Buy-to-let landlords mostly being recommended 5-year fixes
Mortgage brokers are mainly recommending fixed-rate mortgages to landlords, with 5-year fixed products being the top choice. Buy-to-let lender Landbay found that 83% of brokers are recommending fixed-rate mortgages, with…
EPC ratings should take property type and age into account, says trade body
Estate agency trade body Propertymark has called for EPC ratings to be conducted on a ‘property-by-property’ basis. That means taking varying property types into consideration, and acknowledging that homes in…
HMO demand highest in Wales
Wales is home to the most in-demand shared living market in Britain, analysis from HMO management platform COHO has revealed. Across Great Britain an estimated 10.4% of all shared living…
Barratt wins landmark court battle against contractor to pay for post-Grenfell works
Housebuilders’ suppliers are on the hook for building remediation costs following a ruling from the Supreme Court. The developer Barratt Redrow won a Supreme Court ruling against engineering consultancy URS,…
Confidence in UK buy-to-let limited
Just 3% of property professionals are most confident in the prospects of buy-to-let this year, suggesting many regard the current environment to be hostile towards investors. Instead, half (50%) have…
Homes England beats housing targets
Government agency Homes England has surpassed its housing delivery targets for 2024-25. The agency facilitated the completion of 36,757 homes, 14% more than its 2023-24 delivery levels, and above its…
Circa London partners with developer to sell £9.6m Dulwich townhouses to Far East buyers
Luxury estate agency firm Circa London has partnered with Castlemere Developments to market its new £9.6 million townhouse development in Dulwich to buyers in the Far East. Circa London has…
Major commercial building being constructed in Manchester
A commercial building spanning 233,000 sq ft near Manchester’s Piccadilly Station is being constructed called The Republic. The development will sit within Mayfield Park from developer Landsec with construction business…
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…