Posts by Allen Walkey
Mortgages in arrears continue to fall
A recent news report from The Council of Mortgage Lenders (CML) headlined ‘Arrears and possessions continue to fall’. The number of mortgages in arrears continued to fall in the second quarter of this year, and is now at its lowest level since records began more than 20 years ago. Data from the CML show that…
Read MoreAldermore launches changes to BTL product range
Aldermore launched yesterday two limited edition changes to its standard buy-to-let (BTL) product range. The changes are: 3.18 per cent to 70 per cent LTV (loans up to £1m) 3.25 per cent to 75 per cent LTV (loans up to £600,000) The loans are available for private individuals on purchases and remortgages, they both have…
Read MoreEstate Agents warned over ‘Portal juggling’
A recent article on the nationaltradingstandards.uk website headlines Estate Agents warned over ‘portal juggling’ It leads… Illegal practice that misleads homebuyers on property websites in the spotlight”. Estate agents who deliberately mislead potential homebuyers through the practice known as ‘portal juggling’ are being warned that they could be prosecuted and face a ban from working…
Read MoreUK House Price Index (HPI) for June 2016
The UK House Price Index (HPI) for June 2016 from the Land Registry. The UK House Price Index shows house price changes for England, Scotland, Wales and Northern Ireland. The June data shows an annual price increase of 8.7% which takes the average property value in the UK to £213,927. Monthly house prices rose by…
Read MoreFitch ratings report UK Property Sector……
Fitch Ratings report-London-16 August 2016 headlines ‘UK Property Sector May Face Long-Term Brexit Pressure’ The UK vote to leave the EU could translate into longer-term negative sentiment for the UK property sector, but is unlikely to directly lead to near-term rating downgrades, Fitch Ratings says. Uncertainty over the form and timing of Brexit will weigh…
Read MoreUK House Price Index England June 2016
UK House Price Index England June 2016 from the Land Registry published yesterday 16th August. Headline Statistics: The average price of a property in England was £229,383 The annual price change of a property in England was 9.3% The monthly price change of a property in England was 0.8% The index figure for England was…
Read MoreShortage of family housing for rent.
A recent news report by Belvoir Lettings posted on their website headlines ‘Stats reveal family housing in short supply’. According to their Q2 rental index it revealed that almost 75% of the Belvoir Network reported a shortage of family housing for the rental market. The survey of Belvoir franchise owners showed a lack of 3-bed…
Read MoreBovis Homes Group Plc half year results
Bovis Homes Group PLC yesterday announced its half year results for the six months ended 30 June 2016. Commenting on the results, David Ritchie, Chief Executive of Bovis Homes Group PLC said: “We have delivered a record number of homes in the first half of 2016 which has driven strong profit growth, improved returns and…
Read MoreRightmove (HPI) August
The Rightmove House Price (HPI) August released today headlines ‘2016 shapes up as a year of two halves’. Miles Shipside, Rightmove director and housing market analyst comments: “Many prospective buyers take a summer break from home-hunting, and those who come to market at this quieter time of year tend to price more aggressively. This summer…
Read MoreBrexit continues to weigh on Construction
The National Housing Federation (NHF) warned only last month about the impact a vote for Brexit would have on the Construction Industry , they now highlight the new figures released by Reuters, the Royal Institute of Chartered Surveyors and the Office for National Statistics which substantiate those warnings. In a news release from (NHF) late…
Read MoreProperty price cuts the highest in London
Home.co.uk released today 12th August their monthly Asking Price Index headlined ‘Average Prices Weighed Down by Steep Falls in London’. Topping the headlines is: Home prices in London continue to fall steeply, down a further 1.2% in just one month. Property marketing times are rising across most parts of the country. Low confidence among sellers…
Read MoreAldermore shrugs off Brexit fears with H1 profit increase
Aldermore Group PLC yesterday announced it’s Half Year results for 2016, reporting strong returns and continued growth, profit before tax increased by 50% to £59m. Phillip Monks, CEO, commented: “It has been another strong six months of operational and financial performance as we delivered double digit growth and an underlying return on equity in the…
Read MoreLonger term tenancies for renters in the (PRS)
Newly appointed Housing Minister Gavin Barwell supports the concept of longer tenancies for renters in the private rented sector (PRS), in reply to a recent House of Commons question he stated he was investigating how to make longer tenancies easier to obtain for tenants. He reportedly said: “My department [the DCLG] has developed a model…
Read MoreHouse Price Growth continues to slow in July
Results from the RICS Residential Market Survey released today 11th August for July headlines ‘House price growth runs out of steam for now’. The survey shows that house price growth continued to slow in the UK in July while key indicators covering price expectations, buyer enquiries, agreed sales and new instructions all remained firmly negative.…
Read MoreFirst-time buyers continue to drive house purchase lending.
News release today from the Council of Mortgage Lenders (CML) headlined ‘First-time buyer lending up 25% in June compared to a year ago’ On an unadjusted basis, in June: Home-owners borrowed £12.3bn for house purchase, up 29% month-on-month and 12% year-on-year. They took out 68,200 loans, up 26% on May and 8% on June 2015. more… On…
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