Posts by Allen Walkey
Cost of a brick in the wall of the average house
Research announced yesterday by Barclays Mortgages and the Centre for Economics and Business Research (Cebr) has found that the cost of a single brick, when calculated from the price and size of the average house in the UK, has increased 33% in the past decade. Their research found that the cost of a single brick,…
Read MoreHomeLet Rental Index September
The most recently released HomeLet Rental Index (September) states that 2016 to date has seen a slower rate of rental growth, compared to the same period last year. The increase in average rental value is 3 per cent higher than the same period last year, standing at £910pcm compared previously to £884pcm. In comparison to…
Read MoreLandlords slow to register with Rent Smart Wales
With just 6 weeks to go before the deadline for Landlords to comply with the law in Wales, only just about 25% of Landlords are presently registered according to Welsh Government figures. The Rent Smart Wales scheme will require landlords to be trained in their responsibilities and obligations. Rent Smart Wales process landlord registrations and…
Read MoreLatest RICS survey shows House prices rise in September
House prices in the UK rose for a second month in September, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS), it shows its monthly house price index increased to +17 in September from +13 in August, The report mentions that more chartered surveyors are reporting an increase in buyer enquiries,…
Read MoreTrading update from Telford Homes Plc
Telford Homes Plc released yesterday their trading update ahead of the interim results for the six months ended 30 September 2016, which will be released on Wednesday, 30 November 2016. Highlights lead with: Long term imbalance between the supply of homes and the demand for somewhere to live in non-prime areas of London underpins future prospects for Telford…
Read MoreInvestors return to the market says Rightmove
Rightmove, yesterday 12th October, published the Rental Trends Tracker for 3rd Qtr which headlined ‘Buy-to-let enquiries up 30% since May as investors return to the market’. The report mentions: Buyer enquiries from potential landlords and investors are now up 30 per cent since May, new rental listings up on the same quarter last year and…
Read MoreBuy-to-Let lending down on August.
Press release published today from the Council of Mortgage Lenders (CML) headlines ‘August House Purchase Lending up 11% compared to a year ago.’ The news article leads: Home-owners borrowed £12.2bn for house purchase, up 14% month-on-month and 11% year-on-year. They took out 66,000 loans, up 13% on July and 9% on August 2015. Paul Smee, director general…
Read More‘Home Prices Bounce back’.
home.co.uk today released their October 2016 Asking Price Index headlined ‘Home prices Bounce Back but Supply is on the Rise’. Their report leads: Home prices bounce back – up 0.7% since September, reversing prior falls. more…. The summary section begins: Prices are up across the board this month as optimism rises on the back of…
Read MoreNew Headquarters for Zoopla Property Group
Zoopla Property Group Plc (ZPG), owner of the UK’s most-trusted digital platforms including Zoopla, uSwitch and PrimeLocation announced yesterday that it has moved Headquarters, it has moved into its new 45,000 home adjacent to Tower Bridge at The Cooperage, 5 Copper Row, London SE1. Alex Chesterman, Founder & CEO of ZPG said, “This move marks…
Read MoreCall for measures to increase number of affordable rented homes
The Chartered Institute of Housing says, in its latest news release published yesterday, ‘The Autumn statement is a chance for the government to turn its commitment to increase supply and affordability into focused action.’ In their submission the CIH calls for measures to significantly increase the number of affordable rented homes across the UK. Gavin…
Read More£3 billion Home Building Fund
Last week at the Conservative Party Conference, Communities Secretary Sajid Javid announced new housing measures and that a housing white paper will be published later this year with further ‘significant’ measures to meet the government’s ambition of 1million new homes by 2020. As part of the government’s action to tackle the housing deficit and ensure…
Read MoreMandatory Licencing for estate Agents needed says eMoov
eMoov leads the way to Implement Mandatory Licencing for Estate Agents with a petition to the Government. Russell Quirk, Founder & CEO, eMoov.co.uk says “In this day and age it is simply unacceptable that the estate agency sector continues to go unregulated with absolutely no barrier to entry when choosing to pursue the occupation. “When…
Read MoreAnnual house price growth eases.
Halifax House Price Index (HPI) report for September 2016 headlines ‘Annual house price growth eases further to 5.8%’ House prices in the three months to September were 5.8% higher than in the same three months of 2015. Prices in the last three months (July-September) were 0.1% lower than in the preceding quarter. Martin Ellis, Halifax…
Read MoreLandlord challenge at High Court dismissed
This week we reported on Cherie Blair QC, wife of former Labour Prime Minister Tony Blair, representing landlords fighting proposed changes to the tax regime against the Government and HMRC at the High Court. ‘Landlords Oppose Tax Regime Changes’ Yesterday, Cherie Blair QC, argued that the changes were both “unfair and unlawful”, and that the…
Read MoreRise in buy-to-let mortgages to limited companies
According to the Mortgage for Business 3rd quarter Limited Company Buy-to-Let Index, 63% of applications by landlords purchasing buy to let properties are being made using a limited company structure. It would appear this is mainly in response to the changes to tax relief on mortgage interest announced by the former Chancellor George Osborne in…
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