Property News
Latest news, advice, and insights for UK property professionals
DPT Consultants Joins BDLA as Associate Member
DPT Consultants has joined the Bridging & Development Lenders Association (BDLA) as an associate member, expanding its involvement in the UK property lending sector.
LendInvest and Aldermore Expand Buy-to-Let Product Ranges
LendInvest has launched semi-commercial buy-to-let options, while Aldermore has introduced limited-edition five-year fixed rate BTL products. Both lenders are targeting landlords and property investors.
Major UK Housebuilders Face Class Action Over Alleged Price Collusion
A class action lawsuit seeks up to £4.5bn from major UK housebuilders over alleged collusion to inflate new-build home prices, affecting over 700,000 buyers.
LendInvest and Aldermore Expand Buy-to-Let Product Ranges
LendInvest has launched a semi-commercial buy-to-let product, while Aldermore has introduced new five-year fixed rate limited edition products for landlords.
Nationwide to Cut 600 Jobs After Virgin Money Takeover
Nationwide Building Society is expected to cut 600 jobs following its acquisition of Virgin Money, with staff and unions currently in consultation over redundancies.
Gen H and Principality Lower Mortgage and Product Transfer Rates
Gen H has reduced rates across several mortgage products, while Principality Building Society will lower product transfer rates by up to 25 basis points.
Dantis Capital Secures £5m Bridging Facility from Aldermore
Dantis Capital has obtained a £5m block bridging facility from Aldermore to expand its lending for residential and commercial property transactions in England and Wales.
Paragon Bank Launches £1,000 Cashback on Selected BTL Mortgage Products
Paragon Bank has introduced £1,000 cashback on 21 selected buy-to-let mortgage products, including five-year fixed rates for various property types.
Housing Secretary Considers State-Owned Housing Developer Scheme
Steve Reed is exploring plans for a state-run housing developer to build commercial and affordable homes, according to a Guardian report cited by Mortgage Solutions.
Hodge Lifts LTI Cap for High Earners; Lenders Cut Mortgage Rates
Hodge Bank has removed loan-to-income caps for borrowers earning £40,000 or more. Tipton, Virgin Money, and Principality have announced reductions to selected mortgage rates.
Homebuyer Demand Falls 15% Year-on-Year, Majority of Homes Unsold After Six Months
Homebuyer demand has dropped 15% year-on-year, with three in five homes listed since January still unsold after six months, according to Zoopla.
Just Mortgages Celebrates 10 Years of Self-Employed Adviser Division
Just Mortgages marks the 10th anniversary of its self-employed division, which now accounts for nearly 75% of its adviser headcount and plans further national expansion.