Posts by Allen Walkey
Changes to planning system in Britain,
Changes to the planning system in Britain will be part of a 90 page blueprint called Fixing the Foundations, Creating a more prosperous Nation, which will be unveiled today in Birmingham by George Osborne and business secretary Sajid Javid. These changes to Britains planning laws will be the centrepiece of what Treasury officials say are…
Read MoreShelter report on rent caps
The idea of capping rents would make life harder for tenants is a warning coming from the Housing Charity Shelter, this follows on from a report commissioned by them, researchers from the University of Cambridge said in that report that hard rent controls would remove landlords incentive to invest in their properties leading to poorer…
Read MoreTrading update from Barratt Developments
SHARES in housebuilders and estate agents dropped yesterday as the Chancellor announced plans to curb the booming buy-to-let sector by cutting tax relief. George Osborne announced in his summer budget that the amount landlords can claim on mortgage interest payments will now be set at the basic rate of income tax, currently at 20 per…
Read MoreMartyn Baum appointed president of NAEA
Martyn Baum has been appointed President of the National Association of Estate Agents, taking over from outgoing president Simon Gerrard, the ceremony took place at London’s Savoy Hotel. Martyn who was born in Loughborough started out his career in property at the age of 16 as a trainee at John German, he then went on…
Read MoreHalifax report house price surge in June
According to the Halifax UK house prices picked up in the last quarter after two successive falls, with an unexpected month-on-month surge in June pushing the annual rate to 9.6%, the Halifax house price index showed prices jumped by 1.7% between May and June, the fourth consecutive monthly rise, this is contrary to other ecent…
Read MoreBudget time again
The budget that will be announced today by George Osborne will be the first all-Conservative buget since 1996, it is expected that the Chancellor will take three years instead of two to reach his £12bn target for cuts. In a landmark commons statement the Chancellor will set the agenda for the five year parliament ahead,…
Read MoreARLA appoints new President
The Association of Residential Lettings Agents has appointed Peter Savage as President for the coming year, the outgoing ARLA president is Valerie Bannister, who is the national property director at Your Move, Savage said that he was overjoyed to take on the role of President. Peter is a long standing member of ARLA, having held…
Read MoreBuy-to-Let increases burden on welfare
It is expected that George Osborne will be cutting Housing Benefit in his budget on wednesday, it has been reported through certain media that he is considering forcing all housing benefit recipients to contribute towards their own rent. It has also been reported that he is pushing for the benefit cap to be lowered from…
Read MoreInheritance tax raised to £1m
David Cameron and George Osborne writing in The Times on saturday confirmed that the threshold at which inheritance tax is levied will rise for couples to one million pounds from £650,000 after April 2017. The policy will be funded by limiting the amount of tax relief on pension contributions given to those earning more than…
Read MoreResponse by the NHF
In a press release by the The National Housing Federation they responded to an announcement in The Times over the weekend to housing commitments from Prime Minister David Cameron and Chancellor George Osborne. Prime Minister David Cameron outlined plans on Saturday to accelerate house-building over the next five years and raise the inheritance tax threshold…
Read MoreUnfair to Scottish landlords
At present Scottish Landlords see as unfair the way rules concerning the council tax works, Nicola sturgeon announced in November last year a commission to examine a fairer way of funding local government services. The Scottish Association of Landlords (SAL) wants to see a change in rules so that empty furnished properties will be entitled…
Read MoreTrading has commenced in Hunters shares
Hunters, one of the largest national sales and lettings estate agency businesses, announced yesterday that dealings in its shares on AIM had commenced at 60 pence per share. Numis Securities is Nominated Adviser and Broker to the Company. The Group has traded under the Hunters brand since inception in 1992 and as at 31 May…
Read MoreHouse price growth slows in June.
According to the Nationwide House Price Index UK house prices fell by 0.2% in the month of June, annual house price growth moderated to 3.3% from 4.6% in May. Commenting on the figures, Robert Gardner,Nationwide’s Chief Economist, said: “The annual pace of house price growth continued to slow in June, moderating to 3.3% from…
Read MoreNew property hot spots around London
House price affordability in London is putting pressure on buyers to look to the commuter belt to find a home within their price range, latest data from the Land Regsitry shows annual growth of just more than 9%, making the average London house worth £475,961, in the South-East, annual price rises are also just over…
Read MoreBOE comments on Greece
The Bank of England said it stands ready to “take any actions required” after Greece’s rapid economic slide in just the past few days, Greece beame the first advanced economy to default on a loan to the International Monetary Fund on Tuesday. The precarious position of Greece could pose a risk to the financial system,…
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