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Mortgage arrears at lowest levels since records began according to UK Finance.
Latest UK Finance Mortgage Arrears and Possessions Update released yesterday 10th May 2018 for the first quarter of 2018 headlines ‘Mortgage arrears at record low in Q1 2018.’ The update revealed: 1,200 homeowner mortgaged properties were taken into possession in the first quarter of 2018, unchanged from the same quarter of the previous year. Jackie…
Allen Walkey
On average, branches are returning to ZPG at the rate of over 100 per month since February
ZPG, owner of Zoopla and PrimeLocation, reports today it has seen more than 100 branches per month on average return to its platform during the 3 months since Onthemarket (OTM) dropped its one-other portal rule in February. The rate of branches returning to ZPG during the three months following OTM’s IPO has more than doubled…
Allen Walkey
Barratt Developments PLC reports trading since beggining of year has been strong across the country
Barratt Developments PLC states in their trading update issued today that trading is strong and the outlook for the full year remains in line with the Board’s expectations. The market fundamentals remain supportive, with the Group delivering a strong performance across the business since the start of the calendar year driven by robust customer demand…
Allen Walkey
The National RICS Price balance figure for April 2018 is the most negative since Novemner 2012
The latest RICS UK Residential Market Survey report – April 2018, released today headlines ‘Buyers enquiries and sales stabilise in April, as house prices dip’. The report reveals that house prices at a national level dipped marginally in April, while they continue to fall in London and the South East in particular. Both new buyer…
Allen Walkey
Million pound house sales hit new high in 2017
New house price data from Lloyds Bank Private Banking reveals that the number of properties sold for more than a million pounds in Great Britain grew by 5% in 2017, compared to 2016, in the last decade million pound home sales are up by 73%. Louise Santaana, Head of UK Wealth Lending, Lloyds Banking Group,…
Allen Walkey
Shelter’s response to government funding into three regional programmes to help rough sleepers
Shelter’s response to the announcement that the government will be putting £28 million of funding into three regional programmes to help rough sleepers. The Housing First pilots will run in Greater Manchester, the West Midlands, and the Liverpool City Region. Shelter’s CEO Polly Neate said: “With rough sleeping at it’s highest in a decade this action to help…
Allen Walkey
Housing demand has softened in early months of 2018 according to Halifax
Latest Halifax House Price Index report – April 2018 released today headlines ‘Annual House Price Growth at 2.2%’. House prices in the three months to April 2018 were 2.2% higher than in the same three months a year earlier according to Halifax. The report reveals that on a monthly basis, prices fell by 3.1% in…
Allen Walkey
Rents in London increased by 4.5% in April 2018 than in the same month of 2017 according to Homelet.
Latest Homelet Rental Index report – April 2018 data, released today reveals that average rents across the UK rose by 1.5% in April 2018 when compared to the same month a year previously; the average monthly rent is now £918. When London is excluded, the average UK rental value was £761 in April 2018, this…
Allen Walkey
Property Agents Must Join a Client Money Protection Scheme by April 2019
The Government has set out regulations to implement mandatory membership of a client money protection scheme for all property agents in England from 1st April 2019. The maximum penalty for non-compliance will be £30,000. Tim Frome, Associate Director at Hamilton Fraser, administrator for existing scheme Client Money Protect (CMP) comments: “We are delighted that the…
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Landlords need to comply with GDPR
Residential Landlord in their latest news article brings to the attention of landlords that they should be aware by now that from 25th May this year, General Data Protection Regulations (GDPR) will be introduced which will replace the Data Protection Act and from that date, landlords will have to ensure that their businesses do meet…
Allen Walkey
Construction sector activity in the UK economy rose at its fastest pace for five months.
The latest IHS Markit/CIPS UK Construction Purchasing Managers Index (PMI) headlines ‘House building recovery after snow disruption underpins modest construction rebound in April’. The construction sector activity in the UK economy rose at its fastest pace for five months a new report from Markit Economics showed on Wednesday. The final Purchasing Managers’ Index (PMI) in…
Allen Walkey
Landlords in the East of England most positive about the future according to Paragon
Landlord confidence across a range of measures remained stable or increased in the first quarter of 2018 compared with the end of last year, according to a recent survey carried out on behalf of Paragon. Paragon reveal that landlords in the East of England were most positive about the future, with over half (53%) of…
Allen Walkey
Government publishes Tenant Fees Bill to ban letting fees across England
The Government has now published it’s Tenant Fees Bill, which will ban all letting and agents fees charged to tenants by agents and landlords in England. The new government bill to ban letting fees across England is set to save tenants millions of pounds and make the market fairer and more transparent. The Bill will…
Allen Walkey
OnTheMarket increases listing agreements to 7500 agent branches
OnTheMarket announced yesterday 2nd May 2018 that they had increased listing agreements to 7,500 agent branches, adding 2,000+ branches since Admission to AIM in February OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, announced that as of 25 April it has signed listing agreements with estate agents that have a total of…
Allen Walkey
ZPG PLC announces that it has agreed to sell Hometrack Australia Pty Limited to REA Group Limited
ZPG Plc, which owns and operates some of the UK’s most trusted digital brands that help empower smarter property and household decisions including Zoopla, uSwitch, Money, PrimeLocation and Hometrack, announces that it has agreed to sell Hometrack Australia Pty Limited to REA Group Limited, subject to approval from the Australian Competition and Consumer Commission. Alex…
Allen Walkey