More than 1.5 million properties are branded as too risky for a standard mortgage by high street lenders, new research suggests. Failure to fit traditional loans criteria means this huge number of homes, which represents 6% of the total, are said to be ‘unmortgageable’, according to specialist lender Together. Application rejected Thatched cottages, high rise…
Demand for flats is weakening at the same time as supply is rising, as landlords sell up ahead of rental reforms and buyers choose larger homes, pushing more apartments onto the market and putting downward pressure on prices, Hamptons’ data shows. A total of 73% of first-time buyers now purchase houses rather than flats, up…
The use of AI has exploded over the past two years, with tools like ChatGPT and Copilot firmly established as part of our everyday business and personal lives. There’s no denying the many benefits of AI tools. But if you’re an estate agent, how much should you rely on them in your content marketing –…
Bank of England ratesetters are expected to hold the Bank Rate this week, with economists agreed it is the likely outcome. The Bank’s Monetary Policy Committee (MPC) announces its latest decision on Thursday with some members in favour of a rate rise. Last month, the Bank held interest rates at 3.75% again, but three members…
Clients increasingly charged for AML measures, according to research Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
Chief economist Robert Gardner has provided his analysis of the latest figures, while leading voices from across the property industry have weighed in with their reactions to the new data Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
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