Posts by Allen Walkey
NLA response to DCLG’s new regulations
The National Landlords Association (NLA) responded yesterday to the Department of Communities and Local Government’s (DCLG) new regulations, which are due to come into force on 1 October, they will introduce new obligations on landlords to provide specific information to their tenants, and restrictions on the use of the section 21 notice no fault possession…
Read MoreGreater powers when tackling rogue landlords
The London Mayor wants greater powers to deal with so called rogue landlords who rent out property to tenants in the capital, Richard Blakeway the lead for housing to the Mayor is calling for additional powers for local authorities when dealing with these rogue landlords, including the ability to impose minimum fines. These demands made…
Read MoreInterim results for Belvoir Lettings
Belvoir Lettings PLC, one of the largest lettings franchises in the UK announce their interim results today for the six months ended 30 June 2015. The Belvoir network currently stands at 166 outlets having introduced 5 new franchisees to the network in the last 6 months, they also say that there is a stronger pipeline of…
Read MoreBarratt Devs post great set of numbers.
Barratt Developments report a great set of full year figures, their profits up 44.8% at £565.5 million and their shares are up 74.5% this year. Following a year of excellent progress Barratts today posted their Annual Results for the year ended 30 June 2015, the highlights are: Significant increase in housing completions with the Group…
Read MoreBOE report on UK residential loan value
The Bank of England and Financial Conduct Authorit’s Mortgage Lenders and Administrators Statistics report revealed on tuesday that the overall value of residential loans was £1,272bn in the second quarter, the value of UK residential loans rose 1.8% in the second quarter compared to a year ago, with growth in first time buyers and buy-to-let…
Read MoreCala Group reports soaring profits.
Cala Group house builders have announced announced a near-doubling of pre-tax profits to a record £50.9million for the year to June 30, the group who target the relatively affluent areas of the UK saw revenue soar by 79% to £511.6million, the company reaped the rewards of the first full year of a new strategy to…
Read MoreUK’s FTB’s facing toughest conditions
According to an ING International Survey on Homes and Mortgages, first time buyers in the UK are facing some of the toughest conditions across Europe, the survey of over 15,000 people across 15 countries revealed. The study found that more than half of people in Europe see house prices rising over the next year, this…
Read MorePrisoners to their mortgage
Many interest only mortgages are fast reaching the end of their term, those mortgage holders who have not made plans as to how the original sum borrowed will be paid off could face repossession at the worst, nearly a million people are in such a situation because they have interest-only mortgages they just cannot pay…
Read MoreEssex appeal to house buyers outside of county.
The Essex appeal remains strong as the majority of buyers of property are now moving in from outside the county, in fact new data from Beresfords Estate Agents reveals that figure to be about 60% of the total number of home buyers in Essex. The strength of demand in Essex is supported by numbers of…
Read MoreProperty purchase stats for over 55’s
Research by Insurers Prudential says that its figures suggest that involvement by householders currently over the age of 55 will account for more than three million property transactions, worth a total of more than £775 billion. Investing in property remains popular with the over 55’s says the insurer, the average maximum purchase price for their…
Read MoreCharity report on suffering tenants
Shelter the Housing Charity has reported that in the past year over 17,000 tenants have contacted them complaining about landlords who have abused, threatened, assaulted and harrassed them. In a survey by the charity, of 3800 adults questioned 60 claimed their landlords had been abusive to them or another tenant over the last 12 months.…
Read MoreBank of England figures for July
Bank of England figures published yesterday showed that UK mortgage approvals rose in July to their highest level since February 2014, numbers were up by 16.4% to 68,764, this is in contrast to the number of mortgage approvals falling throughout 2014. Mortgage approvals have risen in five of the past seven months, this trend is…
Read MoreIncrease in supply of rental housing
In their monthly private rented sector report for July the Association of Residential Letting Agents noted an increase in the supply of rental housing, however the demand dipped. A third of ARLA agents expect supply to continue to increase over the next five years, rent increases last month were seen by two fifths of letting…
Read MoreBetter returns with HMO buy-to-let
When it comes to calculating the return on a BTL investment, the HMO buy-to-let far outweighs that of the standard buy-to-let, analysis from Platinum Property Partners suggests that even if the interest rate were to increase by 3% a HMO investment would still be profitable. Steve Bolton, Chairman of Platinum Property Partners, reportedly said: “Not…
Read MoreRise in remortgage applications
Remortgage applications are on the increase that is according to the most recent figures from the Mortgage Advice Bureau (MAB), many homeowners who bought properties more than five years ago are now taking advantage of the increase in the value of their home by releasing cash by way of remortgaging, in many cases to bridge…
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