Property News
Latest news, advice, and insights for UK property professionals
Average London Rent Now Requires £75,000 Salary, Says Propertymark
Propertymark reports tenants now need nearly £75,000 annual salary to rent an average London property, as rents in the capital rise 4.2% month-on-month.
Energy-Efficiency Rules Unlikely to Cause Mass Landlord Exit, Report Finds
A Resolution Foundation report finds new energy-efficiency requirements are unlikely to trigger a mass exodus of landlords from the UK private rented sector.
Open Data Milestone Achieved in UK Home Buying Process
Proptech firm Kotini has demonstrated secure, reusable access to HM Land Registry data, marking a significant step for open data in the UK property sector.
West Brom Building Society Raises LTI Limits for Buyers
West Brom Building Society has updated its loan-to-income policy, allowing higher borrowing limits for applicants earning over £40,000, subject to affordability and lending criteria.
UK Housing Market Experiences Slowest Price Growth in Over Two Years
Annual price growth in the UK housing market is now at its slowest for over two and a half years, according to Landlord Today.
Landlord Faces Consequences After Ignoring Council Waste Advice
A landlord has faced consequences after ignoring council waste advice, following complaints from neighbours, according to Landlord Today.
Stoke-on-Trent Council Plans City-Wide Crackdown on HMO Conversions
Stoke-on-Trent council is proposing a city-wide Article 4 Direction to restrict converting family homes into HMOs without planning permission.
Offa Joins Knowledge Bank to Expand Access to Sharia-Compliant Finance
Islamic lender Offa has joined Knowledge Bank, allowing brokers to more easily compare its Sharia-compliant product criteria. Offa recently launched a home purchase plan and acquired a Sharia-compliant home finance portfolio.
Awaab’s Law to Cover More Issues from This Autumn
Awaab’s Law will become stricter from this autumn, with the same deadlines now applying to a wider range of issues, according to Landlord Today.
Landlords Face Major Losses from Tenant Fraud, Says Report
A report highlights that landlords are losing billions due to tenant fraud, according to Goodlord calculations cited by Landlord Today.
New Tory Policy Aims to Boost Demand for Private Rentals
A new Conservative policy has been announced to increase demand for private rentals, according to Letting Agent Today.
Social Renting Stock Declines as Private Sector Expected to Fill Gap
Letting Agent Today reports that social renting stock has fallen, with less than a third of sold social homes replaced by new properties. The private sector is expected to take up the slack.