Majority of HMOs and converted flats fail fire safety checks
More than half of Houses in Multiple Occupation (HMOs) and converted flats are failing to meet fire safety standards during audits, according to analysis of Home Office statistics. Data from…
Foxtons revenue rises 5% as lettings offset flat profits
London estate agency Foxtons reported group revenue of £172.5 million for 2025, representing a 5% increase, while operating profit remained largely static at £22.2 million compared to £22.1 million in…
Lender provides £935,500 conversion facility for property project
Avamore Capital has provided a £935,500 refurbishment and conversion facility to a repeat client for a residential property project. The loan was structured to allow the borrower to proceed with…
Atelier provides £32.7m for Canterbury student housing refit
Development finance lender Atelier has provided a £32.7m loan to MCR Property Group for the refinancing and refurbishment of Parham Student Village, a 600-bed purpose-built student accommodation scheme in Canterbury,…
Major UK lenders increase fixed mortgage rates
HSBC, Nationwide and Coventry Building Society have announced increases to fixed mortgage rates, with brokers anticipating further rises from other lenders in the coming days. The rate adjustments follow volatility…
Mortgage approvals fall to two-year low amid caution
Mortgage approvals for house purchases fell to 59,999 in January 2026, the lowest level in two years, according to the Bank of England’s Money and Credit report. The figure represents…
UK rental market shows 4.9% growth as regional patterns diverge
The UK rental market recorded steady growth in 2025, with average rents reaching £1,602 per calendar month, representing a 4.9% increase compared to 2024, according to Lomond’s Quarterly Insights Report…
Gilt yields rise as Bank of England rate cut prospects dim
UK government bond yields increased sharply yesterday despite inflation falling to a 10-month low in January, signalling reduced expectations for a Bank of England rate cut in March and raising…
Mortgage activity drops in January
Mortgage approvals dropped to 60,000 in January, below an average of around 64,100 over the previous 6-months, the Bank of England Money & Credit data for January has found. Approvals…
147 home development kicks off in Old Trafford
Construction has started on 147 homes in Old Trafford, which will include one, two, three, and four-bedroom houses. Half of the homes will be for sale, while the other half…