Property News
Latest news, advice, and insights for UK property professionals
Clydesdale Bank to Stop New Mortgage Lending After Nationwide Takeover
Clydesdale Bank will cease lending to new mortgage customers following Nationwide's takeover of Virgin Money. Existing borrowers can still access switcher deals.
Scottish Building Society Supports New First Home Fund Scheme
Scottish Building Society is among the first lenders to support the Scottish Government’s new First Home Fund, offering a £10,000 shared equity contribution for homes up to £300,000.
Political Uncertainty and Mortgage Market: Key Lesson for Property Firms
A decade of political change has brought major housing policy shifts. Mortgage firms that thrive are those not reliant on Westminster's next move.
FCA Proposes Flexible Mortgage Rules to Support Diverse Borrowers
The FCA's latest consultation proposes more flexible mortgage rules to help first-time buyers and underserved groups, with a focus on Consumer Duty and adviser involvement.
Molo Appoints Ben Saffery as BDM for South London and South East
Molo has named Ben Saffery as business development manager for South London and the South East, focusing on complex buy-to-let lending.
Awareness, Not Affordability, Is Key Barrier for First-Time Buyers
A report highlights that lack of awareness, rather than affordability, is a major barrier for first-time buyers. Many potential buyers do not seek advice or explore available mortgage options.
Accord and Coventry Announce Rate Reductions and Product Changes
Accord and Coventry Building Society are reducing rates on residential and buy-to-let products, with Coventry also withdrawing some products and extending end dates.
FCA Chief: AI Advancing Too Fast for Current Laws to Keep Pace
FCA chief executive Nikhil Rathi warns that AI is developing faster than regulation can keep up, prompting changes in how the regulator approaches oversight.
UK Home Sales Drop 10.4% in June 2026, Regional Trends Emerge
UK residential property sales fell 10.4% in June 2026 compared to the previous year, with notable regional differences and mortgage approvals rising, according to PropertyWire.
Accord and TSB Announce Reductions to Residential and Buy-to-Let Mortgage Rates
Accord and TSB have reduced rates across their residential and buy-to-let mortgage product ranges, with changes affecting both purchase and remortgage deals.
Clydesdale Bank to Cease All New Mortgage Lending from 2 July
Clydesdale Bank will stop all new residential mortgage lending from 2 July. Existing customers remain unaffected and can access switcher products.
Mortgage Rates Have Tripled Since Brexit Referendum, Says L&C
L&C Mortgages reports that average mortgage rates have more than tripled since the Brexit referendum, with significant increases for both remortgage and purchase products.