tech platform Goodlord has launched a PRO Referencing product for letting agents across the UK. The PRO offering integrates with HMRC, payroll providers, and […]
art’otel London Hoxton to open in April
The art’otel hotel London Hoxton in Shoreditch is opening its doors on 24th April 2024. This is the second hotel from the PPHE Hotel Group, […]
London the most desirable city for homebuyers
London is still the most desirable place to live for aspiring homebuyers despite the high cost of housing in the city, a study from The […]
Estate agents warned to gear up for a surge in market activity
A large number of prospective buyers had postponed that move until the Spring Budget had come and gone, research from information platform Home Sale Pack […]
Bank of England ‘following the US on base rate trajectory’
The Bank of England is likely following the US market by being cautious about cutting the base rate, property and financial professionals say. The Bank […]
Lords frustrated by government’s failure to regulate property agents
The House of Lords Industry and Regulators Committee has written to Michael Gove – urging the government to stop ‘sitting on its hands’ when it […]
Budget buy-to-let shake up: taxes cut but holiday home reliefs scrapped
Rob Morgan, chief investment analyst at Charles Stanley An increasing regulatory burden and a tightening tax net has already seen many landlords re-evaluate their property […]
MPs recommend upping housing benefit every year
Members of parliament want housing benefit rates to be updated annually to match the bottom 30% of rents – a proposal that’s been backed by […]
Greater London has most abandoned properties
Greater London is the region with the highest volume of abandoned and derelict homes, with nearly 290,000 standing completely empty, analysis from Together has found. […]
Michael Gove: Sadiq Khan ‘letting down Londoners’ on housing
Housing Secretary Michael Gove has told the Mayor of London to review two policies in the London Plan – which he blamed on slowing down […]
Prime London prices fall back to 2014 levels
The average price of sold homes in Prime London dropped by 7.8% annually in February, taking them back to early 2014 levels, research by property […]
Dragons’ Den thermostat slammed for ‘treating tenants like infants’
A landlord entrepreneur was successful in pitching a thermostat product on the BBC’s Dragons’ Den last week – but it’s since been criticised by a […]
infinitSpace launches first German flexible workspace location in Berlin
infinitSpace, a tech-led provider of flexible workspaces, has entered into a management agreement with leading Central European investor Peter Korbačka to launch its first German […]
Landlords to be hit by Capital Gains stealth tax in April
From next month the personal Capital Gains tax allowance will fall from £12,300 to £6,000 – causing the majority of investors to end up paying […]
Commercial property market in Birmingham rebounding
The office market in Birmingham is on an upward curve after a strong end to last year, according to a commercial property expert based in […]
What can property managers do to increase liveability?
Martijn Van Schaveren is a co-founder of MyPup, a green parcel consolidation and delivery service helping to decrease pollution in our cities, reduce parcel theft […]
Arizona dominates most profitable US cities for Airbnbs
People operating Airbnbs in the US should look to Arizona cities, which offer substantial income compared to the average weekly wage. Profitable cities in the […]
‘London Living Rent’ scheme launches in West London
Housing association SO Resi, part of Metropolitan Thames Valley Housing, has launched into the London Living Rent sector for the first time. The provider will […]
Tenants now spending a third of wages on rent – it’s ‘not sustainable’
HomeLet’s CEO expressed disappointed at the lack of help in the Chancellor’s Spring Budget, as tenants are spending a third of their wages on rent […]
Inflation to fall back to 2% target in Q2
The UK’s inflation rate is likely to fall to 2% in the second quarter of 2024, which would bring it in line with the Bank […]
Landlords consider cutting rents to support tenants
Landlords are considering reducing or flattening rents for tenants, according to a surprising poll taken by property finance broker Finbri. Some 60% of landlords say […]
Jeremy Hunt ditched 99% mortgage scheme due to negative equity fears
Chancellor Jeremy Hunt decided against launching a 99% mortgage scheme due to fears that it could push people into negative equity down the line. The […]
Prime London stock the oldest in England and Wales
Kensington and Chelsea has the highest proportion of old stock – meaning those homes are likely to cost more to insure. In prime area 63.8% […]
Mortgage arrears cases up 50% in one year
The value of mortgages that have fallen into arrears reached £20.3 billion in the fourth quarter of 2023, 50.3% higher than in 2022. Back in […]
Serial offender landlord fined £480k for damp-infested property
A rogue landlord who rented a 22-bedroom Kensington property infested with mushrooms and mould has been handed a £500,000 fine. This followed an inspection of […]
Scottish tenants and landlords bitterly divided on rent controls
Scottish landlords and tenants are at loggerheads over rent controls, a public consultation on the Scottish government’s New Deal for Tenants proposals have found. Nine […]
Questions for every first-time property developer
By Ritchie Clapson CEng MIStructE, co-founder of propertyCEO Property development is often thought of as being a business for the wealthy or the daring. However, […]
The Arc development – bringing a New York approach to London’s east end
PropertyWire speaks to Marie-Julie Gheysens, who played a prominent role in launching The Arc development in London’s Shoreditch, consisting of a 22-storey tower containing over […]
Short-term lets being ‘scapegoated’ – PropertyWire
Holiday let owners are being unfairly blamed for rising house prices and availability, which has led to the abolition of the Furnished Holiday Lettings regime. […]
Spring Budget: Stamp duty multiple dwellings relief scrapped – reaction
In the Budget the Chancellor surprised many by abolishing multiple dwellings relief for stamp duty land tax. The policy provided relief for people buying more […]
Where people are looking to move
People living in Colchester, Norwich, York, Chester and Derby are most likely to want to move in England, research from platform Getamover.co.uk has found. In […]
18th Century pub in Norwich being auctioned
A vacant pub near Norwich dating back to the reign of King George III in the 18th century is coming up for sale in Bond […]
How will the property market be impacted by the Spring Budget?
Michael Cook is chief executive officer of property firm Leaders Romans Group. A drop in the rate of inflation The most significant help for the property […]
Royal Docks construction plan unveiled by Mayor of London
The Mayor of London has published a five-year plan for the Royal Docks, which is set to employ 55,000 and see the construction of 36,000 […]
Spring Budget: Holiday let regime abolished – reaction
Operators of Airbnbs will no longer have tax advantages over individual landlords letting out buy-to-let properties, as the Chancellor has opted to get rid of […]
NRLA: Spring Budget a ‘missed opportunity’
Ben Beadle from the National Residential Landlords Association has hit out at the budget for failing to boost the quantity or quality of private rented […]
Spring Budget: Chancellor’s Capital Gains Tax cut could prompt landlords to sell
Chancellor Jeremy Hunt’s move to lower the amount of capital gains charged on property sales from 28% to 24% could push disillusioned landlords to depart […]
Poll: Government should do more to help students find housing
Over half (53%) of the British public reckon the government needs to up its game in helping students find housing, a YouGov poll has found. […]
99% mortgage scheme scrapped – PropertyWire
The Conservative Party is widely reported as having scrapped its 99% mortgage scheme, which it was considering introducing in tomorrow’s Spring Budget. Releasing such a […]
Spring Budget: The industry predicts
Chancellor Jeremy Hunt will deliver his 2024 Spring Budget on Wednesday 6 March. It was originally thought he would introduce a 99% loan-to-value mortgage scheme, […]
House price growth back to positive territory in February
Annual house price growth reached 1.2% in February, returning to positive territory for the first time in over a year, Nationwide’s house price index has […]
NRLA calls for housing benefit reform
The National Residential Landlords Association has called for the government to raise levels of Universal Credit to deal with current shortfalls. As it stands there […]
Property investors bullish for the year ahead despite lingering challenges
UK property investors are optimistic for the year ahead, even in the face of persistent economic and regulatory challenges, new research from Market Financial Solutions […]
Property sales fell by -48% in 2023
Last year property sales fell by a staggering £141 billion, outlining the scale of the market contraction that took place in 2023. Some £154.7bn worth […]
Solicitor firm backs new Help to Buy and stamp duty cuts in upcoming budget
The government should cut stamp duty on second property purchases and introduce a scheme similar to Help to Buy to improve the state of the […]
93% jump in landlords falling into mortgage arrears
The number of landlords falling into arrears has climbed by 93% in a single year, research from lender Octane Capital has revealed. This was that […]
Backbench MPs ‘watering down’ Renters Reform Bill
Backbench Tory MPs are set to water down protections for renters and increase rights for landlords, the BBC reports. It’s unclear exactly what’s being watered […]
Rough sleeping and child homelessness worsening
Nearly 4,000 people were recorded as sleeping rough last year, a 27% year-on-year increase, Shelter analysis of government data shows. There are 142,490 children who […]
February sales boom, but prices fall
The market quickened up in February, as more sellers accepted some lower offers on their properties. Zoopla research says buyer demand rose by 11%, while […]
Work starts at new Old Trafford
Work has begun to demolish largely derelict buildings to make way for 80 ‘affordable’ and sustainable apartments by Old Trafford Cricket Ground. Southway Housing Trust […]
Rental arrears claims rise by 50%
Rental arrears claims have climbed by 50% in the year to December, highlighting how stretched tenants have become, data released by Reposit has revealed. There […]
L&G: Huge potential in purpose-built accommodation
Property investors have been told there is huge potential in purpose-built accommodation, including student and multi-family. Rob Martin, global head of investment strategy and research […]
Roselle Allsop joins Chetwood Financial as director of marketing
Chetwood Financial has appointed Roselle Allsop as its new director of marketing. Founded in 2016, Wrexham-based Chetwood Financial is a digital bank that has multiple […]
Higher swap rates to put breaks on the mortgage market
Rising swap rates are set to dampen down mortgage market activity – putting the breaks on a positive start to 2024. The five-year swap rate […]
Hawaii the least affordable US state
Hawaii is the least affordable US state for people to save for a deposit and buy property, a study by real estate firm Agent Advice […]
Property professionals increasingly targeted by criminals
Some 37% of estate agents and other property firms experienced financial crime in 2023, jumping from 17% the year before. The number of property firms […]
Are leaseholds becoming the best option for first-time buyers?
Leaseholds are changing in 2024. The Land Registry is introducing a reform to the current leasehold system in their 2022+ Strategy. This will focus on […]
Remortgagers fuelling mortgage market activity increase
While the mortgage market is showing signs of rebounding, it’s remortgagers who are driving this increase, as opposed to new homebuyers purchasing a new property. […]
Bristol the best city for buy-to-let
Landlords in it for the long haul should invest in Bristol, which just saw returns grow by 6.6% annually, Aldermore’s Buy to Let City Tracker […]
Jeremy Hunt to unveil 99% Help to Buy-style scheme
Chancellor Jeremy Hunt is planning to launch a 99% mortgage market scheme, as the Conservatives look to woo younger voters ahead of the general election. […]
Technology infrastructure specialist NCG appoints Christopher Baldock as chair
Technology infrastructure specialist NCG has appointed Christopher Baldock as its new chair. Founded in 2019, NCG is an internet service provider (ISP) and master systems […]
Tenants don’t have any faith in government
The UK’s renters are not on side with the government – in what is likely to spell bad news for the Conservatives in the upcoming […]
One in 10 tenants turning to food banks to get by
Some tenants are severely struggling in the current climate, as one in 10 (11%) have had to resort to food banks to get by, research […]
Buying your office and other commercial property with your SSAS pension
Richard Mattison, director of pensions administrator, Whitehall Group, explains benefit of paying rent to your own retirement fund and the significant tax saving. One of […]
Will rents keep rising? – PropertyWire
By Allison Thompson, national lettings managing director, Leaders Romans Group Typically, rents rise in line with wages – which, in turn, tend to track inflation […]
‘Time to adopt modular construction to bring costs down’
Construction firms have been urged to start using modular construction in order to make the process more cost-effective. This comes as construction costs are predicted […]
Government tightens Airbnb regulations – PropertyWire
Airbnbs will require planning permissions and local councils will have the power to remove permitted development rights, under a new policy unveiled by the government. […]
EDITOR VIEW: Pontificating on Brownfield won’t do much
Last week the government pushed for building on more brownfield land, but for me that’ll barely have any effect compared to opening up pockets of […]
Rental growth drops back to single digits
The cost of new lets has increased by 8.3% year-on-year – the first time they’ve dropped to single digits in six months, Hamptons research has […]
UK inflation rate remains at 4%
The UK inflation rate has remained at 4%, defying forecasts of a rise. The Bank expected the inflation rate to rise to 4.1%, while economists […]
HomeLet unveils fake tenancy spotting solution
HomeLet has launched VISTA, a tenant referencing service designed to mitigate fraud risk. The tenant referencing and lettings insurance company claimed its new product would […]
What is Flex?
Guy Westlake is founder & chairman of Lavanda In the rapidly evolving world of residential real estate, “flex” has become a key term when discussing […]
Preston most likely to be renovated
The city of Preston has been named the UK region most likely to be renovated by interior company Swift Direct Blinds. The city has a […]
TPP: Don’t overreact on recession headlines
Fintech platform TPP has urged investors not to overreact to headlines around a recession in the UK. GDP growth fell by 0.1% in Q4 2023, […]
Professionals calls for return of Help to Buy in Budget
Over a third of property professionals would like to see the reintroduction of Help to Buy or some government-led initiative announced in the upcoming Budget […]
Government looks to greenlight larger heat pumps
The government is considering changing the permitted development right requirement for heat pumps to be smaller than 0.6 cubic metres, as outlined in a new […]
Two rogue landlords in Cardiff handed hefty fines
Two landlords in Cardiff have been handed hefty fines for renting out dangerous properties that lacked basic fire safety measures. Rowshanara Begum let out her […]
OPINION: Gove’s focus shouldn’t just be on new builds
By Daniel Austin, chief executive and co-founder at ASK Partners The UK has a widely reported and growing housing shortfall as a result of under […]
Tenants lack confidence in letting agents
Some 39% of tenants don’t feel able to reach out to their letting agents with property-related issues. The research, from Zero Deposit, points to a […]
3,000 homes and primary school development planned in Edinburgh
A developer has launched a proposal for a new community in west Edinburgh that promises 3,000 homes, office space to support more than 4,000 jobs, […]
Michael Gove: Democracy under threat by troubled housing market
Democracy is on the line if young people feel unable to get on the housing ladder, housing secretary Michael Gove has warned. Gove, who was […]
Students struggling to pay the rent
Some two in five undergraduate students have thought about leaving university due to the cost of rent, a poll by student money website Save the […]
Councils are the next Post Office scandal, says landlord expert
Councils are the next Post Office scandal, as they are guilty of severe maladministration, excessive enforcement and unfair licensing conditions against private sector landlords. That […]
How can I help my loved one get on the property ladder?
By Sarah Thompson, managing director, Mortgage Scout Compared with a decade ago, today’s first-time buyers are older, more likely to buy with a partner and […]
House prices in fourth consecutive rise
House prices have risen for four months in a row, as they increased by 1.3% in January, Halifax’s house price index has revealed. It typically […]
Legal aid needed as evictions rise
Evictions and repossessions are on the rise – as the Law Society of England and Wales warned that housing legal aid must be made available […]
Ex-We Work CEO tries to buy company back
The former chief executive of WeWork Adam Neumann has attempted to buy his beleaguered former company back. He approached the bankrupt firm about a potential […]
Buy-to-let arrears cases worsen compared to residential
A growing number of landlords are falling into mortgage arrears compared to their residential counterparts, UK Finance data shows. Between the third and fourth quarters […]
Government shelves promise to fund disabled homes – NRLA responds
The government has stopped increasing the money disabled people in England can claim to adapt their homes – seemingly dropping a previous pledge. The maximum […]
Gaining repossession can take more than a year – thanks to broken court system
Landlords are dealing with excessive delays in regaining possession of their properties due a broken court and bailiff system. One landlord, Dr Reneé Hoenderkamp, filed […]
Landlord Investment Show returning next month
The National Landlord Investment Show is being held at Olympia London on 6 March 2024. The free-to-attend one-day event features 50+ seminars, offering the latest […]
Landlord and fake agent jailed for running drug farms
A landlord who allowed his properties to be used as cannabis growing factories has been jailed. Jeremy Southgate, 63, installed ghost tenants into the properties, […]
Intermediaries growing more confident in the market
Mortgage brokers are becoming increasingly bullish about the state of the mortgage market – a promising sign that the flow of transactions is expected to […]
Locksmiths the highest earning tradespeople
Locksmiths are the highest-earning tradespeople in the UK, with an average hourly wage of £44.65, analysis from Capital on Tap has revealed. They are able […]
Landlords target student housing – PropertyWire
Student housing is seen as the most appealing property investment in the next 12 months, according to a report from the mortgage lender Together entitled […]
How many new homes do we REALLY need?
Ritchie Clapson CEng MIStructE is a veteran property developer of 40+ years, an author, industry commentator, and co-founder of the leading property development training company […]
Title Guardian partners with the NRLA to protect landlords from fraud
Members of the National Residential Landlords Association can now use Title Guardian’s anti-fraud, digital monitoring tool, after a partnership was established between the two groups. […]
December mortgage approvals soar by 25%
The number of mortgages approved in December soared by 25.6% year-on-year, signalling that the buyers are settling into the environment of relatively high mortgage rates. […]
Rents rise as “market isn’t cooling down”
The cost of renting increased by 1.8% in Greater London in January – pushing average prices up to £1,968 in the capital. Elsewhere prices increased […]
Tenants paying 13 months a year in rent due to landlord renewal fees
London tenants who stay in their property for more than a year are paying 13 months’ rent a year to the cost of renewal fees, […]
The Labour Party pledges to extend Awaab’s Law to private sector
The Labour Party has committed to extending Awaab’s Law – where social landlords have to fix hazards quickly – to the private sector if they […]
Landlords suffer ‘double jeopardy’ with selective licensing schemes
Landlords can suffer a ‘double jeopardy’ of tenants committing anti-social behaviour and taking action against them due to selective licensing schemes, Landlord Licensing & Defence […]
