Property News
Latest news, advice, and insights for UK property professionals
Government Announces Consultation on First Time Buyer ISA to Replace Lifetime ISA
The government has outlined plans for a new First Time Buyer ISA to replace the Lifetime ISA, aiming to address previous criticisms and support first-time buyers. Key details, including annual limits and property price caps, are under consultation.
Atom Bank Raises Commercial Mortgage Proc Fees and Cuts Rates
Atom Bank has increased procuration fees for new commercial mortgage applications and introduced improved rate discounts on large loans, according to Mortgage Strategy.
Connells: A Third of Renters Face 35-Year Wait to Buy a Home
Connells research finds a third of UK renters save £100 or less per month, facing a 35-year wait to buy a home. High rents and deposit requirements are key barriers.
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.