Breaking News
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
Statement from Shelter in response to the government announcement of a Public Inquiry into the Grenfell Tower fire
Statement from Shelter in response to the government announcement of a Public Inquiry into the Grenfell Tower fire. Graeme Brown, Interim CEO of Shelter, said: “We are concerned that the terms of reference for the official Grenfell public inquiry appear to be narrow according to comments made by the appointed chair. This is a unique…
Allen Walkey
Scottish rents ticked down ahead of May general election according to Your Move
The latest Your Move Scotland buy to let index report for May 2017 headlined ‘Scotland rental market pauses for breath pre-election’. According to the Index average Scottish rent in May dropped back ahead of general election. The data showed that prices in major city centres continued to perform strongly, as have rural areas such as…
Allen Walkey
CMA clears ZPG’s aquisition of Expert Agent.
ZPG announced Thursday, June 29, 2017, that the Competition and Markets Authority (CMA) has cleared its acquisition of Expert Agent. ZPG acquired Expert Agent in March as part of its continuing mission to be the most effective partner for UK property professionals. With the CMA review complete and the transaction having received the green light,…
Allen Walkey
Mortgage approvals for house purchase were broadly stable according to BoE
Bank of England (BoE) statistical release yesterday 29th June 2017: Money and Credit – May 2017 Lending to individuals: lending secured on dwellings. Net lending secured on dwellings was £3.5 billion in May, up from the 12-month low of £2.7bn seen in April. Mortgage approvals for house purchase were broadly stable at 65,202, while approvals…
Allen Walkey
Purplebricks UK business now in profit
Purplebricks Group plc, today announces its final results for the year ended 30 April 2017. UK expectations upgraded, Australia on track, US beckons. Group revenue up 151% to £46.7m (FY16: £18.6m) – UK revenue up 132% to £43.2m (FY16: £18.6m) Commenting on the results, Michael Bruce, Group Chief Executive, said: “This has been a very…
Allen Walkey
NHF calling on the Government to halt the testing on ACM cladding and shift its focus to making people safe
The Metropolitan Police have confirmed that the Grenfell Tower Fire death toll has risen to 80 and also revealed that it will take three months to identify the victims that it could and that the real death toll was likely to be higher. The National Housing Federation (NHF) have said the searches carried out had…
Allen Walkey
Small deposit borrowers now make up over one-fifth of the mortgage market says Richard Sexton (e-surv)
Comments from Richard Sexton, director at e.surv, following the latest Nationwide House Price Index figures showing that prices have risen 1.1% month-on-month in June and annual house price growth rises to 3.1%. His comments: “Our latest Mortgage Monitor shows that small deposit borrowers now make up over one-fifth of the mortgage market. Although house prices…
Allen Walkey
UK house prices rebounded in June according to Nationwide
The Nationwide House Price Index report June 2017 released today headlines ‘House price growth regains momentum in June.’ Prices rose 1.1% month-on-month in June, reversing the previous three months’ falls. Annual house price growth rises to 3.1%. Gap in house price growth between strongest and weakest performing regions in Q2 is the smallest on record….
Allen Walkey
New independent expert advisory panel to advise on measures to be put in place following the Grenfell Tower fire
Sajid Javid announces a new independent expert advisory panel to advise on measures to be put in place following the Grenfell Tower fire. A separate independent Public Inquiry will investigate what happened and who was responsible for the disaster. This expert panel will look at any immediate action that is required so the public can be…
Allen Walkey