Industry taskforce calls for end to conveyancing referrals
The Conveyancing Task Force has called for the elimination of referral fees in the property sector, describing them as an “unseen surcharge” on homebuyers that distorts market competition. The taskforce…
Hampshire Trust Bank lends £2.4m for Mitcham mixed-use scheme
Hampshire Trust Bank has provided £2.4 million in development finance for a mixed-use scheme in Mitcham, South West London, delivering eight residential units and two commercial units on a high…
Octopus Capital funds 136-bed care home development
Octopus Capital has secured a forward funding agreement to develop two care homes in Staffordshire and Norfolk, totalling 136 beds across the two facilities. The transaction was completed through the…
Specialist lender completes £5m portfolio refinance
CHL Mortgages has completed a £5m portfolio refinance covering 10 buy-to-let properties in Lambeth, southwest London, for a Chelsea-based landlord seeking to repay an expiring bridging loan. The transaction, introduced…
Labour’s 1.5m homes target faces delivery shortfall
The UK government has delivered just over 300,000 new homes in the first 18 months of the current parliament, falling nearly a third short of the pace required to meet…
Rightmove launches equity tracker in digitisation push
Rightmove has introduced an equity tracker tool as part of its ongoing effort to digitise the UK property market, combining valuation data with mortgage information to provide homeowners with real-time…
Reapit launches AI platform for estate agency sector
Property software provider Reapit has released an expanded version of its AI platform for estate agents, introducing three core components designed to automate workflow tasks across the sector. The Reapit…
UK inflation rises to 3.3% as Middle East conflict impacts property market
UK inflation increased to 3.3% in March, driven primarily by rising energy costs linked to the ongoing conflict in the Gulf region, according to the Office for National Statistics. The…
Rental scams surge as housing stock declines across UK
Fraudulent rental scams targeting tenants are increasing in prevalence across the UK, according to warnings from estate and lettings agents in the East of England. Paul Buck, Director of Sales…
UK housing market stalls as affordability pressures mount
The UK housing market has reached a standstill as homeowners delay moving due to affordability pressures, limited housing supply and lengthy transaction processes, according to research from the HomeOwners Alliance.…