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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Mortgage Market Jitters: More Deals Withdrawn Amid Rate Hike Concerns

Mortgage Market Jitters: More Deals Withdrawn Amid Rate Hike Concerns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...

Potential Mortgage Rate Increase May Trigger More Than Just a Dip in House Prices

Potential Mortgage Rate Increase May Trigger More Than Just a Dip in House Prices

May witnessed a minor 0.1% decrease in house prices following a slight uptick in April after seven consecutive months of decline. On an annual scale,...

Rental Rates Rise for Fifth Consecutive Month as Summer Surge Approaches

Rental Rates Rise for Fifth Consecutive Month as Summer Surge Approaches

England has seen rental costs rise for the fifth straight month in May, as reported by Goodlord’s latest Rental Index. In addition, the average void...

Tax Relief for Landlords Could Mitigate Housing Crisis, According to Study

Tax Relief for Landlords Could Mitigate Housing Crisis, According to Study

In an effort to address the ongoing housing crisis, Capital Economics, a prominent research consultancy, has proposed the abolishment of the existing tax increase on...

Mortgage Market Takes a Hit as Rising Interest Rates Prompt Lenders to Withdraw Numerous Deals

Mortgage Market Takes a Hit as Rising Interest Rates Prompt Lenders to Withdraw Numerous Deals

A sharp decline in the availability of mortgage deals has been witnessed over the last week, recent data reveals. On the 30th May, Moneyfactscompare.co.uk recorded...

Netflix Over Necessity: UK Renters Prioritise Streaming Services Over Contents Insurance

Netflix Over Necessity: UK Renters Prioritise Streaming Services Over Contents Insurance

In a surprising revelation, a recent YouGov survey indicates that private tenants in the UK are more likely to have a TV streaming service subscription...

UK Property Market Faces Uncertain Summer Following Sharp Decline in April Sales

UK Property Market Faces Uncertain Summer Following Sharp Decline in April Sales

UK property sales experienced a significant drop in April, falling by 29% from the previous month, according to non-seasonally adjusted figures. The number of sales...

Landlords to Raise Rents in Response to Pet-Friendly Renter’s Reform Bill

Landlords to Raise Rents in Response to Pet-Friendly Renter’s Reform Bill

In response to the newly proposed Renter’s Reform Bill, which curtails landlords’ capacity to refuse tenants’ pets, three-quarters of landlords intend to raise rents. Buy-to-let...

Record-High Property Transactions as Buy-to-Let Landlords Exit Market

Record-High Property Transactions as Buy-to-Let Landlords Exit Market

The latest data reveals that residential property prices are persistently falling, yet transactions exceed the long-term average, partly stimulated by an influx of buy-to-let landlords...

Edinburgh Crowned Richest UK Property Hub, Reveals In-Depth Nested Study

Edinburgh Crowned Richest UK Property Hub, Reveals In-Depth Nested Study

The past year has seen a remarkable £250bn in property sales across the UK, as indicated by a recent study from Nested. Edinburgh has clinched...

Centre for London Urges Collaboration Between National Landlord Register and Selective Licensing Schemes

Centre for London Urges Collaboration Between National Landlord Register and Selective Licensing Schemes

The ‘property portal’, a national landlord register, that the government recently introduced in the Renters’ Reform Bill should operate in conjunction with selective licensing schemes...
















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