Property News
Latest news, advice, and insights for UK property professionals
HMRC Reports 2% Drop in UK Property Transactions for May
HMRC data shows UK residential property transactions fell by 2% in May compared to April, but remain higher than last year. Letting agents and inventory clerks may see continued market fluctuations.
£4.5bn Legal Claim Filed Against Major UK Housebuilders
A legal claim worth up to £4.5bn has been filed against major UK housebuilders, alleging anti-competitive information sharing that may have led to higher new-build home prices.
LendInvest Launches New Semi-Commercial Buy-to-Let Mortgage Products
LendInvest has introduced new semi-commercial buy-to-let mortgage products, with fixed rates from 5.94%. Applications for semi-commercial finance have increased, according to the lender.
Glenhawk Completes £3.1m Bridging Loan on Essex Residential Portfolio
Glenhawk has completed a £3.1 million bridging finance facility secured against three residential properties on a private estate in Essex, as the homes are marketed for sale.
New Buy to Let Mortgage Deals Launch This Week
New buy to let mortgage deals are now available, according to Landlord Today. The deals launched this week and are available immediately.
Landlord Fined for Ignoring Improvement Notices
A landlord has been fined after pleading guilty to two offences related to repeatedly ignoring improvement notices, according to Landlord Today.
Paragon Bank Offers £1,000 Cashback on Buy-to-Let Mortgages
Paragon Bank has launched a £1,000 cashback offer on 21 buy-to-let mortgage products, including options for HMOs and multi-unit blocks.
Police and Immigration Officials Join Council Raids on HMOs
Police and immigration officials have participated in council raids on HMOs, according to Landlord Today. It is unclear if any legal action has followed.
Activists Support Move to Custodial-Only Tenancy Deposit Schemes
Generation Rent activists back Labour's proposal for a custodial-only tenancy deposit system, as the Housing Minister considers ending the current dual-model approach.
Leeds Agents Offered Support for Student Tenancy Changeovers
Leeds council is working with local universities and Unipol to support letting agents during the student tenancy changeover period.
SHC Capital Arranges £33m Bridging Loan for London Property Portfolio
SHC Capital arranged a £33 million bridging facility with GB Bank for a mixed-use London property portfolio, completing the deal in seven days.
Damp and Mould Complaints Rise in Manchester’s Private Rented Sector
Manchester City Council data shows a steady increase in damp and mould complaints in private rented housing, rising from 649 in 2021 to 918.