Posts by Allen Walkey
2 days to go
Just 2 days to go. YouGov poll puts the Brexit campaign two points ahead: Remain: 42% (-2) Leave: 44% (+1) (17 – 19 Jun) Last night Jeremy Corbyn faced a live Sky News audience of young people aged 18-35. Mr Corbyn said: “It’s a big decision. If we stay in Europe there are implications, if…
Read MoreOne Third of Property Purchases Fall Through
According to a recent survey by consumer organisation Which? it revealed that nearly a third of homebuyers saw their purchase collapse after their offer was accepted. The survey carried out was on 2000 homebuyers in February 2016, 28% said that following an offer being accepted the purchase fell through, 27% giving the reason as a…
Read MoreRightmove (HPI) report June 2016
Rightmove released their House Price Index (HPI) report earlier today with the headlines “Asking prices hit record high despite looming EU vote” In the report they highlight: Housing market momentum pushes price of property coming to market up by 0.8% (+£2,320) to new high of £310,471 Desire to buy and lack of supply lead to…
Read More3 Days To Go
Just 3 days to go before the UK’s referendum on whether or not to continue within the European Union, Thursday 23rd June the day to cast the vote, Friday 24th June the result will be known. This is a time of real concern for many individuals whether they intend to vote Remain or Leave, the…
Read MorePurplebricks group final results
Last Thursday 16th June Purplebricks Group released their final results for the 12 months ended 30 April 2016. Commenting on the results, Michael Bruce, Chief Executive, said: “In just our second full year of operation we are leading change in an industry that has long been stagnant and is only now waking up to the…
Read MoreBig Drop in Lending to Landlords
In its recent press release by the Council of Mortgage Lenders (CML) they headlined that Home-owner house purchase lending was down in April. They mentioned that Home-owners borrowed £8.1bn for house purchase, down 40% month-on-month and 4% year-on-year. First-time buyers borrowed £3.9bn, down 11% on March but up 15% on April last year. Landlords borrowed £2.5bn, down…
Read MoreBelvoir wins Gold Award
Belvoir Lettings plc, the UK’s largest property franchise group, announced yesterday that one of the Group’s brands, Belvoir, has won the Gold award for “Lettings Franchise of the Year” for the sixth time since the awards began seven years ago. The Lettings Agency of the Year Awards in association with The Sunday Times & The…
Read More(ONS) House Price Index: April 2016
House Price Index: April 2016 released yesterday June 14th by the Office for National Statistics: UK average house prices have increased by 8.2% in the year to April 2016 (down from 8.5% in the year to March 2016), continuing the strong growth seen since the end of 2013. The average UK house price was £209,000…
Read Morepossibility of zero interest rates
Projections on the financial markets are now suggesting that interest rates in Britain will not reach 0.75% until May 2020, some experts are infact warning that the Bank of England could even cut rates to zero in the next 12 months. Rates have remained at an all time low now of 0.5% since March 2009,…
Read MoreHelp and Support from (HMRC) for Landlords
News story published on last Friday 10th June by HM Revenue and Customs. Help and Support from (HMRC) for Landlords Webinars, e-Learning, emails and videos for Landlords. Live webinars last for an hour. You can ask questions during the presentation and get answers from the HM Revenue and Customs (HMRC) host. For full details regarding…
Read MoreProperty Bike Ride 2016
The World’s Biggest Property Bike Ride. Thursday 23rd June 2016, will see the return of The Property Bike Ride! Following the success of last year’s event, CBRE are hosting their third property industry bike ride at Denbies Wine Estate in the scenic Surrey Hills, to help them to raise money for their CBRE UK charity…
Read MorePrivate rental sector demand continues to rise
Surveys of more than 1,800 Private Rented Sector (PRS) landlords and tenants undertaken by BDRC Continental on behalf of Paragon Mortgages has revealed a high degree of tenant satisfaction, and the role landlords see the PRS playing in the provision of housing in the UK. Demand for properties to rent rose in the first quarter…
Read MoreBill to Ban agents from charging tenants letting fees
Baroness Olly Grender a Liberal Democrat Peer points out in her blog on Huffington Post, that private renters are being failed by a housing market stacked against them and it is time for a serious shift in power towards this growing group of consumers. Baroness Grender a former senior figure at shelter has introduced a…
Read MoreThree complaints against eMoov upheld by ASA
The Advertising Standards Authority (ASA) the advertising watchdog, has upheld three complaints made about a promotion and claims advertised by online estate agent eMoov.co.uk. The complaint from a consumer, concerned statements on the eMoov website. According to the ASA website…action taken…The ad must not appear again in its current form. We told EMOOV LTD to…
Read MoreFall in house prices predicted.
Members of The Royal Institution of Chartered Surveyors (RICS) are predicting a drop in UK house prices that is expected to be short lived, it citied the EU referendum and the cooling of the market following changes to stamp duty charges in April for this. Beyond that they expect houseprices to rise by slightly more…
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