Bank of England rules out interest rate cuts
Bank of England Governor Andrew Bailey has stated that interest rate cuts remain “off the table”, dampening expectations within the property sector for near-term relief on borrowing costs. The announcement…
Landlords face £20,000 fines over Right to Rent checks
Landlords and letting agents in England have until 1 October to update their Right to Rent procedures in line with new government guidance, with penalties of up to £20,000 per…
Estate agent CRM providers integrate AI to automate tasks
Customer relationship management systems used by estate agents are being transformed by artificial intelligence, according to software providers serving the UK property sector. The technology is being deployed to automate…
Think tank proposes national rent stabilisation scheme
The Institute for Public Policy Research (IPPR) has proposed a national rent stabilisation scheme designed to limit rent increases whilst addressing supply and investment concerns typically associated with rent controls.…
Lender provides £7.9m bridging loan for Mayfair property
FRP Real Estate Advisory has arranged a £7.9 million acquisition bridging loan with commercial lender CSBF to fund the purchase of a mixed-use property in Mayfair, London. The facility was…
Five English properties with garden-facing kitchens listed
Five properties across England featuring kitchens with direct garden access have been listed for sale, ranging from £650,000 to £2.5 million, according to estate agent listings. The properties span locations…
Stow Brothers to open Islington office this summer
Independent London estate agency The Stow Brothers will open a new office on Upper Street in Islington this summer, expanding its presence beyond its existing East London and West Essex…
UK housing market shows resilience amid inflation uncertainty
The UK housing market remains in a holding pattern as inflation and interest rate uncertainty continue to shape buyer and seller behaviour, according to analysis of recent market indices. Inflation…
Lendhub provides £1.22m for Havering housing scheme
Specialist property finance lender Lendhub has completed a £1.22 million development finance facility for the construction of two four-bedroom semi-detached houses in the London Borough of Havering. The 18-month facility…
Two in five leaseholders report unexpected service charge rises
Forty percent of leaseholders have experienced unexpected increases in their service charges, according to a survey of 2,000 leaseholders published in a new report. The research found that service charges…