Breaking News
RLA comments on young people now facing consequences of rented homes supply crisis
Responding to a new analysis by the BBC on the cost of renting for young people, RLA Policy Director, David Smith, commented: “With a majority of under 35s living in rented housing, it is young people now facing the consequences of the supply crisis facing the private rental market. “The Government’s own data shows that…
Allen Walkey
Shelter’s updated response to the scrapping of council borrowing caps.
Shelter’s updated response to the scrapping of council borrowing caps. This represents a major reform that will allow councils to deliver desperately needed affordable homes – and allow them onto the playing field as significant housebuilders. Previously there was a prohibitive cap on how much councils could borrow against their assets to fund new housing…
Allen Walkey
Economists overseas predict 10-20% House Price Falls – Reality or fiction?
My morning browse through videos on Youtube, that is what appears on my timeline that they assume I’ll be interested in viewing, brought up not only negative news in my world of football (Manchester United vs Jose Mourinho), but also a line of negative news in the world of property. One such video from ABC…
Christopher Walkey
NFB: low-skilled does not mean low value
The new skills-based system will create an additional barrier to building. The NFB would like the Government to consider an exemption for those in the construction industry, or an extended transition period. The Prime Minister Theresa May is to unveil a new skills based system as part of her post-Brexit immigration plans. Under the proposals…
EAN Content
FCC Paragon partners with Labrador as part of new online support package for tenants and agents
FCC Paragon, a tenancy referencing firm with over 25 years’ experience in the lettings industry, has just launched MyMoveIn, an online platform that supports a tenant’s home move process by assisting with the setup of utilities, services and notifications, whilst simultaneously creating the opportunity for multiple revenue incomes for letting agents. With the upcoming tenancy…
EAN Content
OnTheMarket announces record traffic to it’s portal in September
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, announces today that as of 01 October, it has signed listing agreements with UK estate and letting agents with more than 11,000 offices. This is more than twice the number listing at the time of the Company’s Admission to AIM on 09 February 2018….
Allen Walkey
Annual house price growth stable in September according to Nationwide
Latest Nationwide House Price Index report – September 2018 headlines ‘Annual house price growth steady in September’. The report reveals that UK annual house price growth was steady at 2%, prices increased 0.3% during the month taking into account seasonal factors. The North was the weakest performing region in Q3 according to Nationwide. Commenting on…
Allen Walkey
Number of approvals for remortgaging increased in August – Bank of England
Bank of England – Money and Credit – August 2018 published today 1st October 2018. Household borrowing growth moderated slightly in August. Annual consumer credit growth slowed to 8.1%, while secured lending growth ticked down to 3.1%. The number of approvals for remortgaging, which has been volatile in recent months, increased to 53,125 in August….
Allen Walkey
Business confidence bounced back from August’s nine-month low according to Lloyds Bank.
Lloyds Bank’s Business Barometer for September 2018 headlines ‘Business confidence recovers after August blip as economic optimism rises’. Business confidence – an average of business prospects and economic optimism – bounced back from August’s nine-month low, rising six points in September to 29 per cent, according to the latest Business Barometer from Lloyds Bank Commercial…
Allen Walkey
40% of tenants in the Private Rented Sector saw their rents rise in August according to ARLA Propertymark
Latest ARLA Propertymark Private Rented Sector Report – August 2018 headlines ‘Rents Hit Record High’. The report reveals that in August, the number of tenants experiencing rent hikes increased to 40 per cent, from 31 per cent in July. This is the highest figure recorded since records began in January 2015. The demand from tenants…
Allen Walkey
UK City house price inflation running at 3.9% according to Hometrack
Latest Hometrack UK Cities House Price Index report – August 2018 reveals that UK city house price inflation running at 3.9%, ranging from +7.5% in Liverpool to -3.9% in Aberdeen. The report states: Rising house prices mean the income to buy has grown by 18% since 2015 despite lower mortgage rates. The near-term outlook for…
Allen Walkey
BREXIT VOTING CITIES LEADING UK PROPERTY MARKET CONFIDENCE, ACCORDING TO NETANAGENT.COM
Key pro-Leave areas like Hull, Bradford and Stoke-on-Trent are showing the most confidence in property market, according to stats from comparison site NetAnAgent.com Recent stats suggest some of the most ardent Leave voting areas of the UK are still amongst the most confident in the property market – when it comes to selling homes. …
EAN Content
Remortgaging continued to dominate in August according to UK Finance
UK Finance Household Finance Update – August 2018 published today. The update reveals that gross mortgage lending for the total market in August was £24.1bn, some 1.2 per cent lower than a year earlier. Commenting on the data, Peter Tyler, Director, UK Finance, said: “Remortgaging continued to dominate in August, as homeowners took advantage of…
Allen Walkey
One week until new mandatory HMO licensing comes into effect
With an extension of the rules bringing a wider range of houses in multiple occupation (HMO) into the mandatory licensing regime coming into effect on 1 October, landlords have just one week to apply for a licence. This licensing requirement applies to all properties that meet the following criteria: is occupied by five or more…
EAN Content
Response to Labour plans for Private Rented Housing
In response to the Shadow Housing Secretary, John Healey MP’s proposals to end the use of Section 21 notices in the private rented sector announced at the Labour Party Conference, David Smith, Policy Director for the Residential Landlords Association, said: “Many landlords resort to Section 21 notices because the alternative procedures take too long to…
Allen Walkey