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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
The number of Buy-to-Let mortgage products goes above 2000 for the first time according to Moneyfacts
The number of Buy-to-Let (BTL) products has now passed the 2,000 mark for the first time on their records according to a recent report from Moneyfacts.co.uk, this comes depsite the BTL market having its fair share of turbulence. Moneyfacts reveal that there are 2,022 BTL mortgage products available at the moment, this figure is up…
Allen Walkey
More than 90,000 sales of land and property received for registration in March 2018 according to HM Land Registry
HM Land Registry Price Paid data for England & Wales – March 2018 includes details of more than 90,000 sales of land and property received for registration. 65,558 were freehold, a 3.4% decrease on March 2017 16,355 were newly built, a 10% increase on March 2017 There is a time difference between the sale of…
Allen Walkey
Shelter’s response to the news that James Brokenshire MP will take up the new role as Secretary of State for the Ministry of Housing, Communities and Local Government.
Responding to the appointment of a new Secretary of State at the Ministry of Housing, Communities and Local Government, Shelter’s CEO Polly Neate said: “We welcome James Brokenshire into his new role as Secretary of State at the Ministry of Housing Communities & Local Government. He will be taking up the role at a critical time, in the…
Allen Walkey
Landlords are Remainers and see Brexit as a Threat
According to a recent poll, landlords in the UK voted to remain in the EU and are more likely to see Brexit as a threat. LandlordNews.co.uk summarises the key findings below. The survey of 500 landlords across the UK by Intus Lettings has revealed that over half (52%) of landlords voted to remain, compared to…
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