Posts by Allen Walkey
Good time to buy?
Confidence has certainly increased since the election, the number of people expecting to make a good home purchase in the next year increased in April compared to the previous month according to the latest Halifax data. The factors that contribute to such improving optimism are the record low mortgage rates along with various government introduced…
Read MoreLand Registry Market Trend Data
April 2015 market trend data. Land Registry’s Market Trend Data for England and Wales. The April data shows an annual price increase of 5.1 per cent which takes the average property value in England and Wales to £179,817 compared with the peak of £181,014 in November 2007. House prices are up 0.9 per cent since…
Read MoreOlder generation trapped
A report out today in one of the main stream newspapers highlights the difficulty being experience by the over 55’s to find an appropriate property to downsize to due to limited availability. In fact millions of older people are actually trapped in properties too large for their needs due to a shortgae of suitable sized…
Read MoreGovernment minister for tenants
According to research from Your Move and Reed Rains tenants would like to see a government minister specifically to deal with their issues within the housing sector, actually it revealed 60.2% of respondents were in favour of having one. The survey also revealed that renting is becoming a longer-term option for increasing numbers of people.…
Read MoreRogue Tenant
An illegal immigrant was arrested and will now face prison with the possibilty of deportation. Ashid Bomedian a Morrocan national assaulted the owner of his rental property after the landlord reported him to the police for suspected bicycle theft. He took the bicycle from outside a city restaurant and returned back to the property in…
Read MoreZoopla aquisition completes
The aquisition of utility price comparison website uSwitch by Zoopla the residential property website has now completed. In a short statement released on Wednesday Zoopla said it had received clearance from the Financial Conduct Authority to complete the transaction, which had first been announced in April. The uSwitch website made revenues of £62.9m and adjusted…
Read MoreProperty Partner Crowdfunding
A property in Byfleet, Surrey was funded to the tune of £212,900 via the propertypartner website launched earlier this year, a total of 126 investors clubbed together to buy the 2 bedroom flat in just over half an hour, the eager buyers invested an average of £1,700. The property that sold out in 35 minutes…
Read MoreNHF responds to Queen’s Speech
The National Housing Federation responds to the Queen’s Speech Henry Gregg, Assistant Director of Campaigns & Communications at the National Housing Federation response: “We are pleased to see a Housing Bill front and centre of the Queen’s Speech and to see the Government committed to getting more homes built. “Plans to identify and free up…
Read Morestarts today
It starts today. The Consumer Rights Act has made it a legal requirement for all lettings agents in England to display details of all fees and charges on websites and in offices from 27 May. Agents also need to display whether or not they are a member of a client money protection scheme along with…
Read MoreQueen’s Speech
Today will be the first time since 1996 that the Queen’s Speech will include a programme of legislation devised solely by the Conservative Governement, we have to go back to Sir John Major the then Prime Minister to be in a similar situation. There will be no constraints of a coalition Government as we have…
Read MoreMandatory landlord licensing scheme
David Cameron has highlighted housing as one of key ways in which illegal immigrants can be identified. In his speech on the changes the Government is proposing regarding immigation, he has announced plans that will have a significant affect on Landlords. Landlords will be expected to take measures to check out their tenants so as…
Read MoreTenancy deposit protection
A recent decision of the Court of Appeal has been codified in the Deregulation Act 2015 to clarify that residential landlords must protect tenants’ deposits and provide tenants with prescribed information, regardless of when the tenancy commenced and when the deposit was received. Tenancy Deposit Protection The Housing Act 2004 (the Act ), which came…
Read MoreThe ESTAS
The Regional and National Gold, Silver and Bronze Award winners were announced at the 12th annual Estate and Letting Agents awards The ESTAS on Friday 17th April at the Hilton Park Lnane London. The Grand Prix Winners, Best Estate Agent in th UK was Dale Eddison, a Yorkshire based Estate Agent with 5 offices across…
Read MoreRents hit record High
Rents increased by 4.6% in April compared with the previous year, marking the fastest annual increase recorded since November 2010, according to estate agents Your Move and Reeds Rains. On a monthly basis, rents grew by 0.8% between March and April according to the study, which started in January 2008 and is based on rents…
Read MoreNAEA Conference
When you here Aintree Racecourse you should immediately think of the Grand National, the famous steeplechase held there each year in April, well today The National Association of Estate Agents takes pride of place at Aintree Racecourse, with their May Liverpool Conference. The conference is aimed at the property professional, keeping to date with legislation,…
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