Scotland’s £10,000 deposit scheme faces affordability concerns
Scotland’s newly launched First Homes Fund, which offers first-time buyers £10,000 towards property purchases, will not resolve underlying housing market challenges, according to a lender participating in the scheme. The…
Five properties near swimming venues listed across UK
Five residential properties located near public swimming facilities across England and Scotland have been listed for sale, with prices ranging from £650,000 to £6.45 million. In Plymouth, Devon, a Grade…
Saudi Arabia launches freehold map for foreign investors
Saudi Arabia has introduced a digital freehold map identifying geographic areas where foreign nationals may purchase property, marking a significant development in the Kingdom’s real estate market liberalisation. The official…
Developer secures £18m refinancing for Edinburgh student scheme
Student accommodation developer Danehurst has completed an £18 million refinancing of The Pepper Mill, a 155-studio purpose-built student accommodation (PBSA) development in Bonnington, Edinburgh. Secure Trust Bank Real Estate Finance…
Knight Frank enters redundancy consultation process
Knight Frank has initiated a redundancy consultation affecting less than 3% of its UK workforce, despite posting a 6.3% increase in annual revenues. The agency confirmed the consultation is underway…
Kent letting agent fined £15,000 for client money breach
A Kent-based letting agency has paid a £15,000 civil penalty after operating without required client money protection, highlighting ongoing enforcement of regulations designed to safeguard landlord and tenant funds. Homelet…
£2.95m bridging loan funds Liverpool apartment development
District & County Investments has provided a £2.95m net bridging facility to support a brownfield regeneration project in Liverpool city centre, which will deliver more than 150 apartments upon completion.…
Proptech firm launches service to speed property sales
Proptech company iamproperty has introduced a new service designed to accelerate property transactions by preparing documentation earlier in the sales process, ahead of anticipated government reforms to homebuying procedures. The…
Estate agents shift focus to buyers as market rebalances
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Government proposes First Time Buyer ISA to replace Lifetime ISA
The government has published consultation proposals to replace the Lifetime ISA with a new First Time Buyer ISA, removing the retirement savings component and withdrawal penalties that have attracted criticism…