Posts by Allen Walkey
UK rental prices fell by 0.3% when compared to last year according to new data from Homelet
The latest Homelet Rental Index June 2017 headlines ‘UK Rents continue to fall’. New data from HomeLet reveals that UK rental prices fell by 0.3% when compared to last year, the second successive month in which rents showed a decline, the average monthly rent now stands at £908. Rents in London fell by 2.6% in June…
Read MoreGovernment low-cost home ownership schemes and their effect on social mobility
Recent research and analysis publication 3rd July 2017 on the Gov.Uk website from Social Mobility Commission headlines ‘Low-cost home ownership schemes’. Research looking at government low-cost home ownership schemes and their effect on social mobility. The research finds: Many low-cost home ownership schemes are more likely to benefit better-off buyers. Many schemes are of out of…
Read MoreFTB’s pay record prices to get on property ladder according to Halifax
Recent news release from Halifax headlines ‘First-time buyers paying record prices to get on to property laddder’. Average first-time buyer house price is now £207,693 which is highest on record, first-time buyer average house price in London is now close to £410,000. First-time buyers account for almost half of all mortgage financed house purchases. Martin…
Read MoreNumber of large deposit borrowers drop to lowest level in 2017 according to E-Surv
The latest Mortgage Monitor from e-surv May 2017 headlines ‘large deposit borrowers fall to lowest level in 2017’. According to e-surv, one of the UK’s largest residential chartered surveyors, the proportion of people buying a home with a large deposit fell in May. The size of overall mortgage market shrinks compared to last year,…
Read MoreStatement from Shelter in response to the government announcement of a Public Inquiry into the Grenfell Tower fire
Statement from Shelter in response to the government announcement of a Public Inquiry into the Grenfell Tower fire. Graeme Brown, Interim CEO of Shelter, said: “We are concerned that the terms of reference for the official Grenfell public inquiry appear to be narrow according to comments made by the appointed chair. This is a unique…
Read MoreScottish rents ticked down ahead of May general election according to Your Move
The latest Your Move Scotland buy to let index report for May 2017 headlined ‘Scotland rental market pauses for breath pre-election’. According to the Index average Scottish rent in May dropped back ahead of general election. The data showed that prices in major city centres continued to perform strongly, as have rural areas such as…
Read MoreCMA clears ZPG’s aquisition of Expert Agent.
ZPG announced Thursday, June 29, 2017, that the Competition and Markets Authority (CMA) has cleared its acquisition of Expert Agent. ZPG acquired Expert Agent in March as part of its continuing mission to be the most effective partner for UK property professionals. With the CMA review complete and the transaction having received the green light,…
Read MoreMortgage approvals for house purchase were broadly stable according to BoE
Bank of England (BoE) statistical release yesterday 29th June 2017: Money and Credit – May 2017 Lending to individuals: lending secured on dwellings. Net lending secured on dwellings was £3.5 billion in May, up from the 12-month low of £2.7bn seen in April. Mortgage approvals for house purchase were broadly stable at 65,202, while approvals…
Read MorePurplebricks UK business now in profit
Purplebricks Group plc, today announces its final results for the year ended 30 April 2017. UK expectations upgraded, Australia on track, US beckons. Group revenue up 151% to £46.7m (FY16: £18.6m) – UK revenue up 132% to £43.2m (FY16: £18.6m) Commenting on the results, Michael Bruce, Group Chief Executive, said: “This has been a very…
Read MoreNHF calling on the Government to halt the testing on ACM cladding and shift its focus to making people safe
The Metropolitan Police have confirmed that the Grenfell Tower Fire death toll has risen to 80 and also revealed that it will take three months to identify the victims that it could and that the real death toll was likely to be higher. The National Housing Federation (NHF) have said the searches carried out had…
Read MoreSmall deposit borrowers now make up over one-fifth of the mortgage market says Richard Sexton (e-surv)
Comments from Richard Sexton, director at e.surv, following the latest Nationwide House Price Index figures showing that prices have risen 1.1% month-on-month in June and annual house price growth rises to 3.1%. His comments: “Our latest Mortgage Monitor shows that small deposit borrowers now make up over one-fifth of the mortgage market. Although house prices…
Read MoreUK house prices rebounded in June according to Nationwide
The Nationwide House Price Index report June 2017 released today headlines ‘House price growth regains momentum in June.’ Prices rose 1.1% month-on-month in June, reversing the previous three months’ falls. Annual house price growth rises to 3.1%. Gap in house price growth between strongest and weakest performing regions in Q2 is the smallest on record.…
Read MoreNew independent expert advisory panel to advise on measures to be put in place following the Grenfell Tower fire
Sajid Javid announces a new independent expert advisory panel to advise on measures to be put in place following the Grenfell Tower fire. A separate independent Public Inquiry will investigate what happened and who was responsible for the disaster. This expert panel will look at any immediate action that is required so the public can be…
Read MoreThe number of sales agreed per branch increased in May according to NAEA Propertymark
The National Association of Estate Agents (NAEA) Propertymark’s monthly UK Housing Report – May 2017 found that only 3% of properties were sold nationally above their asking price, which was down 4% from April 2017 and the lowest since October last year. The number of homes which sold for less than asking price rose to…
Read MoreShelter comments on new homelessness statistics.
Shelter’s recent comment on the ONS new homelessness statistics. New government figures on homelessness show: In the last year alone, 59,090 households were accepted as homeless by their local council – a rise of 17% over the last 5 years. A further 199,630 cases were at risk of homelessness and sought help through the council.…
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