Breaking News
New partnership between the Residential Landlords Association (RLA) and the National Federation of Builders
New Partnership to help Landlords find trusted Builders. Many landlords don’t know where to turn when it comes to finding a builder they can trust, with many relying on word of mouth. This is set to change thanks to a new partnership between the Residential Landlords Association (RLA) and the National Federation of Builders, (NFB)…
Allen Walkey
New data shows a resurgence in buy to let activity in London and South East in Q1
Resurgence in London buy to let activity in Q1 of 2018 Latest data from specialist buy to let broker Commercial Trust Limited, indicates increased buy to let purchase activity in London, during the first quarter of 2018. The report shows that market share for buy to let applications in the capital increased for the first…
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Petition launched to reintroduce full mortgage interest relief and to drop the 3% stamp duty surcharge
Petition launched by Mark Homer to UK Government and Parliament. Reintroduce full mortgage interest relief and to drop the 3% stamp duty surcharge. Petition details as shown on Government website: ‘We call on the Government to reintroduce full mortgage interest relief and to drop the 3% stamp duty surcharge which is increasing homelessness by driving…
Allen Walkey
Rental growth picks up across Great Britain in April according to Hamptons International
Latest Hamptons International Monthly Lettings Index – April 2018 reveals that in April the average cost of a new let in the North fell for the first time in four years. The average cost of a new let reached £953 pcm in Great Britain in April, 1.9% up on the same period last year. Average…
Allen Walkey
Sellers losing out as over 300,000 property transactions are falling through every year
Over 300,000 property transactions are falling through every year due to broken chains and buyers changing their mind largely, costing sellers a total of £400 million, according to latest research from HomeOwners Alliance and IMMO. The survey exploring the experiences of home sellers, conducted by HomeOwners Alliance, and IMMO.co.uk, and polled by YouGov, found that 20%…
Allen Walkey
Home prices rose across England and Wales by 0.5% in May according to latest Asking Price Index report from Home.co.uk
Latest Home.co.uk Asking Price Index report – May 2018 headlined, ‘Summer Optimism Masks Market Melancholy’. The report reveals that home prices rose across England and Wales by 0.5% this month, reflecting seasonal optimism more than fundamentals. London prices continue to slide extending 12 month losses to -2.5%, the slowdown that began there now seems to…
Allen Walkey
Bank rate remains at 0.5%
The Bank of England published 10th May 2018 – Monetary Policy Committee announcement and Inflation Report. At its meeting ending on 9 May 2018, the Monetary Policy Committee (MPC) voted by a majority of 7-2 to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond…
Allen Walkey
Mortgage arrears at lowest levels since records began according to UK Finance.
Latest UK Finance Mortgage Arrears and Possessions Update released yesterday 10th May 2018 for the first quarter of 2018 headlines ‘Mortgage arrears at record low in Q1 2018.’ The update revealed: 1,200 homeowner mortgaged properties were taken into possession in the first quarter of 2018, unchanged from the same quarter of the previous year. Jackie…
Allen Walkey
On average, branches are returning to ZPG at the rate of over 100 per month since February
ZPG, owner of Zoopla and PrimeLocation, reports today it has seen more than 100 branches per month on average return to its platform during the 3 months since Onthemarket (OTM) dropped its one-other portal rule in February. The rate of branches returning to ZPG during the three months following OTM’s IPO has more than doubled…
Allen Walkey
Barratt Developments PLC reports trading since beggining of year has been strong across the country
Barratt Developments PLC states in their trading update issued today that trading is strong and the outlook for the full year remains in line with the Board’s expectations. The market fundamentals remain supportive, with the Group delivering a strong performance across the business since the start of the calendar year driven by robust customer demand…
Allen Walkey
The National RICS Price balance figure for April 2018 is the most negative since Novemner 2012
The latest RICS UK Residential Market Survey report – April 2018, released today headlines ‘Buyers enquiries and sales stabilise in April, as house prices dip’. The report reveals that house prices at a national level dipped marginally in April, while they continue to fall in London and the South East in particular. Both new buyer…
Allen Walkey
Million pound house sales hit new high in 2017
New house price data from Lloyds Bank Private Banking reveals that the number of properties sold for more than a million pounds in Great Britain grew by 5% in 2017, compared to 2016, in the last decade million pound home sales are up by 73%. Louise Santaana, Head of UK Wealth Lending, Lloyds Banking Group,…
Allen Walkey
Shelter’s response to government funding into three regional programmes to help rough sleepers
Shelter’s response to the announcement that the government will be putting £28 million of funding into three regional programmes to help rough sleepers. The Housing First pilots will run in Greater Manchester, the West Midlands, and the Liverpool City Region. Shelter’s CEO Polly Neate said: “With rough sleeping at it’s highest in a decade this action to help…
Allen Walkey
Housing demand has softened in early months of 2018 according to Halifax
Latest Halifax House Price Index report – April 2018 released today headlines ‘Annual House Price Growth at 2.2%’. House prices in the three months to April 2018 were 2.2% higher than in the same three months a year earlier according to Halifax. The report reveals that on a monthly basis, prices fell by 3.1% in…
Allen Walkey
Rents in London increased by 4.5% in April 2018 than in the same month of 2017 according to Homelet.
Latest Homelet Rental Index report – April 2018 data, released today reveals that average rents across the UK rose by 1.5% in April 2018 when compared to the same month a year previously; the average monthly rent is now £918. When London is excluded, the average UK rental value was £761 in April 2018, this…
Allen Walkey