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…
Plans approved for 100 homes in Essex town
Some 100 new homes will be constructed in the Essex village of Takeley. Bellway Strategic Land submitted a hybrid planning application to Uttlesford District Council, seeking full planning permission for…
NRLA: Courts still unprepared for end of Section 21
The government is failing to acknowledge the true state of the court system and its lack of readiness to handle possession cases following the end of Section 21, the National…
Gravesend and Dartford are strong investment spots in Kent
Property investors in Kent should look to Gravesend and Dartford, both of which benefit from strong consumer demand, population growth and undersupply. Kent’s growth has been underpinned by rising demand…
Landlord wins £17,000 rent repayment claim
A landlord has won a £17,000 Rent Repayment Order case brought by non-profit Justice for Tenants. The claim alleged that a landlord had operated without a licence, seeking to claw…