Breaking News
20% of landlords plan on selling up
The National Landlords Association’s (NLA) latest research shows that 20% of its members plan to reduce the number of properties in their portfolio in the next year – the highest level of intended property sales in 10 years. The NLA believes this is due to recent tax changes, and has created a series of videos…
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House Builder Barratt Developments Plc delivers strong first half performance
Barratt Developments PLC today issued a trading update in respect of the six months ended 31 December 2017 ahead of publication of its interim results on 21 February 2018. In the trading update they mention: The Group has delivered a strong first half performance, with good customer demand driven by a positive market backdrop. David…
Allen Walkey
#PropTechDen – January 2018 – London
#PropTechDen has grown to be one of the UK’s top events for proptech networking and funding taking place both in London and Manchester throughout the year. Our last event in October 2017 drew over 130 to Google Campus in London where 5 start up companies pitched to a panel of 10 VC / Investors. Next…
Allen Walkey
MARKET FIRST AS TOTAL LOSS CLIENT MONEY PROTECTION BROUGHT TO AGENTS
Let Alliance and the UK Association of Letting Agents (UKALA) have today (9 January 2018) announced a strategic partnership which will bring total loss client money protection (CMP) insurance to UKALA members. The announcement means that consumers will be able to access total loss CMP cover through their letting agent for the first time, with…
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Taylor Wimpey achieves strong financial and operational performance in 2017
Taylor Wimpey today issued a trading statement ahead of its full year results for the year ended 31 December 2017, which will be announced on 28 February 2018. Pete Redfern, Chief Executive, commented: “We achieved a strong financial and operational performance in 2017 and are continuing to deliver against our strategy. Despite wider macroeconomic uncertainty,…
Allen Walkey
NLA responds to Cabinet reshuffle
Commenting on the formation of the new Department for Housing, Communities and Local Government (DHCLG), Richard Lambert, CEO at the National Landlords Association (NLA), said: “We welcome the Prime Minister’s announcement today. Housing strategy should be at the forefront of the Government’s thinking. “However, we hope that this works out to be more than just…
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Lee Wainwright appointed CEO of Purplebricks’ UK operations
Purplebricks Group plc the hybrid estate agent, has announced today that Lee Wainwright has been appointed Chief Executive Officer of the Purplebricks’ UK operations with immediate effect. Commenting on the announcement, Michael Bruce, Group Chief Executive, said: “We are very fortunate to have someone of Lee’s experience and track record in the industry heading up…
Allen Walkey
Greater importance given to Housing in Theresa May’s reshuffle.
Theresa May’s reshuffle of Cabinet posts yesterday saw Rt Hon Sajid Javid MP remain, however his job title changed to the Secretary of State for Housing, Communities and Local Government. In an announcement on the government website yesterday it stated: Following the appointment of Rt Hon. Sajid Javid MP as the Secretary of State for…
Allen Walkey
Housing market 2017 follows similar pattern to previous year according to Halifax
Latest Halifax House Price Index report – December 2017 released today headlines ‘2017 House Price Growth Eased To 2.7%’. Halifax reveals: House prices in the three months to December 2017 were 1.3% higher than in the three months to September 2017. Russell Galley, Managing Director, Halifax Community Bank, said: “House prices in the three months…
Allen Walkey
Business confidence remains steady since last report in July according to Lloyds Bank
Latest news release from Lloyds Bank 6th January 2017 headlined ‘Business confidence remains stable as investment and hiring intentions improve’ Lloyds Bank reveals that the confidence index – an average of respondents’ expected sales, orders and profits over the next six months – was steady at 23 per cent compared with 24 per cent in…
Allen Walkey
Mortgage approvals rose in November driven by remortgaging according to Bank of England
Bank of England monthly Money and Credit statistical release published 4th January 2017 – November 2017. Lending to individuals data to the end of November 2017 include: Secured net lending remained stable in November at £3.5bn, broadly in line with the average seen since 2016. Mortgage approvals rose in November, driven by a continuing increase…
Allen Walkey
Breathing room for landlords as Making Tax Digital pushed back to 2020
Landlords up and down the country will be steeling themselves for more change from 2020, when Making Tax Digital (MTD) becomes a requirement. Thankfully, the transition to providing HMRC with quarterly updates and digital returns for small businesses and buy-to-let landlords, has been delayed until April 2020 at the earliest. Originally it was anticipated that…
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Modest rise of 2.6% for house prices in 2017 according to Nationwide
Latest Nationwide House Price Index report – December 2017 headlines ‘House prices rise by a modest 2.6% in 2017.’ UK annual house price growth ended 2017 at 2.6%, compared with 4.5% in 2016 according to Nationwide. The Nationwide HPI report reveals that London is the weakest performing region for the first time since 2004, with…
Allen Walkey
Belvoir reports that it exceeded its 2017 target for portfolio acquisitions by its franchisees
Belvoir lettings plc the UK’s largest property franchise, reports that it exceeded its 2017 target for portfolio acquisitions by its franchisees (‘Assisted Acquisitions’), a core part of Belvoir’s growth strategy. Dorian Gonsalves, CEO of Belvoir, commented; “The Assisted Acquisitions programme has proved to be very popular within the recently acquired Newton Fallowell and Northwood networks. …
Allen Walkey
Cheltenham has highest percentage rise in house prices for 2017 according to Halifax
Latest news release from the Halifax 2nd January 2018 headlines ‘Cheltenham tops the table of 2017 house price winners’ The Gloucestershire town of Cheltenham saw the highest percentage rise in house prices of any major UK town or city in 2017, according to new research by Halifax. Thirteen towns recorded declines in house prices in…
Allen Walkey