Posts by Allen Walkey
A more efficient house purchase system
According to an article yesterday in The MailOnline News, ministers are planning to shake up the housing market to protect the thousands of people every year who suffer the disappointment and expense of their sale falling through. The Government signalled its intentions In the Budget in March by reportedly saying, ‘We will publish a call…
Read MoreHalifax releases (HPI) April
Released today the Halifax House Price Index (HPI) for April, annual house price growth eases to 9.2%. Prices in the three months to April were 9.2 % higher than in the same three months a year earlier. House prices in the latest three months (February-April) were 1.5% higher than in the preceding three months. Commenting,…
Read MoreAnother lender raises age limit on mortgages
Following on from the recent announcement from Halifax Bank part of Lloyds Banking Group, which increased its upper age limit for mortgages from 75 years to 80 years, the Nationwide has now announced that is raising its age limit for people paying off mortgages by 10 years to 85. This is a further endorsement of…
Read MoreImplications of “Brexit on UK property market
A vote to leave the European Union “Brexit” would cause house prices to fall significantly, George Osborne has said. The Chancellor reportedly said yesterday on the ITV’s Peston on Sunday show “It’s already clear from the Treasury analysis that for example, there would a significant shock to the housing market, that would hit the value of…
Read MoreSigns of the times for mortgages
Mortgage lenders have recently announced changes to their rules as to how mortgages will in the future be offered to their clients in an effort to deal with the high prices of property and changes in demographics. The Halifax bank part of Lloyds Banking Group – the largest retail bank in the UK is increasing…
Read MoreNLA approved as training provider for Rent Smart Wales
The National Landlords Association (NLA) have announced that they have been approved as an official Rent Smart Wales training provider. The NLA have secured approval to provide training for both landlords and letting agents, they will be working in association with the UK Association of Letting Agents (UKALA). The scheme requires all landlords and letting…
Read MoreFrench Property enquiries increase.
The clock is ticking for the EU Referendum in June, when the decision is finally known and if it is a “Remain Vote” it will probably give the green light to “Brits” interested in purchasing a property in France. According to French property luxury home property specialist, Home Hunts. inquiries are up by 60% in…
Read MoreNew Tenancy rents continue to rise.
The HomeLet Rental Index figures released yesterday show that rents agreed on new tenancies across the UK over the three months to the end of April have continued to grow at remarkably consistent rate. They state: Rents rise in all but one regions of the UK over three months to April, despite concerns about impact…
Read MoreHousing Bill amendments rejected by Government.
The government yesterday rejected all of the 13 amendments the Lords put to the Housing Bill. This bill is the first piece of legislation that comes under English votes for English laws reform, that means that SNP MPs are not able to vote on it, securing a strong majority of the Tories in the Commons.…
Read MoreBank of Mum and Dad
Legal & General, the FTSE100 financial services group and Cebr, the economics consultancy, yesterday published a new report into the role the Bank of Mum and Dad play in helping their children get on, or move up the property ladder. The research shows the Bank of Mum and Dad will lend over £5 billion, providing…
Read MoreProperty Transactions likely to slowdown.
The outlook for the UK property market according to certain analysts is looking somewhat unpredictable at present, mainly due to the uncertainty surrounding the EU referendum vote set for 23rd June. Most recent polls give the “Remain” a lead over the “Leave”, however it is close and with a fair number of undecided voters it…
Read MoreThe Race for London Mayor
The 2016 London Mayoral election will be held on 5th May to elect the new Mayor of London, the London assembly election will take place on the same day. The are twelve candidates presently contesting to become London mayor and succeed Boris Johnson, the two candidates at the head of the contest according to the…
Read MoreDubai Property Show in London
The Dubai Property Show takes place in London between 13th and 15th May at Olympia West. Brits are reportedly now the second largest group of investors in Dubai’s property, with UK investment almost doubling in three years. Appartments account for 77% of purchases according to Sultan Al Suwaidi, Partner at Sumansa Exhibitions, which is organising…
Read MoreNumber of Empty Homes at its Lowest
Figures released by the Government yesterday shows that the number of empty homes is now at its lowest level since records began. A Housing statistical release by The Department for Communities and Local Government on Dwelling Stock Estimates 2015 England. There were 23.5 million dwellings in England at 31 March 2015, an increase of 171,000…
Read MoreLSL Property Services AGM yesterday
LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, held its Annual General Meeting (AGM) yesterday in London. Market Backdrop as included in their AGM statement Market volumes, as measured by Bank of England Total Mortgage and Total House Purchase Approvals, have increased significantly in the…
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