Mortgage fraud going largely undetected
The true scale of mortgage fraud in the UK may be far greater than official enforcement figures suggest, client due diligence platform Thirdfort has warned. Mortgage fraud often involves forged…
UK build-to-rent sector attracting more interest
Funders are seeing overwhelming interest in the build-to-rent sector. Half (50%) of funders experienced a very strong appetite for lending to build-to-rent schemes and a similar proportion (47%) still have…
Construction industry set for downturn despite temporary spike
The construction sector saw a 33% rise in project-starts in the three months to May compared to the three months before, research from construction firm Glenigan has revealed. However, it’s…
Investors switching from resi to commercial
Property investors are switching from residential to commercial, which is a response to the government attempting to rebalance the power between landlords and tenants. That is according to a report…
Mortgage brokers could lose market share thanks to AI and regulation
Artificial intelligence and regulatory changes mean borrowers could be driven away from the intermediary channel, multiple broker firms have warned. Regulator the Financial Conduct Authority (FCA) is consulting on rules…
‘Wake-up call’ as first-time buyer offers down 55%
There’s been a 55% drop in first-time buyer offers in this quarter compared to the same time last year due to the cliff edge nature of the the stamp duty…
Landbay cuts buy-to-let rates by up to 0.80%
Landbay has cut buy-to-let rates by 0.80%, bringing 2-year fixed rates for HMOs to 4.09%. Meanwhile, trading company products have seen a 0.65% reduction on rates and now also start…
Halifax welcomes £21 million build-to-rent scheme
A 122-home build-to-rent residential scheme has been completed in Halifax town centre, costing developer Placefirst £21 million. The Bolt Works project delivered on a brownfield site previously occupied by a…
Rents near Elizabeth Line stations up by third since opening
Average prices have risen by almost a third in the three years since the Elizabeth Line opened in and around London. Goodlord analysed the price of rents across over 80,000…
Nimbyism on the rise – PropertyWire
Brits’ support for housebuilding in their local area has fallen since the General Election, research by Stack Data Strategy has revealed. The main reasons people give are increased strain on…