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Registration of Overseas Entities – More Transparency Set for the UK Property Sector
The Department for Business, Energy and Industrial Strategy (“BEIS”) have recently published the draft Registration of Overseas Entities Bill (“ROE” or “the Bill”). The draft sets out provisions to establish beneficial ownership registers for overseas entities who wish to own, have a beneficial interest in, let or dispose of a property in the UK. The…
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UK Property market is set to tumble?
Is has been booming of recent hasn’t it – The UK housing market I am on about… Prices rising, rising and rising and all on the foundations of buy to let investments and increased population increases, added to of course by somewhat open boarders from the current government. Though, even if you have been more…
Christopher Walkey
Remortgaging continued to dominate in June according to UK Finance
Latest news release from UK Finance dated 14th August 2018 headlines ‘House purchase activity slows in June but remortgaging activity remains high’. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance said: “Remortgaging continued to dominate in June with borrowing figures up 13 per cent on the same period last year as…
Allen Walkey
Average price of a property for June 2018 in UK was £228,384 according to latest HPI from HM Land Registry
Latest UK House Price Index Summary – June 2018 from HM Land Registry reveals that the average price of a property in the UK was £228,384. The report stated that UK house prices rose by 3.0% in the year to June 2018, down from 3.5% in the year to May 2018. This is the lowest…
Allen Walkey
House prices fall overall in August in England and wales according to Home.co.uk
Latest Home.co.uk Asking Price Index report – August 2018 headlines ‘Home Price Falls Spread Across More Regions’. According to Home.co.uk, Home prices in England and Wales fell overall by 0.3% this month, the largest falls were in London and the South East. The report reveals that home prices have experienced a downward correction in the…
Allen Walkey
Social Housing green paper offers ‘New Deal’ for social housing residents
Press release 14th August 2018 from Ministry of Housing, Communities & Local Government and The RT Hon James Brokenshire MP A ‘new deal’ for social housing residents, as part of the government’s commitment to make a housing market fit for the future has been launched by Secretary of State for Communities Rt Hon James Brokenshire…
Allen Walkey
Average UK monthly rent for July 2018 is now £937 according to Homelet
Latest Homelet Rental Index report – July 2018 data reveals reveals that average rents across the UK rose by 1.3% in July 2018 when compared to the same month a year previously; the average monthly rent is now £937. Rents in London increased by 3.3% in July 2018 than in the same month of 2017;…
Allen Walkey
Prices fell again in July on a monthly basis according to LSL
Latest LSL Property Services/Acadata England & Wales House Price Index report – July 2018 headlines ‘Average house price in England and Wales now £302,251’ On a monthly basis, prices fell again in July, for the fifth month in succession: down 0.2%, leaving the average house price at £302,251. The figure is still up on an…
Allen Walkey
Shelter’s response to Governments new rough sleeping strategy including joint response.
Please find below Shelter’s full response to the government’s new rough-sleeping strategy, and also a joint response from the seven housing and homelessness organisations (including Shelter) who sat on the Rough Sleeping Advisory Group. Polly Neate, chief executive of Shelter, said: “This strategy is an important step forward in the fight against the rough-sleeping emergency that’s…
Allen Walkey
New Zealand to ban foreigners buying homes!
This is some headline which may sound a bit severe, but does New Zealand have a good point and further more, are they putting the interest of their own in front of those from abroad? Certainly here in the UK, and with its current government, it would appear that those looking to migrate to our…
Christopher Walkey
Rental growth slows to 0.2% across Great Britain in July according to Hamptons International
Latest Hamptons International Monthly Lettings Index – July 2018 reveals that the proportion of homes let by an international landlord in Great Britain halves from 13% in H1 2010 to 6% in H1 2018, however London bucks the trend. The average cost of a new let in Great Britain rose to £964 pcm in July…
Allen Walkey
Arrears and possessions at all-time historic low according to UK Finance
Mortgage arrears and possessions continue to remain historically low is the headline of the latest news report from UK Finance. The news report from UK Finance reveals that there were 76,740 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the second quarter of 2018, 8 per cent fewer…
Allen Walkey
Rents in UK expected to continue to rise over next 5 years according to RICS
The latest RICS UK Residential Market Survey – July 2018 released today headlines ‘Rents to continue to rise, as supply of new property to let drops again’. The survey highlights the continued reduction of new property being put on the market in the lettings sector with 22% more respondents seeing a fall rather than rise…
Allen Walkey
Robert Oulsnam and Company a 12 Branch Estate and Lettings Agent now listing with OnTheMarket
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that Robert Oulsnam and Company, a 12 branch estate and lettings agency firm, is now listing its properties at OnTheMarket.com. Founded in 1971, Robert Oulsnam and Company has 12 offices in the West Midlands, Worcestershire and south Birmingham. Andrew Oulsnam, Director, said:…
Allen Walkey
Energy efficient homes are good for tenants and good for landlords says RLA
Read latest news story from Residential Landlords Association (RLA) released 8th August 2018: ‘Greater Ambition Needed on Energy Efficiency of Rented Homes’. LANDLORDS are calling on the Government to be more ambitions when it comes to the energy efficiency of rented housing. Since April, all new or renewed private sector tenancies require properties to have…
Allen Walkey