No drastic mortgage rate reductions expected
Mortgage deals are unlikely to fall drastically in the months ahead, despite two-year rates dropping to their lowest level in two years. Two-year fixes are at their lowest average rate…
Property Ombudsman expels five businesses
Three estate agents and two letting agents have been expelled from The Property Ombudsman for failing to pay compensation awards to consumers. Prime Property Agents, Cowlings Estate Agents, Nexmove, The…
Agents feel ‘unsupported’ on regulatory change
Estate and lettings agents say they feel unsupported by the government after ‘drip pricing’ was outlawed, which is when consumers see a low initial price but extra fees are added…
Tenants will pay more for ‘green’ properties
Tenant demand for green features like heat pumps, solar panels, and EV chargers are surging, the Property Investor Report 2025 from Handelsbanken has revealed. Some 77% of UK investors are…
Peak District viaduct gets £7.5m renewal
An iconic railway viaduct crucial to the Peak District quarrying industry is getting a multi-million-pound upgrade this summer. Network Rail is investing £7.5m to improve one of Chapel Milton’s twin…
House prices drop in high value areas
The higher-priced South West, South East and London areas have seen the largest price drops this month (June). Rightmove, which conducted the research, said buyers in these regions are disproportionately…
London Assembly calls for action on “soaring” service charges on shared ownership
A London Assembly Housing Committee has called for the Mayor of London Sadiq Khan to cap service charges for shared-ownership homes in London. The committee said service charge are “soaring”,…
infinitSpace to open second Berlin location in partnership with PATRIZIA
Flexible workspace provider infinitSpace has completed a new partnership with PATRIZIA, an investment manager in global real assets, to open its second flexible workspace in Berlin. The new site will…
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…