Illegal immigrant jailed for £250k cannabis farm
Hung Ngo, 35, was jailed for eight months for tending a cannabis farm in Wolverhampton. He was recruited after becoming homeless.
Category : Property Market
Mortgage rate warning as 750,000 households face shock
Average five-year fixed mortgage rate hits 5.91%, highest since October 2023, as 750,000 households face 'huge shock' when deals expire, says Moneyfacts.
House prices fall by £110k in West Midlands' poshest area
House prices in Solihull's B94 postcode fell from £746,000 to £636,000 in the year to July 2026, a drop of £110,000, making it the region's poshest yet most affected area.
Edgbaston homes sell £17k below asking price
Homes in Edgbaston sold for £17,000 less than asking on average over the last year, the biggest gap in Birmingham, analysis shows.
Lloyds Bank issues £685 house price warning to households
Average UK house prices fell 0.2% in August to £298,468, a £685 drop from July, as Lloyds warns of a subdued market ahead.
Chelmsley Wood landlord transforms nan's former pub with £80k investment
Dale Guerin invested £80,000 in The Greenwood, Chelmsley Wood, improving its Google rating from 2.3 to 4.3 stars, honouring his grandmother Judy Stambouly's legacy.
Walsall East house prices plummet £130,000 in a year
Median property values in Walsall East fell from £305,000 to £175,000 in a year, a 42% drop, according to sales figures to September 2025.
Sutton Coldfield homes carry 54% premium near top grammar
Homes near Bishop Vesey's Grammar School in Sutton Coldfield cost £509,964 on average, a 54.1% premium over Birmingham's average, according to Yopa research.
Coventry BS raises mortgage rates as bond yields surge
Coventry Building Society becomes the first major UK lender to raise fixed-rate mortgage prices after Andy Burnham's speech, as bond market chaos pressures funding costs.
One million households face £3,000 mortgage hike if they fail to switch
Over 1 million UK households risk an extra £283 a month on their mortgage if they roll onto SVR after two-year fixed deals end, says Compare the Market.
Care firm to sell Aintree Fire Station after planning row
Best Care Liverpool Ltd is selling the former Aintree Fire Station after a 'difficult and costly' planning process, despite paying £650,000 for the site.
Dorridge house prices fall by £100k near Birmingham
Median house prices in Dorridge, Solihull, fell to £513,500 in the year to September 2025, down from £605,000, making it potentially a good time for buyers.
Black Country sandstone cottage listed at £120k after cut
A Grade II listed 1700s nail-maker's cottage in Halesowen is set for auction at £120,000, reduced from £175,000 after failing to sell. It has planning permission for conversion into a three-bedroom family home.
Burnham confirms £100m mortgage and wills rule change
Andy Burnham's government will press ahead with a £100m stealth tax on law firms, redirecting interest on client money from mortgages and wills to HM Treasury, despite Law Society opposition.
Wolverhampton house prices jump 52% as buyers seek value
Wolverhampton house prices rose 52% in five years, reaching £230,000, as buyers seek affordability near Birmingham, according to new data.
Stoke-on-Trent named Midlands' cheapest place to buy a home
Average house prices in Stoke-on-Trent are just £148,000, around half the national average, making it the Midlands' cheapest place to live, a new study reveals.
Half of UK property markets slower to sell than a year ago
Zoopla data reveals 180 of 363 UK local authorities now take longer to sell homes, with 8 areas requiring 60+ days, despite the national average holding at 42 days.
Birmingham homebuyers lose 49% living space in decade
Birmingham homebuyers now get 49% less living space than a decade ago. Average prices near £300,000 buy just 96 square metres, down from 189 in 2016.
UK house asking prices fall by £7,360 in August
Rightmove reports average newly listed home prices fell 2% (£7,360) to £365,000 in August, the largest drop in eight years, amid subdued demand and mortgage rate concerns.
Birmingham flat for sale from £9k but tenant in place
A Birmingham city centre apartment at Metropolitan House, Hagley Road, is for sale from £9,000 at auction, but a tenant blocks immediate occupation, with rental income of £9,600 a year.
Inquiry calls for new powers to buy closing infrastructure
The South Yorkshire Strategic Infrastructure Inquiry recommends new legislation to let public authorities buy major private assets at risk of closure, citing Doncaster Sheffield Airport's 2022 shutdown.
Gary Neville's firm joins revised plan for 723 flats
Gary Neville's Relentless Developments has joined a revised plan for 723 build-to-rent flats in two towers in Manchester city centre, after the original scheme was blocked following over 130 objections.
ISA Allowance Cut to £12,000: New Rules Hit Savers
From April 2027, the cash ISA allowance drops from £20,000 to £12,000 for under-65s, affecting households with over £10,000 savings. Pensioners keep the £20,000 limit.
Private pension access age could rise to 58
The private pension access age is predicted to rise to 58 by the late 2030s, affecting those born after 1979, according to former pensions minister Steve Webb.
Brum Homes Sell Fastest in West Midlands
Birmingham homes sell fastest in West Midlands at 45 days average; Coventry slowest at 68 days. New data reveals market trends.
750,000 households face £170 a month mortgage increase
750,000 UK households face an average £170-a-month mortgage increase as cheap fixed-rate deals expire, according to the Bank of England and Moneyfacts.
750,000 households face £2,040 extra on mortgage bills
750,000 UK households face mortgage payment increases averaging £170 a month as cheap fixed-rate deals expire, adding £2,040 annually to bills.
Rugby named best Midlands commuter town for affordable homes
Rugby is the best West Midlands commuter town for affordable homes, according to Pepper Money, with average earnings of £41,000 and a favourable price-to-income ratio.
Air con can add £15k to property value, says agent
Adding air conditioning can increase a home's value by 1-3%, potentially £8,184 on an average £270,000 property, according to Curetons' Robin Edwards.
HMRC £56m Lifetime ISA penalty hits 130,000 savers
HMRC has collected £56m from 130,000 Lifetime ISA savers' own deposits via 25% withdrawal penalties since 2018, with total charges exceeding £315m.
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