Prime London property market faces political uncertainty
The UK housing market faces a period of political uncertainty following Prime Minister Andy Burnham’s recent speech outlining housing policy proposals, according to analysis from Knight Frank. Burnham’s address included…
Landlords face £7,000 fines over overheating hazards
Landlords in England could face fines of up to £7,000 per hazard if they fail to address overheating risks in rental properties, as local councils exercise enhanced enforcement powers introduced…
Scotland outpaces inflation in long-term property growth
Scotland has emerged as the only UK nation where average property price growth has consistently exceeded inflation since 2005, according to data from the Office for National Statistics House Price…
UK property offers decline 6% as buyers become selective
The proportion of properties securing offers within six months has fallen by 6 percentage points compared to the same period last year, according to data from Connells Group. In January…
Major property firms announce research leadership changes
Three major property firms have announced senior appointments and promotions across research and operational roles, signalling strategic shifts in their leadership structures. Research leadership appointments BNP Paribas Real Estate has…
Major lenders cut mortgage rates as swap rates fall below 4%
Several major UK lenders have announced rate reductions on mortgage products as falling swap rates increase competition in the lending market. Nationwide has cut selected fixed-rate mortgages by up to…
Process reforms could release 260,000 homes to market
More than 260,000 owner-occupied homes could enter the market within a year if reforms to the homebuying process reduce uncertainty over transaction times, according to research from Jackson-Stops. The estate…
Property cooling costs rise as heatwaves prompt retrofit
UK homeowners are investing in cooling measures as recurring heatwaves challenge traditional property design, with external shading systems emerging as a cost-effective alternative to air conditioning units. According to Tom…
Bridging lender completes £2.475m Kensington penthouse deal
Specialist bridging lender Aspen has completed a £2.475 million Bridge-to-Let facility for the acquisition of a four-bedroom penthouse in the Royal Borough of Kensington and Chelsea, marking its second prime…
Bristol landlord ordered to repay £24,592 over unlicensed HMO
A Bristol landlord has been ordered to repay £24,592 to four former tenants after a tribunal found he operated an unlicensed House in Multiple Occupation (HMO) and failed to address…