Breaking News
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
HM Land Registry – 92,009 sales lodged for registration in June 2017 in England and Wales
June 2017 Price Paid Data published 28th July 2017 from HM Land Registry. HM Land Registry Price Paid Data tracks land and property sales in England and Wales submitted for registration. 92,009 sales lodged for registration in June 2017 in England and Wales, 67,772 were freehold, 9,595 were newly built, 29,901 sales took place in June…
Allen Walkey
Agents in Nottinghamshire, Liverpool and Bradford expelled from The Property Ombudsman scheme
Three agents have been expelled from membership of The Property Ombudsman (TPO) scheme for two or more years, after failing to pay awards made by the Ombudsman or comply with TPO’s Codes of Practice for Residential Estate Agents and Letting Agents. The decisions to expel Shields & Co (Nottinghamshire), LPC Lettings Limited (Liverpool) and Blackhorse…
EAN Content
Rightmove experiments with ‘Rent London’ Facebook Messenger bot and iOS app
Rightmove is testing out new ways for home hunters to interact when searching for a home to rent. An experimental Facebook Messenger bot has been created for people searching in London for a place to rent, and is available to anyone by searching for ‘Rent London’ within Facebook Messenger. Using Messenger’s conversational style interface, renters…
Rightmove
Revenue up, Profits up and Advertisers at all time high reports Rightmove
Rightmove today releases half year results for the six months ended 30 June 2017. Rightmove, the UK’s number one property site, has delivered another strong period of growth in the six months ended 30 June 2017. Revenue increased by 11% to £119.5m with underlying operating profit up 11% to £91.0m and operating profit up 9%…
Allen Walkey