Landlord confidence increases as tenant demand rises
With affordability still a real challenge for homebuyers and demand continuing to outstrip supply, there is an abundance of tenants ready to rent across the country
Marc da Silva
More than a third of private renters struggling to afford their rent
Fresh data paints a worrying picture of the pressures many renters are now under and has implications for landlords with tenants in arrears
Homebuyers frustrated at frequency of mortgage rate fluctuations
Stubborn cost-of-living pressures explain why the Bank of England felt unable to cut the base rate last week
The Guild launches nationwide local meetings initiative
These meetings are designed to provide members with valuable insights into market trends, innovative strategies, and the latest offerings from The Guild
AML compliance amongst estate agents surges
The amount of illicit funds laundered through the UK is estimated to be at least £88bn
Charters Group acquires independent agency
The agency and its team will continue to trade as such, for the foreseeable future, with an integration into the Charters brand later on in the year
Well-established estate agency expands into Yorkshire
The estate agency has established itself across London and Manchester
Comings & Goings
Snippets of industry news: Savills strengthens residential sales team; Knight Frank announces new regional partner; Chartwell Noble appoints area director
New data shows extent of average first-time buyer mortgage payment hike since last election
The increase in average mortgage payments for first-time buyers has significantly outpaced wage growth
Soaring rents help make London eighth most expensive global city
Rising housing costs in many cities around the world have made it increasingly challenging for organisations to attract and retain top talent for international assignments, study shows
Properties provide half of HMO landlords with sole income, study reveals
New survey shows continuing confidence in HMOs
Housing becomes a key battleground in the election campaign
Labour and the Conservatives are making plenty of promises when it comes housing in a bid to win votes
What is currently happening in the UK property market?
UK House prices remain strong, while new property listings continue to rise
Estate agency marketing tool to ‘guarantee instructions’
Prospecting AI is proving effective; provider now guarantees that an agency will generate a minimum number of instructions over a 12-month period
Another major independent estate agency signs up to Zoopla
The three-year contract includes Valuation Booster, which the estate agency will use to highlight their branches to sellers actively looking for an agent to value their home
LSL in ‘good shape’ and eyes growth as market conditions improve
As positive momentum continues, the business said its outlook for the full year is in line, and potentially better, than expectations
Homeowner loses ‘unfair’ £70.5k stamp duty case
Property owner argued HMRC did not consider 'human element'
Law Society announces date for special general meeting
Following the release of the TA6 Property Information Form (5th edition) (2024) in March, PLAG called for a SGM of Law Society members to debate and vote on a motion of no confidence
Trade body unveils rebrand
The new brand, website and LinkedIn page will go live on Monday
Interest rate impact: Mortgage rates volatile
Due to volatile swap rates, lenders have been increasing fixed mortgage rates, while also withdrawing deals