Breaking News
Number of homes available for private rent falls in England
Private sector tenants face being squeezed as the number of homes to rent falls says the RLA in a recent press release 24th May 2018. The RLA states: According to data published today, the number of homes for private rent in England fell by 46,000 between March 2016 and March 2017. This was the first…
Allen Walkey
Record Performance and Growth reported by ZPG
ZPG released on 23rd May 2018 their half-year results for the six months ended 31 March 2018. Business highlights Revenue up by 33% to £156.9 million and Adjusted EBITDA up by 41% to £63.4 million Like-for-like (Like-for-like growth includes a full six months trading from all acquisitions in both periods) revenue and Adjusted EBITDA increased…
Allen Walkey
UK house prices grew by 4.2% in the year to March 2018
UK House Price Index – March 2018 published yesterday 23rd May 2018 from HM Land Registry. In England, the March data shows on average, house prices have fallen by 0.3% since February 2018. The annual price rise of 4% takes the average property value to £240,949. Wales shows, on average, house prices have fallen by…
Allen Walkey
First-time buyers will pay twice as much to buy a home in London compared to elsewhere in UK
New research from Lloyds Bank reveals it now costs twice as much for first-time buyers to buy a home in London compared to anywhere else in the UK (£420,132 vs £210,515). During the past five years, the average price of a property bought by a first-time buyer in London has risen by 64%, from £255,794…
Allen Walkey
Landlords need to comply by 25th May 2018 with General Data Protection Regulations (GDPR)
Only a few days to go before the GDPR comes into force on the 25th May 2018, the RLA has warned that landlords who have not already done so need to seek urgent advice and support to ensure they are fully compliant with the law. Landlords are warned to prepare for the complexities of the…
Allen Walkey
Property prices up in Wales but transactions slump overall in England and Wales.
The latest LSL Property Services/Acadata England and Wales House Price Index report – April 2018 released 21st May 2018 headlined ‘Prices in Wales surge 4.8% as buyers rush to beat new Land Transaction Tax.’ Prices are down for the third month in a row, and the annual rate of growth has now fallen for almost…
Allen Walkey
Asking prices hit all-time high but number of sales agreed are down according to Rightmove
The latest House Price Index May 2018 from Rightmove reveals that the asking price of property coming to the market has hit a new national record with a monthly increase of 0.8% (+£2,343) pushing the average up to £308,075. Seven out of 11 regions have hit new price records this month. Record visits to Rightmove…
Allen Walkey
Ground laid for a comparatively strong second half performance says Hunters.
Hunters one of the UK’s largest franchised sales and lettings agency businesses, issued an AGM Statement and Trading Update for the first four months of the year, ahead of its Annual General Meeting held Friday 18th May 2018. The Chairman, Kevin Hollinrake, made the following statement: “So far this year we have signed nine new…
Allen Walkey
Demand for The Property Ombudsman (TPO) services continues to rise
The Property Ombudsman (TPO) has today released its 2017 annual report. Property Ombudsman Katrine Sporle confirms the number of complaints received rose by 3% to 3,658. TPO made financial awards to consumers in 2,408 instances which totalled £1.36 million, an increase of 11% on the previous year. The report reveals the top causes of sales…
EAN Content
UK FINANCE REVEALS NUMBER OF INTEREST-ONLY MORTGAGES HALVES IN SIX YEARS
The number of interest-only mortgages has almost halved in the past six years, UK Finance figures reveal. There are currently 1.7 million outstanding interest-only mortgages (including partial interest-only), down 46 per cent since 2012. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said: “The number of outstanding interest-only loans has halved…
EAN Content
Shelter’s response to the government’s Hackitt review on fire safety following the Grenfell Tower fire
Shelter’s response to the government’s Hackitt review on fire safety following the Grenfell Tower fire. Polly Neate, CEO of Shelter, said: “Unfortunately the Hackitt Review has ducked a huge challenge by failing to ban combustible cladding outright. “We are deeply concerned that of the 189 social housing blocks with Grenfell-style cladding less than 4% have…
Allen Walkey
Lonres and Let Alliance join forces in a Strategic Partnership
LonRes, the independent data and agent network business, and Let Alliance, the specialist letting services provider, has announced that they are to join forces in a strategic partnership. LonRes Let Alliance, has been designed to meet the specific challenges of the London lettings market and is exclusive to LonRes subscribers. It offers the widest range…
Allen Walkey
Major Surveying Contract Win for LSL Property Services
LSL Property Services plc, a leading provider of residential property services incorporating both Estate Agency and Surveying businesses, has announced that e.surv Limited, its residential surveying and valuation services operation, has been awarded a material contract to supply surveying and valuation services to Lloyds Bank plc. LSL announced that Lloyds Bank plc surveying and valuation…
Allen Walkey
Small increase in lending to first-time buyers in March according to UK Finance
Latest UK Finance Mortgage Trends Update for March 2018 headlined ‘Remortgaging Market Softens In March After Busy Start To The Year.’ UK Finance’s Mortgage Trends Update for March 2018 has revealed a small increase in lending to first-time buyers compared to a year earlier, while remortgaging levels softened slightly after a busy start to the…
Allen Walkey
Government to give councils and housing associations the help they need to replace unsafe Grenfell-style cladding.
Comment from Shelter on the Prime Minister’s announcement that the government will fully fund the removal and replacement of dangerous cladding by councils and housing associations. Polly Neate, CEO of Shelter, said: “For more than six months Shelter has been calling on the government to step up to the plate, and today the Prime Minister did. “It’s great…
Allen Walkey