Property News
Latest news, advice, and insights for UK property professionals
Barclays raises residential rates by 20bps across 39 purchase deals
Barclays is increasing rates by 20 basis points across 39 residential purchase-only deals, joining a second wave of lender repricing this month.
Fintel Reports H1 Growth as Mortgage Revenue Rises 10% to £2.2m
Fintel's interim mortgage revenue grew 10% year-on-year to £2.2m, outpacing its wider services division. The group says highly intermediated markets such as mortgages and protection hold significant potential.
Nationwide appoints Richard Walker as head of intermediary sales as James Briffitt retires
Nationwide has named Richard Walker as its new head of intermediary sales, succeeding James Briffitt, who retires after 20 years at the lender.
Fall in Advisers Causes 3% Drop in LSL Financial Services' H1 Revenue
LSL's financial services division reported a 3% year-on-year revenue fall to £22.9m in H1, driven by a decline in adviser numbers and investment in a new CRM system.
Alternative Bridging Corporation Launches Alternative Commercial Mortgages
Alternative Bridging Corporation has launched a new subsidiary, Alternative Commercial Mortgages, offering long-term commercial mortgages via brokers with terms from five to 30 years.
Pitch Black Technology Joins BDLA as Associate Member
Software firm Pitch Black Technology Limited has joined the Bridging & Development Lenders Association (BDLA) as an associate member, supporting the association's CRM build.
Housebuilders urge government to 'walk the walk' on housing reform
Major UK housebuilders are calling on the new government to cut taxes and reduce regulation, including abolishing stamp duty for first-time buyers, to tackle the housing crisis.
Hawthorn Capital Acquires Xenia Property Group, Manager of 4,000+ Units
Private investment firm Hawthorn Capital has acquired Xenia Property Group, a lettings operation with over 4,000 units under management spanning block management, residential and student lettings.
Property118: PRS Database Fee Could Add Around £6 a Month to Rents
Property118 reports that the new £65-a-year PRS Database registration fee per property could translate into a rent increase of around £6 per month for tenants.
Labour Member Calls for Mandatory Damp and Mould Inspections in Private Rented Sector
Jacky Peacock, founder of Fairer Housing CIC and a Labour party member, wants legal requirements for regular damp and mould inspections in the private rented sector.
Rayner admits 'slim chance' of meeting 1.5 million homes pledge
Housing Secretary Angela Rayner says there is only a "slim chance" the government will hit its 1.5 million homes target, citing headwinds including rising construction costs.
LSL profits jump as estate agency franchising hits record margin
LSL Property Services grew first-half profit despite weaker residential sales, with its franchising division hitting a record 30% margin and properties under management up 4%.