Posts by EAN Breaking News
Planning Bill is a huge opportunity to save British construction
The Government has finally unveiled the Planning and Infrastructure Bill, introducing a number of measures that change some fundamental elements of how planning works. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), commented: “The Labour Government is wasting no time in proving that their manifesto pledges on planning reform are real. Planning…
Read MoreBank of England Mortgage Lenders and Administrators Statistics showing increase in first time buyers
Mortgage Lenders and Administrators Statistics – 2024 Q4 The Mortgage Lenders and Administrators Return (MLAR) is a quarterly statistical release aggregated from data on mortgage lending activities provided by around 340 regulated mortgage lenders and administrators. Key findings The outstanding value of all residential mortgage loans increased by 0.5% from the previous quarter to £1,678.2…
Read MoreLaw Firm Sees 94% Increase In Home Sellers ahead of Stamp Duty Change
Taylor Rose, the leading independent law firm, has seen a 94% increase in conveyancing instructions compared to last year. Data reveals that Taylor Rose has received 5,297 instructions – the point when a buyer moves forward with the purchase agreement of a property – in January and February 2025 compared to 2,738 in the same…
Read MoreUK Government must consider ‘unintended consequences’ of High Street Rental Auction powers
UK Government must consider ‘unintended consequences’ of High Street Rental Auction powers, NAEA Propertymark Commercial Advisory Panel suggests The ‘unintended consequences’ of High Street Rental Auction powers given to local councils must be considered by the UK Government, the NAEA Propertymark Commercial Advisory Panel has suggested. The Ministry of Housing, Communities, and Local Government (MHLCG)…
Read MoreMinisters could slash the number of official bodies that get a say in planning decisions in a drive to cut red tape.
As part of the Government’s pledge to build 1.5 million homes this Parliament, it will aim to cut red tape by consulting on removing a number of official bodies that have a say in planning decisions. The consultation will include removing Sport England, the Theatres Trust and the Garden History Society from the list of…
Read MoreZoopla unveils new CEO and strengthens leadership team
Zoopla, one of the UK’s leading property websites, is pleased to announce the appointment of Paul Whitehead as Chief Executive Officer, alongside a number of other changes to strengthen its leadership team, including the appointment of Sam Fletcher as Chief Finance Officer. Paul rejoins Zoopla having previously served as its Chief Strategy Officer. Over the…
Read MorePlanning Approvals Fall and Construction Slows to Record Low
Labour’s 1.5 Million Home Target at Crisis Point as Planning Approvals Fall and Construction Slows to Record Low Planning approvals drop 2% to 242,610 and construction PMI falls to 44.6, marking its worst performance in nearly five years David Hannah, Group Chairman of Cornerstone Tax, criticises Labour’s poor policy decisions, emphasising that the…
Read MoreHalifax House Price Index February 2025
Average UK house price holds steady in February • House prices dipped by -0.1% in February (vs +0.6% in January) • Average property price now £298,602 (compared to £298,815 in previous month) • Annual growth remains at +2.9%, unchanged from January • Scotland sees house prices rise at fastest pace in 13 months (+3.8%) …
Read MoreNot all doom and gloom’ in the residential land market
With uncertainty in the residential land market over the past few years and a bit of a shaky start to the year so far, it has been a tough playing field for UK housebuilders. But residential development expert Billy Poulter, a Manchester-based partner in the commercial property team at Clarke Willmott, specialising in residential development says…
Read More69% of UK mortgage brokers expect base rate to rise
Interest rates and legislative uncertainty top concerns for UK mortgage brokers A new survey of 300 UK mortgage brokers has found: 69% believe the base rate will be higher than the current level of 4.50% at the start of 2026. 67% expect interest rates and the cost of borrowing to be the single…
Read More1 in 4 Brits Already Locked Out of Homeownership as Stamp Duty Costs Become Unaffordable
Stamp duty reforms could shatter homeownership dreams for the 25,000 first-time buyers racing to beat the deadline David Hannah, Group Chairman of Cornerstone Tax, urges the government to scrap its stamp duty reforms and focus on addressing the wider housing affordability crisis Home buyers across the UK are racing to complete purchases before the 1st…
Read MoreMinister Accepts Supply-Demand Pressures Increasing Rents
In response to comments by Treasury Minister, Emma Reynolds MP, that rental prices “are ultimately determined by the total supply of housing, relative to demand”, Ben Beadle, Chief Executive of the National Residential Landlords Association, said: “The Minister is right. Rents are going up because there are simply not enough properties to meet demand, and…
Read MoreThe Property Redress annual report
50% of cases resolved through early resolution despite 20% rise in complaints, 56% increase in amount awarded for decisions and 31% rise in agency expulsions The annual report on complaints received against their property agent members by Property Redress is released today. In its eleventh year, the report from the UK’s largest lettings redress provider…
Read MoreGlenigan Construction Index: Pockets of regional resilience, do little to offset faltering confidence
The value of underlying work starting on-site during the three months to February decreased 6% and remained 17% below 2024 levels as activity remains relatively stagnant Lowered expectations on economic recovery dent residential construction, with starts down 10% on the preceding three months, slashed by 14% against 2024 figures Non-residential project starts decreased 2% against…
Read MoreZoopla Rental Market Report: Rents rising at lowest level for 3.5 years
Upcoming reforms in the rental market will limit new investment and the number of homes for rent Rents rising at lowest level for 3.5 years as Zoopla warns upcoming rental reforms will continue to limit rental supply Average UK rents for new lets are three per cent higher over the last year, down from…
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