M&S Bank reveals plans to launch mortgage range

20th October 2017

M&S Bank is set to launch its first mortgage offering in early 2018, subject to regulatory approval.

Brokers report rising demand for 35-year mortgages

20th October 2017

Seven in 10 (69%) brokers are seeing more demand for 35 year mortgages, the Intermediary Mortgage Lenders Association’s Intermediary Lending Outlook research has found.

Estate agents call for lettings and management crackdown to cover whole housing market

20th October 2017

Agents in the UK are calling for the tougher regulation for residential lettings and property management to be extended to include estate agents.

Majority of parents can afford to help their offspring buy a home, survey shows

20th October 2017

Six in 10 parents in the UK can afford to make a financial contribution to help their children buy their first home however only 5% can pay for the full deposit, new research has found.

Property owners in UK considering a second home don’t understand costs involved

20th October 2017

A substantial number of home owners in the UK would like to buy a second home in the next 10 years but many of those wishing to rent it out do not understand the costs involved.

Next Property Crash Could be Triggered by Great Sell-Off by Landlords

19th October 2017

Mortgage interest tax relief changes, coupled with proposed rent controls, could trigger the next property crash, as landlords rush to sell-off their investments, warns a finance expert.

Biggest-ever fine for failure to secure buy to let licence

19th October 2017

Four landlords have been fined and ordered to pay costs totalling £232,155.68 in the first prosecutions of its kind brought by a local council.

A quarter of home owners led to believe they had to use estate agent’s mortgage broker

19th October 2017

A quarter of home owners have felt they had to use a mortgage broker recommended by their estate agents, the Financial Conduct Authority (FCA) has revealed.

Advertising watchdog demands changes to Purplebricks TV adverts

19th October 2017

Two ‘commisery’ TV adverts for Purplebricks must not be broadcast again in their original form after the advertising watchdog ruled that they did not make it sufficiently clear that sellers pay a fee whether their property sells or not.

Almost 30 UK towns and cities suffer lost decade of growth since financial crisis

18th October 2017

Almost 30 UK towns and cities have suffered a lost decade of house price growth, Land Registry figures have shown.

One in five landlords willing to house tenants on benefits

18th October 2017

Just one in five landlords are willing to let to tenants receiving housing benefit or universal credit, research from the National Landlords Association has found

Aspiring home owners say only parents’ deaths will allow them to get on the property ladder

18th October 2017

The best chance for many aspiring home owners to get on the property ladder is for their parents to die, a rather morbid survey has found.

What are the most important factors when renting?

18th October 2017

Fresh research carried out by Usurv on behalf of landlord insurance specialists Cover4LetProperty reveals that for 88% of renters, the cost is the most important deciding factor when choosing a rental property.

Interest rate rise on the cards after house price hikes fuel inflation

18th October 2017

Analysts believe a rise in the Bank of England base rate is on the cards next month as a result of the latest inflation figures, which have been fuelled by rising house prices.

Tenant ordered to do 200 hours of unpaid work for unlawfully subletting home

17th October 2017

In most cases, a tenant needs their landlord’s consent before they can sublet their home, otherwise they risk breaking the term of their tenancy agreement and on that basis, a private landlord can take action to evict their tenant.

Buy-to-let mortgage lending remains flat

17th October 2017

Mortgage lending to buy-to-let investors remained largely unchanged in August despite an overall increase in residential mortgage lending, according to the latest figures from UK Finance.

Right To Rent fuelling massive ID fraud, BBC investigation reveals

17th October 2017

The BBC says Right To Rent legislation is fuelling a burgeoning market in fake IDs – in some cases creating access to property to the illegal migrants that it was supposed to identify and prevent.

Asking prices show biggest October rise since 2014 says Rightmove

17th October 2017

Asking prices have risen by an average of 1.1 per cent or £3,432 in the past month according to Rightmove.

Sales of flats in London have collapsed 47% in one year

17th October 2017

Estate agency James Pendleton says the sales of flats across London have collapsed 47 per cent in only a year – and it claims that at least part of the reason is over-valuation.

Government weighs up cutting stamp duty for first-time buyers

16th October 2017

The government is thinking about significantly cutting stamp duty for first-time buyers in a bid to restore young people’s faith in the system, the London Evening Standard reports.