Property News
Latest news, advice, and insights for UK property professionals
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.
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.