Category: News

Sales of £15m+ homes in Prime Central London hit £694m in the first half of 2025, as American and Middle Eastern buyers return, offsetting Non Dom departures.

The number of homeowners and landlords securing new mortgage deals surged in June to the highest level since the aftermath of Liz Truss’s ill-fated mini-budget in October 2022, as falling interest rates encouraged borrowers to refinance.

Mortgage approvals climbed to 64,167 in June, beating expectations and suggesting a housing market rebound following the end of the first-time buyer stamp duty break.

Rental growth in London has slowed to just 0.4% in June, with Hamptons downgrading its 2025 forecast to 1%—the weakest rise since 2018—as mortgage rates and rental demand fall.

The House of Lords backs Propertymark-supported amendments to the Renters’ Rights Bill, securing wins on pet deposits, student tenancies, tribunal capacity, and letting agent guidance.

Pepper Money has expanded its homeowner loan range with new no and low early repayment charge (ERC) products, offering greater flexibility and tailored options for borrowers.

The Bank of England is recommending a relaxation of mortgage lending rules that would allow individual banks and building societies to issue more high loan-to-income (LTI) mortgages, in a move aimed at making home ownership more accessible.

The number of homes flipped by investors in England and Wales has plunged to its lowest level in more than a decade, as rising stamp duty and escalating renovation costs squeeze profits and deter activity.

Santander cuts selected 2 and 5-year fixed remortgage rates, prompting brokers to suggest lenders increasingly believe a Bank of England rate cut is imminent.

The FCA is reviewing rules on interest-only mortgages to improve homeownership access for first-time buyers and those with variable incomes.