Posts by Allen Walkey
Vital to adopt a more joined up approach to delivering advice to older borrowers
New research undertaken for the Council of Mortgage Lenders (CML) in conjunction with the Building Societies Association (BSA) says that it is vital to adopt a more joined up approach to delivering advice to older borrowers, and to narrow the gap between mainstream lifetime mortgage advice silos. June Deasy, head of policy, CML said: “Older…
Read MoreGross mortgage borrowing totalled £13.3 billion in May according to BBA
The BBA’s latest data from the high street banks for May 2017 released today shows gross mortgage borrowing in May totalled £13.3bn much in line with recent months and 9% higher than a year before.. Net mortgage borrowing was 2.4% higher than a year ago. House purchase approval numbers in May of 40,347 were 3.3%…
Read MoreAldermore reaffirms support and commitment and launches new website.
Aldermore, the specialist bank, has reaffirmed its support and commitment to the intermediary market with the launch of its new service promise to ensure that brokers continue to receive exceptional support, also as part of Aldermore’s ongoing commitment to the intermediary market, the Bank has also launched a new website. The new website allows brokers…
Read MoreHometrack believes there is potential for material upside for city house prices outside southern England.
The UK Cities House Price Index – May 2017 released today by Hometrack. Annual rate of growth UK increases to 4.7%. UK city house price growth is 5.1% per annum, down from 8.8% in May 2016. Half of cities have faster growth than a year ago. While the annual rate of growth is at 5.1%…
Read MoreGross mortgage lending reached £20.1 billion in May estimates the CML
In a press release yesterday 22nd June: The Council of Mortgage Lenders (CML) estimates that gross mortgage lending reached £20.1 billion in May. This is a 12% increase on both April last month and on May last year, in which £17.9 billion was advanced. The CML’s buy-to-let forecast for 2017 and 2018 has been revised…
Read MoreWorrying slump in UK property rental market says Home.co.uk
Press release yesterday 21st June 2017 from Home.co.uk headlined ‘Alarming Decline in Homes for Rent’. The UK property rental market has seen a worrying slump of 11.6% in available stock over the last six years, according to new figures released by Home.co.uk. In some areas the fall is much more dramatic and can only compound…
Read MoreLetting fees ban confirmed in Queen’s Speech
There was confirmation yesterday in the Queen’s Speech that fees charged by Landlords and Letting Agents will be banned with the announcement of the draft Tenants’ Fees Bill. Cox, Chief Executive, ARLA Propertymark comments on the draft Tenants’ Fees Bill to ban charging tenants ‘lettings fees’ announced in the Queen’s Speech: “The announcement of the…
Read MoreUK Property Transactions Count – May 2017 with comment from Richard Sexton, director at e.surv
The provisional seasonally adjusted UK property transactions count for May 2017 updated yesterday 21st June from HM Revenue & Customs was 100,170 residential and 10,760 non-residential transactions. The seasonally adjusted estimate of the number of residential property transactions decreased by 3.3% between April 2017 and May 2017. This month’s seasonally adjusted figure is 13.4% higher…
Read MoreTheresa May’s Queen’s Speech
Today we finally get to hear in the form of the Queen’s Speech what Theresa May and her government plan for the future, it will reveal which laws they plan to introduce or change. The centre of the speech is expected to be dominated by Brexit, one of a number of bills will be the…
Read MoreGross mortgage lending overall in 2016 totalled £245 billion according to CML
Yesterday 20th June 2017 the Council of Mortgage Lenders (CML) published data showing mortgage lending by CML members in 2016. Gross lending overall in 2016 totalled £245 billion, up 11% on 2015, which was a slightly higher rate of market growth than the 9% seen in the preceding year. The 10 largest firms continue to…
Read MoreThe auction room this month saw significant activity from commercial bidders looking for investment opportunities says Savills
News release yesterday 19th June 2017 from Savills headlines ‘June sees jump in sales at Savills regional auction’. A packed room and competitive pricing saw over £2.6 million raised at the latest Savills regional auction in Nottingham, which took place at the city’s racecourse on Thursday 8th June 2017. Victor Ktori, head of office at…
Read MoreGovernment statement regarding safety checks following the Grenfell Tower fire.
Announcement on Gov.UK website from Department for Communities and Local Government published 19th June 2017. Communities Secretary Sajid Javid statement regarding safety checks following the Grenfell Tower fire. Read in full. Communities Secretary Sajid Javid said: “We have asked local authorities and all providers of social housing to identify whether any buildings in their area contain…
Read MoreBrexit negotiations formerly start today
Brext negotiations formerly start today June 19th at 11am in Brussels, the negotiations are talks between the European Union and United Kingdom representatives about Brexit terms. The process is expected to last up to 15 months and will conclude with the UK formally leaving the EU. It is almost a year since the UK voted…
Read MoreResponse from Shelter on the tragic Grenfell Tower fire
Response from Shelter on the tragic Grenfell Tower fire. Graeme Brown, Shelter’s interim chief executive said: “The Grenfell Tower fire was a truly tragic event, made all the more so because residents had been calling on their management organisation to heed their safety warnings. “In all cases, landlords must respond to renters concerns when it…
Read MoreHelp offered by Banks to Grenfell Tower Victims
The BBA published a news release yesterday headlined ‘Banks offer help to Grenfell Tower Victims’. To assist the circulation of this news release we have reposted the content below: The banking industry recognises that many of those who have lost their homes in the tragic fire at Grenfell Tower have also lost all access to…
Read More