Plea to landlords to stay calm as buy-to-let loan deals disappear

Landlords are being warned to prepare for a rise in mortgage rates that will force many to sell or create financial misery for their tenants with rent increases. The increases could squeeze hundreds of thousands of homeowners who invested in buy-to-let properties for income in old age. Last week, more than 1,000 mortgage deals were … Read more

Spacious 12-bedroom Grade I Listed country manor goes on the market for £1.5million

A spacious 12-bedroom country mansion, which has been in the same family for nearly 200 years, has come on the market for the first time at £1.5m. Grade I listed Nunnykirk Hall in Northumberland was built in 1825 for the wealthy Orde family, who made their wealth by breeding successful racehorses. The Georgian house was … Read more

Sydney luxury property: Real estate agents tell of run-ins with fake and fraudster buyers

High-end real estate agents are being harassed by fake buyers, including making them test the pool water or fraudulently occupying private islands to use as sex traps. The surge in fictitious buyers has prompted the agent handling the sale of dead fraudster Melissa Caddick’s Sydney mansion to ask for a $10,000 deposit from anyone who … Read more

UK house prices flatline in September as experts predict slowdown will create a ‘buyers’ market’

House price growth slowed to almost flat in September, even before the impact of another interest rate hike was felt, the data show. Property prices were still 9.5% higher in September compared to the same month in 2022, however, figures from the Nationwide Building Society reveal. Real estate agents warned that there could be some … Read more

How the mini-Budget triggered a week of chaos in Britain’s property market

British banks had withdrawn a record 1,000 home loans from the market on Tuesday, more than double the 462 products withdrawn during the pandemic in April 2020, according to Moneyfacts. By Thursday, 1,621 trades had disappeared from the market in the days since the minibudget. Virgin Money withdrew its entire range of products on Monday … Read more

Campaigners query UK government’s ability to identify oligarchs’ assets | Real estate

The British government’s ability to investigate the true ownership of properties has been called into question after investigators found £700m worth of luxury homes previously linked to sanctioned oligarchs are not marked for an asset freeze. The activist group Transparency International UK has identified 33 houses, flats and office blocks in London or Surrey that … Read more