Posts by Allen Walkey
Belvoir to list all of its Group’s UK residential sales and lettings properties at OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, today announces that Belvoir Lettings PLC, the UK’s largest property franchise, has signed an agreement with OnTheMarket to advertise all of its Group’s UK residential sales and lettings properties at OnTheMarket.com and will actively promote the portal brand with digital and branch-based marketing activity.…
Read MoreTime to end discrimination against benefit claimants by buy to let mortgage providers is the call by the RLA
URGENT action is needed to tackle discrimination against benefit claimants by buy-to-let mortgage providers, this call is being made by the Residential Landlords Association (RLA) following news that a landlord has had the mortgage on a property revoked because she is renting to a benefit claimant. In a letter being sent to the Treasury Minister…
Read MoreDownward trend in the proportion of homes bought with cash according to Hamptons International
New research published by Hamptons International shows that in H1 2018, the proportion of homes in England and Wales bought with cash fell to 29.6%, the lowest level since the company’s records began in H1 2007, cash purchases peaked in H2 2008, when 37.8% of homes were bought without a mortgage. Hamptons International reveals that…
Read MoreAnnual UK house prices growth at 3.2% for year to August 2018 according to HM Land Registry
Latest UK House Price Index summary – August 2018 from HM Land Registry reveals that UK house prices rose by 3.2% in the year to August 2018, down from 3.4% in the year to July 2018. Annual growth in house prices has remained broadly stable at a national level since April 2018. House prices grew fastest…
Read MoreFirst-Time Buyer numbers for August reaches highest level in over a year according to UK Finance
UK Finance’s latest Mortgage Trends Update for August 2018 headlines ‘Number of First-Time Buyers Reaches its Highest Level since June 2017’. The update reveals that there were 35,500 new first-time buyer mortgages and 38,000 new homemover mortgages completed in the month of August. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said:…
Read MorePrice cutting is becoming the new norm as the market adapts to reduced demand according to Home.co.uk
Latest Home.co.uk Asking Price Index report – October 2018 headlines ‘Price cutting hits 7-year high as vendors’ patience wanes’. The report reveals that overall, supply of property for sale in the UK is up by 6% and the total stock for sale has increased by 10.7% year-on-year. In October 2017, the annualised rate of increase…
Read MoreRents rose in every region of GB in September, the first time since January according to Hamptons International
Latest Hamptons International Monthly Lettings Index report – September 2018 headlines ‘Landlord purchases fall by £5.2 billion in 3 years’. The report reveals that in H1 2018 landlords spent £12.1 billion on new buy-to-let purchases, £5.2 billion or 30% less than in H1 2015 (£17.3 billion). In London landlords spent £3.5 billion purchasing rental homes…
Read MoreAverage UK rents rose by 1.7% in September compared to same month a year ago according to Homelet
Latest Homelet Rental Index report – September 2018 reveals that average rents across the UK rose by 1.7% in September 2018 when compared to the same month a year previously, rents in London increased by 3% in September 2018 than in the same month of 2017 According to Homelet the average UK monthly rent is now…
Read MoreRLA Response to announcement on funding to support homeless people into rented housing
Responding to the announcement of that the Government is formally launching its fund to support councils to house those who are or are at risk of becoming homeless in private rented housing, David Smith, Policy Director for the Residential Landlords Association said: “With over one million households waiting for a social rented home, increasing numbers…
Read MoreHouse prices remain flat nationally according to latest RICS UK residential market survey report.
Latest RICS UK Residential Market Survey – September 2018 headlines ‘Weak sales outlook causing new homebuyers cold feet.’ The report reveals that demand from new buyers nationally has weakened slightly for the second successive month, making the forward-looking sales indicators also turn a little more pessimistic. Prices remain flat nationally with regional variations still very…
Read MoreTelford Homes continue to acheive sales at a consistent rate in last few months
Telford Homes Plc; the London focused residential property developer, today provides an update on trading ahead of its interim results for the six months ended 30 September 2018 (‘H1 2019’), which will be released on Wednesday, 28 November 2018. The update mentions that despite a more uncertain backdrop Telford have continued to achieve sales at a…
Read MoreCapital Gains Tax relief to encourage longer tenancies and sales to tenants in private rented housing, RLA response
Responding to proposals from the Conservative Think Tank, ‘Onward’ today for Capital Gains Tax relief to encourage longer tenancies and sales to tenants in private rented housing, David Smith, Policy Director for the Residential Landlords Association said: “We welcome Onward’s acceptance of the need for more positive taxation in the rented sector which the RLA…
Read MoreHelp in navigating the development finance process and accessing the funding for SME housebuilders
SME housebuilders are to be given help in navigating the development finance process and accessing the funding they need, following the publication of a new guide by UK Finance and the Federation of Master Builders (FMB). The guide offers practical advice to smaller housebuilders on how they should present their project to lenders to improve their chances…
Read MoreLeading South England agent signs long-term agreement for its 50+ offices to list at OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that leading South of England full-service agent Andrews has signed a long-term agreement to advertise its UK residential sales and lettings properties at OnTheMarket.com. Under the long-term agreement, Andrews has also agreed actively to promote the OnTheMarket.com portal brand with digital and…
Read MoreRLA comments on young people now facing consequences of rented homes supply crisis
Responding to a new analysis by the BBC on the cost of renting for young people, RLA Policy Director, David Smith, commented: “With a majority of under 35s living in rented housing, it is young people now facing the consequences of the supply crisis facing the private rental market. “The Government’s own data shows that…
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