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Annual house price growth stable in September according to Nationwide
Latest Nationwide House Price Index report – September 2018 headlines ‘Annual house price growth steady in September’. The report reveals that UK annual house price growth was steady at 2%, prices increased 0.3% during the month taking into account seasonal factors. The North was the weakest performing region in Q3 according to Nationwide. Commenting on…
Allen Walkey
Number of approvals for remortgaging increased in August – Bank of England
Bank of England – Money and Credit – August 2018 published today 1st October 2018. Household borrowing growth moderated slightly in August. Annual consumer credit growth slowed to 8.1%, while secured lending growth ticked down to 3.1%. The number of approvals for remortgaging, which has been volatile in recent months, increased to 53,125 in August….
Allen Walkey
Business confidence bounced back from August’s nine-month low according to Lloyds Bank.
Lloyds Bank’s Business Barometer for September 2018 headlines ‘Business confidence recovers after August blip as economic optimism rises’. Business confidence – an average of business prospects and economic optimism – bounced back from August’s nine-month low, rising six points in September to 29 per cent, according to the latest Business Barometer from Lloyds Bank Commercial…
Allen Walkey
40% of tenants in the Private Rented Sector saw their rents rise in August according to ARLA Propertymark
Latest ARLA Propertymark Private Rented Sector Report – August 2018 headlines ‘Rents Hit Record High’. The report reveals that in August, the number of tenants experiencing rent hikes increased to 40 per cent, from 31 per cent in July. This is the highest figure recorded since records began in January 2015. The demand from tenants…
Allen Walkey
UK City house price inflation running at 3.9% according to Hometrack
Latest Hometrack UK Cities House Price Index report – August 2018 reveals that UK city house price inflation running at 3.9%, ranging from +7.5% in Liverpool to -3.9% in Aberdeen. The report states: Rising house prices mean the income to buy has grown by 18% since 2015 despite lower mortgage rates. The near-term outlook for…
Allen Walkey
BREXIT VOTING CITIES LEADING UK PROPERTY MARKET CONFIDENCE, ACCORDING TO NETANAGENT.COM
Key pro-Leave areas like Hull, Bradford and Stoke-on-Trent are showing the most confidence in property market, according to stats from comparison site NetAnAgent.com Recent stats suggest some of the most ardent Leave voting areas of the UK are still amongst the most confident in the property market – when it comes to selling homes. …
EAN Content
Remortgaging continued to dominate in August according to UK Finance
UK Finance Household Finance Update – August 2018 published today. The update reveals that gross mortgage lending for the total market in August was £24.1bn, some 1.2 per cent lower than a year earlier. Commenting on the data, Peter Tyler, Director, UK Finance, said: “Remortgaging continued to dominate in August, as homeowners took advantage of…
Allen Walkey
One week until new mandatory HMO licensing comes into effect
With an extension of the rules bringing a wider range of houses in multiple occupation (HMO) into the mandatory licensing regime coming into effect on 1 October, landlords have just one week to apply for a licence. This licensing requirement applies to all properties that meet the following criteria: is occupied by five or more…
EAN Content
Response to Labour plans for Private Rented Housing
In response to the Shadow Housing Secretary, John Healey MP’s proposals to end the use of Section 21 notices in the private rented sector announced at the Labour Party Conference, David Smith, Policy Director for the Residential Landlords Association, said: “Many landlords resort to Section 21 notices because the alternative procedures take too long to…
Allen Walkey
Shelter response to Labour plans to tax second homes
Shelter response to Labour announcement that they will tax second homes and earmark the money for councils to help families housed in temporary accomodation – please see our response below. Polly Neate, CEO at Shelter said: “Our housing crisis has reached such depths that tens of thousands of families are being tipped into homelessness and…
Allen Walkey
Current number of properties to let in Greater London at lowest since March 2015 according to Home.co.uk
The number of available properties to rent is falling at an alarming rate, particularly in Greater London, according to latest figures from Home.co.uk. The recent press release reveals that the number of available homes to rent in Greater London that have been on the market for 20 weeks or less plummeted by 24% over the…
Allen Walkey
LAND & NEW HOMES NETWORK AND RELOCATION AGENT NETWORK UNVEILS NEW PX PARTNERSHIP FOR HOUSE BUILDERS
Land & New Homes Network the pioneering property network has announced a collaborative part exchange and assisted move offering with Relocation Agent Network that will benefit house builders across Britain. The new service will link leading independent estate agents and enable them to market part exchange properties from any region – a move that will…
Jerry Lyons
The Property Ombudsman Scheme receives over 100 complaints for one agent
Agent expelled for non-payment of awards Camborne Properties Limited trading as Harper Brooks, a sales and lettings & management agent in Liverpool, has been expelled from The Property Ombudsman (TPO) scheme for the non-payment of awards. TPO can confirm that they have received over 100 separate complaints from leaseholders regarding Harper Brooks who defaulted on…
EAN Content
NFB: We need homes now, not promises in four years
The NFB welcomes £2bn of extra funding, but housing associations should not have to wait until 2022 for it to become accessible. Prime Minister Theresa May will tell the National Housing Federation (NHF) that £2 billion of new cash will be available for housing associations from 2022 to build and manage tens of thousands of…
EAN Content
Leading North East agent signs long-term agreement to list at OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that leading full-service North East agent Pattinson has signed up to advertise its UK residential sales and lettings properties at OnTheMarket.com. Under the long-term agreement, Pattinson has also agreed actively to promote the OnTheMarket.com portal brand with digital and branch-based marketing activity….
Allen Walkey