Posts by Allen Walkey
Shelter’s updated response to the scrapping of council borrowing caps.
Shelter’s updated response to the scrapping of council borrowing caps. This represents a major reform that will allow councils to deliver desperately needed affordable homes – and allow them onto the playing field as significant housebuilders. Previously there was a prohibitive cap on how much councils could borrow against their assets to fund new housing…
Read MoreOnTheMarket announces record traffic to it’s portal in September
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, announces today that as of 01 October, it has signed listing agreements with UK estate and letting agents with more than 11,000 offices. This is more than twice the number listing at the time of the Company’s Admission to AIM on 09 February 2018.…
Read MoreAnnual house price growth stable in September according to Nationwide
Latest Nationwide House Price Index report – September 2018 headlines ‘Annual house price growth steady in September’. The report reveals that UK annual house price growth was steady at 2%, prices increased 0.3% during the month taking into account seasonal factors. The North was the weakest performing region in Q3 according to Nationwide. Commenting on…
Read MoreNumber of approvals for remortgaging increased in August – Bank of England
Bank of England – Money and Credit – August 2018 published today 1st October 2018. Household borrowing growth moderated slightly in August. Annual consumer credit growth slowed to 8.1%, while secured lending growth ticked down to 3.1%. The number of approvals for remortgaging, which has been volatile in recent months, increased to 53,125 in August.…
Read MoreBusiness confidence bounced back from August’s nine-month low according to Lloyds Bank.
Lloyds Bank’s Business Barometer for September 2018 headlines ‘Business confidence recovers after August blip as economic optimism rises’. Business confidence – an average of business prospects and economic optimism – bounced back from August’s nine-month low, rising six points in September to 29 per cent, according to the latest Business Barometer from Lloyds Bank Commercial…
Read More40% of tenants in the Private Rented Sector saw their rents rise in August according to ARLA Propertymark
Latest ARLA Propertymark Private Rented Sector Report – August 2018 headlines ‘Rents Hit Record High’. The report reveals that in August, the number of tenants experiencing rent hikes increased to 40 per cent, from 31 per cent in July. This is the highest figure recorded since records began in January 2015. The demand from tenants…
Read MoreUK City house price inflation running at 3.9% according to Hometrack
Latest Hometrack UK Cities House Price Index report – August 2018 reveals that UK city house price inflation running at 3.9%, ranging from +7.5% in Liverpool to -3.9% in Aberdeen. The report states: Rising house prices mean the income to buy has grown by 18% since 2015 despite lower mortgage rates. The near-term outlook for…
Read MoreRemortgaging continued to dominate in August according to UK Finance
UK Finance Household Finance Update – August 2018 published today. The update reveals that gross mortgage lending for the total market in August was £24.1bn, some 1.2 per cent lower than a year earlier. Commenting on the data, Peter Tyler, Director, UK Finance, said: “Remortgaging continued to dominate in August, as homeowners took advantage of…
Read MoreResponse to Labour plans for Private Rented Housing
In response to the Shadow Housing Secretary, John Healey MP’s proposals to end the use of Section 21 notices in the private rented sector announced at the Labour Party Conference, David Smith, Policy Director for the Residential Landlords Association, said: “Many landlords resort to Section 21 notices because the alternative procedures take too long to…
Read MoreShelter response to Labour plans to tax second homes
Shelter response to Labour announcement that they will tax second homes and earmark the money for councils to help families housed in temporary accomodation – please see our response below. Polly Neate, CEO at Shelter said: “Our housing crisis has reached such depths that tens of thousands of families are being tipped into homelessness and…
Read MoreCurrent number of properties to let in Greater London at lowest since March 2015 according to Home.co.uk
The number of available properties to rent is falling at an alarming rate, particularly in Greater London, according to latest figures from Home.co.uk. The recent press release reveals that the number of available homes to rent in Greater London that have been on the market for 20 weeks or less plummeted by 24% over the…
Read MoreLeading North East agent signs long-term agreement to list at OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that leading full-service North East agent Pattinson has signed up to advertise its UK residential sales and lettings properties at OnTheMarket.com. Under the long-term agreement, Pattinson has also agreed actively to promote the OnTheMarket.com portal brand with digital and branch-based marketing activity.…
Read MoreUK Finance response to the Prime Minister’s speech at the NHF Summit
UK Finance response to the Prime Minister’s speech at the National Housing Federation Summit, where she announced £2bn of additional funding for housing associations. Jackie Bennett, Director of Mortgages at UK Finance, said: “Today’s announcement provides much needed certainty regarding the government’s commitment to the social housing sector, enabling housing associations and their private funders to plan…
Read MoreShelter response to the Prime Minister’s announcement at the NHF conference.
Please see below Shelter response to the Government social housing announcement at the NHF conference. The Prime Minister has announced £2bn for housing associations who enter strategic partnerships with Homes England from 2022 to 2028/9. This is pre-announcing funding for the next Spending Review period. It is not extra homes or extra funding now. Polly…
Read MoreGovernment should end stamp duty on certain properties according to RICS
New figures show that nearly half of respondents to the RICS Residential Market Survey suggest using tax incentives to encourage downsizing, while making changes to Stamp Duty and Council Tax would help thousands more young people realise their dream of owning their own home. A housing tax overhaul including ending stamp duty on certain properties…
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