Tax threshold changes to affect majority of landlords by 2028
Lower income thresholds will bring significantly more landlords into HMRC’s Making Tax Digital for Income Tax regime over the next two years, with industry body Propertymark advising letting agents to…
Cambridge single-family rental scheme secures £125m refinancing
Apache Capital and Nuveen Real Estate have secured £125 million in refinancing from United Overseas Bank for Present Made, Eddington, a 373-home single-family rental development in Cambridge. The two-year facility…
English rents jump 6.5% as landlords adjust to new rules
Average rents in England increased sharply in June, with annual rental inflation reaching its highest level in nearly two years, according to data from Goodlord. The rise coincides with the…
Guild launches video training series for estate agents
The Guild of Property Professionals has released a six-part video series designed to provide estate agents with business insights and operational guidance. The series, titled Inside the Network, is presented…
Bridging lender facilitates below-market property deal
Bridging lender Somo has completed a second charge loan enabling a borrower to acquire a buy-to-let property valued at £500,000 for £350,000, whilst simultaneously clearing six months of mortgage arrears.…
Average UK home price buys five beds or studio flat
New analysis from Rightmove has highlighted the significant regional variation in what the average UK asking price of £378,000 can purchase across different parts of the country. The property portal’s…
Renovation properties lose appeal as buyers seek move-in homes
The appetite for properties requiring significant renovation has declined sharply, with only 6% of buyers actively seeking such projects, according to research from property group LRG. A survey of more…
Burnham proposes major council housebuilding programme
Andy Burnham has outlined plans for a large-scale council housebuilding programme in his first major speech in Manchester, targeting what he described as Britain’s housing crisis. The proposal centres on…
UK housing market weakens as sales fall 7% year-on-year
The UK housing market has continued to soften, with sales agreed down 7% year-on-year and buyer demand falling 15%, according to the latest Zoopla House Price Index. The data reveals…
Estate agents earn £30.93 per day during property sales
Estate agents in the UK generate an average of £30.93 per day in commission whilst progressing a property sale from instruction to completion, according to research from eXp UK. The…