Bank of England rate decision uncertain after ECB hike
The Bank of England faces renewed uncertainty over its interest rate decision this week following the European Central Bank’s move to raise borrowing costs, creating implications for UK mortgage rates…
Rent increases drop 23% following Renters’ Rights Act
The number of tenants experiencing rent increases has fallen by 23% in the first month following the introduction of the Renters’ Rights Act, according to new data from Hamptons. Analysis…
June house prices record largest monthly drop since 2012
Average asking prices fell by 0.6% in June, marking the largest monthly decline for the time of year since 2012, as sellers adjusted pricing expectations amid high levels of competition…
Rental bidding ban requires landlords to revise pricing
Landlords and letting agents are being advised to exercise greater care when setting asking rents following the implementation of a ban on rental bidding wars, according to regulation expert Zach…
UK asking prices fall £2,100 in biggest June drop since 2012
Average asking prices for newly listed homes fell by £2,113 in June, marking the largest decline for the month in 14 years, according to data from Rightmove. The property portal…
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…
Letting agent complaints rise 47% amid regulatory pressure
Complaints against letting agents in the UK increased by 47.4% in 2025, rising to 4,220 from 2,863 the previous year, according to analysis by tenant onboarding platform Propoly. The sharp…
Landlord void costs rise 12.9% as vacancy periods hit returns
The cost of void periods between tenancies has increased by 12.9% year-on-year, rising from £1,005 to £1,135, according to research by property management firm Rushbrook & Rathbone. The analysis, which…
Government to publish property reform roadmap this year
The government will publish a roadmap detailing reforms to the homebuying and selling process later this year, housing minister Matthew Pennycook has confirmed. Pennycook made the commitment in response to…