Breaking News
What’s happening in the buy-to-let market?
Many will welcome April, bringing sunnier weather and longer days in its wake—but for landlords, a new tax year brings the onset of another round of tax changes for buy-to-let mortgages. Historically, landlords only paid income tax on net rental income. This meant landlords were able to subtract the cost of the interest they paid…
Enness Private
Shelter responds to ‘new government initiative to reduce rough-sleeping’
Shelter responds to ‘new government initiative to reduce rough-sleeping’ Greg Beales, Campaigns Director at Shelter, said: “We’re glad the government is now taking seriously the worsening homelessness crisis that is destroying people’s lives on our streets. The money and manpower announced today will make a genuine difference, but this will only work if it…
Allen Walkey
Shelter responds to government figures showing dwindling numbers of social housing under the Right to Buy scheme.
New government figures show only one social home is built for almost every three sold off Shelter responds to government figures showing dwindling numbers of social housing under the Right to Buy scheme. The data shows: · In the last year 11,649 social homes have been sold off, while only 4,566 social homes are being built…
Allen Walkey
Shelter’s response to worrying new government stats showing that no social homes with Grenfell-style cladding have had it replaced in the last month.
No social homes with Grenfell-style cladding have had it replaced in the last month, official figures show Official figures released on cladding similar to that used on Grenfell Tower show: Since last month no additional social homes have had Grenfell-style cladding replaced. In total only 7 social housing buildings have fully replaced the unsafe cladding….
Allen Walkey
House price growth drops back in February according to Nationwide
Latest Nationwide House Price Index report – February 2018 released today headlines ‘House price growth falls back in February’. The report reveals annual house price growth slows to 2.2% in February, down from 3.2% in January. Prices fall 0.3% month-on-month. Commenting on the figures, Robert Gardner, Nationwide’s Chief economist said: “After picking up unexpectedly in…
Allen Walkey
February results continue to show a drop in supply of rental properties according to ARLA Propertymark.
Latest ARLA Propertymark Private Rented Sector Report – February 2018 reveals: The number of rental properties letting agents managed fell by 5 per cent in February, with 175 on average per branch compared to 184 in January, supply has not been this low since May 2016, when it stood at 171. Demand for rental accommodation…
Allen Walkey
Average London renters need to find over £3000 as tenancy deposit according to Dlighted
Recent research from deposit-free renting firm Dlighted has revealed that the average London tenancy deposit could now stand at £3014 – even when capped at the equivalent of 6-weeks rent by the government’s draft Tenant’s Fees Bill. Dlighted states: The recently published English Housing Survey revealed that 30% of homes in the capital are now…
Allen Walkey
ZPG welcomes back Chestertons and other partners to their platform.
In a recent press release, ZPG, owner of Zoopla and PrimeLocation, has reported that it has signed a listings agreement with Chestertons, one of London’s largest estate agencies. Chestertons, which operates 32 offices across London, will begin to advertise all of its property listings across the ZPG platform with immediate effect. ZPG stated that it…
Allen Walkey
The greatest downward pressure on prices is being registered in inner London areas according to Hometrack
The latest Hometrack UK Cities House Price Index report – February 2018 reveals: The divergence in house price growth between southern England and regional cities continues with overall HPI at 5.2%. Regional cities continue to register above average growth with five cities registering price inflation over 7% according to Hometrack. The headline rate of growth across…
Allen Walkey
Gross mortgage lending in February is estimated to have been £19bn according to UK Finance
Latest UK Finance update on lending for February 2018. UK Finance reveals: Gross mortgage lending in February is estimated to have been £19bn, 4.9 per cent more than a year earlier but below the monthly average of £21.4bn for 2017. Remortgage approvals in the month are up over 9 per cent in both number and…
Allen Walkey
Sales to first-time buyers rose in February 2018 according to NAEA Propertymark
Latest NAEA Propertymark Housing Report – February 2018 reveals: Sales to first-time buyers rose in February and the number of house-hunters fell in line with the supply of available properties. The number of prospective house-hunters fell by 16 per cent in February – from 367 registered per branch, to 309, year on year this is…
Allen Walkey
Mortgage approvals decline slightly between January and February according to e.surv
The latest Mortgage Monitor from e.surv, one of the UK’s largest residential chartered surveyors, shows there were 66,364 mortgages approved (seasonally adjusted) during February 2018. Mortgage approvals decline slightly between January and February with growth in number of first-time buyers and small deposit mortgages. e.surv reveals that this month’s approvals are 1.25% lower than in…
Allen Walkey
Council welcomes Coulsdon homes decision
Croydon Council’s cabinet member for regeneration has welcomed the approval of a Coulsdon planning application that will mean more affordable homes for borough residents. Brick by Brick, the development company set up by the council, received planning permission last night (Thursday) for five buildings providing 157 homes at the former Lion Green Road car park….
EAN Content
NFB: SMEs are key to delivering infrastructure and housing
The Government has announced that £300 million of the Housing Infrastructure Fund will be invested in the West of England, Oxfordshire and Greater Manchester to help unlock housing developments and strengthen infrastructure. The Government has shortlisted a further 44 areas for major infrastructure projects, which could deliver up to 400,000 new homes. The National Federation…
EAN Content
Shelter response to MHCLGS’s homelessness stats
Shelter response to MHCLGS’s homelessness stats; · In the last 5 years, the number of homeless families living in temporary accommodation has increased by 48%. · Losing a private tenancy remains the single biggest cause of homelessness. 16,320 households became homeless after being evicted from a privately rented home in the last year, accounting for…
Allen Walkey