Breaking News
More Londoners moving out of capital to search for new home according to Hamptons International
New figures recently published by Hamptons International show that there were 61% more Londoners leaving the capital and buying homes elsewhere in the first half of this year than at the same period 10 years ago. The number of Londoners who bought homes outside the capital rose to 30,280 in H1 2018, a 16% rise…
Allen Walkey
July saw steady growth in mortgage lending according to UK Finance
The latest UK Finance’s Household Finance Update for July 2018 reveals: Gross mortgage lending for the total market in July was £24.6bn, some 7.6 per cent higher than a year earlier. The number of mortgage approvals by the main high street banks in July fell by 0.8 per cent compared to the same month a…
Allen Walkey
OnTheMarket.com signs listing agreements with more than 10,500 offices
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that as of 22 August, it has signed listing agreements with UK estate and letting agents with more than 10,500 offices. This increase of over 5,000 branches since Admission on 9 February represents growth of 91%. The Company believes that it now…
Allen Walkey
A Bargain Buy with a Loo with a Fantastic View in Cornwall
A former public conveniences building is up for auction with Clive Emson, a £15,000 + guide price is set for the smaller sized lot in Penzance, Cornwall. The listing details of the property can be viewed here: https://www.cliveemson.co.uk/properties/204/141/#map It’s exact location can be viewed here on Google Maps: https://www.google.co.uk/maps/@50.1020859,-5.5475258,3a,75y,225.8h,80.15t/data=!3m7!1e1!3m5!1sE8EP2vTZCO6BmTYJeu4LCQ!2e0!6s%2F%2Fgeo3.ggpht.com%2Fcbk%3Fpanoid%3DE8EP2vTZCO6BmTYJeu4LCQ%26output%3Dthumbnail%26cb_client%3Dmaps_sv.tactile.gps%26thumb%3D2%26w%3D203%26h%3D100%26yaw%3D95.520164%26pitch%3D0%26thumbfov%3D100!7i13312!8i6656 A bit of a bargain in store for someone and…
EAN Content
Across UK 4.8 million people could become landlords in 2018 according to Sainsbury’s Bank
New research from Sainsbury’s Bank Mortgages indicates that almost one in 10 (9%) UK adults have shown an interest in taking out a Buy to Let (BTL) mortgage in 2018. This means that across the UK, 4.8 million people could become landlords in 2018. David Buxton, Head of Banking at Sainsbury’s Bank, said: “With demand…
Allen Walkey
Remortgaging in London reaches nine-year high
News update from UK Finance – Mortgage Trends in London Update for Quarter 2 2018 reveals remortgaging in London reached its highest level in nine years in the second quarter of this year as house purchase activity slows. There were 15,200 new homeowner remortgages in London completed in the second quarter, some 16.9 per cent…
Allen Walkey
The number of property transactions falls in July 2018 according to HMRC
HM Revenue and Customs – UK Property Transactions Count – July 2018 The provisional seasonally adjusted UK property transaction count for July 2018 was 99,270 residential and 10,960 non-residential transactions. The seasonally adjusted estimate of the number of residential property transactions decreased by 0.8% betweenJune 2018 and July 2018. This month’s seasonally adjusted figure is…
Allen Walkey
Discrimination against people on housing benefit revealed in new report from Shelter and NHF
A new Shelter and NHF report reveals discrimination against housing benefit tenants is rife Five of England’s leading letting agents actively discriminate against tenants on housing benefit, according to a new report by Shelter and the National Housing Federation (NHF). In an undercover investigation carried out by Mystery Shoppers Ltd. 149 regional letting agent branches…
Allen Walkey
Persimmon announces New Home Sales increased in half year results.
Persimmon plc today announces half year results for the six months ended 30 June 2018. They announced that both Profit before tax and New Home Sales increased. Jeff Fairburn, Group Chief Executive, said: “These strong results reflect the continued successful delivery of the Group’s long term strategy and our commitment to meeting customer demand in…
Allen Walkey
UK households owe almost £19 billion to essential service providers and government in arrears according to Citizens Advice
Citizens Advice is calling for better regulation of unaccountable bailiff firms as it reveals households have fallen behind on their essential bills, such as council tax and utilities, by an estimated £18.9 billion. Figures from the charity show: UK households owe £18.9 billion to essential service providers and government in arrears. This includes tax credit…
Allen Walkey
Home-movers need to act now to move by Christmas
· Average asking prices of newly-marketed property show seasonal drop of 2.3% (-£7,218) this month, as new sellers launch a ‘late summer sale’ to try and find a buyer more quickly · Year-on-year sales agreed numbers (-0.8%) are holding steady with some upturn in prices and buyer activity expected in the Autumn, especially if buyers…
Rightmove
Greater London house prices more than double national average according to Halifax research
Latest research from Halifax reveals that Greater London house prices per square metre stall for the first time in 8 years, prices per square metre rose by less than 1% in Greater London. The greatest increase over the last 12 months was in East Anglia where house prices per m2 rose by 7% to £2,256…
Allen Walkey
‘Help to Buy’ allowed to be taken advantage of by highly paid home owners
Does it come as any surprise that the government is failing at another system that was set up to help the UK property market? A farce or a normal day at the office, whichever way round you look at things sees some embarrassing reports being released, the latest here in full from Daily Mail Online,…
Christopher Walkey
House Price Change by Region
The chart shows that annual growth was highest in the West Midlands, followed by the East Midlands, at nearly 6% and just over 4% respectively. The 0.7% drop in London house prices follows a slowdown that began in mid-2016 and marks the lowest annual growth rate since just after the global financial crash, when prices…
EAN Content
Response to press speculation on three year tenancies
In responding to reports in The Sun that a decision will be announced next week on longer term tenancies, the Residential Landlords Association (RLA) warned that this would be a huge breach of confidence in the democratic process given that the consultation on longer tenancies does not close until 26th August. In a later news…
Allen Walkey