Estate Agent Today provides daily industry, Estate Agency, Property Market, Housing, Moving Home and Online Estate Agent News updates for the UK's letting agent community.

2 days ago · Fast growing home buying platform OneDome claims it will have 200 advisers by the end of 2025. It’s added 10 new mortgage advisers over the last two months bringing the total number of brokers within the group to 87, and reinforcing OneDome’s commitment to scaling its mortgage services through both organic growth and strategic acquisitions. OneDome is actively recruiting and acquiring ...

2 days ago · New research reveals optimism among brokers about the future of the UK mortgage sector – despite a challenging economic backdrop, including stamp duty rises and falling rents. The Nottingham Building Society found that 82% of mortgage brokers report feeling more positive about the sector’s prospects now compared to the start of 2024. This optimism is further bolstered by nearly four in ...

Mortgage rates remain at unexpectedly high levels, which means many buyers are not seeing significant affordability improvements. That’s the warning from Rightmove. Its weekly mortgage tracker shows that the average five-year fixed mortgage rate is now 4.75% compared with 4.78% at this time last ...

It’s going to be a busy and exciting 2025 according to a leading industry organisation. The share of mortgage business conducted through intermediaries will rise from 87% in 2024 to 89% in 2025 and 91% in 2026. That’s the view of a new report from the Intermediary Mortgage Lenders Association (IMLA).

The mortgage sector has reacted positively to the latest house price data. The Halifax says UK house prices finished 2024 up 3.3% over the past year, with the average house price now at £297,166. Prices actually fell back slightly in the single month of December, by 0.2%, following five consecutive monthly increases.

What do these mixed messages mean? Mark Harris – chief executive of mortgage broker SPF Private Clients – says: “Swap rates have been mostly trending upwards since mid-December as the outlook suggests fewer rate cuts this year than previously thought. Despite this, a number of lenders including Halifax, HSBC and Leeds Building Society have made significant reductions to their fixed rates ...

A broker has released internal data to give a snapshot of the year’s mortgage market. Mojo Mortgages says 2024 has been a transformative year, marked by significant changes. While the sector saw the first drop in the Bank of England’s base rate since March 2020, many homeowners faced increased payments as previous fixed-rate deals …

Media reports over the weekend suggest that UK financial regulators have proposed allowing banks to lend more mortgages to first-time buyers with smaller deposits and lower incomes. This is a bid to kick-start growth in the economy, in response to a government call for more risk-taking by regulators to boost spending. This could even lead to the relaxation of limits on riskier mortgage lending ...

Corporate lobby groups have told the government that higher minimum wage payments, higher National Insurance payments and threshold changes, plus ongoing inflationary worries have hit investment possibilities. Rightmove’s expert Matt Smith says: “The short term impact is that mortgage rates are likely to rise, as the cost of borrowing increases impacts lenders. However, this is unlikely to ...