Ryan Bembridge

Toronto

Writer and Journalist at Freelance

Journalist and writer. Editor of @PropertyWire. Formerly editor of Property Investor Post and @mortgagechat Contact: [email protected] 🇬🇧 🇨🇦

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Articles

Welsh government rejects two months’ rent compensation for no fault evictions

2 days ago | propertywire.com | Ryan Bembridge

The Welsh government has rejected a proposal to hand two months of rent relief to tenants issued with no fault eviction, known as a Section 173 notice. The government said giving two months of rent relief would increase the risk of homelessness by persuading tenants to delay securing alternative accommodation. It would also undermine the policy intention of the six month notice period.
Q&A: What do the new 14 May regulations mean for letting agents?

2 days ago | propertywire.com | Ryan Bembridge

Nicola Gifford, general counsel & company secretary, SmartSearchWhy is fraud a big problem in the UK’s property market? The high value of assets in real estate is a huge contributing factor to it being targeted by financial criminals, as are the current conditions of the lettings market which offer an optimum environment for laundering dirty money. 35.2% of the UK population rents property, with the average monthly rent sum being £1,270.
Propertymark calls for agent regulation timetable

2 days ago | propertywire.com | Ryan Bembridge

Propertymark has called for a timetable in which agents will be regulated, after the idea was endorsed in the House of Lords. Lord Best said: “those who would be regulated are as keen on regulation as those consumers who would be protected by it” – alluding to the fact that a number of agents are keen for the sector to be professionalised.
Biodiversity and the preservation of trees in development

2 days ago | propertywire.com | Ryan Bembridge

Alexander Lowe, principal arboriculture & ecology consultant, LanproIn October, a consultation on BS 5837 (Trees in relation to design, demolition and construction) concluded. The responses are currently being reviewed and the British Standards Institute is due to respond by 18 March 2025.
New letting agent rules come into force tomorrow

3 days ago | propertywire.com | Ryan Bembridge

From tomorrow letting agents must check tenants, landlords, and other clients against the UK’s official sanctions list. If they find or suspect a match, they will be legally required to report it to the Office of Financial Sanctions Implementation and freeze any property or assets.
National Federation of Builders: We need skilled workers

3 days ago | propertywire.com | Ryan Bembridge

Richard Beresford of the National Federation of Builders has called for an immigration system that’s strategic rather than political, given the UK’s need for skilled workers. The UK government has published its ‘Immigration White Paper: Restoring Control over the Immigration System,’ which sets out major reforms to the UK’s immigration system. Rico Wojtulewicz, head of policy and market insight for the NFB, said: “The immigration system should be a strategic tool, not a political one.
Buyers get better mortgage deals during process

3 days ago | propertywire.com | Ryan Bembridge

Over three quarters (75%) of homebuyers are being offered improved mortgage deals after they start buying a property, a lawyer has claimed. Simon Nosworthy from Osbornes Law said many buyers are changing their mortgage weeks before completion, as brokers are approaching them with better deals. This process is heightened by the time it takes to sell property. Nosworthy said: “Never in my time as a property lawyer have I seen so many clients change their mortgages during the buying process.
LendlordAI launches to help landlords make decisions

3 days ago | propertywire.com | Ryan Bembridge

Property investment platform Lendlord has unveiled LendlordAI, a suite of artificial intelligence tools designed to support landlords when sourcing deals and managing portfolios.
Mortgage rates declining

3 days ago | propertywire.com | Ryan Bembridge

The cost of the average 2-year fixed rate mortgage has fallen by its biggest margin in six months, the Moneyfacts UK Mortgage Trends Treasury Report has revealed. Average mortgage rates on overall 2- and 5-year fixed rates fell by 0.14% and 0.08% to 5.18% and 5.10% respectively. The typical 2 and 5-year fixed rates were last lower in September 2022 (4.24%) and November 2024 (5.09%) respectively.
Planning reforms and economic growth

3 days ago | propertywire.com | Ryan Bembridge

Lawrence Turner, director, Boyer (an LRG company)In a high profile speech in late January, the Chancellor Rachel Reeves outlined plans to go ‘further and faster’ to deliver the government’s Plan for Change. Her announcement included a commitment to several high profile schemes including the Oxford-Cambridge Growth Corridor, the redevelopment of Old Trafford in Manchester and an increase of housing around transport hubs.