Property News
Latest news, advice, and insights for UK property professionals
Solo First-Time Buyers Face Up to 10-Year Wait for Home Ownership
Research finds solo first-time buyers in England may need up to 10 years to save for a deposit, with regional differences affecting saving times across the UK.
Paragon Lends £4.5m for Sunderland Riverside Housing Scheme
Paragon Development Finance has provided £4.5 million to support igloo’s 34-home scheme at Riverside Sunderland, with phased delivery and a focus on energy efficiency.
Leasehold Flat Owners Report Disruption from Developer Works
Leasehold flat owners in England and Wales have reported significant disruption due to developer works, including restricted daylight, noise, and water ingress.
Estate Agents Advise Sellers to Remove Personal Items for Viewings
Guardian Property reports that estate agents are asking sellers to hide personal items, such as dog beds and shower gel, to prepare homes for viewings.
Hope Capital Cuts Rates on Max Net Product for Residential and Commercial Properties
Hope Capital has reduced rates on its Max Net product for residential, commercial, and semi-commercial properties, aiming to enhance liquidity for borrowers.
Redwood Bank Appoints Omkar Hushing as Senior Underwriting Manager
Redwood Bank has named Omkar Hushing as its new senior underwriting manager to support its expanding product range amid complex borrowing scenarios.
Lenders Take Nuanced Approach to Bad Credit in UK Mortgage Market
Lenders are increasingly differentiating between types of bad credit, with brokers required to present borrowers' circumstances individually. The FCA has urged lenders to assess affordability based on current financial health.
Buy to Let Lenders Announce Expanded Options for Landlords
Paragon Bank, ModaMortgages, and Darlington Building Society have announced changes to their buy to let mortgage offerings, including new tracker products and updates to fees and application requirements.
Halifax Raises Premier Large Loan Threshold to £650,000
Halifax Intermediaries will increase its Premier large loan threshold from £500,000 to £650,000, effective 27 July, to reflect changes in the UK property market.
Personalised Lending on the Rise as Mortgage Market Grows More Complex
Lenders are increasingly adopting personalised approaches as UK mortgage applicants present more complex financial profiles, according to a report by Mortgage Solutions.
Andy Burnham Considers Land Tax Based on Property Values
Andy Burnham is reported to be considering a new land tax to replace council tax and stamp duty, with property owners paying a percentage of their property's value.
Owner-Operator Trap Highlighted in UK Mortgage Sector
A report highlights that many UK mortgage business owners feel trapped in demanding roles, with firms often reliant on a single individual rather than robust systems.