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Mortgage approvals for house purchase fell slightly in September according to BoE
Bank of England (BoE) today released Money and Credit statistical report – September 2017. Lending to Individuals: Mortgage approvals for house purchase fell slightly to 66,232 in September, close to their recent average. The annual growth rate of consumer credit has remained broadly unchanged since June, at around 10%. The flow was £1.6 billion in September,…
Allen Walkey
Big savings if willing to commute just 30 mins into Edinburgh or Glasgow according to Bank of Scotland
Rail commuters to Scotland’s two biggest cities are typically financially better off catching the train into the city than living close to their place of work, according to new research by Bank of Scotland. House prices for homeowners living 30 minutes outside of Edinburgh are 36% lower (£86,371) on average, for those living 30 minutes…
Allen Walkey
Confidence drops to lowest for 5 years in UK house prices according to Halifax
Confidence in UK house prices has dropped to its lowest level since December 2012, according to the latest Halifax Housing Market data which reveales that the house price optimism balance dropped to 30 points in October, the index has fallen by 38 points since it peaked in May 2015. The Halifax survey which was conducted…
Allen Walkey
NHBC reports the highest number of new home registrations for 10 years in their third quarter report.
The NHBC reports the highest number of new home registrations for 10 years in their third quarter report. The NHBC reports that in the period July – September: The number of registrations was 37936, a 6% increase on last year (35,946). Of these: Private sector registrations in Q3 2017 increased by 9% (29,083), compared with…
Allen Walkey
Two of PropTech’s biggest names back Hystreet
Hystreet is pleased to announce the appointment of PropTech Consult Partners, and key PropTech influencers, James Dearsley and Eddie Holmes to their team. Both have invested in the business and taken up senior advisory roles. Dearsley and Holmes join the company as it prepares for a widespread release of its technology products which are designed to offer high street agents the tools they need to compete on a level playing field with online estate agents.
EAN Content
Response from Shelter to the Prime Minister’s announcement that Local Housing Allowance rates will not apply to social housing.
Shelter’s response to the Prime Minister’s announcement that Local Housing Allowance rates will not apply to social housing. Polly Neate, CEO at Shelter said: “We warmly welcome the Prime Minister’s announcement that Local Housing Allowance rates will not apply to social rented homes but she shouldn’t stop there. “Although this is a welcome reprieve for…
Allen Walkey
Over half of the nation believes they are currently not saving enough according to Aldermore
The latest research from Aldermore’s 2017 Annual Savings Tracker reveals that over half of the nation believes they are currently not saving enough. The nation’s inconsistent savings habit may be one of the reasons for these concerns as almost two fifths (37%) only save if they have money left over the end of the month,…
Allen Walkey
Housing market activity has built up modest momentum since the start of the year says UK Finance
UK Finance today updates on lending for September 2017. UK Finance estimates gross mortgage lending in September to be £21.4 billion, 5% higher than a year ago. Nearly two-thirds of this lending, or £13.7 billion, was carried out by High Street Banks. Commenting on the data, UK Finance’s Senior Economist Mohammad Jamei said: “As we near…
Allen Walkey
City house price inflation down from a year ago according to Hometrack
The Hometrack UK Cities House Price Index – September 2017 report released today reveals: City house price inflation is running at 4.9% per annum down from 6% a year ago. Quarterly growth rate at a 14-month high supported by increased sales volumes. It states: The annual rate of price inflation in London has stabilised at…
Allen Walkey
New homes saving owners hundreds of pounds a year in energy bills says HBF
A new report recently released by the House Builders Federation (HBF) highlights that ‘New build homes save owners £629 a year on energy bills.’ New Homes being built in England and Wales are considerably more energy efficient than their predecessors, saving owners hundreds of pounds a year in energy bills, says the report. The report…
Allen Walkey
Sajid Javid launches a call for evidence to improve the home buying process
Communities Secretary Sajid Javid launches a call for evidence on making the home buying process cheaper, faster and less stressful for those involved. Communities Secretary Sajid Javid said: “We want to help everyone have a good quality home they can afford, and improving the process of buying and selling is part of delivering that. Buying a…
Allen Walkey
Consumer experience study of buying and selling homes in England and Wales
Research and Analysis from Department for Business, Energy & Industrial Strategy published 22nd October titled ‘Buying and selling homes: consumer experience study.’ A study on the consumer experience of buying and selling homes in England and Wales. The research covers the entire consumer ‘journey’ of buying and selling homes including: initial marketing or property search negotiating…
Allen Walkey
Shelter’s major new Fair Rent Homes report reveals the true scale of affordable housebuilding this country needs
Shelter’s major new Fair Rent Homes report reveals the true scale of affordable housebuilding this country needs, new figures show that a massive 44% of low earning renters are being forced to cut back on basics like food, clothes or toys for their children just to cover the cost of their rent. Today in a…
Allen Walkey
Scotland records highest annual property price growth across UK according to Your Move/Acadata HPI
The latest Your Move/Acadata House Price Index Scotland for August 2017 released October 2017 headlines ‘Scotland leads UK house price growth.’ The report reveals that annual house price growth (August) in Scotland is highest in UK at 4.8%, more than double the growth rate in England and Wales. The average house price in Scotland is…
Allen Walkey
Foxtons reveals performance in line with expectations in latest qtr trading update
Foxtons plc, London’s leading estate agency, yesterday 18th october 2017 issued its trading update for the quarter ended 30 September 2017. The update revealed that: The Group’s performance during the quarter was in line with the Board’s expectations with total revenue of £35.1m (2016: £37.5m), taking total revenue for the nine months ended 30 September…
Allen Walkey