Property News
Latest news, advice, and insights for UK property professionals
AI Unlikely to Fully Replace Mortgage Advisers, Says Industry Report
A report highlights that while AI is transforming the mortgage sector, it is unlikely to fully replace human mortgage advisers in the UK.
Nationwide Reports 2.2% Annual UK House Price Growth in June
Nationwide's June index shows UK house prices up 2.2% year-on-year, with all regions seeing growth. Monthly prices remained flat, and Northern Ireland led regional increases.
Experts Discuss Income Protection for Modern Workers
Mortgage advisers are addressing the challenges of protecting income for self-employed and contract workers, as discussed in a recent Mortgage Strategy episode.
Bank of England Holds Interest Rates at 3.75%
The Bank of England kept interest rates at 3.75% last month, according to This Is Money Mortgages.
CHL Mortgages Unveils Light Refurbishment Mortgage Range
CHL Mortgages has launched a light refurbishment mortgage range for individual and limited company landlords, with fixed rates and options for HMOs and MUFBs up to 75% LTV.
Repeal of Vagrancy Law Raises Questions Over Eviction Legality
The repeal of the Vagrancy law prompts questions about the legality of justified evictions, as reported by Property118.
Three Equity Release Firms Merge to Form Sovereign Life Group
Age Partnership, Pure Retirement, and Advise Wise have combined to form Sovereign Life Group, while retaining their individual brands and management.
OMS Renews CRM Contracts with Promise Money and Leith Mortgage Centre
One Mortgage System has renewed CRM contracts with Promise Money and Leith Mortgage Centre, enabling both firms to continue using OMS's platform to improve efficiency and customer experience.
Halifax Brand to Be Phased Out After 173 Years, Lloyds Confirms
Lloyds Banking Group will discontinue the Halifax brand after 173 years, rebranding accounts and branches to Lloyds. No timeline has been specified.
Halifax Intermediaries to Rebrand as Lloyds Intermediaries in 2027
Halifax Intermediaries will become Lloyds Intermediaries in 2027 as the Halifax brand retires. BM Solutions will also rebrand, with no set date announced.
Offa Raises £6.5m to Support National Expansion and Technology Investment
Islamic property finance firm Offa has secured £6.5m through a sukuk and warrant structure to fund growth, with investment aimed at technology, operations, and national expansion.
Spencer Wyer Appointed Chief Product Officer at TwentyCi
TwentyCi has named Spencer Wyer as chief product officer, tasking him with leading product strategy and launching a new property market benchmarking tool.