Property auction provider ordered to refund £7,270 in fees
A property auction service provider has been ordered to refund £6,972 in penalty fees and pay £300 compensation after an ombudsman ruled the charges were unjustified. The case involved a…
Ground rent cap could deliver £8.7bn to buy-to-let investors
Labour’s proposed £250 annual cap on ground rents may deliver £8.7 billion in windfall gains to buy-to-let landlords, according to analysis by consultancy firm WPI Strategy, raising questions about whether…
UK mortgage market turbulence reaches 2022 mini-Budget levels
The UK mortgage market is experiencing its most significant turbulence since the September 2022 mini-Budget, according to data from Moneyfacts, as geopolitical tensions and economic uncertainty drive rates upward. The…
Savills reports 6.1% revenue growth despite UK market challenges
International property adviser Savills plc has reported a 6.1% increase in revenue to £2.55 billion for the year ending 31st December 2025, with underlying profit before tax rising 11% to…
Former pub owner secures bridging loan for residential conversion
A former pub owner has obtained a heavy refurbishment bridging loan to convert his previous business premises into a residential dwelling, according to Precise Mortgages, which arranged the financing in…
Nottingham letting agents manage 35 properties per branch
Letting agents in Nottingham manage an average of 35 rental properties per branch, the highest workload among Britain’s major cities, according to new data from Propoly. The research analysed rental…
Martin & Co Uckfield franchise sold to multi-office investor
The Martin & Co lettings and estate agency franchise in Uckfield, East Sussex, has been acquired by David Arnold, who plans to develop a multi-office portfolio across the South East.…
Estate agency consultancy advises on business exit planning
Estate agents launching their own businesses should consider exit strategies from the outset, according to Chris Webb, founder of The Estate Agent Consultancy, who argues that most agency owners inadvertently…
One million homes in England left empty
One home in 25 across England sit empty, which equates to over a million. Elliot Vure, sales director at Together, highlighted the issue as part of National Empty Homes Week,…
Rents nearing £1,000 per month in Northern Ireland
The annual cost of renting in Northern Ireland is now nearing £1,000 per month due to strong demand and limited supply. Typical rents stand at £995 after rising by 6%…