Breaking News
Average 5-year fixed mortgage rate dips below 5%: Rightmove’s weekly mortgage tracker
This week, the average five-year fixed mortgage rate dips below 5% for the first time since the beginning of May. Headlines The average 5-year fixed mortgage rate is now 4.99%, down from 5.68 % a year ago The average 2-year fixed mortgage rate is now 5.37%, down from 6.17% a year ago The average 85%…
Rightmove
Breaking Property News – 03/07/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Movemnt launches exclusive partnership with LMS Movemnt, the national home transaction infrastructure for all property professionals has announced an exclusive partnership with LMS, the UK’s leading provider of conveyancing services. The partnership leverages LMS’ panel of 4,000 law firm partners and innovative technology solutions,…
Andrew Stanton
Record rents as 120,000 rental homes needed for normal price growth
Average advertised rents have reached another new record of £1,316 per calendar month outside of London, and despite the pace of rent growth easing, are now 7% higher than last year In London, average rents are now £2,652 per calendar month Rightmove’s analysis shows that approximately 120,000 more rental properties are needed on the…
Rightmove
Leasehold and Freehold Reform Act Replaces Certainty with Uncertainty
According to members of the Association of Leasehold Enfranchisement Practitioners (ALEP) “This Act leaves more uncertainty than certainty,” said a member of Association of Leasehold Enfranchisement Practitioners (ALEP) in a recent member poll on the effectiveness of the legislation. Initially announced in last November’s King’s Speech and concluded in the pre-election ‘wash-up’ of parliamentary Bills,…
EAN Breaking News
Breaking Property News – 02/07/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Climate X raises £14m to predict climate risks on real estate assets UK – Climate risk intelligence company Climate X has raised $18 million to accelerate its global expansion and help the world’s leading financial organisations price the impact of climate change across their physical asset portfolios….
Andrew Stanton
Breaking Property News – 01/07/24
Daily bite-sized proptech and property news in partnership with Proptech-X. New State of Physical Access Control Report from HID HID, a worldwide leader in trusted identity and physical access control solutions, announces the 2024 State of Physical Access Control Report, identifying five key trends that are shaping the future of access control. Produced by…
Andrew Stanton
Renters and Landlords Face Uncertainty Amid Silence From Parties on Housing Benefits Crisis
Millions of people living and working in the private rented sector face chronic uncertainty due to a failure by the main political parties to provide clarity on housing benefit rates. Over 1.5 million households renting privately in Britain receive Universal Credit with support for their housing costs, known as the Local Housing Allowance (LHA), included….
EAN Breaking News
UK house prices currently 8% over-valued but on track to be 1.5% higher by the end of 2024
House price inflation is flat at 0% in May 2024 but UK house prices are on track to be 1.5% (£3,900) higher by the end of 2024 UK house prices are currently 8% ‘over-valued’ but will be ‘fairly valued’ by the end of the year due to rising incomes House prices rising across all areas…
EAN Content
Breaking Property News – 27/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Simon Whale joins Made Snappy 360’s Board of Directors Press Release London 27/06/2024 Made Snappy 360 announces the appointment of Simon Whale to its Board of Directors. Simon brings a wealth of industry expertise and leadership to the position, enhancing the company’s strategic vision and operational capabilities, particularly…
Andrew Stanton
Rightmove’s weekly mortgage tracker + reaction to rate cuts
Matt Smith, Rightmove’s mortgage expert said: “Mortgage rates this week have slightly reduced compared to last week, as lenders are starting to respond to recent positive news about the UK economy and the prospect of the first base rate reduction later in the summer. As we’ve seen some high-profile rate cuts from high street lenders this…
Rightmove
Breaking Property News – 26/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Roome founders fix University lettings problem Having met 1,000 proptech founders, critiqued over 400 decks, worked with 120 founders as clients and written six million words on the digital transformation of real estate, it takes a lot to get me excited as I have…
Andrew Stanton
Breaking Property News – 25/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Analysis shows 25% of voters think Governments fudge housing question Press Release London June 2024 Joint research by leading property website Zoopla and Ipsos has revealed that just a quarter of voters agree with the statement that ‘the political parties pay a lot of…
Andrew Stanton
Breaking Property News – 24/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Inventory Reporting Software on the Cheap Cheap! Increasingly the wisdom of the expert human seems to be outgunned by our artificial friends who seem to know instantly the answer to all of our questions. With Bard (Google Deep Mind), GPT-4 & Codex (OpenAI), Claude…
Andrew Stanton
Average first-time buyer mortgage payment up 61% since last election
Rightmove’s latest first-time buyer study highlights that the average first-time buyer mortgage payment has risen by 61% since the last election year of 2019, from £667 to £1,075 per month as rates remain elevated The average first-time buyer mortgage payment has significantly outpaced wage growth, which is up by 27% over the same five-year period…
Rightmove
Third of Private Renters Are Struggling to Afford Their Rents Says New Research
Over a third of all private renters are finding it difficult to afford their rent according to new research out today. Whilst overall 35 per cent of renters said they were finding it difficult or very difficult to afford their rent, this proportion increased to 56 per cent for those not in work due to…
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