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.…
Labour MP proposes rent controls to reduce welfare spending
A Labour MP has called for the introduction of rent controls in the UK as a means to reduce the national welfare bill and alleviate cost-of-living pressures on tenants. Margaret…
Welsh landlords face £5,000 fines as licence renewals due
Landlords and letting agents operating in Wales are being reminded to check their Rent Smart Wales licence renewal dates, with penalties of up to £5,000 for non-compliance as the scheme…
Scotland’s £10,000 deposit scheme faces affordability concerns
Scotland’s newly launched First Homes Fund, which offers first-time buyers £10,000 towards property purchases, will not resolve underlying housing market challenges, according to a lender participating in the scheme. The…
Five properties near swimming venues listed across UK
Five residential properties located near public swimming facilities across England and Scotland have been listed for sale, with prices ranging from £650,000 to £6.45 million. In Plymouth, Devon, a Grade…
Saudi Arabia launches freehold map for foreign investors
Saudi Arabia has introduced a digital freehold map identifying geographic areas where foreign nationals may purchase property, marking a significant development in the Kingdom’s real estate market liberalisation. The official…
Developer secures £18m refinancing for Edinburgh student scheme
Student accommodation developer Danehurst has completed an £18 million refinancing of The Pepper Mill, a 155-studio purpose-built student accommodation (PBSA) development in Bonnington, Edinburgh. Secure Trust Bank Real Estate Finance…
New awards programme targets brokerage estate agents
A new awards programme focused on self-employed and brokerage-based estate agents has opened for nominations, with the inaugural Personal Estate Agency Awards scheduled for October 2026. The programme targets estate…
Homebuyers increasingly ask about heat performance
Homebuyers are placing greater emphasis on how properties cope with extreme heat, according to estate agents in Essex and Suffolk, as temperatures across parts of the UK approach 38C this…
Property lawyers warn against rushed digital reforms
Property lawyers have raised concerns about the Government’s plans to accelerate digitalisation in homebuying processes, warning that insufficient consultation could undermine transaction safeguards. The criticism follows the publication of the…