Property News
Latest news, advice, and insights for UK property professionals
Short Leaseholders Weigh Whether to Extend Now or Wait for Leasehold Reform
A new Property118 article examines whether leaseholders with shortening leases should extend now or wait for the Leasehold and Freehold Reform Act 2024 and upcoming Commonhold and Leasehold Reform Bill.
New-Let Rents Rise 2.4% as Northern Rents Top £1,000
New-let rents across Great Britain rose 2.4% year on year in August, according to Hamptons, with average new let rents reaching £1,419.
Propertymark warns licensing schemes must be proportionate and not add to regulatory burden
Propertymark has warned that licensing schemes must be proportionate rather than duplicative, as North East Lincolnshire Council announces a £200 charge for landlords missing selective licensing.
HSBC, Santander and Nationwide raise mortgage rates by up to 45bps
Santander, Nationwide and HSBC have all announced mortgage rate increases of up to 45 basis points, with buy-to-let and first-time buyer ranges affected.
Landlords concentrate investment in home regions, Redwood Bank research finds
Redwood Bank research found professional landlords increasingly investing in markets they know well, with the East Midlands and South West seeing local investment rise between 2021 and 2026.
Shepherds Friendly Joins The Right DA Club Protection Panel
The Right DA Club has added Shepherds Friendly to its protection panel, giving member advisers access to the insurer's income protection proposition.
Twenty7tec completes API integration with Fluxifi platform
Twenty7tec has completed an integration with Fluxifi, letting advisers access its RESEARCH mortgage sourcing tool without leaving the Fluxifi workflow.
Tab Secures £200m Facility from GB Bank to Boost Bridging and Commercial Lending
Specialist lender Tab has secured a £200m funding line from GB Bank to support growth in its commercial mortgage and bridging loan propositions.
SDKA appoints Alex Swan as head of underwriting in team promotions
Short-term finance lender SDKA has promoted Alex Swan to head of underwriting, with Chris Simpson moving up to senior underwriter after a stable financial year.
Remortgaging surge continues as house purchase approvals dip
Bank of England figures show remortgage approvals rising while house purchase approvals fall, with brokers reporting a clear shift towards remortgaging activity.
Archaic Systems and Poor Communication Are Broker Bugbears, Say Mortgage Brokers
Two mortgage brokers tell Mortgage Solutions that outdated lender systems, repetitive forms and piecemeal underwriting requests are wasting time and adding cost.
Bank of England's Huw Pill Pushes for Base Rate Rise Despite Tighter Mortgage Conditions
Bank of England Chief Economist Huw Pill has voted to raise base rate from 3.75% to 4%, but a Mortgage Solutions columnist argues borrowers already face significantly higher costs.