Posts by EAN Breaking News
Chancellor intervenes to solve housing crisis
The Chancellor is expected to announce the biggest boost to social and affordable housing investment in a generation, allocating £39 billion over the next decade as part of a new Affordable Housing Programme. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “Rachel Reeves is backing up her planning reforms with the…
Read MoreThe rental boom is over: rental growth cools to four-year low however supply shortages squeeze low-income renters
Average rents for new lets are 2.8 per cent higher over the last year, down from 6.4 per cent a year ago – the lowest rate of rental inflation since July 2021 Supply of homes for rent is 17 per cent higher but still below average resulting in continued strong competition amongst renters on lower…
Read MoreMortgage Lenders and Administrators Statistics – 2025 Q1
Key findings The outstanding value of all residential mortgage loans increased by 1.2% from the previous quarter to £1,698.5 billion, and was 2.6% higher than a year earlier The value of gross mortgage advances increased by 12.8% from the previous quarter to £77.6 billion, the highest new advances since 2022 Q4, and was 50.4% higher…
Read MoreUK Finance later life mortgage lending update Q1 2025
Today, UK Finance has published its later life mortgage lending update for Q1 2025. The report provides a quarterly insight into mortgages taken out by borrowers over the age of 55, the trends in lending, and demographics of those accessing the market. These trends cover mainstream lending to older borrowers, as well as specialist products…
Read MorePlanning authority bias towards large housebuilders
New insight from Searchland and City Sanctuary reveals that large residential developments of 50+ units are far more likely to gain planning approval than smaller schemes, marking a blow for SME developers in what is now being called a ‘wakeup call for policymakers’ and clear evidence of ‘structural bias’. Using Searchland’s internal planning data records*,…
Read MoreAI planning tools will help solve the housing crisis
The Prime Minister, Kier Starmer has announced the launch of ‘Extract’, an AI assistant developed by the Government, alongside Google, designed for planning officers and local councils. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “Local Planning Authorities (LPAs) have been developing digital planning tools themselves, resulting in a sprawling mass…
Read MoreA third of Britons aspire to own buy-to-let properties, new study finds
Nationally representative survey of 2,000 UK adults reveals: 33% want to own a buy-to-let property in the future 60% believe property investment is a good way of building long-term wealth 37% would rather invest in a BTL property over stocks and shares A third of UK adults aspire to own a buy-to-let (BTL) property,…
Read MoreUK house prices growing by 2.5% according to Halifax
Nathan Emerson, CEO of Propertymark: “This slight dip in house prices will likely have been influenced as a direct consequence to the current state of the global economy. There will always be a need for people to move house regardless of international trading relations; however, many aspiring or current homeowners will no doubt be discouraged…
Read MoreUK house prices dip slightly in May, but market remains steady
Average property price now £296,648 compared to £297,798 last month Annual rate of growth slows to +2.5% from +3.2% in April Overall house prices have remained stable so far this year Northern Ireland continues to lead annual price growth in the UK Amanda Bryden, Head of Mortgages, Halifax, said: “Average UK house prices fell by…
Read MoreThe cost of voids rises by £200 for England’s landlords
The latest analysis by Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has found that landlords have been hit with a 26% increase in the cost of void periods in the past year, equivalent to lost income of almost £200. Dwelly analysed average void period data from March 2024 and March…
Read MoreConstruction continues to enjoy a season in the sun
Underlying performance is on the rise during Q.2 2025 Today, Glenigan, one of the construction industry’s leading insight experts, releases the June 2025 edition of its Construction Index. The Index focuses on the three months to the end of May 2025, covering all underlying projects, with a total value of £100m or less (unless otherwise…
Read MoreNew anti-money laundering rules now in effect: what landlords need to know
New anti-money laundering (AML) rules came into effect this month, marking a significant change for landlords and the lettings industry as a whole. The new rules mean financial sanctions checks are now required for all lettings, regardless of how much rent is charged. Here, Steve Bond, managing director of residential lettings for Beresfords, explains what…
Read More£200 increase in void period penalties for landlords
The latest analysis by Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has found that landlords have been hit with a 26% increase in the cost of void periods in the past year, equivalent to lost income of almost £200. Dwelly analysed average void period data from March 2024 and March…
Read More37% of homebuyers see purchases delayed
The latest research by GetAgent Exchange, a new platform enabling agents to monetise out-of-area applicant leads, has found that whilst the majority of homebuyers also have a property to sell themselves, 41% don’t consider selling their current property until having started the viewing process for their new home, at the very least. The survey of…
Read MoreIsle of Wight best sun-seeking hotspot for homebuyers
Isle of Wight ranks as most affordable sun-seeking hotspot for homebuyers The latest research from over-50s property specialists, Regency Living, reveals that in the UK’s sunniest county, homebuyers are paying an average of £835 for every minute of daily sunshine. For some homebuyers, living in a place that offers warm weather and sunshine is a…
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