Analysts have observed a sharp decline in property prices over the past year. In some cases, property prices in prime London have fallen by up to 60%, a huge decline considering prime London’s reputation as an international investment hub, one undergirded by legal transparency, cultural prestige, and close proximity to the global economy. It has…
Market activity has taken a noticeable turn. Most metrics indicate that buyer activity has dipped since the introduction of new stamp duty thresholds starting in April 2025. By placing first-time buyer stamp duty thresholds at £300,000 (previously £425,000) and second-time buyer stamp duty thresholds at £125,000 (previously £250,000), it has discouraged customers from participating in…
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…
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