Would a Burnham premiership deepen the North-South housing divide? Property The UK housing market remained subdued in June, as fallout from the Iran war and long-running cost and regulatory issues continued to plague the sector, but as we enter what promises to be a sizzling summer all eyes are on a possible recovery. Specifically, Manchester – from where the King in the North has emerged [...]
House prices stay flat in June as Iran war fallout continues to weaken the market Property UK house prices were flat in June as the conflict in the Middle East and looming political uncertainty continue to subdue consumer confidence. The average price fell £540 in June, hitting £277,484. This was a slight drop from £278,024 the prior month where prices fell 0.6 per cent, according to the latest Nationwide house price [...]
Treasury confirms scrapping of Lifetime ISA but industry questions remain Personal Finance The government has confirmed it is replacing the hotly debated Lifetime ISA with a new product aimed solely at first time buyers, but industry figures are questioning the new framework. In a consultation published on Tuesday, the government confirmed the new product, dubbed the ‘First Time Buyer ISA’, (FTB ISA) will only be available to [...]
Berkeley warns of London housing slowdown in call for ‘political leadership’ from Burnham June 24, 2026 Berkeley has called for “strong political leadership” on housebuilding from potential Prime Minister Andy Burnham as it warned that London is on course to miss its housing targets. The capital’s biggest housebuilder issued a swathe of demands to policymakers, warning that there is “no prospect of material improvement” on housebuilding “without more decisive intervention” from [...]
House prices jump as property market ‘treads water in rough conditions’ June 17, 2026 House prices jumped by 0.7 per cent in April, in signs that the property market is “trading water in rough conditions” as the Iran war spikes mortgage rates. The average UK house price rose to £270,000 from March to April, marking 3.8 per cent year-on-year growth, according to new government statistics. But property experts have [...]
Nationwide fires starting gun on mortgage deals ahead of interest rate decision June 16, 2026 Nationwide has slashed its mortgage rates for the second time in the space of a week, ahead of the Bank of England’s interest rate decision on Thursday. The building society has taken the chop to its home loan prices, with a 0.28 percentage-point reduction. It follows a 0.12 cut on 10 June. The move comes [...]
Real estate firms going bust at record rate as property market slumps June 10, 2026 Real estate companies are going bust at the fastest rate seen in a decade, City AM can reveal, in a further sign that the UK’s property market is taking a battering. As many as 762 real estate-related businesses have become insolvent in the UK since the start of the year, a City AM analysis of [...]
Housebuilder Bellway warns mortgage rate hikes dampening housing demand June 9, 2026 Bellway has said that recent rises to mortgage rates as a result of the Iran war are dampening demand for housing, on top of rising building cost inflation due to the conflict. The FTSE 250 housebuilder said it has seen a “moderation” in customer demand in April and May, bringing an end to a “positive” [...]
No ‘capacity’ for Ed Miliband’s warm homes plan, says British bank boss June 2, 2026 A UK banking chief has warned the government does not have the “capacity” to meet its ambition to transition millions of homes to low carbon-heating technologies. Nigel Terrington, the boss of specialist lender Paragon Bank, said Labour faced an “operational capacity constraint” in its bid to implement its warm home plan. The £15bn initiative, which [...]
Right to Buy has been a huge success, of course the left hates it June 2, 2026 Labour leadership contenders’ claims that Right to Buy is to blame for the housing crisis are absurd, says Ben Hopkinson Last week in a 5,000 word polemic, Tony Blair accused the Labour government of being parked firmly in the party’s ‘soft left’ comfort zone. Perhaps nothing reflects this more than the leadership contender’s short-sighted clamour [...]