North American buyers reach record share of UK market
Buyers from the United States and Canada now represent 19% of all overseas-based applicants seeking to purchase property in Britain, marking a record high for North American interest in the…
Letting agents face increased tenant swaps under new Act
Letting agents should prepare for a rise in mid-tenancy tenant swaps as the Renters’ Rights Act shifts the rental market towards periodic tenancies, according to deposit protection scheme Mydeposits. The…
Renters’ Rights Act takes effect with £41m enforcement fund
The Renters’ Rights Act has come into force, with Housing Secretary Steve Reed describing the legislation as the “biggest shake-up” for tenants in a generation. The government has allocated £41…
HMO landlord secures £1.5m refinance for portfolio growth
GB Bank has completed a £1.5m refinance transaction for an HMO landlord, converting an existing bridging loan to a buy-to-let term facility whilst releasing equity for further property acquisitions. The…
Leicester BTR scheme secures £27.8m Aldermore refinancing
Aldermore has provided a £27.8 million commercial real estate facility to Highcross Street Holdings Limited, refinancing a newly completed build-to-rent scheme in Leicester city centre. The funding supports a joint…
Avamore Capital completes £926k development loan in three weeks
Avamore Capital has completed a £926,000 ground-up development finance facility within three weeks, incorporating a day-one advance structure that allowed the borrower to refinance completed works and redistribute capital across…
Reed accuses Green Party of blocking housing development
Housing Secretary Steve Reed has criticised the Green Party for opposing housing developments whilst campaigning on the scale of the housing crisis, in comments made ahead of May’s local elections.…
Reform MPs propose licensing regime for HMO landlords
Reform UK MPs have called for the introduction of mandatory licensing and training requirements for landlords and agents managing houses in multiple occupation (HMOs), citing concerns over property management standards…
Landlord body sets three tests for Renters’ Rights Act
The National Residential Landlords Association (NRLA) has outlined three key measures to assess the success of the Renters’ Rights Act, as major provisions of the legislation came into force this…
Property franchise group acquires stake in surveying firm
The Property Franchise Group (TPFG) has acquired a 25% stake in Meridian HoldCo for £2.5 million, extending its involvement in the mortgage process to include valuation and surveying services. Meridian…