Breaking News
First-time buyer mortgage numbers ‘highest level since 2006’
Added interest in the first time buyer market has been reported via The Yorkshire Building Society stating that “367,038 first-time buyers secured mortgages in 2018, up from 362,800 in 2017″. 50% of new mortgages are said to have been from First Time Buyers. Facts resulting in this include stamp duty relief for first time buyers along…
EAN Content
Gross mortgage lending across the residential market in November was £23.1bn according to UK Finance
Latest UK Finance’s Household Finance Update – November 2018 reveals that gross mortgage lending across the residential market in November was £23.1bn, 2.0 per cent lower than November 2017. The number of mortgages approved by the main high street banks in November was 10.6 per cent lower than November 2017; approvals for house purchase were…
Allen Walkey
What’s in store for Online / Hybrid Estate Agents in 2019?
We must certainly admit that 2018 was a roller coaster ride for the online / hybrid estate agency world and ultimately the Mike Tyson vs Evander Holyfield showdown against traditional high street agencies never really materialised. Just under 10% of new instructions in 2018 went to online estate agents (still a great achievement) with a…
Christopher Walkey
Londoners purchased £30 billion worth of property outside the capital in 2018 according to Hamptons International
In 2018 Londoners purchased £30 billion worth of property outside the capital, this is the highest level since 2007 according to Hamptons International most recent press release. Hamptons International reveal that the average price of a home bought by a Londoner outside the capital has also risen and now stands at £398,910 – the highest level…
Allen Walkey
Property sales rate plummets in London and South East, but West Midlands, North West and Wales defy Brexit uncertainty
Property sales rates in Greater London and the South East have fallen by seven percent and eight percent respectively over the last two years, according to data published today by Quick Move Now. The figures also revealed that the West Midlands, North West and Wales are defying the national property market slow-down, with significant sales…
EAN Content
Home ownership rates for families aged 25-34 are rising for the first time in 30 years according to Resolution Foundation
Home ownership rates for families aged 25-34 are rising for the first time in 30 years, but high barriers to entry facing first-time buyers remain acute, according to new analysis recently published by the Resolution Foundation. Home ownership rates among 25-34 year olds have risen by 3 per cent since they hit the rock bottom…
Allen Walkey
Shelter responds to new ONS stats on the number of people who have died homeless.
Greg Beales, campaign director at Shelter said, “This appalling loss of life should be a source of national shame. There is nothing inevitable about homelessness or about these tragic deaths which are a consequence of a housing system which fails too many people. “This new research from the ONS shows 597 people died homeless in one…
Allen Walkey
No deal and Immigration White Paper are damaging to construction
Leaving the EU without a deal would be more catastrophic for the construction industry than the financial crisis of 2008 The National Federation of Builders (NFB) believes that leaving the EU without a deal would be more catastrophic for the construction industry than the financial crisis of 2008, when it lost more than 250,000 skilled…
EAN Content
Rogue Landlord fined £1,000’s
Though this situation would probably have been a bad experience for all involved, it is also important to realise and for the good of the industry, see that any illegal practises taking place within the UK rental industry are appropriately dealt with. A recent story initially read on Swindon Advertiser highlighted the case between Mr…
EAN Content
Landmark 500 affordable homes built by Nottingham City Homes
Nottingham City Homes (NCH) has reached a significant milestone – having now built over 500 affordable homes for local people across the city. As well as being UK Landlord of the Year, NCH works closely with Nottingham City Council to build high quality, decent homes for Nottingham people and has delivered over 500 new affordable…
EAN Content
NCH offers leasing option to property owners
Property owners in the city are guaranteed a monthly rental return under a new housing leasing scheme for Nottingham. UK Landlord of the Year Nottingham City Homes, will lease properties from property owners for an agreed period of one to five years, and will fully manage them, from letting through to delivering repairs and gas…
EAN Content
3.2% price fall over last two months tempts bargain-hunting buyers
The price of property coming to market drops by 1.5% (-£4,496) this month with new seller asking prices now on average nearly £10,000 lower than in October This is the biggest fall over two consecutive months since 2012, as sellers try to attract buyers despite a combination of the usual Christmas slowdown, stretched affordability…
Rightmove
Howard Cundey Live funding on Crowdcube
The familiar brand of Howard Cundey are currently raising investment via the crowdfunding platform Crowdcube. The 24/7 online estate agency concept who recently moved from the high street to online and offer prices for selling your property starting from just £599 are seeking £200,000 for 16.17% equity. A modest £1 million pound valuation and a…
EAN Content
Folly over Brexit decision brings amount of buyers, sellers and prices down
Theresa May could not make the country look any weaker or foolish with her certainly doing her very best to bring about the slow clapping and jeering from across the EU waters as she stumbles (or break dances) in front of the army of EU elitists. With this globally seen act of undemocracy from her…
Christopher Walkey
London’s Mayor continues his disastrous leadership with a new U-Turn on Rent Controls
We are now all fully aware of the massive increase in knife crimes and murders in London following the so called Mayor of London’s tenure. With many calling for him to leave and poor figures to support a further few years of increased crime in London, we now have another failing with a u-turn on…
Christopher Walkey