Property News
Latest news, advice, and insights for UK property professionals
British Mortgage Awards Mark 20 Years of Industry Progress
The British Mortgage Awards have recognised individual excellence in the mortgage sector for 20 years, with notable changes in equity release and industry cohesion highlighted by Andrea Rozario.
OMS and The Insurance Surgery Launch Integrated Protection Referral Partnership
One Mortgage System (OMS) has partnered with The Insurance Surgery to enable direct protection referrals and secure data transfer within the OMS platform.
OMS Integrates with The Insurance Surgery for Specialist Protection Referrals
One Mortgage System (OMS) has partnered with The Insurance Surgery to enable direct referrals for specialist protection advice, streamlining processes for users via integrated technology.
Mortgage Approvals Fall to Lowest Level Since 2023 as Rates Rise
Mortgage approvals for house purchases in the UK dropped to 56,200 in May, the lowest since December 2023, as average mortgage rates increased, according to Bank of England data.
Mortgage Jobs for Heroes Initiative Expands Opportunities for Service Leavers
A joint initiative is helping service leavers and veterans enter the UK mortgage sector, with new placements and calls for more industry involvement.
Vernon Building Society Reduces Self-Build Mortgage Rates by 0.15%
Vernon Building Society has cut its self-build mortgage rates by 0.15%, with discounted rates now starting from 5.75%. The changes apply across its self-build mortgage range.
Second Mortgage Industry Mental Health Charter Lunch Announced
The Mortgage Industry Mental Health Charter Lunch will return for a second time on 9 October 2026 in London, bringing together over 400 organisations to support wellbeing in the mortgage sector.
Net Mortgage Lending Drops 34% to Lowest Level in a Year, Says BoE
Bank of England data shows net mortgage lending fell by 34% in May to its lowest level in a year, with significant declines in remortgage and house purchase approvals.
Vernon Building Society Reduces Self-Build Mortgage Rates by 0.15%
Vernon Building Society has cut rates across its self-build mortgage range by 0.15%, affecting products for a variety of construction and renovation projects.
Nationwide Job Cuts and Halifax Brand Retirement Lead UK Property Headlines
Nationwide is consulting on 600 job cuts after its Virgin Money takeover, while Lloyds Banking Group will retire the Halifax brand after 173 years. Other key updates include mortgage rate cuts and a major legal claim against housebuilders.
Manufacturer Secures £1.7m Bridging Loan for West Yorkshire Site
Recognise Bank has provided a £1,697,500 bridging loan to a manufacturer for the acquisition of two industrial units in West Yorkshire, supporting the company's strategy to own its operational premises.
Bridging Lender Enables Below-Market Buy-to-Let Acquisition
Somo has completed a second charge loan allowing a borrower to buy a £500,000 buy-to-let property for £350,000 and clear mortgage arrears, highlighting bridging finance's role in complex deals.