Breaking News
Compulsory Client Money Protection “is imminent” as key provisions come into force
Today [19 March 2018], key provisions relating to Client Money Protection, as published by the government in February, come into force, allowing the secretary of state to pass regulations. Although the exact details of when and how the system will work are yet to be confirmed, Tim Frome, Associate Director at Hamilton Fraser, administrator for…
EAN Content
Prices hit record highs in first-time and second-stepper sectors
Average asking price of newly-marketed property jumps by 1.5% (+£4,503) this month as strong demand from home movers in the first two months of the year now feeds through to stronger upwards price pressure: First-time and second-stepper sectors hit all-time price highs of £189,840 and £272,031 Overall average prices also hit new record in…
Rightmove
Santander confirms a three year extension to its valuation and risk services partnership with Hometrack
In a latest news release from ZPG plc dated 15th March 2018 it reveals: Santander has confirmed a three year extension to its valuation and risk services partnership with Hometrack, covering collateral risk management solutions including AVM modelling and ongoing portfolio valuations. The latest licence agreement continues a fruitful 11 year relationship between the two…
Allen Walkey
Crackdown on those renting out overcrowded and dangerous homes
Measures to improve overcrowded and dangerous living conditions of private tenants in shared homes were laid before Parliament yesterday (15 March 2018) by Housing Minister Heather Wheeler. Councils are being given tough new powers to tackle the small minority of rogue landlords who rent out overcrowded properties and impose fines of up to £30,000 for…
Allen Walkey
Remortgages hit nine year high in January 2018 according to UK Finance
UK Finance’s latest mortgage trends update released 14th March 2018 reveals, the number of remortgages in January 2018 reached a nine-year high while the number of first-time buyers and home movers both increased compared to the same period in the previous year. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said:…
Allen Walkey
Savills announces strong results from continued growth across its global network.
Savills plc today announced preliminary results for the full year ended 31st December 2017. Savills plc, announced strong results from continued growth across its global network. Commenting on the results, Jeremy Helsby, Group Chief Executive, said: “Savills has delivered another strong performance in 2017. Revenue and profits grew in each of our global Transaction Advisory,…
Allen Walkey
Newport named fastest moving market as available properties up for sale drop by a third
Time to secure a buyer in the Welsh city drops from 76 to 52 days over the past year Upcoming scrapping of Severn Bridge tolls and priced-out buyers from Bristol have led to a surge in buyers flocking to the Welsh city of Newport with agents reporting lengthy buyer waiting lists The demand has led…
Rightmove
Property Developers Forced to Build and Not Hold Land as an Asset
The Prime Minister has been calling out to developers who profit from building expensive properties and those who profit by not building at all. She is calling on the developers to “do their duty for Britain” and build more affordable homes rather than sitting on their land as an asset. There is a large gap…
EAN Content
1,000 plus agent branches contracted to OnTheMarket since admission to AIM
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, announced today that in the first 5 weeks since Admission to AIM (Alternative Investment Market), additional agent firms with more than 1,000 offices are now in listing agreements with it. The total number of UK estate agency offices now covered by listing agreements with…
Allen Walkey
Buy-to-Let lending decreased in Q4 2017 according to BOE
Bank of England published 13th March 2018 Mortgage Lenders and Administrators Statistics – 2017 Q4 New residential mortgage lending activity decreased in Q4 2017 from the previous quarter. In total £69.1 billion of new residential loans were advanced to individuals during the quarter. This was a 2.5% decrease compared to the previous quarter however a…
Allen Walkey
Ministry of Defence appoints Lambert Smith Hampton for two year online auction contract
LSH have secured a sale mandate with Defence Infrastructure Organisation, part of the Ministry of Defence, to facilitate the sale of property and land through their pioneering online auction platform. Robert Stone, Head of Estates at the DIO said “The MOD has committed to reducing its estate by 30 per cent by 2040, the appointment of…
EAN Content
Students expected to survive on £1 a day after rent
Average student rent now £566/month, leaving just £36 of Maintenance Loan to cover ALL other living costs 44% of students admit they can’t keep up with housing costs 1 in 3 believe accommodation is poor value for money Poor conditions and invisible landlords are common but housemates cause biggest headaches The cost of accommodation sees many students facing financial hardship –…
EAN Content
Joseph Murphy leaves Orchards of London
Co-founder Joseph Murphy leaves Orchards of London, which now becomes part of The Hogarth Property Group. Paul Connolly, CEO of The Hogarth Property Group has completed the acquisition of the full shareholding in multi award winning Orchards of London who have offices in Ealing, Acton, Chiswick and Shepherds Bush from co-founder Joseph Murphy. Based in…
EAN Content
National Landlords Association seeking regional reps
The National Landlords Association (NLA) is seeking property professionals to be its local representatives across the country. Local representatives are the faces of the NLA in their communities and are greatly valued by those they work with, including staff at the NLA head office, local businesses, and landlords. In this role, local representatives will run…
EAN Content
Bubbly London prices slowly deflating according to Home.co.uk
The latest Home.co.uk Asking Price Index report – March 2018 released today headlines ‘North West Prices March On Up’ The report reveals: Strong price growth in the North West, East Midlands, East and Yorkshire., however London prices slide yet again and South East prices stall. Doug Shepherd, Dircetor at Home.co.uk said: “Ultra-low interest rates have…
Allen Walkey