Posts by Allen Walkey
Lonres and Let Alliance join forces in a Strategic Partnership
LonRes, the independent data and agent network business, and Let Alliance, the specialist letting services provider, has announced that they are to join forces in a strategic partnership. LonRes Let Alliance, has been designed to meet the specific challenges of the London lettings market and is exclusive to LonRes subscribers. It offers the widest range…
Read MoreMajor Surveying Contract Win for LSL Property Services
LSL Property Services plc, a leading provider of residential property services incorporating both Estate Agency and Surveying businesses, has announced that e.surv Limited, its residential surveying and valuation services operation, has been awarded a material contract to supply surveying and valuation services to Lloyds Bank plc. LSL announced that Lloyds Bank plc surveying and valuation…
Read MoreSmall increase in lending to first-time buyers in March according to UK Finance
Latest UK Finance Mortgage Trends Update for March 2018 headlined ‘Remortgaging Market Softens In March After Busy Start To The Year.’ UK Finance’s Mortgage Trends Update for March 2018 has revealed a small increase in lending to first-time buyers compared to a year earlier, while remortgaging levels softened slightly after a busy start to the…
Read MoreGovernment to give councils and housing associations the help they need to replace unsafe Grenfell-style cladding.
Comment from Shelter on the Prime Minister’s announcement that the government will fully fund the removal and replacement of dangerous cladding by councils and housing associations. Polly Neate, CEO of Shelter, said: “For more than six months Shelter has been calling on the government to step up to the plate, and today the Prime Minister did. “It’s great…
Read MoreOnTheMarket now has listing agreements with over 8,000 agent branches
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, recently announced that as of 11 May it has signed listing agreements with UK estate and letting agents with more than 8,000 offices. This increase of over 2,500 branches since Admission on 9 February represents growth of over 45% in just over 3 months.…
Read MoreNew partnership between the Residential Landlords Association (RLA) and the National Federation of Builders
New Partnership to help Landlords find trusted Builders. Many landlords don’t know where to turn when it comes to finding a builder they can trust, with many relying on word of mouth. This is set to change thanks to a new partnership between the Residential Landlords Association (RLA) and the National Federation of Builders, (NFB)…
Read MorePetition launched to reintroduce full mortgage interest relief and to drop the 3% stamp duty surcharge
Petition launched by Mark Homer to UK Government and Parliament. Reintroduce full mortgage interest relief and to drop the 3% stamp duty surcharge. Petition details as shown on Government website: ‘We call on the Government to reintroduce full mortgage interest relief and to drop the 3% stamp duty surcharge which is increasing homelessness by driving…
Read MoreRental growth picks up across Great Britain in April according to Hamptons International
Latest Hamptons International Monthly Lettings Index – April 2018 reveals that in April the average cost of a new let in the North fell for the first time in four years. The average cost of a new let reached £953 pcm in Great Britain in April, 1.9% up on the same period last year. Average…
Read MoreSellers losing out as over 300,000 property transactions are falling through every year
Over 300,000 property transactions are falling through every year due to broken chains and buyers changing their mind largely, costing sellers a total of £400 million, according to latest research from HomeOwners Alliance and IMMO. The survey exploring the experiences of home sellers, conducted by HomeOwners Alliance, and IMMO.co.uk, and polled by YouGov, found that 20%…
Read MoreHome prices rose across England and Wales by 0.5% in May according to latest Asking Price Index report from Home.co.uk
Latest Home.co.uk Asking Price Index report – May 2018 headlined, ‘Summer Optimism Masks Market Melancholy’. The report reveals that home prices rose across England and Wales by 0.5% this month, reflecting seasonal optimism more than fundamentals. London prices continue to slide extending 12 month losses to -2.5%, the slowdown that began there now seems to…
Read MoreBank rate remains at 0.5%
The Bank of England published 10th May 2018 – Monetary Policy Committee announcement and Inflation Report. At its meeting ending on 9 May 2018, the Monetary Policy Committee (MPC) voted by a majority of 7-2 to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond…
Read MoreMortgage arrears at lowest levels since records began according to UK Finance.
Latest UK Finance Mortgage Arrears and Possessions Update released yesterday 10th May 2018 for the first quarter of 2018 headlines ‘Mortgage arrears at record low in Q1 2018.’ The update revealed: 1,200 homeowner mortgaged properties were taken into possession in the first quarter of 2018, unchanged from the same quarter of the previous year. Jackie…
Read MoreOn average, branches are returning to ZPG at the rate of over 100 per month since February
ZPG, owner of Zoopla and PrimeLocation, reports today it has seen more than 100 branches per month on average return to its platform during the 3 months since Onthemarket (OTM) dropped its one-other portal rule in February. The rate of branches returning to ZPG during the three months following OTM’s IPO has more than doubled…
Read MoreBarratt Developments PLC reports trading since beggining of year has been strong across the country
Barratt Developments PLC states in their trading update issued today that trading is strong and the outlook for the full year remains in line with the Board’s expectations. The market fundamentals remain supportive, with the Group delivering a strong performance across the business since the start of the calendar year driven by robust customer demand…
Read MoreThe National RICS Price balance figure for April 2018 is the most negative since Novemner 2012
The latest RICS UK Residential Market Survey report – April 2018, released today headlines ‘Buyers enquiries and sales stabilise in April, as house prices dip’. The report reveals that house prices at a national level dipped marginally in April, while they continue to fall in London and the South East in particular. Both new buyer…
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