Posts by Allen Walkey
Average London renters need to find over £3000 as tenancy deposit according to Dlighted
Recent research from deposit-free renting firm Dlighted has revealed that the average London tenancy deposit could now stand at £3014 – even when capped at the equivalent of 6-weeks rent by the government’s draft Tenant’s Fees Bill. Dlighted states: The recently published English Housing Survey revealed that 30% of homes in the capital are now…
Read MoreZPG welcomes back Chestertons and other partners to their platform.
In a recent press release, ZPG, owner of Zoopla and PrimeLocation, has reported that it has signed a listings agreement with Chestertons, one of London’s largest estate agencies. Chestertons, which operates 32 offices across London, will begin to advertise all of its property listings across the ZPG platform with immediate effect. ZPG stated that it…
Read MoreThe greatest downward pressure on prices is being registered in inner London areas according to Hometrack
The latest Hometrack UK Cities House Price Index report – February 2018 reveals: The divergence in house price growth between southern England and regional cities continues with overall HPI at 5.2%. Regional cities continue to register above average growth with five cities registering price inflation over 7% according to Hometrack. The headline rate of growth across…
Read MoreGross mortgage lending in February is estimated to have been £19bn according to UK Finance
Latest UK Finance update on lending for February 2018. UK Finance reveals: Gross mortgage lending in February is estimated to have been £19bn, 4.9 per cent more than a year earlier but below the monthly average of £21.4bn for 2017. Remortgage approvals in the month are up over 9 per cent in both number and…
Read MoreSales to first-time buyers rose in February 2018 according to NAEA Propertymark
Latest NAEA Propertymark Housing Report – February 2018 reveals: Sales to first-time buyers rose in February and the number of house-hunters fell in line with the supply of available properties. The number of prospective house-hunters fell by 16 per cent in February – from 367 registered per branch, to 309, year on year this is…
Read MoreMortgage approvals decline slightly between January and February according to e.surv
The latest Mortgage Monitor from e.surv, one of the UK’s largest residential chartered surveyors, shows there were 66,364 mortgages approved (seasonally adjusted) during February 2018. Mortgage approvals decline slightly between January and February with growth in number of first-time buyers and small deposit mortgages. e.surv reveals that this month’s approvals are 1.25% lower than in…
Read MoreShelter response to MHCLGS’s homelessness stats
Shelter response to MHCLGS’s homelessness stats; · In the last 5 years, the number of homeless families living in temporary accommodation has increased by 48%. · Losing a private tenancy remains the single biggest cause of homelessness. 16,320 households became homeless after being evicted from a privately rented home in the last year, accounting for…
Read MoreBank of England holds interest rate at 0.5%
Bank of England announced yesterday 22rd March 2018 to hold interest rate at 0.5%. The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 21 March 2018, the MPC voted by a…
Read MoreAlmost £300 million government investment to deliver more homes across England
Government Investment to unlock more homes across England announced yesterday 21st March 2018. Almost £300 million government investment in Greater Manchester, the West of England and Oxfordshire is set to help deliver thousands of much-needed new homes for local communities, Housing Secretary Sajid Javid announced 21 March 2018. Greater Manchester is set to receive £68…
Read MoreCountrywide step up to support sport relief 2018
Countrywide press release published earlier this week headlined ‘Countrywide step up to support Sport Relief’, the release read as follows: On Friday 23rd March Countrywide’s Conveyancing Services Manchester office will be transformed into a call centre for Sport Relief 2018. Members of staff from the Manchester office and throughout the wider business across the UK…
Read MoreThe largest annual house price growth was recorded in Scotland for year to January 2018
UK House Price Index – January 2018 from HM Land Registry published 20th March 2018. The latest Index reveals: Average house prices in the UK have increased by 4.9% in the year to January 2018 (down from 5% in the year to December 2017). The largest annual price growth was recorded in Scotland, where prices…
Read MoreMortgages now at their most affordable level in a decade according to Halifax
Mortgages in the UK have reached their most affordable level in a decade, according to new research from Halifax. The latest Halifax Affordability Review reveals that homeowners spend less than a third of disposable income on mortgage payments, the lowest affordability in 10 years since market peak of 48% in 2007. The significant improvement in…
Read MoreThe North West has the highest number of empty homes in the country according to NHF
A new report from the National Housing Federation published yesterday 19th March 2018 reveals that one fifth of empty homes in England, just under 40,000 homes, are in the North West. The North West has the highest number of empty homes in the country and has the same number of empty homes as the North…
Read MoreSantander confirms a three year extension to its valuation and risk services partnership with Hometrack
In a latest news release from ZPG plc dated 15th March 2018 it reveals: Santander has confirmed a three year extension to its valuation and risk services partnership with Hometrack, covering collateral risk management solutions including AVM modelling and ongoing portfolio valuations. The latest licence agreement continues a fruitful 11 year relationship between the two…
Read MoreCrackdown on those renting out overcrowded and dangerous homes
Measures to improve overcrowded and dangerous living conditions of private tenants in shared homes were laid before Parliament yesterday (15 March 2018) by Housing Minister Heather Wheeler. Councils are being given tough new powers to tackle the small minority of rogue landlords who rent out overcrowded properties and impose fines of up to £30,000 for…
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