Latest News

Buy-to-let mortgages stable despite overall market slowing

13 November 2019

Latest data has revealed an overall slowdown in mortgages despite the stability in the buy-to-let market with an expected further growth of 1 per cent in the next quarter. Read More...

Council of Dragons to advise Government on proptech

11 November 2019

Housing Minister Esther McVey has unveiled a new expert advisory council dedicated to the digital transformation of the property sector. The new Proptech dragons will advise ministers on how to support and grow the sector further, making it easier and cheaper to plan, build and buy new homes. Read More...

Internal communications lapse led to huge fine for estate agent

07 November 2019

Agents are encouraged to review their internal communications procedures, after a prominent Reading estate agent was fined for failing to disclose that a flat was cladded with Aluminium Composite Material (ACM) until minutes after the sale was completed. Read More...

Housing Minister hails first time buyer numbers - now at 12 year high

Wednesday 16 October 2019

New mortgage data reveals the number of first-time buyers getting a mortgage, and a foot on the property ladder, increased to 35,010 in August 2019.

The number of first time buyers has reached the highest monthly total since August 2007. The figures from UK Finance follow the Ministry of Housing’s own research, revealing 87 per cent of the public would prefer to buy, rather than rent, a home.

It also found 57 per cent of people support the building of new homes in their own community – up from 28 per cent in 2010 – suggesting that a majority of the public is pragmatic about how the shortage of new homes is addressed. 

Housing Minister Rt Hon Esther McVey MP said: “It’s welcome news that first-time buyers have reached a 12-year high.

This government is determined to open up the dream of home ownership - with more houses completed last year than in all but one of the last 31 years.”

First time buyer guides  

Propertymark offers a number of guides with help and information for first time buyers.