Property News
Latest news, advice, and insights for UK property professionals
Major UK Housebuilders Face £4.5bn Class Action Over New-Build Prices
A proposed class action worth up to £4.5bn has been launched against major UK housebuilders, alleging inflated new-build prices due to anti-competitive behaviour.
£1.9m Mayfair Refinance Highlights Cross-Border Legal Complexities
A £1.9m bridging finance deal for a Mayfair apartment required cross-border legal coordination due to its Singapore corporate ownership, illustrating challenges for international investors.
TAB Completes £2.9m Bridging Loans for Oxfordshire and Kensington Properties
Specialist lender TAB has completed two bridging finance deals totalling £2.9 million for properties in Oxfordshire and Kensington, both introduced by Prism Private Finance.
Spanish Investor Secures £1.2m Bridging Loan on Chelsea Buy-to-Let
A Spanish-based investor has obtained a £1.2 million bridging loan against a Chelsea buy-to-let property to refinance an expiring mortgage and release capital for a business venture.
TwentyCi Appoints Spencer Wyer as Chief Product Officer
TwentyCi has named Spencer Wyer as chief product officer, focusing on expanding its residential property market intelligence for the mortgage lending sector.
Government Admits EPC Rules May Contribute to Rent Increases
The government has acknowledged that landlord EPC targets could be a factor in rising rents, following a parliamentary question about the impact of new energy efficiency standards.
Major Lenders Announce Rate Cuts Across UK Mortgage Products
Barclays, NatWest, Santander, and TSB have reduced rates on a range of mortgage products, with other lenders also making cuts. Some buy-to-let and specialist deals are included.
Atom bank raises Near Prime maximum LTV to 95%
Atom bank has increased the maximum loan-to-value on its Near Prime range from 90% to 95%, targeting borrowers with light adverse credit history.
Landlord and Tenant Searches Surge Ahead of Renters’ Rights Act
Searches for the Renters’ Rights Act rose sharply before its enforcement, with landlords and tenants seeking information on new legal requirements.
Energy Price Cap Rise to Add Up to £591 for Least Efficient Homes
Ofgem's energy price cap increase could see annual bills rise by up to £591 for homes with the lowest EPC ratings, according to Rightmove analysis.
Sovereign Life Group Launches, Uniting Age Partnership, Advise Wise and Pure Retirement
Sovereign Life Group has launched, bringing together Age Partnership, Advise Wise, and Pure Retirement to focus on later life advice, lending, and technology.
Government Updates on Council Tax Enforcement Consultation
The government has issued an update on its technical consultation regarding council tax enforcement and ongoing assessment of new burdens for local authorities.