Breaking News
Landlords must comply with new EPC rules by April 2018
The Residential Landlords Association (RLA) in a latest news release headlined ‘Landlords must be ready for changes to EPC rules’ highlights that the government has confirmed that changes to EPC rules preventing landlords from renting out inefficient homes will be brought in next April. The RLA states that: In a high level meeting the department…
Allen Walkey
Business activity growth in England slowed to a nine-month low in June according to lloyds Bank
Press release today from Lloyds Bank headlines ‘England sees economy lose growth momentum at end of second quarter’. According to Lloyds: Business activity growth in England slowed to a nine-month low in June, while Wales saw its fastest rise since February, according to the latest Lloyds Bank Regional Purchasing Managers’ Index (PMI). England’s business activity…
Allen Walkey
House prices have flattened over last quarter according to Halifax
The Halifax House Price Index report June 2017 released today headlines ‘Annual house price growth eases to 2.6%’. House prices in the three months to June were 2.6% higher than in the same period of 2016. House prices in the three months to June 2017 were 0.1% lower than in the three months to March…
Allen Walkey
Competition Appeal Tribunal issues judgment in favour of Agents’ Mutual
The Competition Appeal Tribunal today issued its judgment in the case between Agents’ Mutual v Gascoigne Halman. Ian Springett, Chief Executive of OnTheMarket.com, said: “We are pleased that the Tribunal has confirmed the position maintained consistently by our Board that Agents’ Mutual’s strategy for entry to the portals market has been pro-competitive both in object…
EAN Content
Asking rents hold up despite 7% uplift in available supply
Asking rents outside London rose 2.8% in the second quarter of 2017, in line with the 2.7% average seen over the past five years at this time of year More choice for tenants: Number of available properties on the rental market outside London 7% higher than this time last year, and up 8% in…
Rightmove
CIELA to halt letting fees ban, expose rogue agents and combat misleading corporate adverts
CIELA, the Charter for Independent Estate and Lettings Agents, has set out its first tasks, should the organisation launch successfully on 1 October. Subject to sufficient support and member sign-ups, its first 3 intentions are clear. If launched on 1 October, CIELA pledges to 1. Spotlight any and all agents operating illegally 2. Prevent the…
EAN Content
Nearly one in three houses don’t get built despite being given go-ahead according to shelter
Press release with new research from Shelter headlines ‘Phantom Homes: Nearly one in three houses don’t get built despite being given go-ahead’ Housebuilders have failed to build more than 320,000 homes in the past five years even after being given the go-ahead, according to new research out today. Figures from housing charity Shelter reveal this…
Allen Walkey
London rents grew on a monthly basis for the first time since November 2016 according to Your Move
The latest Buy-to-Let Index May 2017 (data) report from Your Move headlined ‘Seven UK regions see rents rise on annual basis’. Average rent across England and Wales is £814, London rents nudge upwards but are still 5% lower than in May 2016. Valerie Bannister, Lettings Director, Your Move, comments: “Strong and stable was the catchphrase…
Allen Walkey
Tribunal rules in favour of the owners of the property website Onthemarket
A tribunal released its findings yesterday 5th July 2017 in which it ruled in favour of the owners of the property website Onthemarket, this came following a long running tribunal started in July last year and finished in February this year. OnTheMarket which is owned by a consortium of estate agents requires in their contract…
Allen Walkey
ASA upholds complaint against Purplebricks over statement on their website.
The Advertising Standards Authority (ASA) has upheld a complaint from a rival agency over statement made on Purplebricks website featuring testimonials from clients, the rival agent Arun Estate Agencies Ltd challenged whether the “Fees saved” claims were misleading and could be substantiated. The ASA action as stated on their website as follows: The ad must…
Allen Walkey
UK rental prices fell by 0.3% when compared to last year according to new data from Homelet
The latest Homelet Rental Index June 2017 headlines ‘UK Rents continue to fall’. New data from HomeLet reveals that UK rental prices fell by 0.3% when compared to last year, the second successive month in which rents showed a decline, the average monthly rent now stands at £908. Rents in London fell by 2.6% in June…
Allen Walkey
Government low-cost home ownership schemes and their effect on social mobility
Recent research and analysis publication 3rd July 2017 on the Gov.Uk website from Social Mobility Commission headlines ‘Low-cost home ownership schemes’. Research looking at government low-cost home ownership schemes and their effect on social mobility. The research finds: Many low-cost home ownership schemes are more likely to benefit better-off buyers. Many schemes are of out of…
Allen Walkey
FTB’s pay record prices to get on property ladder according to Halifax
Recent news release from Halifax headlines ‘First-time buyers paying record prices to get on to property laddder’. Average first-time buyer house price is now £207,693 which is highest on record, first-time buyer average house price in London is now close to £410,000. First-time buyers account for almost half of all mortgage financed house purchases. Martin…
Allen Walkey
CIELA push on with their fight against Purplebricks in Bristol:
CIELA is looking forward to meeting agents in Bristol, this coming Wednesday, and London the following Wednesday 12 July, who would like to debate the need for an organisation to represent the collective interests of law-abiding independent agents. It is free for independent agents to attend, but attendees must register in advance via the CIELA…
EAN Content
Number of large deposit borrowers drop to lowest level in 2017 according to E-Surv
The latest Mortgage Monitor from e-surv May 2017 headlines ‘large deposit borrowers fall to lowest level in 2017’. According to e-surv, one of the UK’s largest residential chartered surveyors, the proportion of people buying a home with a large deposit fell in May. The size of overall mortgage market shrinks compared to last year,…
Allen Walkey