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The extent of monthly house price falls has moderated in London according to Hometrack
Latest Hometrack UK Cities House Price Index report – September 2018 reveals that City house price inflation moderates to 3.2%, down from 3.8% a year ago. Hometrack state that the rate of house price growth across UK cities continues to moderate. The 20-city index is registering an annual rate of house price inflation of 3.2%,…
Allen Walkey
Average asking rents outside London have hit over £800 per month for first time according to Rightmove
Latest Rightmove Rental Price Tracker Q3 2018 report headlines ‘Drop in available rental properties pushes asking rents to record high’. The report reveals that average asking rents outside London have hit over £800 per month for the first time, fuelled by fewer available rental properties for prospective tenants to choose from. Rightmove states that in…
Allen Walkey
Housing: Budget 2018 in Brief from HM Treasury
Housing: Budget 2018 in Brief from HM Treasury The Budget sets out the steps being taken to keep the government on track for housing supply to reach 300,000 a year. Further steps announced at the Budget include: A new Help to Buy Equity Loan scheme that will run from April 2021 for 2 years. •…
Allen Walkey
Response to Autumn Budget from NHF
Responding to the Autumn Budget, Kate Henderson, Chief Executive of the National Housing Federation, said: Housing “The Chancellor’s announcements on housing today are not the wholesale changes needed to fix our broken housing market. “We desperately need tens of thousands more social homes to be built every year, which is why we are disappointed that…
Allen Walkey
Response from RLA to the Chancellor’s Budget
Responding to the Chancellor’s Budget statement, David Smith, Policy Director for the Residential Landlords Association, said: “Today’s Budget fails the country’s private tenants. “Whilst the Chancellor again outlined the Government’s desire to boost homeownership, he failed to address the needs of the millions of people who cannot or do not want to rent. “With the…
Allen Walkey
Nottingham joins calls for Government to do more to tackle nightmare homes
Media assets available: pictures of the property targeted by Nottingham City Council in an operation this week, plus pictures of a Nottingham City Council safer housing officer inspecting a property are available here Nottingham City Council has joined calls for the national government to step up its protection of families in private rented properties. A…
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RLA comments on NatWest decision to review its lending practices
Commenting on news that NatWest bank plans to review its lending practices to address concerns that they prevent landlords renting to benefit claimants, David Smith, Policy Director for the Residential Landlords Association said: “With increasing numbers of benefit claimants now reliant on the private rented sector for a home we welcome NatWest’s decision to review…
Allen Walkey
London the only region to see rents fall in England and Wales for September 2018 according to Your Move
Latest Your Move England and Wales Rental Tracker – September 2018 data headlines ‘New academic year keeps rental market ticking over’. Just one region of England and Wales saw rents fall in the year to September 2018 and that was London, prices elsewhere are on the up according to the Your Move Rental Tracker. Martyn…
Allen Walkey
PRS Tenants experiencing rent increases remained high in September according to ARLA Propertmark
The latest ARLA Propertymark Private Rented Sector Report – September 2018 headlines ‘Rate of Rent Increases continues to Rise Year-On-Year’. The report reveals that the number of tenants experiencing rent hikes remained high in September. cox, the current Chief Executive said: “Although the number of landlords increasing rents for tenants dropped in September, this figure…
Allen Walkey
The mortgage market softened slightly in September according to UK Finance
The latest UK Finance’s Household Finance Update for September 2018 reveals that gross mortgage lending across the residential market in September was £21.5bn, some 1.2 per cent lower than last September. Commenting on the data, Eric Leenders, Managing Director of Personal Finance, UK Finance, said: “The mortgage market softened slightly in September, following strong remortgaging…
Allen Walkey
Attwells Solicitors voted best conveyancers in Suffolk by clients in recent property awards.
Attwells Solicitors were voted the best in county for conveyancing in last week’s annual ESTAS Conveyancer Awards ceremony, hosted by Channel 4 Presenter Phil Spencer. The ESTAS Customer Service Awards for 2018 is the leading awards in the UK conveyancing sector. The winners were announced at a glamorous dinner & ceremony at the Grosvenor House…
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A 60 minutes commute into central London can save 60% on the average property according to Lloyds Bank research
Workers in Central London can save an average of £483,342 by commuting up to an hour each day, according to new research by Lloyds Bank. Lloyds Bank reveals that homeowners living 60 minutes outside of Central London pay 60% less for average property. Andrew Mason, Mortgages Director at Lloyds Bank, said: “Buying a home in…
Allen Walkey
Belvoir to list all of its Group’s UK residential sales and lettings properties at OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, today announces that Belvoir Lettings PLC, the UK’s largest property franchise, has signed an agreement with OnTheMarket to advertise all of its Group’s UK residential sales and lettings properties at OnTheMarket.com and will actively promote the portal brand with digital and branch-based marketing activity….
Allen Walkey
Chestertons unveils investment plan after announcing record results
After reporting the strongest August performance in its history and record figures from its Lettings division, Chestertons – one of London’s largest estate agents by market share – has announced that it has embarked on an ambitious investment programme to enable its continued growth and is looking to acquire more lettings businesses. Under the investment…
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Time to end discrimination against benefit claimants by buy to let mortgage providers is the call by the RLA
URGENT action is needed to tackle discrimination against benefit claimants by buy-to-let mortgage providers, this call is being made by the Residential Landlords Association (RLA) following news that a landlord has had the mortgage on a property revoked because she is renting to a benefit claimant. In a letter being sent to the Treasury Minister…
Allen Walkey