Posts by Allen Walkey
Growth in mortgage lending continues to be driven by remortgaging according to UK Finance
UK Finance latest Household Finance Update – June 2018 reveals that estimated gross mortgage lending for the total market in June is £23.5bn, 2.1 per cent higher than a year earlier. The number of mortgage approvals by the main high street banks in June fell by 2.1 per cent compared to the same month a…
Read MoreDiscounts have stabilised in London and the adjacent commuter areas according to Hometrack
Latest Hometrack UK Cities House Price Index report – June 2018 published today reveals UK city house price inflation 4.6% year on year ranging from +7.6% to -2.8%. Manchester is registering the highest annual growth rate (7.4%), followed by Liverpool (7.2%), Birmingham (6.8%) and Leicester (6.5%) according to Hometrack. The report states: 3-month growth rate…
Read MoreResidential property transactions decrease between May and June this year according to HMRC
Latest update of monthly property transactions completed in the UK with value of £40,000 or above published from HM Revenue and Customs 24th July 2018. HM Revenue and Customs – UK Property Transactions Count – June 2018. The provisional seasonally adjusted UK property transaction count for June 2018 was 96,340 residential and 9,710 non-residential transactions.…
Read MoreFirst-time buyers now driving housing activity according to Lloyds Bank Homemover review
The number of people moving home has dipped in the first half of the year and now account for only around half (49%) of the housing market – the first time homemover numbers have fallen behind first-time buyers since 1995, according to the latest Lloyds Bank Homemover Review. The Homemover review reveals that there were…
Read More55% of families trapped in temporary accommodation are working
New research released by Shelter’s social housing commission shows 55% of families trapped in temporary accommodation are working. That’s equivalent to more than 33,000 families. This has increased by 73% since 2013. This story comes as the government is set to release a green paper on social housing next week. The trend in ‘working homelessness’…
Read MoreThe average UK monthly rent is now £924 according to Homelet
The latest Homelet Rental Index report – June 2018 reveals that average rents across the UK rose by 1.8% in June 2018 when compared to the same month a year previously, the average monthly rent is now £924. Rents in London increased by 4.7% in June 2018 than in the same month of 2017, the…
Read MoreUK Finance publishes its annual largest mortgage lenders data for 2017
UK Finance has now published its annual largest mortgage lenders data for 2017, which you can find at UK Finance. In addition, they have published a short accompanying blog analysing the underlying trends revealed by the data, including the growth in lending by challenger and specialist lenders. Following the FCA’s Mortgage Market Study, this data shows a picture…
Read MoreLandlords back call by Parliamentary committee’s fire safety plans
News release from Residential Landlords Association (RLA) Landlords are welcoming a call by a Parliamentary committee for the Government to fund certain fire safety improvements in privately owned residential blocks. In its report responding to the Hackitt Review into building and fire safety, the Housing, Communities and Local Government Select Committee recommends that the Government…
Read MoreModest house price growth in London for first time since January according to LSL.
Latest LSL Property Services/Acadata England & Wales House Price Index – June 2018 released July 2018 headlines ‘Average house price in England & Wales in June stood at £303,960’. The report reveals that average prices in England and Wales were slightly down in June, falling by 0.2% from May, although this is a smaller decline…
Read MoreUK housing sales remain subdued according to RICS
Latest RICS UK Residential Market Survey published 12th July 2018 headlined ‘UK housing sales remain subdued as rent expectations continue to heat up’. The RICS survey reveals that: significantly, over the month, newly agreed sales have recorded the sixteenth successive month of continued decline, with 7% more respondents reporting a fall in agreed sales. The…
Read MoreNumbers of rented homes owned by companies continues to rise according to Hamptons International
The latest Hamptons International Monthly Lettings Index – June 2018 published July 2018 headlines ‘Proportion of rental homes let by company landlords reaches new high’. The report reveals that the proportion of homes let by a company landlord rather than an individual rose to 18% in H1 2018, the highest proportion since our records began…
Read MoreUK house price growth to remain moderate according to PWC
House price growth to remain moderate across UK according to recent press release from PWC, however house prices in London are projected to fall in the short-term, down by 2% in 2018 from 2017. In their report the PwC state that average UK house price estimated to rise from £221,000 in 2017 to around £285,000…
Read MoreRLA highlights that vast majority of private sector landlords do a good job
The Residential Landlords Association (RLA) comments on the English Housing Survey report for 2016/17 published 12th July 2018. A large majority of private sector tenants, 84 per cent, are satisfied with their housing according to the English Housing Survey report for 2016/17. Satisfaction rates are higher in the private rented than the social rented sector…
Read MorePre-Summer boost for mortgage market according to UK Finance
Latest UK Finance Mortgage Trends Update for May 2018 headlines ‘Mortgage Market Sees Pre-Summer As Remortgaging Continues Strong Upward Trend’. The latest UK Finance Mortgage Trends Update reveals there were 32,200 new first-time buyer mortgages completed in the month, 31,100 new homemover mortgages completed in the month, 36,000 new homeowner remortgages completed in the month, …
Read MoreProperties having prices reduced whilst on the market at highest level for 6 years according to Home.co.uk
Latest Home.co.uk Asking Price Index report- July 2018 headlines ‘Price Cutting Nears 6-Year High’. The report reveals that home prices are basically static overall, rising a mere 0.1% this month. The total number of properties having their price reduced whilst on the market at highest level since Oct 2012. According to Home.co.uk the number of…
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