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UK borrowing costs are set to be cut this week in what could be the first of multiple interest rate cuts in 2025. Pressure is increasing on the Bank of England to resume cutting interest rates amid…

The Property Franchise Group has just announced its trading update for the year ended 31 December 2024, reporting significant organic and inorganic growth during the year with trading expected to be in line with market expectations. Highlights: + Group revenue…

Hull has topped the list as the most affordable city in Great Britain to rent, new data from Rightmove has revealed. The average advertised rent in the city of Hull is £799 per calendar month (pcm), the lowest in Rightmove’s…

Gross mortgage lending rose to £21.4bn in December, up from £20.8bn a month earlier, according the Bank of England’s latest Money and Credit statistics. The data also reveals that mortgage approvals are also on the rise, hitting 66,500 in December,…

From today, leaseholders will no longer be required to have owned their property for a minimum period of two years before being able to make a statutory lease extension claim of a flat. Housing minister Matthew Pennycook last week signed regulations…

Estate and letting agencies are being offered a streamlined alternative to constant phone calls and administrative burdens following the launch of VoiceProp AI, a fully automated call-handling system that operates around the clock. The new product, launched by ModelProp, functions…

North Residential has opened a brand new office in Pocklington. The estate agency, headquartered in Harrogate, was established in late 2022 when the Knight Frank team in the town rebranded. The new office at 70 Market Street is…

Jeff Fairburn Avant Homes is planning a round of redundancies at its regional office, which covers South Yorkshire, Derbyshire, North Nottinghamshire and Lincolnshire. Avant Homes, which is headed up by former Persimmon chief Jeff Fairburn, was purchased in 2021 when…

The UK lettings industry is facing a significant regulatory shift with new financial sanctions legislation set to take effect on 14 May. Letting agents will soon be classified as ‘relevant firms’ under financial sanctions regulations, introducing new compliance obligations designed…

The latest Nationwide House Price Index has just been released, revealing a softening in the annual rate of house price growth to 4.1% in January, compared with 4.7% in December. House prices are up 0.1% month-on-month, while there is little…