Property News
Latest news, advice, and insights for UK property professionals
Remortgage Searches Up 7% in July as Purchase and BTL Activity Slows
Remortgage searches rose 7% in July, while purchase and buy-to-let searches eased, according to Twenty7tec data reported by Mortgage Strategy.
High-Value Bridging Loans Support HNW Homebuyers in UK Property Market
Large bridging loans over £1m made up nearly half the value of regulated residential bridging lending in Q1 2026, supporting high-value UK house sales, according to FCA data.
Underwriting Bottlenecks Remain Key Challenge in UK Mortgage Process
Research highlights that underwriting is the main bottleneck in the UK mortgage process, with both brokers and lenders citing it as their biggest operational challenge.
Valuers Challenge 'Down Valuation' Claims in UK Property Market
A report by Mortgage Solutions highlights that valuers do not recognise the term 'down valuation', stating that valuations are based on independent market evidence rather than agreed prices or owner estimates.
Rob Lankey Appointed Chief Commercial Officer at Afin Bank
Rob Lankey has been promoted to chief commercial officer at Afin Bank, where he will oversee lending strategy and manage the sales team.
HSBC to Cut Residential and Buy-to-Let Rates Tomorrow
HSBC will reduce rates across its residential and buy-to-let mortgage ranges tomorrow, following similar moves by other major UK lenders.
ProConvey and Thirdfort Expand Partnership to Streamline ID Checks
ProConvey and Thirdfort have expanded their partnership to embed Thirdfort's identity verification in ProConvey's Fast Track Sale, aiming to end repeated ID checks during home moves.
Santander Reduces Mortgage Rates Across Residential and Buy-to-Let Ranges
Santander has announced mortgage rate reductions of up to 0.25% across its residential, new build, and buy-to-let ranges, with the largest cuts on higher loan-to-value products.
Vida Bank Reports 141% Surge in Gross New Mortgage Lending
Vida Bank's gross new mortgage lending rose by 141% to £840m in H1 2026, with BTL loans driving higher LTV lending. The total mortgage book reached £3bn.
Hampshire Investor Uses 80% LTV Bridging Finance for Refurbishment Purchase
A three-bedroom house in Andover, Hampshire, was bought for £255,000 with 80% LTV bridging finance due to its need for substantial refurbishment.
Finova Appoints Three Directors to Strengthen Manchester Hub
Finova has appointed three new directors to its Manchester hub, aiming to enhance its presence in the city and further develop its AI and cloud platform capabilities.
Five More Firms Join FCA Scale-up Unit to Support Financial Innovation
Five new firms, including Urban Jungle, have joined the FCA's Scale-up Unit, which offers tailored regulatory support to help financial businesses innovate and grow.