Tracker mortgage applications triple amid rate uncertainty
Applications for tracker mortgages increased more than threefold in April compared to March, according to broker L&C Mortgages, as economic uncertainty prompted borrowers to reconsider fixed-rate products that have dominated…
Self-employed estate agents show higher completion rates
Self-employed estate agents are achieving higher sale completion rates and faster transaction times than traditionally employed agents, according to new data from property analytics firm TwentyEA, though they represent only…
UK inflation falls to 2.8% as mortgage rate cuts accelerate
UK inflation dropped to 2.8% in April, down from 3.3% in March, according to the Office for National Statistics, a larger decline than most economists had forecast. The fall has…
Goodlord partners with Reposit for deposit alternatives
Property technology firm Goodlord has announced Reposit as its sole partner for deposit replacement products, as the rental sector continues to adopt alternatives to traditional cash deposits. Under the agreement,…
First-time buyer hotspots emerge despite demand decline
First-time buyer demand declined by 4% in April compared to the same month last year, according to data from Rightmove, though several regional markets have bucked the national trend with…
Government announces building safety reforms after Grenfell
The Government has outlined new measures aimed at preventing a repeat of the Grenfell Tower disaster, including reforms to the building control sector and restrictions on engagement with companies implicated…
NRLA and Lettings Industry Council announce merger
The National Residential Landlords Association (NRLA) has announced it will merge with The Lettings Industry Council (TLIC), creating a unified body to represent landlords and letting agents across England and…
Bridging finance facilitates lease extension on St John’s Wood flat
A property investor has secured £1,462,500 in bridging finance from SDKA to purchase a three-bedroom apartment in St John’s Wood, using the loan term to pursue a Section 42 lease…
Industry conference attendance remains low among estate agents
Estate agents in the UK continue to show limited attendance at industry conferences, despite opportunities for professional development and networking, according to observations from veteran property professional Simon Bradbury. Bradbury,…
Wimbledon development secures £3m exit finance
Shawbrook Bank has completed a £2.98 million development exit loan for a nine-unit residential scheme in Wimbledon, with the transaction finalised in two and a half weeks from initial application.…