Property News
Latest news, advice, and insights for UK property professionals
OPDA Report Highlights Lack of Visibility in UK Homebuying Process
A new OPDA report finds 43% of consumers blame delays in homebuying on poor visibility and communication, with many asked to resubmit information multiple times.
First-Time Developer Secures £895,000 Loan for Bromley Project
Avamore Capital has provided an £895,000 loan for a two-home ground-up development in Bromley, marking the borrower's first project of this type.
One in Three Renters Face 35-Year Wait to Save House Deposit, Skipton BS Finds
Research from Skipton Building Society finds a third of UK renters saving £100 or less per month could wait 35 years to save a house deposit, with high rents cited as a key barrier.
Thousands of Interest-Only Mortgages Nearing Maturity May Lead to Poor Outcomes
Thousands of older homeowners with interest-only mortgages are approaching the end of their terms, with many unaware of available options, according to Air and UK Finance data.
Shepherds Friendly Appoints Laura Gauden as Head of Sales
Shepherds Friendly has named Laura Gauden as its new head of sales. Gauden joins from Newcastle Building Society and will oversee the sales team and develop the mutual's broker partnerships.
Clydesdale Bank to Stop New Mortgage Lending After Nationwide Takeover
Clydesdale Bank will cease lending to new mortgage customers following Nationwide's takeover of Virgin Money. Existing borrowers can still access switcher deals.
Scottish Building Society Supports New First Home Fund Scheme
Scottish Building Society is among the first lenders to support the Scottish Government’s new First Home Fund, offering a £10,000 shared equity contribution for homes up to £300,000.
Political Uncertainty and Mortgage Market: Key Lesson for Property Firms
A decade of political change has brought major housing policy shifts. Mortgage firms that thrive are those not reliant on Westminster's next move.
FCA Proposes Flexible Mortgage Rules to Support Diverse Borrowers
The FCA's latest consultation proposes more flexible mortgage rules to help first-time buyers and underserved groups, with a focus on Consumer Duty and adviser involvement.
Molo Appoints Ben Saffery as BDM for South London and South East
Molo has named Ben Saffery as business development manager for South London and the South East, focusing on complex buy-to-let lending.
Awareness, Not Affordability, Is Key Barrier for First-Time Buyers
A report highlights that lack of awareness, rather than affordability, is a major barrier for first-time buyers. Many potential buyers do not seek advice or explore available mortgage options.
Accord and Coventry Announce Rate Reductions and Product Changes
Accord and Coventry Building Society are reducing rates on residential and buy-to-let products, with Coventry also withdrawing some products and extending end dates.