News
Fall-throughs costing home movers as much as "2bn, OPDA says
4+ day, 1+ hour ago (418+ words) Failed house moves could be costing the economy almost "2 billion every year, according to new research published by the Open Property Data Association (OPDA), with many collapses occurring after the offer has been accepted." According to OPDA's research, 58% of home…...
Lenders to focus on completion times as a route to 'improve margins and lower costs"
4+ day, 1+ hour ago (417+ words) Lenders will turn their attention to lengthening completion times to improve margins and cut costs according to home buying and selling transformation consultants Novus Strategy, as mortgage data reveaed a record value of mortgage cancellations in the first quarter of…...
Signs of traditional property market spring bounce despite geopolitical upheaval as demand indicators increase
6+ day, 1+ hour ago (452+ words) There are signs of the traditional property market spring bounce, according to the estate agency membership and training body Propertymark. The organisation's latest Housing Insight Report suggests an increase in the number of viewings and listings, with resilience in sales…...
CFIT unveils Open Property Roadmap to 'modernise UK home buying"
1+ week, 9+ hour ago (715+ words) The Centre for Finance, Innovation and Technology has published a roadmap for open property which it says sets out "a clear and credible pathway to transform the UK's home buying process. The Open Property Roadmap was commissioned by the Department…...
'Macro headwinds' will lead to subdued property market in the short to medium term - RICS
1+ week, 2+ day ago (327+ words) The housing market is in the "grip of macro headwinds stemming from the Middle East conflict" and, with interest rate rises on the horizon, the outlook for buyers remains challenging, according to the Royal Institution of Chartered Surveyors (RICS). The…...
Property market cooling is 'short term' - Halifax
2+ week, 4+ hour ago (572+ words) A cooling of the property market is anticipated "in the short term" according to the latest house price data from Halifax, which shows little movement in average property prices. Price are down by 0. 1% in April compared to the previous month,…...
Mortgage approvals up and interest rates down in first quarter of 2026
2+ week, 5+ day ago (367+ words) Mortgage approvals in March 2026 sat slightly higher than the six month average and average mortgage rates decreased slightly, according to the latest Bank of England (Bo E) Money and Credit statistics." Net mortgage approvals, a measure of future borrowing, increased to…...
Bo E interest rate hold 'is cause for optimism"
3+ week, 2+ day ago (418+ words) The Bank of England's Monetary Policy Committee (MPC) has voted by a majority of 81 to maintain Bank Rate at 3. 75%." The hold has been welcomed as a sign of stability by some, with Jason Tebb, president of online property portal On…...
Post-pandemic property boom fuels remortgage market as five-year deals come to an end
1+ mon, 3+ day ago (472+ words) A near 25% increase in mortgage activity in the first quarter of 2025 was driven by a 46% increase in remortgaging as "rafts of borrowers" continue to come off ultra-low pandemic era mortgage products, according to the latest Mortgage Market Briefing from Stonebridge....
Which lender will actually lend on your client's property?
1+ mon, 1+ week ago (997+ words) In the latest article in his series on AI in conveyancing, Ed Molyneux puts a practical example in front of the profession and invites them to test it themselves. I have spent the past month writing about what AI can…...