Posts by Allen Walkey
Foxtons to remove spikes.
Foxtons are set to remove anti-homeless spikes from outside a West End branch of their estate agents after a change.org petition achieved 20,000 signatures, the petition was set up by Zahira Patel after noticing similar spikes outside the Holborn branch of Foxtons. As spokesperson from Foxtons reportedly said ‘We understand that the studs outside our…
Read MoreBristol and Reading quickest sales
According to estateagent4me, a performance-based estate agent comparison service, Bristol and Reading had the quickest sales across England, with an average of 26 days, that is 29 days faster than the UK average of 55 days. The slowest region was Liverpool, with 85 days. Estateagent4me.co.uk claims to identify the country’s best-performing agents based on specific…
Read MoreFurther rise in house prices to come
The Royal Institution of Chartered Surveyors said its monthly index — which measures members’ expectations for house prices over the next three months — rose to +34 in May from +32 in April, broadly in line with economists’ forecasts, this takes the index to its highest level since August 2014. RICS said the number of…
Read MoreHomes in Multiple Occupation
The HMO market could become the rental option of choice especially for the younger professional tenants, there are various benefits to starting out renting this way. Initially the tenant will be paying less in rent and charges which will allow them to save for their deposit for their first home earlier, average first time buyer…
Read MoreFinal date for deposit scheme protection
The date is fast approaching when Landlords must comply to the new law in relation to tenancy deposit schemes, the date for the diary is 23rd June. Any landlord holding a deposit taken prior to the 6th April 2007 which has not been protected by the 23rd June under one of the Tenancy Deposit Schemes…
Read MoreWell known landlords decide to sell.
Fergus and Judith Wilson are without doubt a true success story when it comes to Buy-to-Let investing, I can rememeber back quite sometime when I read a report in one of the main stream newspapers describing how the former maths teachers recognized that the buy-to let market at the time was a matter of simple…
Read MoreNew Estate Agent ranking website
Following closely on the heels of rateragent.co.uk comes the latest Estate Agent ranking website www.Estateagent4me.co.uk launched by USL Technology. Established in 2003, ULS develops and operates web based comparison platforms for mortgage brokers, solicitors, estate agents, lenders, network associations and customers. These solutions can help consumers source legal, financial and property services whilst assisting intermediaries…
Read MoreFall in conveyancing transactions
A Conveyancing Market Tracker survey by Search Acumen which is based on data from the Land Registry, found that a continuing decline in conveyancing firm numbers was based on a “long-term trend of firms disappearing at the lower end of the market”. It revealed that of the 153 firms which ceased to be active, 129…
Read MoreBetter month for first time buyers
The National Association of Estate Agents stated in its April Housing Report that first time buyers represented approximately a quarter of house sales during that month, that is an increase on March when the figure for first time buyers was 22% compared to the 26% in April. Over half of member agents expect house prices…
Read MoreNHBC reports rise…
NHBC reports that news housing registrations continue to rise outperforming 2014 levels across the UK. For the rolling quarter (February – April), registrations increased by 20% compared to the same period last year (41,307 in 2015; 34,451 in 2014). The private sector increased by 24% during this period (31,083 in 2015; 24,993 in 2014), with…
Read MoreInterest rates and Halifax report
UK interest rates have been held at 0.5% again by the Bank of England. The Bank also kept the size of its bond-buying stimulus programme unchanged at £375bn. The decision by the Bank’s Monetary Policy Committee (MPC) comes more than six years after the record low was introduced. The number of properties on the market…
Read MoreAgents warned over adverts
The Competition and Markets Authority (CMA) will warn estate agents that they are at risk of breaking the law if they make anti-competitive advertising deals with newspapers that barr the display of all fees and discounts in the industry. The CMA said such an agreement limited the ability of estate agents to compete with each…
Read MoreNationwide House price index
According to the Nationwide House Price Index annual house price growth slowed in May. The building society said that prices were up 4.6pc in May compared with the same month a year earlier, however moderated from last month which was at 5.2%. Robert Gardner Nationwide’s Chief Economist reportedly says: “The annual pace of house price…
Read MoreShared ownership pilot scheme
Southern Housing Group has partnered with the Greater London Authority to establish ‘Second Steps’, a service which offers current shared owners who can’t afford to buy outright the chance to purchase a home on the open market on a shared ownership basis. According to a report recently posted online Sandy Macmillan, head of sales and…
Read MoreProperty versus Pints
Foxtons the Estate Agents represented by Agents Montague Evans notified Southwark Planners in April that they intended to open a Branch of their Estate Agency in the pub known as the Elephant and Castle. The current Elephant & Castle pub is on the corner of New Kent Road and Newington Causeway, it took the place…
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