Asking prices suffer biggest August fall since 2018

The average asking price of a newly listed home fell by 2% in August, the largest reduction recorded for the month since 2018, latest Rightmove data reveals. The £7,360 monthly decline took the national average to £364,999, leaving asking...

Latest news

Landlords exploit softer market with lowball offers

More than half of buy-to-let investor offers were at least 10% below the original asking price in July as landlords used their chain-free position...

Instamo launches automated post-submission mortgage tool

Instamo has launched FastAdmin, a post-submission automation service designed to reduce the administrative work involved in progressing mortgage applications. The system connects lender platforms with...

HMLR and OS data tie-up targets faster property transactions

HM Land Registry (HMLR) and Ordnance Survey (OS) have agreed a three-year collaboration intended to create a more connected and digitally enabled property market. The...

FCA bans CEO over fake €200m bond portfolio

The Financial Conduct Authority (FCA) has fined and banned two former Blue Horizon Asset Management (BHAM) executives after finding they used false and misleading...

Pivotal reports 121% growth in second charge lending

Pivotal has reported a 121% year-on-year increase in second charge lending through its Believe Loans team, significantly ahead of wider market growth. Believe Loans joined Pivotal in September 2025 following the group’s acquisition of Believe Money Group. UK Finance data...

ModaMortgages trims limited-edition five-year fixed rates

ModaMortgages has reduced rates by up to 10 basis points across its limited-edition five-year fixed buy-to-let range. The specialist lender's products, which carry no application or valuation fees, now start at 5.04% for single-dwelling properties. Rates for houses in multiple...

Providence agrees deal to acquire Hometrack

Providence Equity Partners has agreed to acquire Hometrack, the residential property valuation and risk data provider, for an undisclosed sum. Hometrack supplies digital valuation technology and property risk data to financial services companies, property investors and insurers in the...

The Coventry cuts fixed rates by up to 20bps

Coventry for intermediaries has reduced every fixed-rate mortgage in its range, with lower rates available to new and existing customers. The lender has cut rates by up to 20 basis points. Its revised residential range includes a 5.17% two-year fixed-rate...

PROFILE

Toni Smith on the human factor and the fourth emergency service

After nearly four decades in financial services, Sesame Network distribution director Toni Smith still believes technology should make advisers stronger, not replace them. When Toni...

INDUSTRY COMMENT

Leasehold reform has a September window – will Burnham use it?

At the time of writing, the Commonhold and Leasehold Reform Bill still has no published First Reading date.  But is it imminent? Andy Burnham entered...

Advisers need an answer for evolving landlords

It’s a tough time to be a landlord. The succession of changes to tax and regulation made in recent years - with the Renters’...

AI doesn’t remove bias. It gives us the chance to manage it

One of the great promises of artificial intelligence has always been objectivity. Machines, unlike people, do not have bad days. They do not favour...

Q&As

BUY-TO-LET

StrideUp cuts HMO and MUFB finance rates and raises broker fees

StrideUp has reduced rates across its houses in multiple occupation (HMO) and multi-unit freehold...

Regional divide reshapes landlord investment plans

Landlords are reassessing where they invest as regional differences in yields, arrears and void...

Accord cuts selected mortgage rates by up to 0.18%

Accord Mortgages will reduce selected residential and buy-to-let mortgage rates by up to 0.18%...

Paragon refreshes buy-to-let range with rates from 3.55%

Paragon Bank has refreshed its buy-to-let mortgage range, introducing rates from 3.55% and products...

Marsden passes £100m Guernsey lending milestone

Marsden Building Society has surpassed £100m in mortgage completions in Guernsey through its partnership...

Landbay cuts buy-to-let rates and expands specialist range

Landbay has cut rates by up to 0.35% across its Premier, Core and Specialist...

HSBC lowers residential and buy-to-let mortgage rates

HSBC UK will reduce rates across a range of residential and buy-to-let mortgages from...

FIRST-TIME BUYERS

RICS: Mortgage costs keep housing market subdued

The UK housing market remained subdued in July as buyer demand and agreed sales struggled to regain momentum, the latest Royal Institution of Chartered Surveyors (RICS) residential report reveals. New buyer enquiries recorded a net balance of -28%, unchanged from June but improved from the...

Remortgage searches rise 7% in July

Residential remortgage searches increased by 7% during July as purchase and buy-to-let activity weakened,...

Affordability blocking housing recovery

Improving confidence is encouraging buyers back into the housing market but affordability remains the...

Mortgage rate reversal wipes out July cuts

Average mortgage rates increased during July, reversing the reductions recorded a month earlier, according...

House price growth slows to 0.1%: Lloyds

UK house prices remained unchanged in July as higher mortgage rates and global economic...

OPINION

Commonhold reform: Devil in the detail

The government's language on leasehold reform remains forthright. Ministers speak of, “bringing the feudal leasehold system to an end,” of returning power to homeowners...

Managing cashflow and risk in today’s turbulent market

Over the past decade buy-to-let landlords have become accustomed to operating in a market...

Is there such thing as a ‘typical borrower’ anymore?

What is a typical borrower? A few decades ago, it would have been a...

Private credit has reached its next stage of maturity

Every lending market experiences moments that prompt uncomfortable questions. A high profile default, allegations of poor governance or a significant loss inevitably lead to soul searching. Credit committees revisit assumptions, investors reassess risk appetite and commentators question whether the market has become too complacent. These...

Your clients aren’t being stolen… they’re being handed over

Let's be honest about something the industry won't say out loud. Lenders going direct aren't the problem. Brokers are. Every year the same conversation happens....

DISTRIBUTION

GB Bank joins Mortgage Advice Bureau lender panel

Mortgage Advice Bureau has added GB Bank to its lender panel, giving its advisers...

TPFG financial services revenue rises to £13m

The Property Franchise Group (TPFG) increased financial services revenue by 10% to £13m during...

Stonebridge overhauls protection sourcing platform

Stonebridge has redesigned the protection sourcing journey within its Revolution adviser platform to support...

MortgageMatch launches AI-ready broker directory

MortgageMatch.org has launched a consumer-facing platform designed to make finding and comparing mortgage brokers...

TMG adds Handelsbanken to mortgage lender panel

TMG Mortgage Network has added Handelsbanken to its lender panel, giving advisers access to the bank's relationship-led mortgage proposition and UK branch network. The agreement, effective from 3 August 2026, broadens the range of options available to TMG advisers working with borrowers whose circumstances may...