Manchester overtakes London as top buy-to-let location
Manchester has surpassed London as the most sought-after location for buy-to-let investors, according to new data from The Property Buying Company. Analysis of 295 investors’ preferences shows that 23% are…
First-time developer secures £895,000 Bromley loan
Avamore Capital has provided an £895,000 development loan for a two-home ground-up construction project in Bromley, marking the borrower’s first development of this type. The 15-month facility was structured at…
New committee launched to support agents with technology
The UK PropTech Association (UKPA) has established a Residential PropTech Committee to provide estate and letting agents with guidance on technology adoption and compliance management. The committee brings together agents,…
Welsh property professionals form coalition to streamline transactions
A coalition of estate agents, conveyancers and mortgage brokers in Wales has launched an initiative aimed at improving the property transaction process, independent of Westminster reforms. The group, named Move…
Property industry assesses Burnham’s policy priorities
Andy Burnham’s victory in the Makerfield by-election has positioned him as frontrunner for Prime Minister, prompting property industry professionals to evaluate potential policy shifts affecting housing markets, development, and the…
Potential leadership change raises property tax concerns
Political speculation surrounding Sir Keir Starmer’s position as prime minister has prompted fresh analysis of potential changes to UK housing taxation policy, particularly around proposals to shift the tax burden…
Strutt & Parker expands broker team with NW London hire
Strutt & Parker has appointed Hamish Gilfeather as senior associate director in its broker team, continuing the expansion of its hybrid estate agency model launched in February this year. Gilfeather…
Rightmove drops out of FTSE 100 as shares decline
Rightmove has begun trading as a FTSE 250 company after losing its place in the FTSE 100, following a sustained decline in its share price over the past year. The…
Bridging lender completes £600,000 auction deal in six days
United Trust Bank has completed a £600,000 regulated bridging loan within six days, allowing borrowers to meet the completion deadline on an auction purchase of a Grade II listed five-bedroom…
Government to ban landlords from holding tenant deposits
Landlords and letting agents will no longer be permitted to hold tenants’ deposits in their own bank accounts under reforms planned by the government as part of its overhaul of…