Property News
Latest news, advice, and insights for UK property professionals
Nearly half of Scots renting or locked out doubt they will ever own a home
Pepper Money research finds 47% of Scots not on the property ladder believe home ownership is permanently out of reach, rising to 55% among those with complex or variable incomes.
Family Building Society appoints Laura Hamp as CFO and board member
Family Building Society has promoted Laura Hamp to chief financial officer and board director. She joined earlier this year from Furness Building Society.
Barclays lifts residential remortgage rates by up to 25bps; Halifax raises selected fixes
Barclays has increased residential remortgage rates by up to 25 basis points, while Halifax is raising selected fixed rates by up to 11bps and withdrawing its 18-month fixes.
FCA partners with industry bodies to boost protection take-up among renters
The FCA will work with AMI, MaPS, DPMSG and the Protection Distributors' Group to encourage more people, including renters, to consider protection policies.
FCA gives protection market 12-18 months to improve take-up
The FCA's final protection market study report found 58% of people remain unprotected, but rejected mandating protection discussions or auto-enrolment as disproportionate.
Gable Mortgages launches 100% LTV range with rates from 6.4%
Gable Mortgages has launched a 100% LTV mortgage range, with rates starting at 6.4% on selected Barratt Redrow properties. The lender cites unaffordable deposit requirements and Renters' Rights Act changes.
Family Building Society appoints Laura Hamp as CFO
Family Building Society has confirmed Laura Hamp as its CFO and board member. Hamp joined earlier this year from Furness Building Society, where she was also CFO.
US Investor Bill Ackman Buys 6% Stake in Rightmove as Takeover Rumours Fly
Hedge fund manager Bill Ackman has bought a 6% stake in Rightmove, with investor insiders suggesting the move could precede a takeover challenge.
Gable launches 100% LTV mortgage range targeting first-time buyers
Gable Mortgages has launched a 100% LTV product range aimed at the UK first-time buyer market, with rates from 6.4% and options for key workers and select new-builds.
Asking prices rise 0.7% in September but rate fears loom, says Rightmove
Rightmove reports the first monthly asking price rise since May, up 0.7% to £267,440, but experts warn of a crowded market and possible rate rises ahead.
Buy-to-let marks 30 years as market grows to £300bn
Buy-to-let reaches its 30th anniversary, with the sector now accounting for around a fifth of outstanding UK mortgage balances, worth more than £300 billion.
FCA partners with AMI and industry groups to close UK protection gap
The FCA is working with the Association of Mortgage Intermediaries and other stakeholders to encourage more UK adults to take out protection insurance.