Salford development unveiled – PropertyWire
Some 277 homes have been approved for development in Salford. The development is being built on the former Farmer Norton car park on Cleminson Street, as part of the ongoing…
Mortgage lenders welcome looser approach to affordability from FCA
The Intermediary Mortgage Lenders Association (IMLA) has backed the Financial Conduct Authority’s “openness to moving beyond blunt affordability rules”. The regulator previously vowed to simplify mortgage rules, allowing for flexible…
Affordability to become “a more pressing issue”, say lenders
Mortgage lenders expect struggles with mortgage affordability to worsen in the years ahead. Phoebus Software polled mortgage professionals and found that half (47%) thought mortgage affordability will worsen in 2027,…
US debt to increase in 2026
Debt and arrears are both expected to escalate in the US in 2026, Lending Tree has predicted. The online lending marketplace comically wrote: “Debt is going to grow, in part…
The Planning and Infrastructure Act granted royal assent
The Planning and Infrastructure Act has become law – with the stated aim of accelerating housing construction across the UK. The Act will make it harder for legally challenge the…
2026 to start strong after record-breaking December
Estate agency group Strutt & Parker is predicting a strong 2026 after recording a surge in activity after the Autumn Budget was delivered on November 26. In the seven days…
Bank of England cuts base rate to 3.75%
The base rate has been cut from 4% to 3.75% after a 5-4 vote from the Bank of England’s Monetary Policy Committee. The reduction comes after inflation slowed from 3.6%…
Construction activity finally improving – PropertyWire
The number of construction projects starting increased by 14% in the three months to November compared to the previous three months. This has driven by a 161% increase in office…
Industry welcomes introduction of NPPF
The revised National Planning Policy Framework has been given a largely positive reception. New plans include giving planned homes a ‘default yes’ around rail stations. Properties built upwards in towns…
Rightmove: Paying a mortgage could become cheaper than renting next year
If first-time buyers get a deposit together it’s likely their mortgages could end up being cheaper than paying rent next year, Rightmove has predicted. This process could be exacerbated by…