Property News
Latest news, advice, and insights for UK property professionals
Nationwide Job Cuts and Halifax Brand Retirement Lead UK Property Headlines
Nationwide is consulting on 600 job cuts after its Virgin Money takeover, while Lloyds Banking Group will retire the Halifax brand after 173 years. Other key updates include mortgage rate cuts and a major legal claim against housebuilders.
Manufacturer Secures £1.7m Bridging Loan for West Yorkshire Site
Recognise Bank has provided a £1,697,500 bridging loan to a manufacturer for the acquisition of two industrial units in West Yorkshire, supporting the company's strategy to own its operational premises.
Bridging Lender Enables Below-Market Buy-to-Let Acquisition
Somo has completed a second charge loan allowing a borrower to buy a £500,000 buy-to-let property for £350,000 and clear mortgage arrears, highlighting bridging finance's role in complex deals.
FCA Highlights Emotional Barriers to Later Life Lending
The FCA has warned that emotional factors, particularly shame, are a major barrier to later life lending, affecting both older first-time buyers and those considering equity release.
Halifax Intermediaries to Rebrand as Lloyds in 2027
Halifax Intermediaries will change its brand to Lloyds in 2027. The FCA's plans to clarify Consumer Duty rules and lender rate changes were also highlighted this week.
Keystone Launches Special-Edition HMO and MUFB Buy-to-Let Products
Keystone Property Finance has introduced special-edition HMO and MUFB products with lower rates and a simplified fee structure, aiming to streamline its buy-to-let offering.
Case Study Reveals True Earnings of £3.4m UK Property Portfolio
A Property118 case study examines the real cashflow and returns of a £3.4 million UK property portfolio, highlighting the impact of mortgage rates and operating costs.
Omni Protect Appoints Richard Waters as Head of Strategic Partnerships
Omni Protect has named Richard Waters as its new head of strategic partnerships for protection and health, focusing on new initiatives and industry collaboration.
Average Fixed Mortgage Rates Fall to Lowest Level Since March
Average fixed-rate mortgage prices have dropped to their lowest level since March, with both two- and five-year fixes now at 5.51%, according to Moneyfacts.
Lender Innovation Targets First-Time Buyer Barriers Post-Help to Buy
Accord Mortgages highlights lender innovation to support first-time buyers facing affordability and deposit challenges after the end of Help to Buy.
Precise Launches Cashback Deals; ModaMortgages Cuts BTL Rates
Precise has introduced limited-edition residential products with cashback, while ModaMortgages has reduced rates on its buy-to-let range, including HMOs and MUFBs.
Nottingham Building Society Cuts Rates and Lowers Stress Tests
Nottingham Building Society has reduced mortgage rates by up to 32 basis points and lowered stress rates, aiming to boost affordability for borrowers.