London rental growth stable despite new legislation
London landlords have maintained consistent rental growth rates following the introduction of the Renters’ Rights Act, according to new data from Benham and Reeves. Rents in the capital increased by…
Tenant unions launch online tool to challenge rent increases
The London Renters Union has launched an online tool to assist tenants in challenging rent increases under powers introduced by the Renters’ Rights Act. The initiative, branded as the Resist…
Conveyancing regulator finds transparency gaps in referrals
The Council for Licensed Conveyancers (CLC) has published interim findings revealing transparency issues in referral arrangements between conveyancers and estate agents, with almost half of examined practices lacking proper documentation.…
Off-plan buyers gain £26,000 before completion, data shows
Buyers purchasing new-build properties off-plan in London have seen average gains of £26,000 before completion, according to analysis by Foxtons. The estate agency’s data shows that new-build house prices across…
Land Registry launches trial to tackle property sale failures
HM Land Registry has approved a 12-month trial scheme designed to reduce property sale fall-throughs by enabling sellers to identify and correct data errors before marketing their homes. The proof…
TV presenter purchases Surrey home from Omaze prize winner
Television presenter Alan Titchmarsh has acquired a six-bedroom property in Surrey for £2.75 million, according to estate agents involved in the transaction. The property was previously won by Ms Reid,…
Bank of England MPC member signals support for rate rise
A Bank of England policymaker has indicated support for raising interest rates, increasing the likelihood of higher borrowing costs ahead of the Monetary Policy Committee’s next decision on 18th June.…
Survey reveals tenant concerns over landlord compliance
A survey of over 1,100 tenants has found widespread uncertainty about whether landlords and managing agents have fully complied with the Renters’ Rights Act, which came into force earlier this…
OakNorth finances two UK assets for Jamestown-advised fund
OakNorth has provided property finance to a European investor advised by Jamestown for two UK commercial assets, covering an acquisition in Surrey and a refinancing in Edinburgh. The facility supports…
Aberdeen office secures £8.4m bridging loan in one month
Pallas Capital has provided an £8.4m bridging finance facility on a Grade A office building and car park in Aberdeen, completing the 12-month loan within a one-month timeframe. The 60,000…