Foxtons demands £200 check-out fee banned since 2019
Foxtons has been accused of attempting to charge a tenant a check-out fee nearly six years after such charges were prohibited under the Tenant Fees Act 2019. Tenant Rob Crossan…
Housing minister says 1.5m homes plan will impact prices
Housing minister Matthew Pennycook has stated that the Labour government’s plan to build 1.5 million new homes by 2029 will affect property prices, telling MPs that the “best scenario” would…
TAB completes £5.85m bridging loan with 24-month term
Specialist lender TAB has provided a £5.85 million bridging loan to a borrower through intermediary Abbey Capital, with completion achieved within a short timeframe from initial agreement. The 24-month facility…
Bridging lender completes £5.2m multi-city portfolio deal
MS Lending Group has provided a £5.2 million bridging loan to a corporate borrower for the acquisition of multi-unit residential properties across three UK cities. The 12-month facility is secured…
UK 95% mortgage products reach 18-year high for buyers
The number of mortgage products allowing borrowers to secure 95% loan-to-value deals has reached its highest level since March 2008, according to data from financial information provider Moneyfacts. At the…
Five properties listed under £300,000 across England
As the national average house price exceeds £300,000 for the first time, according to Halifax data released this month, several properties remain available below this threshold across England. In Appleton…
Property buyers spending six hours weekly on portals
Homebuyers are spending an average of six hours per week browsing online property portals but many fail to conduct any in-person viewings, according to property search firm Stacks. The company…
Rightmove shares fall to five-year low on fee concerns
Rightmove’s share price has declined to a five-year low this week, dropping 15% over the past month amid concerns over planned fee increases and investment spending. The property portal’s shares…
Great Yarmouth landlords launch judicial review challenge
A landlord group has issued a pre-action legal notice challenging Great Yarmouth Borough Council’s selective licensing scheme, which is scheduled to commence on 1 April 2025. The Eastern Landlords Association…
Cohort Capital completes £20m Mayfair refinance in three weeks
Cohort Capital has completed a £20 million loan facility secured against a residential property in Mayfair, refinancing a private bank facility for an existing client within a three-week timeframe. The…