Breaking News
Trading Update – Bellway expects Housing Revenue to increase
Bellway today issued a trading update for the year ended 31 July 2017 ahead of its preliminary results announcement on Tuesday 17 October 2017. In the update they state: Housing revenue is expected to increase by over 13% to £2.5 billion (2016 – £2,204.6 million). Ted Ayres, Chief Executive, commented: “A focus on delivering growth,…
Allen Walkey
Concerns about the Home Report for Scottish sellers according to research from HomeReportScotland
The biggest concern about the Home Report for Scottish sellers is the potential for their property to be undervalued, according to recent research from HomeReportScotland, a new site offering instant Home Report quotes. 19% of Scottish sellers were worried about the Home Report causing them to lose a sale (rising to 38% of young people…
Allen Walkey
Citizens Advice explores the ‘loyalty penalty’ in the mortgage market.
In a recent Policy Research Publication from Citizens Advice headlined ‘Exploring the loyalty penalty in the mortgage market’ they state: ‘Home ownership is the aspiration of millions of people in the UK. For the vast majority, taking out a mortgage is the only way of achieving this. In 2016, the UK mortgage market included 11.1…
Allen Walkey
House prices continue to remain broadly flat according to Halifax
Halifax House Price Index July 2017 released today headlines ‘Annual House Price Growth Eases to 2.1%.’ House prices in the three months to July 2017 were 0.2% lower than in the three months to April 2017. House prices rose by 0.4% between June and July, partially offsetting the 0.9% decline recorded between May and June….
Allen Walkey
New data from Homelet reveals rents in the UK rose by an average of 1.1% during July.
Homelet Rental Index report for July released today headlines ‘UK rents increase after Spring declines.’ According to the latest Homelet Rental Index the average rent agreed on a new tenancy signed during July was £925, compared to £915 in the same month of 2016, new data reveals rents in the UK rose by an average…
Allen Walkey
OnTheMarket announces intention to float on the stock market.
OnTheMarket.com the online property portal owned by its members, including property giants Savills, Chestertons and Knight Frank, launched in 2015 announces its intentions to float on the stock market. Today, 4 August 2017 in a stock market news release announcement- Agents’ Mutual Limited (“Agents’ Mutual”), the agent-owned company which operates the OnTheMarket.com property portal, is…
Allen Walkey
Bank rate held at 0.25%
The Bank of England announced yesterday 3rd August 2017 that the monetary committee has voted 6-2 to keep bank rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee voted unanimously to maintain the…
Allen Walkey
Purplebricks subject of two BBC features.
Purplebricks PLC have today released an AIM announcement – Statement re share price movement. The Group was the subject of two BBC features on Wednesday 2nd August relating principally to the clarity of the deferred payment facility available to customers, the Group’s compliance with a recent Advertising Standards Association (“ASA”) ruling, and alleged exaggerated claims…
Allen Walkey
Countrywide continues to pick up awards.
Countrywide Group’s leading financial services, surveying and conveyancing businesses have recently been recognised with prestigious industry awards. as mentioned in their recent press release which headlined ‘Countrywide’s award-winning run continues’. MD of Countrywide Surveying Services, Paul Wareham, has been named Surveying Business Leader of the Year at the British Mortgage Awards. Countrywide Conveyancing Services was…
Allen Walkey
July data reveals a growth slowdown in the UK construction sector
The PMI Construction released today by the Chartered Institute of Procurement and Supply and Market Economics shows that the pace of expansion in the construction industry slowed significantly in July. The construction sector purchasing managers’ index (PMI) slumped from a reading of 54.8 in June to only 51.9, according to IHS Markit. UK construction companies…
Allen Walkey
Government launches a £54 million package to transform local communities.
Announcement published 1st August 2017 on GOV.UK website headlines ‘Funding boost for local authorities to transform local communities.’ The government has launched a £54 million package to transform local communities and release land for thousands of new homes. The package comes as part of a new cross-government partnership to make smarter use of government-owned property. DCLG’s…
Allen Walkey
Research shows that over three quarters of mortgage advisers recommend private surveys
Latest research from TMA Mortgage Club, shows that over three quarters (76%) of advisers recommend taking out private surveys when purchasing or remortgaging a property. In the press release they state: The majority of advisers say that they recommend borrowers take out a private survey before buying as they offer a thorough analysis of a…
Allen Walkey
Taylor Wimpey announces trading in first half 2017 very positive.
Taylor Wimpey plc today announce their half year results for the period ended 2 July 2017. Group profit before tax of £205.0 million (H1 2016: £268.8 million). Completed a total of 6,580 homes, excluding joint ventures, an increase of 9.3% (H1 2016: 6,019). Pete Redfern, Chief Executive, commented: “Trading through the first half of 2017…
Allen Walkey
House Price growth remains broadly stable in July according to Nationwide HPI
Nationwide House Price Index (HPI) July report released today headlines ‘House price growth broadly stable in July.’ Annual house price growth in July was at 2.9%, slightly down on June at 3.1%. There was only a modest increase month on month at 0.3%. Commenting on the figures, Robert Gardner,Nationwide’s Chief Economist said: “The annual pace…
Allen Walkey
Mortgage market grew in June 2017 according to e.surv Mortgage Monitor
The latest Mortgage Monitor from e.surv reveals that the mortgage market grew in June but lending to small deposit borrowers shrank over the month. Their data shows that there were more mortgage approvals in June 2017 than previous month and June 2016, there were £65,887 loans approved in June, a total 1.4% higher than the…
Allen Walkey