Five property firms expelled for failing to pay awards
The Property Ombudsman (TPO) has expelled five property businesses from its scheme following their failure to pay compensation awards issued against them after consumer complaints. The expulsions, which affected Devon…
UK property market faces pricing pressures amid weak demand
The UK property market is experiencing significant pricing pressures as geopolitical uncertainty and economic headwinds continue to dampen buyer activity, with agreed sale prices falling sharply in mid-to-upper market segments,…
Flat-house price gap reaches 30-year high in UK
The price differential between flats and houses has reached its widest point since records began 30 years ago, according to new data from property portal Zoopla. House prices have increased…
42% of landlords consider reducing portfolios, survey finds
More than two in five landlords are considering reducing their property portfolios despite rising rental yields and sustained tenant demand, according to research published by Aldermore. The lender’s survey found…
Paul Geddes appointed as Lomond chief executive
Paul Geddes, former chief executive of Evelyn Partners and Direct Line, has been appointed as the new chief executive of Lomond, one of Britain’s largest estate agency groups. The appointment…
UK residential auction supply rises as success rates dip
UK residential auction supply increased in May 2026, though success rates declined slightly as buyer demand failed to keep pace with the growing number of properties coming to market. Data…
£21m loan facility supports Cardiff office acquisition
FRP Real Estate Advisory has arranged a £21 million commercial acquisition loan facility with Shawbrook Bank to support the purchase of an office building in central Cardiff. The transaction enabled…
Paragon backs £13.3m Chester care home development
Paragon Development Finance has provided £13.3 million in development finance to North Bay Group for the construction of a 75-bed care home in Chester. The facility on Boundary Lane is…
Manchester developer secures £2.66m bridging finance
Recognise Bank has provided a £2.66 million bridging finance facility to a regional property developer for a redevelopment site in Burnage, Manchester. The 12-month loan was arranged at 65% loan-to-value…
Central banks hold rates as Iran deal eases inflation
Central banks in the US and UK are expected to maintain interest rates this week following a Middle East peace deal that analysts predict will reduce inflationary pressures through lower…