Mortgage guarantee scheme made permanent
The mortgage guarantee scheme will remain in place permanently, as detailed in the government’s Spending Review. The scheme was originally brought to market as one of the two Help to…
Major housing spending commitments announced in Spending Review
The government has committed to investing £39bn in social and affordable housing in its Spending Review. Chancellor Rachel Reeves said this represents “biggest cash injection into social and affordable housing…
Investor signs deal with property data firm
Growth Capital Partners has signed a binding agreement to invest in Nurtur Group Ltd, a firm which provides software and data to the estate agency and home mover market. Nurtur…
Industry welcomes Spending Review, apart from NRLA
Much of the property industry has responded positively to the Chancellor’s Spending Review, with the exception of the National Residential Landlords Association (NRLA). Rachel Reeves committed to investing £39bn in…
RICS predicts accelerated rental growth in the months ahead
The cost of renting should inflate in the months ahead due to a shortage of landlord purchases combined with stronger tenant demand, the RICS UK Residential Survey has revealed. A…
Keir Starmer unveils ‘Extract’ AI tool to speed up planning
The government will launch an Artificial Intelligence tool in collaboration with Google to speed up the planning system. The AI tool will be called ‘Extract’ and can be used by…
The Suffolk relaxes mortgage criteria for foreign nationals and expats
Suffolk Building Society is relaxing its criteria for foreign nationals and expat borrowers. Foreign nationals now need 12 months of UK employment and 12 months remaining on their visa to…
Data centres driving UK construction
Infrastructure demand is fuelling UK construction activity compared to the rest of Europe, research from global construction consultancy Linesight shows. The UK is seeing strong momentum in data centre development,…
Rental growth drops because of “stretched renters”
The cost of renting has slowed to its lowest annual increase since the coronavirus pandemic, leading campaign group Generation Rent to conclude that renters are stretched so thin they can’t…
Calls for ‘New Town’ between Liverpool and Bootle
There are calls to secure New Town status for a major regeneration scheme by the Liverpool City Region Mayor Steve Rotheram. The Mayor is looking for a 10-year vision, encompassing…