Property News
Latest news, advice, and insights for UK property professionals
Leeds Lettings Agency Reports 40% Growth in Managed Properties
Leeds-based WS Residential has reported a 40% year-on-year increase in its managed property portfolio, according to Letting Agent Today.
New Rental Ombudsman Scheme Will Not Cover Letting Agents
A new rental ombudsman scheme has been proposed, but letting agents are not included. No implementation date has been announced.
Government Considers More Powers for Councils on Short-Term Lets
The government is considering giving councils additional powers to address issues caused by short-term lets and second homes, according to a statement from Housing Minister Matthew Pennycook.
Estate Agent Reports Decline in UK Buy-to-Let Demand
Estate agent emoov reports a fall in UK buy-to-let demand, with online searches for 'buy-to-let landlord' dropping in most cities, according to Property118.
Aldermore Research Links Rising Rents to Increased Tenant Demand
Aldermore data shows two out of three renters are paying more rent than expected as tenant demand rises. Government legislation is also putting pressure on landlords.
Brokers Urged to Plan Exit Strategies for Bridging Finance Deals
Mortgage Strategy reports that brokers are increasingly focusing on realistic exit strategies for bridging finance, as refinancing has become more challenging in the current UK property market.
Santander Raises Maximum LTV to 90% for Foreign National Mortgages
Santander UK has increased its maximum loan to value (LTV) for foreign national mortgage applicants to 90%, up from 75%. The policy applies to all property types, including new builds.
EPC Ratings Have Limited Impact on Owner-Occupied House Prices
Nationwide data shows EPC ratings have a modest effect on owner-occupied house prices, with most homeowners prioritising energy efficiency for personal benefit rather than resale value.
NAO: MoD Sale-and-Leaseback of Military Homes Cost Taxpayers £15bn
The National Audit Office estimates the MoD lost nearly £15bn through the sale and leaseback of military homes, with a 2024 repurchase halting further losses.
Minister Issues Intervention Letter on City of London Local Plan
The Minister of State for Housing and Planning has written to the Planning Inspectorate regarding the City of London Corporation’s Local Plan, issuing directions to Inspectors.
Landlords Face Insurance Gaps Amid Tightening UK Regulations
Landlords are being warned about insurance gaps due to inadequate disclosure and regulatory changes, according to Paymentshield's Rana Ali, as reported by PropertyWire.
Housing Secretary Outlines Social Housing Plans at Lloyds Forum
The Housing Secretary has announced the national rollout of the Small Sites Aggregator and reaffirmed government commitments to increasing social and affordable housing.