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UK Finance response to the Prime Minister’s speech at the NHF Summit

Written by Allen Walkey on - Breaking News -

UK Finance response to the Prime Minister’s speech  at the National Housing Federation Summit, where she announced £2bn of additional funding for housing associations. Jackie Bennett, Director of Mortgages at UK Finance, said: “Today’s announcement provides much needed certainty regarding the government’s commitment to the social housing sector, enabling housing associations and their private funders to plan […]

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Shelter response to the Prime Minister’s announcement at the NHF conference.

Written by Allen Walkey on - Breaking News -

Please see below Shelter response to the Government social housing announcement at the NHF conference. The Prime Minister has announced £2bn for housing associations who enter strategic partnerships with Homes England from 2022 to 2028/9. This is pre-announcing funding for the next Spending Review period. It is not extra homes or extra funding now.  Polly […]

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Government should end stamp duty on certain properties according to RICS

Written by Allen Walkey on - Breaking News -

New figures show that nearly half of respondents to the RICS Residential Market Survey suggest using tax incentives to encourage downsizing, while making changes to Stamp Duty and Council Tax would help thousands more young people realise their dream of owning their own home. A housing tax overhaul including ending stamp duty on certain properties […]

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Two multi-branch agents join OnTheMarket.com

Written by Allen Walkey on - Breaking News -

OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that Townends, a 21 branch estate and letting agency firm, is listing its properties at OnTheMarket.com. Townends – owned by Nick Dunning Associates – was founded 25 years ago and now covers West and South West London, Surrey, Middlesex and North Hampshire. […]

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Transactions in 2018 at their lowest in 5 years according to LSL Property Services/Acadata HPI report

Written by Allen Walkey on - Breaking News -

Latest LSL Property Services/Acadata England and Wales House Price Index report – August 2018 released September 2018 reveals that house price growth remains at 1.8% for third consecutive month. The average home in England and Wales is now worth £303,199, up £5300 on the previous year according to the HPI report. The report reveals that […]

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Rents outside London continue to rise according to Hamptons International

Written by Allen Walkey on - Breaking News -

Latest Hamptons International Monthly Lettings Index report – August 2018 reveals that London rents on newly let homes (i.e. homes advertised on the open market to let) fell for the third consecutive month, down -0.8% year-on-year, however rents on newly let homes in Great Britain excluding London, rose 2.0% year-on-year. Rents on those properties where […]

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Average rents across the UK rose by 0.9% in August according to Homelet

Written by Allen Walkey on - Breaking News -

Latest Homelet Rental Index report – August 2018 reveals that average rents across the UK rose by 0.9% in August 2018 when compared to the same month a year previously. The average monthly rent is now £947 according to Homelet, however they state: when London is excluded, the average UK rental value was £786 in […]

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Sales trends are stabilising across London according to RICS

Written by Allen Walkey on - Breaking News -

RICS Residential Market Survey report – August 2018 published 13th September 2018 headlines ‘Solid housing market in Scotland and Northern Ireland’. The RICS report reveals that regionally, after a sharp fall in activity at the end of last year, current sales trends are stabilising in London. Momentum is still slipping across East Anglia and the […]

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Bank of England confirms bank rate held at 0.75%

Written by Allen Walkey on - Breaking News -

Announcement as of 13th September 2018 – The Bank of England Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to […]

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Strongest remortgaging market in a decade according to UK Finance

Written by Allen Walkey on - Breaking News -

Latest UK Finance’s Mortgage Trends Update for July 2018 released September headlines ‘Residential Remortgaging market sees strongest July in decades’. The update reveals that there were 46,900 new homeowner remortgages completed in the month, The £8.7bn of remortgaging in the month was 26.1 per cent more year-on-year. Commenting on the data, Jackie Bennett, Director of […]

 
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