Property News
Latest news, advice, and insights for UK property professionals
Over a Million UK Homeowners Face £283 Monthly Mortgage Increase
More than one million UK homeowners coming off two-year fixed mortgage deals in 2024 could see monthly payments rise by £283 if they move to their lender’s SVR, according to Compare the Market.
Coventry BS Offers 6.5x Income Mortgages for First-Time Buyers
Coventry Building Society has launched mortgages up to 6.5 times income for eligible first-time buyers, with up to 95% loan to value available on new-build houses.
First-Time Buyers Face Highest Affordability Pressure Since 2008
UK Finance reports first-time buyers now spend 22.6% of gross income on mortgages, the highest since 2008, with affordability unlikely to improve soon.
Mortgage Approvals Fall as Gross Lending Drops to £25.9bn in July
Mortgage approvals for house purchases fell by 3.6% in July, with gross lending dropping to £25.9bn, according to Bank of England figures.
Paragon Bank Cuts Buy-to-Let Mortgage Rates by Up to 15bps
Paragon Bank has reduced fixed-rate buy-to-let mortgage rates by up to 15 basis points across its Core and Tailored ranges, with new rates starting from 3.4%. The changes apply to a variety of property types and include cashback offers.
More2life and VBS Partner to Support Lending on Homes Needing Repairs
More2life has partnered with Verified Building Services to enable lifetime mortgage applications on homes requiring essential repairs, including those with spray foam.
Coventry for Intermediaries Raises FTB Lending to 6.5x Income
Coventry for intermediaries has increased lending for first-time buyers to 6.5 times income and raised loan-to-value limits on new-build properties, according to Mortgage Strategy.
Bank of England Reports Sharp Drop in Mortgage Borrowing for July
Bank of England data shows a significant fall in mortgage borrowing and approvals in July, with net borrowing dropping to £4.3 billion and approvals for house purchases also down.
More2life and VBS Partner to Support Essential Home Repairs for Later Life Lending
More2life has partnered exclusively with Verified Building Services to help clients progress later life mortgage cases requiring essential home repairs, including properties with spray foam.
Government Issues September 2026 Grenfell Tower Community Update
The government has released a September 2026 update on the careful deconstruction of Grenfell Tower, including dust, noise, and vibration monitoring reports.
UK House Prices Increase for First Time Since April, Reports Nationwide
UK house prices rose 0.2% in August, the first monthly increase since April, according to Nationwide. Annual prices were up 1.6% compared to last year.
Nationwide Reports Subdued UK House Price Growth in August
UK annual house price growth was stable at 1.6% in August, with prices up 0.2% month-on-month, according to Nationwide. Market activity and prices remained subdued.