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Government to review licensing and publishes guidance on HMO changes

Written by Allen Walkey on - Breaking News -

The Government has announced that they are to conduct a review into licensing schemes, with a view to publishing their findings next year. They have also released guidance on the new HMO rules which will come into effect in October this year. David Cox, Chief Executive, ARLA Propertymark, commented: “Licensing doesn’t work, and it never […]

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NTSEAT LAUNCHES agent SuRVey INTO USE OF referral fees

Written by Estate Agent Networking UK on - Breaking News -

National Trading Standards Estate Agency Team (NTSEAT), with the support of The Property Ombudsman and the Property Redress Scheme, have today launched a survey <https://secure.crtviewpoint.com/Online/Survey/36c5c07e-d321-4a6f-a5ca-bfd52f6bbc53> to assess the use of referral fees among estate agents. Following the published response to the Government’s Call for Evidence on home buying and selling (8th April 2018), Ministry of […]

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UK housing market remains resilient according to LSL/Acadata

Written by Allen Walkey on - Breaking News -

Latest LSL Property Services/Acadata England & Wales House Price Index – May 2018 headlines ‘New builds bolster London’. Annual growth rates rise for first time in a year, however transactions down by 6% year-to-date according to HPI report. The report reveals that the UK housing market remained resilient showing a very slight rise in the […]

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The RLA responds to the National Audit Office’s report on the roll out of Universal Credit

Written by Allen Walkey on - Breaking News -

The RLA responds to the National Audit Office’s report  on the roll out of Universal Credit, David Smith, Policy Director for the Residential Landlords Association, commented: “Whilst it is clear that Universal Credit is here to stay, today’s report recognises the difficulties faced by tenants and landlords as a result of rent arrears. The RLA’s […]

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Dwindling stock in north drives prices to new national record

Written by Amy Funston on - Breaking News -

  New record in asking price of newly-marketed property for third consecutive month as steady monthly increases continue, with a 0.4% (+£1,364) rise Spring market concludes with stronger number of sales agreed overall in May, just 2.0% down on May 2017, and up 5.4% on May 2016 However, market conditions vary significantly between the north […]

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Strong growth in remortgaging in April 2018 according to UK Finance

Written by Allen Walkey on - Breaking News -

Latest UK Finance Mortgage Trends Update headlines ‘Remortgaging bounces back as borrowers put their house in order.’ UK Finance’s latest Mortgage Trends Update reveals there was strong growth in remortgaging in April 2018, with new homeowner mortgages up 36 per cent and buy-to-let remortgages up 32.4 per cent compared to the same month a year […]

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OnTheMarket achieve their latest milestone of 9,000 contracted offices just three weeks after reaching 8,500 offices

Written by Allen Walkey on - Breaking News -

OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, announced on the 14th June 2018 that as of 13 June it has signed listing agreements with UK estate and letting agents with more than 9,000 offices. This increase of over 3,500 branches since Admission on 9 February represents growth of more than 63%. […]

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UK Housing market saw a stable trend in new instructions in May according to RICS

Written by Allen Walkey on - Breaking News -

Latest RICS Residential Market Survey report for May 2018 headlines ‘Residential sales flat in May.’ The survey has shown a few signs of life as houses start to come back on to the market, but overall activity has remained flat and is looking unlikely to gain any impetus in the near term. The report reveals […]

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UK average house prices have risen 1.2% since March 2018 according to HM Land Registry data

Written by Allen Walkey on - Breaking News -

Latest UK House Price Index for April 2018 from HM Land Registry. The April data shows: On average, house prices have risen by 1.2% since March 2018.  An annual price rise of 3.9%, which makes the average property in the UK valued at £226,906. In England, the April data shows on average, house prices have […]

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An increase in total gross advances by 3.3% to £62.4 billion compared to last year according to BoE report.

Written by Allen Walkey on - Breaking News -

Bank of England (BoE) – Mortgage Lenders and Administrators Statistics -2018 Q1 published 12th June 2018. Compared to last year, there has been an increase in total gross advances by 3.3% to £62.4 billion. Comparing gross advances to Q4 2017 however, there has been a decrease of 9.6%. The value of new commitments was £61.1 […]

 

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