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Here is today's latest news from the world of mortgages and introducers. Join the debate by leaving a comment below a story. Remember, you will need to be logged-in to do this.

Breaking News

Insight - Bank of England drops mortgage affordability tests

A recent change in mortgage rules that required lenders to check whether homeowners could afford repayments at higher interest rates has been scrapped, which potentially means...

Only 2% of property transactions are auctions

Despite being the quicker method of selling a home, property auctions are one of the least preferred methods for home sellers in the UK. Property purchasing specialist...

Pandemic property market boom causes 1 in 3 professionals to burnout

Since the pandemic property market boom, recent research by YourBusinessNumber has disclosed that one in three property professionals have taken time off work due to fatigue...

Advisers call for reforms to break down barriers to homeownership for FTBs

In the UK, homeownership remains one of the main aspirations for young adults and families who envision climbing the property ladder from their first house to...

8 time win - building societies rated top mortgage lenders

The UK’s largest financial services review site, Smart Money People, announced that building societies remain the top-rated sector for broker satisfaction. Leek United Building Society took first...

Moving in a positive direction – expert reacts to interest rate rise

Last week (June 16), the Bank of England increased the base rate by 0.25%, up from 1.00% to 1.25%. In response, Moneyfacts.co.uk has analysed the average rates...

London is leading the rental market revolution

Property maintenance solution provider, Help me Fix, claim that London is still a dominant force in the build-to-rent market. Since the Covid-19, pandemic market trends in the rental market...

AML checks attributed to foreign buyers hits all-time low

A portion of the market activity accounted for by foreign buyers has been in a slow decline since 2018, Credas Technologies, the leading anti-money laundering checks...

Make way second-steppers – FTBs account for 11% of market activity

Research by Stipendium reveals that first-time buyers account for one in 10 of all property transactions across England. The property platform analysed the latest data on stamp...

The retail sector drives the most commercial rental demand

A recent analysis of the current commercial rental market reveals which sectors are currently most in demand when it comes to the requirement for rental premises. Revolution...

Shocking £27m deposits still held in rental disputes since 2021

While tenancy disputes did see a year-on-year decline in volume during 2021, the latest industry insight from mydeposits show that there was still an estimated £27...

Stamp duty costs on BTL homes up £12k since Gov changes

The average stamp duty payment on buy-to-let (BTL) homes has increased by £11,848 in England, and almost 1,000% higher than that paid by primary homebuyers, research...

Boris Johnson outlines 'comprehensive review' of mortgages in major speech

The Prime Minister used a housing speech in Blackpool yesterday to outline plans for a wide-ranging review of the mortgage market and housing benefit rules to boost homeownership...

Cost of living leaves 86% of rental households feeling financially strained

The pressure of the constant surge in the cost of living for UK rental households are prevalent, and the effects are starting to show. With recent research...

AML registrations in property sector hits record high

The UK property market recorded the highest ever number of anti-money laundering (AML) checks during the first quarter of 2022, a leading provider reveals. Credas Technologies, a...

Out with the old: New towns post strong house price performance

Estate and lettings agent, Barrows and Forrester, which revealed that the nation’s ‘new’ towns have posted a stronger performance when compared to their historic counterparts has...

AML expert issues fraud warning amid speedy sales market

This story originally appeared on Estate Agent Today, but has been reproduced here in full for the benefit of Introducer Today readers. The fast-moving property sales market...

Missed calls cost UK estate agents £119m a year

Businesses should be made aware that missing a phone call can cause a loss of revenue and can also damage the reputation of a business. New research from...

Pandemic peak in property fall-throughs plummets

The number of property sale fall-throughs, which crested during the pandemic, is predicted to fall by 12.2% in 2022, according to market analysis from a property...

Below target - the Government is 120,000 homes short of the target

Throughout the years the government has pledged to deliver new homes to make more affordable properties available to the public.  New build- sales optimisation platform, Unlatch, reveals...

Revealed - rental property maintenance totals £30bn per year

Property maintenance remains a vital part of the rental sector as providing legal homes that are comfortable for tenants to live in is the top priority. New...

Insight - Monthly London rent could last for 5 in these European capitals

Living as a resident in London can burn quite a hole into your pockets, but in comparison, by how much exactly? Recent research done by London rental...

Home décor to avoid - Jubilee decorations homebuyers detest

A recent survey by London lettings and estate agent Benham and Reeves asked homebuyers which Jubilee decorations they would find most off-putting when viewing a property. Many...

The Platinum Jubilee road names with a setback of £2m for property

Taking inspiration from the Queen’s Platinum Jubilee celebrations, the property platform, Boomin, has revealed just how much it will take from your pocket to purchase a...

Winner! UK leads Europe in mortgage market race

The UK is leading the way when it comes to the might of the mortgage sector and the number of properties purchased by borrowing, new research...

FTBs move to live near properties owned by The Queen – Jubilee

A new analysis from the specialist lender Together finds that 24% of UK’s FTBs would prioritise and pay more than the asking price on prospective homes...

Revealed – London worst region for property sector unprofessionalism

While the number of members hit with expulsion has declined steadily each year since a peak in 2018, the most recent industry insight from the Property...

Jubilee price jumps - rise in property values over last decade

GetAgent.co.uk reveals that UK house prices have increased by as much as 123% in the decade since the Diamond Jubilee in 2012. The estate agent comparison site...

One in five consumers overwhelmed talking to financial advisers

Speaking to a financial adviser is more daunting for UK consumers than self-managing their finances, a YouGov study reveals. In a survey commissioned by general insurance provider...

HMRC shows its teeth with bumper AML fines for agents

This article originally appeared on Estate Agent Today last week, but is reproduced here in full as is likely to be of interest to Introducer Today...

Virtual tours remain popular post-pandemic

New findings by Giraffe 360 reveal that virtual tours continue to receive high levels of demand. At the height of the pandemic, when social distancing and lockdown...

Crossrail rentals - how has it impacted the market?

Tenants who would like to make the most of Crossrail will pay up to 89% more to reside within arm’s reach of a Crossrail station a...

Mortgage roundup – industry firsts and product enhancements

This week’s roundup takes a look at the latest in the mortgage market, from L&G’s latest addition to its lender panel and an industry-first remortgage product...

Pandemic decline: demand for London flats is yet to subside

Despite a move back to normality for those living and working within the capital, demand for apartment-style living across London is yet to return. Ocasa, the...

Revealed - the cost of damage for uninsured landlords

New research conducted by Total Landlord reveals that landlords who do not have insurance are treading on thin ice as possible tenant damage could be costly. Up...

Study shows self-employed are twice as likely to face mortgage rejection

Self-employed individuals are twice as likely to be rejected for a mortgage, a new report from The Mortgage Lender (TML) shows. Its Exploring Adverse Credit study reveals...

The end of a decline – foreign interest returns to the London market

International buyers are slowly returning to the London property market after three consecutive years of declining market activity, research by debt advisory specialist, Henry Dannell, reveals....

Revealed - Crossrail house prices increase up to 215%

The long-awaited Crossrail line is finally set to launch on 24 May 2022. It will connect the east and west of the capital, as well as...

Bad news for FTBs – house prices are rising by £24 every day

The average first-time buyer (FTB) is spending £223,751 on their first property, 24% more than in 2016, according to new analysis from Direct Line Home Insurance. The...

Property Natter – will the challenger banks ever become major lenders?

Over the weekend, Nat Daniels - CEO of Angels Media, the founder of the Today sites - penned this piece in the EAT & LAT Weekend...

Revealed - London’s short-term rental hotspots

London rental platform, Rentd, recently analysed the current rental availability for short-term rents across the London market to reveal which boroughs have the highest level of...

Insight - is the pandemic property market boom fizzling out?

Despite a strong start of the house price growth this year, the latest analysis from specialist property lending experts, Octane Capital, has revealed that the heat...

Landbay rebrands with ‘next generation’ broker portal

Specialist buy-to-let fintech lender Landbay has launched its most comprehensive and intuitive broker portal amidst a bold new brand. The new brand is expected to set Landbay...

Average intermediary mortgage volumes fall in Q1 2022

Q1 2022 saw the average number of mortgages placed per year by intermediaries fall slightly from the previous quarter, according to the Intermediary Mortgage Lenders Association...

54% of all available land plots already purchased by developers

New research from HBB Solutions claims that 54% of all available land plots listed for sale across England have already gone under offer or sold subject to contract...

London’s latest hotspots – which areas rank high in £1m+ house sale?

Despite a more lethargic pandemic property market performance, a recent study by debt advisory specialists, Henry Dannell, has analysed sold price records from the Land Registry...

Top tips for renters struggling to get on the property ladder

New research from Canopy reveals 10% of UK private renters have been unsuccessful in getting a mortgage, despite 80% never missing a rental payment. Of those aspiring...

Revealed - UK sellers achieve phenomenal asking prices

The most recent data released from the estate agent comparison site, GetAgent.co.uk, has revealed that the average home seller achieved an extraordinary 97.9% of the asking...

Total value of new homes delivered drops by £5bn

Property developer, StripeHomes, announced that in the last year the value of new homes delivered has fallen by -6.7%. StripeHomes were able to accumulate these results by...

Five expert tips to get on the property ladder on your own

Often, we are sold the dream of settling down with a partner and purchasing our dream house together – but, what if you want to purchase...

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