Property News
Latest news, advice, and insights for UK property professionals
Paragon Reports Landlord Rental Yields Rise Above 7%
Paragon Bank data shows average gross rental yields for landlords reached 7.02% by June, up from 6.96% at the end of Q1, according to Property118.
Majority of Renters Back Rent Controls Amid Record High Rents
New data shows 77% of renters support rent controls as record rents make renting unaffordable for many, with significant numbers forced to move.
Social Housing Landlords Face Challenges Meeting Awaab’s Law Deadlines
A government report finds social housing landlords are struggling to meet Awaab’s Law response times as phase two of the legislation is announced.
Andy Burnham Reported to Be Considering Rent Freeze Measures
Andy Burnham is reported to be considering a rent freeze as one of several measures to address the cost-of-living crisis, according to Property118.
Rents Rise 5% in UK’s Most Affordable Rental Markets, Zoopla Finds
Rents in the UK’s most affordable areas are rising at 5% or more, outpacing the national average, according to Zoopla. Letting agents and inventory clerks should note regional variations.
RICS Survey: UK House Sales and Buyer Enquiries Continue to Fall
House sales and new buyer enquiries in the UK continue to decline, according to the latest RICS Residential Market Survey, though the pace of decline is levelling off.
Rents in Cheaper UK Areas Rising Twice as Fast as National Average
Zoopla reports rents in affordable UK locations are rising at double the national average, while demand for rental homes has dropped to a six-year low.
Over Half of New First-Time Buyers to Be 65+ When Mortgages Mature
Experian data shows 52% of new first-time buyers will be 65 or older when their mortgage matures, as the average age of first-time buyers rises and borrowing increases.
MPs Call for Major Reforms to England and Wales Homebuying Process
MPs are urging reforms to the homebuying process in England and Wales, citing high rates of failed transactions and calls for earlier binding contracts and better property data.
Molo BDM Lee Isherwood Discusses Complex Landlord Cases and Regional Trends
Lee Isherwood, business development manager at Molo, covers the North East and North West of England, handling a range of landlord cases including HMOs, MUFBs, and semi-commercial properties.
Aria Finance Joins Mortgage Brain’s Sourcing Brain as Packager
Aria Finance has been added to Mortgage Brain’s Sourcing Brain module as a packager, expanding its reach to over 15,000 users and offering support for specialist finance cases.
Beverley Building Society Updates SIPP Income Assessment Criteria
Beverley Building Society has introduced a tiered approach to assessing income from SIPP pots, allowing customers to use up to 8% of their SIPP pot depending on age.