Property News

In what is widely considered by industry experts to be a breakthrough for the UK conveyancing sector, proptech firm PEXA has recently announced the completion of the UK’s first fully digital purchase transaction. David Jabbari, founder and CEO of Muve, said: ‘This achievement underscores the transformative potential of PEXA’s platform to improve the conveyancing process.’...

The Renters’ Rights Bill is set to be the most significant reform to the private rented sector in nearly three decades. The importance of the Bill cannot be understated: it will have wide-ranging ramifications for tenants and landlords from across all parts of the country. Although it’s still undergoing the ratification process, it is important...

On 8 May, the Bank of England voted 5-4 in favour of slashing interest rates from 4.5% to 4.25% in a move widely welcomed by industry analysts and mortgage owners. Bank of England Governor Andrew Bailey released a statement emphasising moderation in line with previous committee meeting statements: ‘The past few weeks have shown how...

The UK lost a net 10,800 millionaires in 2024, the second highest exodus of any country behind China, and it accounts for a 157% increase in the number of millionaires leaving compared to 2023. Most prominent among those choosing to leave are Charlie Mullins, founder of Pimlico Plumbers; Richard Gnodde, senior banker at Goldman Sachs;...

Responding to the ongoing events happening on the global financial scene, many mortgage lenders have slashed a number of buy-to-let mortgage schemes. A consequence of this is a rejuvenated sense of competition among mortgage lenders, each motivated to capitalise on this unique window of opportunity to attract more customers. This direction will benefit many within...

According to the National Residential Landlords Association, 41% of the landlords surveyed are planning on reducing their rental portfolios over the next year. By comparison, only 5% of the landlords surveyed intend on expanding their rental portfolios during the same period. Mounting financial pressures are causing some landlords to contemplate whether to remain in the...

In a historic move that has caused shockwaves throughout the global financial scene – with FTSE 100 falling by 9.88% in a single week, the steepest decline in over five years – President Trump recently announced sweeping import tariffs on nearly all its trading partners. The UK is included on the list of countries now...

In light of the recent decision taken by Brent Council to apply stricter rules against ‘rogue landlords’, the landlord community is concerned about the growing costs required to invest in the property market, let alone maintain current property portfolios. Such concerns have been further magnified as Kamma has recently revealed that over £327 million has...

The whole planning approval process has recently come under scrutiny. The latest report conducted by the Home Builders Federation has highlighted the bureaucratic inefficiencies that have persistently slowed down property construction. Considering demand continues to rise across the UK, these inefficiencies are causing significant disruption in securing the development of well-needed properties.   Time is now...