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Letwin Review: SMEs are crucial to solving the housing crisis
The Review focuses almost entirely on large sites and volume developers overlooking best practice already carried out by SMEs. The Letwin Review rejects criticisms of landbanking and welcomes calls from industry bodies to diversify the housing market and speed up house building on large sites. Small and medium-sized (SME) house builders have previously told the…

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Property Developers – How to Choose the Right One
Buying an off-plan property is one of the biggest financial transaction many people will ever make in their lives. As a result, it only makes sense that you should want to buy from not only the best but also the most reliable real estate developers. Unfortunately, however, there are many inexperienced and profit-minded players in…

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Chestertons kicks off its annual Winter Coat Campaign
Today marks the launch of Chestertons’ annual ‘Winter Coat Campaign’, a joint campaign with London charity ‘Calling London’ which aims to collect thousands of unwanted warm coats to help vulnerable people in London, of all ages, who are sleeping rough or unable to afford a winter coat. Last year, the Calling London Winter Coat Campaign…

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An increase of more than 6000 branches in less than 9 months for OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, is pleased to announce that, as at 30 October, it has listing agreements with UK estate and letting agents with more than 11,500 branches. This increase of more than 6,000 branches since Admission to AIM in February has been achieved in less than nine…

Allen Walkey
Annual house price growth slows in October according to nationwide
Latest Nationwide House Price Index report – October 2018 headlines ‘Annual house price growth lowest since May 2013’. The Nationwide HPI report reveals that annual house price growth in October slows to 1.6%. Commenting on the figures, Robert Gardner, Nationwide’s Chief economist, said: “October saw a slowdown in annual house price growth to 1.6% from…

Allen Walkey
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