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The National Landlords Association (NLA) has appointed a new Chairman, Adrian Jeakings.
The National Landlords Association (NLA) has appointed a new Chairman, Adrian Jeakings. Adrian replaces Carolyn Uphill, who has been Chairman since July 2013. As Chairman, Adrian says he is keen to continue to build the NLA’s voice and authority. “Carolyn has been a fantastic Chairman, and the growth of the NLA during her tenure has been…
Allen Walkey
Open Consultation ‘Domestic Private Rented Sector minimum level of energy efficiency.’
Open Consultation from the Department for Business, Energy & Industrial Strategy dated 19th December 2017 ‘Domestic Private Rented Sector minimum level of energy efficiency.’ Seeking views on amendments to The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 for domestic properties. This consultation closes at 11:45pm on 13 March 2018 Seeking views on…
Allen Walkey
New Shelter report reveals the devastating impact of homelessness in the classroom
As schools break up for the Christmas holidays new Shelter report reveals the devastating impact of homelessness in the classroom A unique investigation by Shelter exploring how teachers view the impact of homelessness on children, reveals that many are struggling to cope with the growing levels of homelessness in their classrooms. In-depth interviews with primary…
Allen Walkey
Homelet reveals average rents rose 0.7% in UK in November.
Latest Homelet Rental Index report – November 2017 data reveals rents in the UK rose by 0.7% in November compared to the same month a year ago, the average monthly rent now stands at £904 a month, when London is excluded, the average UK rental value was £753 in November 2017. Homelet states: Rents in…
Allen Walkey
The rate of house price growth has accelerated over the last six months says Hometrack
The latest Hometrack UK Cities House Price Index – November 2017 reveals UK city house price inflation increases to 6.3%, up from 4.9% a year ago. The rate of house price growth has accelerated over the last six months with robust demand for housing in regional cities outside southern England says Hometrack. Hometrack state: Housing…
Allen Walkey
RLA calls for a review of the UK Government’s Right to Rent scheme
The Residential Landlords Association (RLA) has called for a review of the UK Government’s Right to Rent scheme asking for a full review of the scheme’s impact on tenants. The RLA has revealed that over 40 per cent of landlords across England and Wales are wary of renting to those without a British passport. The…
Allen Walkey
Rising interest rates is causing fixed rate products to grow in popularity according to Paragon Mortgages
Latest press release from Paragon Mortgages headlined ‘Longer-term fixes reach record high.’ Paragon Mortgages latest Financial Advisors Confidence Tracking (FACT) Index report, based on interviews with 199 mortgage intermediaries, shows longer term fixed rate mortgages continue to grow in popularity with homeowners opting for five-year products to benefit from better rates. Paragon Mortgages reveals, the…
Allen Walkey
Bank of England announces Bank Rate remains at 0.5%
The Bank of England announced yesterday 14th December 2017 that at its meeting ending 13 December 2017, the MPC voted unanimously to maintain Bank Rate at 0.50%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee…
Allen Walkey
North of England sees sharp rise in million pound house sales according to Lloyds Bank.
The latest house price data from Lloyds Bank today revealed that sales of million pound properties in northern England strongly outperformed many other parts of the country in the first six months of 2017. The report reveals that overall, there was a modest drop (-1%) in the number of properties sold for more than a…
Allen Walkey
Spike in UK rental market activity for November 2017 according to Agency Express
The latest Agency Express Property Activity Index report for November 2017 headlines ‘Spike in UK rental market November 2017 ‘. Their latest data reveals the national month on month figures for new listings ‘To Let’ sat at 12.6%, and following three consecutive months of decline figures for properties ‘Let’ climbed back to 2.8%. The report…
Allen Walkey
Marked differences in trends across the country according to RICS
Released today the RICS UK Residential Market Survey – November 2017 headlines ‘Activity remains subdued in UK housing market, with little improvement anticipated.’ The report reveals that: Respondents to the November 2017 UK Residential Market Survey suggest activity will continue to be impacted by the continued shortage of new instructions, alongside general economic uncertainty. Simon…
Allen Walkey
Number of loans for remortgaging have been at record levels over last year says UK Finance
Recent statistical report from UK Finance headlines ‘Remortgaging boost continued in October’ The report reveals that non-seasonally adjusted data released by UK Finance 12th October 2017 shows that the number and value of loans for remortgaging and for house purchases rose in October in comparison with a month ago and with the same period in…
Allen Walkey
UK business continues its rapid top line growth says Purplebricks CEO Michael Bruce
Purplebricks Group plc today released their interim results for the 6 months ended 31 October 2017. Group revenue up 150% to £46.8m. Impressive UK performance, raising average revenue per transaction 14%. Commenting on the results, Michael Bruce, Group CEO, said: “We have had a great first half, with strong trading, significant strategic progress and substantial…
Allen Walkey
Bank of England confirms an increase in new residential mortgage lending activity in Q3 2017 from the previous quarter.
Statistical release from The Bank of England published 12th December 2017. Mortgage Lenders and Administrators Statistics – 2017 Q3 reveals: There has been an increase in new residential mortgage lending activity in Q3 2017 from the previous quarter. £70.9 billion of new residential loans was advanced to individuals during Q3 2017. This was a 13.0%…
Allen Walkey
Countrywide reveals London still the accidental Landlord capital of the country
Latest Countrywide PLC Monthly Lettings Index report – Novemver 2017 headlines ‘Accidental landlords add 80,000 rented homes to the market’. In the report it states: The annual rate of rental growth picked up in November, with the cost of a new let across Great Britain rising 1.2% over the last 12 months or 1.6% outside…
Allen Walkey