Breaking News
The mortgage market softened slightly in September according to UK Finance
The latest UK Finance’s Household Finance Update for September 2018 reveals that gross mortgage lending across the residential market in September was £21.5bn, some 1.2 per cent lower than last September. Commenting on the data, Eric Leenders, Managing Director of Personal Finance, UK Finance, said: “The mortgage market softened slightly in September, following strong remortgaging…
Allen Walkey
Attwells Solicitors voted best conveyancers in Suffolk by clients in recent property awards.
Attwells Solicitors were voted the best in county for conveyancing in last week’s annual ESTAS Conveyancer Awards ceremony, hosted by Channel 4 Presenter Phil Spencer. The ESTAS Customer Service Awards for 2018 is the leading awards in the UK conveyancing sector. The winners were announced at a glamorous dinner & ceremony at the Grosvenor House…
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A 60 minutes commute into central London can save 60% on the average property according to Lloyds Bank research
Workers in Central London can save an average of £483,342 by commuting up to an hour each day, according to new research by Lloyds Bank. Lloyds Bank reveals that homeowners living 60 minutes outside of Central London pay 60% less for average property. Andrew Mason, Mortgages Director at Lloyds Bank, said: “Buying a home in…
Allen Walkey
Belvoir to list all of its Group’s UK residential sales and lettings properties at OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, today announces that Belvoir Lettings PLC, the UK’s largest property franchise, has signed an agreement with OnTheMarket to advertise all of its Group’s UK residential sales and lettings properties at OnTheMarket.com and will actively promote the portal brand with digital and branch-based marketing activity….
Allen Walkey
Chestertons unveils investment plan after announcing record results
After reporting the strongest August performance in its history and record figures from its Lettings division, Chestertons – one of London’s largest estate agents by market share – has announced that it has embarked on an ambitious investment programme to enable its continued growth and is looking to acquire more lettings businesses. Under the investment…
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Time to end discrimination against benefit claimants by buy to let mortgage providers is the call by the RLA
URGENT action is needed to tackle discrimination against benefit claimants by buy-to-let mortgage providers, this call is being made by the Residential Landlords Association (RLA) following news that a landlord has had the mortgage on a property revoked because she is renting to a benefit claimant. In a letter being sent to the Treasury Minister…
Allen Walkey
£1Billion missing revenue from Stamp Duty
More negative news in UK property and this time a £1,000,000,000 missing pot of cash thanks to the Governments handling of Stamp Duty. Not so much in favour has been the hiked up tax imposed on high end value property which has seen a fair slow down in this section of the market, a whooping…
Christopher Walkey
Downward trend in the proportion of homes bought with cash according to Hamptons International
New research published by Hamptons International shows that in H1 2018, the proportion of homes in England and Wales bought with cash fell to 29.6%, the lowest level since the company’s records began in H1 2007, cash purchases peaked in H2 2008, when 37.8% of homes were bought without a mortgage. Hamptons International reveals that…
Allen Walkey
London councils offered more funding for planning
The (unfortunately for now) mayor of London has announced £10 million for ambitious councils that want to boost their role in building new homes in the capital Building on previous positive announcements this year – small sites and SME house builder initiatives, increased transparency and engagement on publicly-owned land – the (unfortunately for now) mayor…
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Annual UK house prices growth at 3.2% for year to August 2018 according to HM Land Registry
Latest UK House Price Index summary – August 2018 from HM Land Registry reveals that UK house prices rose by 3.2% in the year to August 2018, down from 3.4% in the year to July 2018. Annual growth in house prices has remained broadly stable at a national level since April 2018. House prices grew fastest…
Allen Walkey
Fears of a Slump in Property Prices
There is a lot of negative news in the UK property market currently, lots of predictions of price drops and fears towards the Brexit outcome along with reductions of asking prices more common and taxes introduced to hinder greedy landlords and investors pockets and pension plans. Though is it just a bit too soon to…
Christopher Walkey
Brownfield land map tool will help tackle the housing crisis
Local authorities must do more to enable development within our existing communities The National Housing Federation (NHF) has identified and mapped more than 17,000 brownfield sites, totalling around 27,700 hectares, which could provide space for more than 961,000 homes. The National Federation of Builders (NFB) thinks that this tool has the potential to help tackle…
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First-Time Buyer numbers for August reaches highest level in over a year according to UK Finance
UK Finance’s latest Mortgage Trends Update for August 2018 headlines ‘Number of First-Time Buyers Reaches its Highest Level since June 2017’. The update reveals that there were 35,500 new first-time buyer mortgages and 38,000 new homemover mortgages completed in the month of August. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said:…
Allen Walkey
Late payment is not the construction industry’s model
Consistent, institutionalised late payment is not an industry practice, but a business failing. Construction News has reported that Bev Dew, finance director at Kier, stated that the firm is “consistent” with its payment practices and that the onus on improvement must sit with clients. Kier is one of the industry’s poorest payers on the Government…
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City Council gives go ahead for consultation on planning guide for the Waterside area
Nottingham City Council took an important step towards its vision for a new neighbourhood along the banks of the River Trent today (Tuesday 16 October 2018). The City Council’s Executive Board gave its approval for a consultation on the Waterside Supplementary Planning Document (SPD) – which sets out the city’s vision for the area and…
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