Latest news, advice, and insights for UK property professionals
Property118 discusses whether landlords may be over-exposed to property investment. The article reflects on the motivations and strategies of many UK landlords.
Research by the Open Property Data Association finds that failed house sales cost the UK economy nearly £2bn each year, with over half of transactions falling through after an offer is made.
Barclays reports that 62% of tenants believe the Renters’ Rights Act will improve their housing conditions and protections, but concerns remain over potential rent increases and supply.
Buckinghamshire Building Society has increased maximum loan sizes and launched new fixed-rate products for buy-to-let, holiday let, and expat borrowers.
Nationwide's gross mortgage lending rose to £45.8bn, with its loan book increasing and arrears falling, according to its latest financial results.
OneDome has appointed Joanna Purdy as group head of compliance and promoted Rebecca Curtis to head of compliance for its networks, Mortgage Intelligence and OneDome Growth Partners.
Barclays research finds 22% of UK homeowners want a second property but see costs as a barrier, with running costs and stamp duty among top concerns.
Landbay's latest survey reports stable landlord sentiment, with most landlords confident in their portfolios but cautious about the UK economy. Many plan rent increases and favour fixed-rate mortgages.
The Financial Ombudsman Service identified a quarter of customers bringing complaints last year as vulnerable, up from 10% the previous year, according to Mortgage Strategy.
Complaints about residential first charge mortgages fell by 11% in the last financial year, according to the Financial Ombudsman Service. Buy-to-let complaints remained steady.
A property investor secured £1,462,500 in bridging finance from SDKA to buy a St John’s Wood flat and pursue a Section 42 lease extension, aiming to widen refinancing options.
UK estate agents continue to show limited attendance at industry conferences, despite opportunities for professional development and networking, according to PropertyWire.
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