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…
UK housing transactions forecast downgraded on rate volatility
UK housing transactions are expected to fall below initial forecasts for 2026, according to analysis from Zoopla, as mortgage rate volatility and economic uncertainty continue to impact buyer activity. Richard…
Specialist lender completes £3.1m Essex bridge facility
Specialist property lender Glenhawk has completed a £3.1 million bridging finance facility secured against three residential properties on a private estate in Essex, as the homes are marketed for sale.…
Property finance firm closes £33m London deal in seven days
SHC Capital has arranged a £33 million bridging facility for a mixed-use London property portfolio through GB Bank, completing the transaction within seven days. The loan enabled a property investment…
Housebuilders face £4.5bn class action over pricing claims
Eight of Britain’s largest housebuilders are facing a proposed class action worth up to £4.5 billion, with more than 700,000 homebuyers claiming they paid inflated prices for new-build properties due…