Property Reporter

Property Reporter Property Reporter is a property, lettings and investment news website for United Kingdom Landlords, Estate Agents, Investors.
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Our aim is to provide breaking and relevant press and analysis for both the residential and commercial real estate sector. PR launched in May 2012 following the success of sister website Financial Reporter which provides business finance news to brokers and intermediaries across the UK and is now one of the most visited news websites of its type. Our news is fronted by Warren Lewis a new face to t

he property industry with vast experience of journalism and business reporting. Warren has a huge knowledge and interest in the property market and his expertise make him a fantastic addition to the Property Reporter team.

According to the latest survey conducted by Rightmove, 72% of adults in the UK would be willing to adjust their daily ro...
23/08/2024

According to the latest survey conducted by Rightmove, 72% of adults in the UK would be willing to adjust their daily routine for cheaper energy bills.

According to the latest survey conducted by Rightmove, 72% of adults in the UK would be willing to adjust their daily routine for cheaper energy bills. With the energy price cap set to rise by 10% in October 2024, this could mean an annual increase of £558 for households in the least energy-efficie...

Fleet Mortgages has revamped its product range for those purchasing or remortgaging houses of multiple occupation (HMOs)...
23/08/2024

Fleet Mortgages has revamped its product range for those purchasing or remortgaging houses of multiple occupation (HMOs).

Fleet Mortgages has revamped its product range for those purchasing or remortgaging houses of multiple occupation (HMOs).

According to data released following a Freedom of Information (FOI) request issued by the Financial Conduct Authority (F...
23/08/2024

According to data released following a Freedom of Information (FOI) request issued by the Financial Conduct Authority (FCA), Labour’s intended ‘Freedom to Buy’ mortgage scheme is unlikely to achieve the desired impact on prospective first-time buyers.

According to data released following a Freedom of Information (FOI) request issued by the Financial Conduct Authority (FCA), Labour’s intended ‘Freedom to Buy’ mortgage scheme is unlikely to achieve the desired impact on prospective first-time buyers.

According to HY1 data analysed between January-July since 2019, the number of residential properties sold via Private Tr...
23/08/2024

According to HY1 data analysed between January-July since 2019, the number of residential properties sold via Private Treaty has decreased by 10% - this is in stark contrast to auction popularity which has surged.

According to HY1 data analysed between January-July since 2019, the number of residential properties sold via Private Treaty has decreased by 10% - this is in stark contrast to auction popularity which has surged.

The lender's new AVM range includes two-year standard options available at up to 75% loan-to-value (LTV), with rates sta...
22/08/2024

The lender's new AVM range includes two-year standard options available at up to 75% loan-to-value (LTV), with rates starting at 3.74%.

Buy-to-let lender Landbay has announced the launch of a new range of two-year and five-year products, available through an automated valuation model (AVM).

Short-term property finance lender Tuscan Capital has announced the completion of a £892k medium refurbishment funding d...
22/08/2024

Short-term property finance lender Tuscan Capital has announced the completion of a £892k medium refurbishment funding deal which will transform the historic Brookhouse Inn Hotel in Staffordshire into modern residential spaces.

Short-term property finance lender Tuscan Capital has announced the completion of a £892k medium refurbishment funding deal which will transform the historic Brookhouse Inn Hotel in Staffordshire into modern residential spaces.

BLOG: Councils to be given powers to compulsorily purchase land for affordable homes - Lawrence Turner, director at Boye...
22/08/2024

BLOG: Councils to be given powers to compulsorily purchase land for affordable homes - Lawrence Turner, director at Boyer

Lawrence Turner, director at Boyer, explains how the rules will be intensified under a new Labour government.

Of the twelve mistakes surveyed, only three were made more frequently by renters.
22/08/2024

Of the twelve mistakes surveyed, only three were made more frequently by renters.

According to the latest survey commissioned by Go Compare Home Insurance, 82% of homeowners believe they’ve never made a mistake while moving house but only 18% of renters share that belief.

Before buying, it’s essential to carry out research on prices, trends and demand in your area, and ‘stress test’ your fi...
22/08/2024

Before buying, it’s essential to carry out research on prices, trends and demand in your area, and ‘stress test’ your figures for rental income, expenditure and capital growth, to be as sure as you can that your investment will be a long-term success.

The tips for new landlords cover ongoing costs, rental income, expenditure and capital growth.

Molo Finance has reduced rates across its buy-to-let mortgage range by up to 0.20%.
22/08/2024

Molo Finance has reduced rates across its buy-to-let mortgage range by up to 0.20%.

New buy-to-let rates start at 4.15%.

Accord Mortgages is reducing rates on its buy-to-let product range, by up to 0.2% across all loan-to-values up to 75%.
22/08/2024

Accord Mortgages is reducing rates on its buy-to-let product range, by up to 0.2% across all loan-to-values up to 75%.

Accord Mortgages is reducing rates on its buy-to-let product range, by up to 0.2% across all loan-to-values up to 75%.

Puma Property Finance has facilitated £20m in loans (£13 and £7m) to Zephyr X to deliver two new care homes in the South...
21/08/2024

Puma Property Finance has facilitated £20m in loans (£13 and £7m) to Zephyr X to deliver two new care homes in the South East. Both schemes will provide new build homes in locations with significant shortfalls in care beds.

Puma Property Finance facilitates loans to Zephyr X to fund new care homes in Reading and Surrey.

BLOG: How will Green Belt/Grey Belt work in practice? - William Nichols, regional director at Lanpro
21/08/2024

BLOG: How will Green Belt/Grey Belt work in practice? - William Nichols, regional director at Lanpro

William Nichols, regional director at Lanpro, explores the new Government's new affordable housing targets and how the so-called Grey Belt might be defined, where it exists and how accessible it is.

The Mortgage Works (TMW), the buy-to-let lending arm of Nationwide, is reducing selected buy-to-let rates for new custom...
21/08/2024

The Mortgage Works (TMW), the buy-to-let lending arm of Nationwide, is reducing selected buy-to-let rates for new customers by up to 0.10%, with rates now starting from 3.49%.

New business rates have reduced by up to 0.10%.

Off-plan properties are becoming more and more popular for buyers - in fact, the numbers speak for themselves as in 2024...
21/08/2024

Off-plan properties are becoming more and more popular for buyers - in fact, the numbers speak for themselves as in 2024, 37% of buyers chose off-plan properties which was up from 35% in 2020.

Off-plan properties are becoming more and more popular for buyers - in fact, the numbers speak for themselves as in 2024, 37% of buyers chose off-plan properties which was up from 35% in 2020.

67% of landlords are concerned about property financing costs, with 30% being strongly concerned.
21/08/2024

67% of landlords are concerned about property financing costs, with 30% being strongly concerned.

Rising financing costs, driven by high interest rates and inflation, have created significant worries for property investors.

Marsden Building Society has announced several changes to its expat mortgage criteria, including accepting British Natio...
21/08/2024

Marsden Building Society has announced several changes to its expat mortgage criteria, including accepting British Nationals Overseas Persons (BNOPs) and foreign nationals.

British Nationals Overseas Persons and foreign nationals are now accepted for both residential and buy-to-let products.

No postcode area in England currently achieves property sales above asking price, with the average percentage of asking ...
20/08/2024

No postcode area in England currently achieves property sales above asking price, with the average percentage of asking price achieved across England now standing at 97%.

The average percentage of asking price achieved in a home sale in England stands at 97%.

Broadband and mobile connectivity were cited by 82% of homebuyers as an ‘important’ or ‘very important’, replacing the g...
20/08/2024

Broadband and mobile connectivity were cited by 82% of homebuyers as an ‘important’ or ‘very important’, replacing the garden and/or outdoor space (76%) as the single most important factor.

New research from Market Financial Solutions (MFS) has shown that, in a post-pandemic market, homebuyers are increasingly looking for better transport links - while the square footage of homes has become less important.

New figures have revealed the extent of London’s mains water leak problem, with Wandsworth and Westminster being reveale...
20/08/2024

New figures have revealed the extent of London’s mains water leak problem, with Wandsworth and Westminster being revealed as London’s leakiest boroughs.

Aspect also explains what to do if you think you have a mains water supply leak.

HMRC declared fines of over £1.6 million for agents responsible for committing breaches in April 2024, and Propertymark ...
20/08/2024

HMRC declared fines of over £1.6 million for agents responsible for committing breaches in April 2024, and Propertymark is issuing a reminder to all agents to ensure they are applying and preserving correct and up-to-date registration with HMRC.

Since 2020, it has been a criminal offence to trade as a property agent without being registered with HMRC for anti-money laundering supervision.

Moverly has analysed the average time it takes to sell a home in 12 countries, countries that UK citizens often choose t...
20/08/2024

Moverly has analysed the average time it takes to sell a home in 12 countries, countries that UK citizens often choose to emigrate to - with the figures showing the UK is 70% slower than the US. But why are we so slow?

Moverly has analysed the average time it takes to sell a home in 12 countries, countries that UK citizens often choose to emigrate to - with the figures showing the UK is 70% slower than the US.

The average personal guarantee demand from mortgage lenders rise to £424,140 to date in 2024, for applications made unde...
20/08/2024

The average personal guarantee demand from mortgage lenders rise to £424,140 to date in 2024, for applications made under limited company structures. This is up from £320,298 in 2023.

The average personal guarantee demand now stands at £424,140.

Virgin Money has reduced rates across its buy-to-let mortgage range by up to 0.15%.
20/08/2024

Virgin Money has reduced rates across its buy-to-let mortgage range by up to 0.15%.

The lender has launched sub-4% five-year fixed rates.

According to the latest data from the Microgeneration Certification Scheme (MCS), the UK has now reached 250k all-time c...
19/08/2024

According to the latest data from the Microgeneration Certification Scheme (MCS), the UK has now reached 250k all-time certified heat pump installations.

According to the latest data from the Microgeneration Certification Scheme (MCS), the UK has now reached 250k all-time certified heat pump installations.

According to exclusive data obtained by Pikl Insurance, the Royal Family make approximately £118,775.85 each month on ho...
19/08/2024

According to exclusive data obtained by Pikl Insurance, the Royal Family make approximately £118,775.85 each month on holiday lets.

According to exclusive data obtained by Pikl Insurance, the Royal Family make approximately £118,775.85 each month on holiday lets.

According to Knight Frank’s ‘Prime Global Rental Index’, the average rental growth across its basket of fifteen cities h...
19/08/2024

According to Knight Frank’s ‘Prime Global Rental Index’, the average rental growth across its basket of fifteen cities has been 3.5% year-on-year since June 2023.

According to Knight Frank’s ‘Prime Global Rental Index’, the average rental growth across its basket off fifteen cities has been 3.5% year-on-year since June 2023.

According to analysis of England & Wales regional crime rate data conducted by Regency Living, the lowest crime rate of ...
19/08/2024

According to analysis of England & Wales regional crime rate data conducted by Regency Living, the lowest crime rate of the two nations is Exeter’s EX24 postcode district which saw just twelve reported crimes per 1k residents in 2023.

According to analysis of England & Wales regional crime rate data conducted by Regency Living, the lowest crime rate of the two nations is Exeter’s EX24 postcode district which saw just twelve reported crimes per 1k residents in 2023.

While first-time buyers in the UK have shared their location preferences, the key question remains: how much will it cos...
19/08/2024

While first-time buyers in the UK have shared their location preferences, the key question remains: how much will it cost to buy a property in these areas?

First-time buyers shared their top priorities, including property prices, local transport routes, school Ofsted ratings and annual salary growth.

According to the analysis by Moneyfactscompare, the rise in choice is promising, but other challenges lay ahead for holi...
19/08/2024

According to the analysis by Moneyfactscompare, the rise in choice is promising, but other challenges lay ahead for holiday let landlords.

There are now 445 holiday let mortgages available in the market.

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