Rachel Reeves eyes boost for first-time buyers with mortgage reforms Economics Rachel Reeves will today unveil a fleet of reforms in a bid to boost home ownership as she plans to slash ‘financial red tape’. Speaking in Leeds ahead of her Mansion House address, the Chancellor will announce plans for the Prudential Regulation Authority (PRA) to increase high loan-to-income mortgages (over 4.5 times a buyer’s income) [...]
Property transactions falter despite rise in number of homes available Property Homebuying in the UK slowed in April after the end of the stamp duty holiday, despite an uptick in the number of properties available. The number of UK residential transactions in April 2025 was 64,680, 28 per cent lower than April 2024 and 64 per cent lower than March 2025, according to official statistics. Estate agents attributed [...]