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London Rental Market Hits New Highs as Weekly Rent Exceeds £600

London Rental Market Hits New Highs as Weekly Rent Exceeds £600

May 2023 has witnessed the average weekly rent in London leapfrogging £600, demonstrating an 8% surge from the previous month and a 13% rise year-on-year,...

Landlords’ Looming Deadline: Mastering Energy Efficiency as EPC Regulations Tighten in the UK

Landlords’ Looming Deadline: Mastering Energy Efficiency as EPC Regulations Tighten in the UK

  UK landlords are grappling with a multitude of challenges as the clock ticks down to the 2028 Energy Performance Certificate (EPC) deadline. Property owners...

Downing Street Steps In Amid Skyrocketing Mortgage Costs and Landlord Distress

Downing Street Steps In Amid Skyrocketing Mortgage Costs and Landlord Distress

Downing Street has called upon banks to safeguard homeowners currently wrestling with escalating mortgage costs as interest rates continue to rise, destabilising the borrowing market....

Bailiff Service Suspension: UK Landlords Reeling Under Persistent Challenges

Bailiff Service Suspension: UK Landlords Reeling Under Persistent Challenges

UK’s HM Courts and Tribunals Service has put a temporary halt to the work of bailiffs due to safety concerns. The pause comes as a...

Major Lender’s Rate Hike Could Spell the End for Buy-to-Let Sector, Warns Industry Experts

Major Lender’s Rate Hike Could Spell the End for Buy-to-Let Sector, Warns Industry Experts

The mortgage industry is facing a potentially seismic shift, as NatWest, a leading lender, announced changes to its product ranges that could have severe implications...

Allotment Lands Hold Potential for 200,000 New Homes Across England, Research Reveals

Allotment Lands Hold Potential for 200,000 New Homes Across England, Research Reveals

According to a recent study by development site sourcing specialist, Searchland, England’s allotment space is vast enough to accommodate the construction of over 200,000 new...

North East Emerges as Most Economical Region for Rentals in England

North East Emerges as Most Economical Region for Rentals in England

Paragon Bank’s latest analysis highlights the North East as England’s most economical region for private rentals last year. Following closely are Yorkshire and the Humber,...

Professional Landlords Tighten Belts Amidst Economic Uncertainties, New Research Reveals

Professional Landlords Tighten Belts Amidst Economic Uncertainties, New Research Reveals

As the financial climate becomes increasingly challenging, major property investors are resorting to inventive strategies, such as debt repayment, to maximise their portfolios’ efficiency. This...

Manchester Trumps Milan in Property Market, Istanbul Emerges as the Real Winner

Manchester Trumps Milan in Property Market, Istanbul Emerges as the Real Winner

As the anticipation of the Champions League final builds, recent research by Nested, the innovative estate agent, discloses that property prices in Manchester significantly outstrip...

Paragon Bank Introduces Exclusive Range of Buy-To-Let Mortgages

Paragon Bank Introduces Exclusive Range of Buy-To-Let Mortgages

Paragon Bank has announced the unveiling of an exclusive array of buy-to-let mortgages, featuring a five-year fixed-rate scheme with zero or fixed fees, as well...

Property Market Faces Headwinds as Interest Rates Rise, RICS Report Warns

Property Market Faces Headwinds as Interest Rates Rise, RICS Report Warns

The latest report from the Royal Institution of Chartered Surveyors (RICS) provides a bleak outlook for both buyers and renters, suggesting the imminent rise in...

The Mortgage Lender Revamps Residential and Buy-to-Let Mortgage Products

The Mortgage Lender Revamps Residential and Buy-to-Let Mortgage Products

The Mortgage Lender, a leading specialist in the UK mortgage industry, declared the reintroduction of its Residential and Buy-to-Let product suites on 7th June. Among...

Halifax Index Reveals First Annual House Price Drop; Further Declines Expected as Mortgage Rates Rise

Halifax Index Reveals First Annual House Price Drop; Further Declines Expected as Mortgage Rates Rise

According to the Halifax House Price Index, house prices remained stagnant in May but saw a 1% decline over the past year. This marks the...

Mortgage Market Jitters: More Deals Withdrawn Amid Rate Hike Concerns

Mortgage Market Jitters: More Deals Withdrawn Amid Rate Hike Concerns

As concerns mount over potential increases in interest rates by the Bank of England, lenders have begun to withdraw additional mortgage deals, causing offers to...

Rent Control Proposals Under Review by the Welsh Government

Rent Control Proposals Under Review by the Welsh Government

The Welsh Government has initiated a consultation on ‘fair rents and adequate housing,’ during which Housing Minister Julie James revealed that rent controls are under...

Reviving Disruption: Purplebricks Introduces Major Fee Cut to Reclaim Market Dominance

Reviving Disruption: Purplebricks Introduces Major Fee Cut to Reclaim Market Dominance

Purplebricks, a once-dominant disruptor in the estate agency sector, announced today a considerable reduction in their fees under the new ownership. This bold move is...

Property Market Slump: England and Wales Witness Substantial Dip in Sales

Property Market Slump: England and Wales Witness Substantial Dip in Sales

Property transactions have fallen precipitously in England and Wales, with roughly 77,500 homes changing hands since the beginning of the year – a substantial 58%...

Surge in Prospective Tenants Exposes Struggles of Rent Rule Reforms

Surge in Prospective Tenants Exposes Struggles of Rent Rule Reforms

Knight Frank, has revealed a 39% rise in the number of prospective tenants in prime central and outer London for the first quarter of this...

London Evictions Come to a Standstill as Bailiffs Cite Safety Concerns

London Evictions Come to a Standstill as Bailiffs Cite Safety Concerns

London landlords face prolonged delays in the eviction process as bailiff operations are suspended indefinitely due to unspecified ‘health and safety reasons’. This move is...

London Rent Soars to Record-Breaking Levels

London Rent Soars to Record-Breaking Levels

Property rental company HomeLet’s May 2023 Rental Index figures reveal an ongoing surge in the UK’s average rental prices. The report also draws attention to...
















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