Landlords face £7,000 fines over overheating hazards
Landlords in England could face fines of up to £7,000 per hazard if they fail to address overheating risks in rental properties, as local councils exercise enhanced enforcement powers introduced…
Scotland outpaces inflation in long-term property growth
Scotland has emerged as the only UK nation where average property price growth has consistently exceeded inflation since 2005, according to data from the Office for National Statistics House Price…
UK property offers decline 6% as buyers become selective
The proportion of properties securing offers within six months has fallen by 6 percentage points compared to the same period last year, according to data from Connells Group. In January…
Major property firms announce research leadership changes
Three major property firms have announced senior appointments and promotions across research and operational roles, signalling strategic shifts in their leadership structures. Research leadership appointments BNP Paribas Real Estate has…
Major lenders cut mortgage rates as swap rates fall below 4%
Several major UK lenders have announced rate reductions on mortgage products as falling swap rates increase competition in the lending market. Nationwide has cut selected fixed-rate mortgages by up to…
Process reforms could release 260,000 homes to market
More than 260,000 owner-occupied homes could enter the market within a year if reforms to the homebuying process reduce uncertainty over transaction times, according to research from Jackson-Stops. The estate…
Landlords face £20,000 fines over Right to Rent checks
Landlords and letting agents in England have until 1 October to update their Right to Rent procedures in line with new government guidance, with penalties of up to £20,000 per…
Estate agent CRM providers integrate AI to automate tasks
Customer relationship management systems used by estate agents are being transformed by artificial intelligence, according to software providers serving the UK property sector. The technology is being deployed to automate…
Think tank proposes national rent stabilisation scheme
The Institute for Public Policy Research (IPPR) has proposed a national rent stabilisation scheme designed to limit rent increases whilst addressing supply and investment concerns typically associated with rent controls.…
Lender provides £7.9m bridging loan for Mayfair property
FRP Real Estate Advisory has arranged a £7.9 million acquisition bridging loan with commercial lender CSBF to fund the purchase of a mixed-use property in Mayfair, London. The facility was…