Josh Kenmore

🏘️ What happened in the property market during Q2? 🏘️    Our Connells Group Market Report for Q2 2025 revealed some encouraging trends in buyer behaviour following the stamp duty changes at the end of Q1.     What we saw:  👉 Buyer registrations grew by 6.8% (June 2025 vs March 2025)  👉 Buyer offers increased by 0.9% quarter-on-quarter  👉 A marginal 0.9% year-on-year decrease in total applicants registered     While we saw a slight softening in year-on-year applicant numbers, the quarter showed consistent month-on-month growth in buyer registrations. By June, registrations were sitting 6.8% higher than at the end of Q1. Added to that, buyer offers continued to climb even after the stamp duty changes, suggesting ongoing confidence in the market fundamentals. These metrics point to a resilient property market where serious buyers remain active and engaged.     Want to understand more about the UK property market? Read our complete Q2 2025 Connells Group Market Report for the full analysis 🔗➡️ https://lnkd.in/e9YKUpFW #UKProperty #HousingMarket #ResidentialSales #MarketInsights Chris Rosindale

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Close Brothers Property Finance (CBPF) marks 50 years of lending to SME housebuilders by outlining plans to grow and diversify its loan book. Since 2020, CBPF has lent more than £5.1 billion and has grown its loan book to almost £2 billion. The business intends to increase facility sizes and further diversify the loan book weighting to include more Purpose Built Student Accommodation (PBSA) and Build to Rent (BTR) lending. To support the evolving needs of the market, 2025 saw the launch of a new Structured Finance team led by Chiara Caldwell. The new team will facilitate the expansion into the fast-growing BTR and PBSA sectors, helping SME developers gain a foothold in these increasingly competitive areas. CBPF is currently supporting the development of over 7,350 new homes across the UK. Landmark transactions over the past year include the lender’s first multi-site Revolving Credit Facility (RCF) of £38 million to support Fernham Homes deliver more than 400 new homes across six sites; a £48 million loan to fund 213 homes in Brent Cross, part of one of Europe’s largest regeneration projects, and a £44 million facility to Select Property to support 266 new build-to-rent (BTR) homes in Birmingham. https://lnkd.in/eP4_kBF6

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🚇 #Mortgage brokers have discredited a claim that Tube drivers cannot afford to buy a house in London on their £72,000 salary. A rail #union boss said on Wednesday that many underground workers are striking because they are unable to get on the #property ladder in the capital. When RMT chief Eddie Dempsey was asked if £72,000 was a good salary, he told Times Radio: “Well you can’t afford to buy a house in London, even on £72,000.” But experts have told The Telegraph that “£72,000 is a strong salary to be working with in today’s market”. Chris Sykes, of brokerage MSP Financial Solutions, said a buyer on this salary could potentially afford a £480,000 house – meaning they could buy in several locations from Fulham to Finsbury Park. Read the full story ⬇️ https://lnkd.in/g2ianenY

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Later living developer-operator Pegasus Homes has secured new debt financing for its rental strategy and a new £32m loan for its ‘for sale’ stock from Barclays UK Corporate Bank and Leumi UK respectively. https://lnkd.in/eDQzf48e

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Today, the CLC is supporting the launch of Project 28: A Charter for faster, more certain property transactions. A working group of 23 of the UK’s leading mortgage lenders, brokers, estate agents, conveyancers, and property data providers have come together to formulate an ambitious blueprint for change. Its aim is to reduce the time from sale agreed to exchange to just 28 days by offering practical solutions to improve and accelerate how we buy and sell homes. Sheila Kumar, Chief Executive of the CLC, says: “It is great to see industry groups coming together to make these kinds of vitally needed improvements to the delivery of conveyancing. “Current protracted timescales and the proportion of failed transactions, at around one quarter of all sales subject to contract, are unsustainable, wasting time and money and causing huge uncertainty and stress. “Initiatives such as Charter 28, and the work of the Digital Property Market Steering Group to transform the process, deserve the support of all in the industry, from estate agents and mortgage lenders to surveyors and of course conveyancers. “The CLC looks forward to seeing the impact of Charter 28.” You can find out more about the Charter, including details of how to sign up and show your support, here https://zurl.co/jqd9A #Project28 #PropertyTransactionsCharter #PropertyTransactions

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Local entrepreneurs Caroline and Chris Jones, owners of the historic Ashburnham Hotel in Burry Port, Wales, see an exciting new chapter ahead for this popular community hub. After securing a commercial mortgage, they’ve made plans to: ✨ Expand facilities for weddings and community events 👥 Create up to 10 new local jobs 🔧 Refurbish of the popular venue, known locally as “The Ash” A real boost for local tourism, heritage and community spirit. Read more about this story here: https://spkl.io/6043AMeeP #NatWestCymru #HospitalityInvestment #Carmarthenshire #CommunityImpact #TourismWales #TheAshburnhamHotel Huw Simpkins

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