Latest news, advice, and insights for UK property professionals
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 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.
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 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.
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.
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 has cut rates across its self-build mortgage range by 0.15%, affecting products for a variety of construction and renovation projects.
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.
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.
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.
The FCA has warned that emotional factors, particularly shame, are a major barrier to later life lending, affecting both older first-time buyers and those considering equity release.
Halifax Intermediaries will change its brand to Lloyds in 2027. The FCA's plans to clarify Consumer Duty rules and lender rate changes were also highlighted this week.