Breaking News
Surprising rise in proportion of landlords using a letting agent according to NLA
The proportion of landlords who use a letting agent to help manage their property has spiked since the end of last year, according to new research from the National Landlords Association (NLA). Over 60 per cent of landlords say they currently use a letting agent to manage their properties, a rise of seven per cent…
Allen Walkey
Housing market is losing momentum according to Nationwide
Nationwide House Price Index May 2017 released today headlines ‘Further slowing in annual house price growth in May.’ House prices show third consecutive monthly decline for the first time since 2009. Annual house price growth dips to 2.1% from previous 2.6% in April, providing further evidence that housing market is losing momentum. Commenting on the…
Allen Walkey
#PropTechDen invites you to the next event August 3rd 2017
#Proptech Den – August 3rd It’s back and a host of new Proptech startups and judges at Google Campus London on August 3rd 6:15-10pm! Book your free tickets to attend easily on Eventbrite today here: https://www.eventbrite.co.uk/e/proptechden-august-2017-tickets-34502309336 Would you like to be part of the next #PropTechDen (August 2017)? If you would like to pitch your…
Allen Walkey
CML reviews housing in Scotland compared to rest of UK
Latest news release from the Council of Mortgage Lenders (CML) published 30th May 2017 headlined ‘Housing in Scotland: a key political issue’ CML looks at how the market in Scotland compares to the rest of the UK, and reviews different housing practices and policies operating north of the border. Scotland is the second largest housing…
Allen Walkey
The Happy Tenant Company acquires well known Landlord and Letting business
The Happy Tenant Company (HTC), a residential asset management company, is pleased to announce the acquisition of The Landlord and Letting Show, The Landlord and Letting Awards and The Landlord and Buy to Let magazine, alongside plans to host their first landlord conference later this year. Recognised in the industry, the Landlord and Letting show…
EAN Content
Property Master has launched the UK’s first digital buy-to-let mortgage brokerage service.
Property Master has launched the UK’s first digital buy-to-let mortgage brokerage service. Property Master will allow landlords to find, compare and secure the best mortgage deals available for their buy-to-let portfolio, saving them up to £3,000 per BTL mortgage. Property Master enables the UK’s 2 million private landlords to take control of their portfolio financing…
Allen Walkey
Telford Homes Plc reports record revenue of £291.9 million
Telford Homes Plc, the London focused residential property developer, today announces its final results for the year ended 31 March 2017. Telford Homes Plc reports record revenue of £291.9 million, an increase of 19 per cent (2016: £245.6 million) Commenting on the Final Results, Jon Di-Stefano, Chief Executive of Telford Homes, said: “I am delighted…
Allen Walkey
Labour manifesto contains plans to introduce Land Value Tax
Various reports out today highlight that the Labour manifesto contains plans for a Land Value Tax to replace the council tax and business rates on homes and gardens, council tax bills could treble for middle-class homeowners according to the conservatives. The Conservatives have estimated the average cost to homeowners with gardens at nearly £4,000 and…
Allen Walkey
Homes in areas closer to supermarkets command a premium according to Lloyds Bank
New research from Lloyds Bank has found that homes within easy reach of a local supermarket are, on average, £21,512 higher than in nearby areas. Areas close to budget supermarkets have seen biggest house price rises, with growth of 11% in 3 years. House prices near a Waitrose typically cost £36,480 more than in the…
Allen Walkey
Supply of private rental properties available in London fell by a third in April according to ARLA Propertymark
According to the latest ARLA Propertymark UK Private Rented Sector report for April, supply of properties available in London fell by a third in April, while only rising marginally on average across the UK. The number of tenants negotiating rent reductions fell last month – 2.8 per cent of agents witnessed tenants successfully negotiating rent…
Allen Walkey
CML estimate gross mortgage lending for April at £18.4 billion
The Council of Mortgage Lenders (CML) yesterday 25th May 2017 published news release headlined ‘Gross mortgage lending £18.4 billion in April.’ In their market commentary released the same day they headlined the following: Transactions continue to be driven by first-time buyers, as all other parts of the market remain weaker than this time last year….
Allen Walkey
Belvoir lettings trading update announces total group revenue up 19%
Belvoir Lettings PLC, one of the UK’s largest property franchises, issues a trading update ahead of the Group’s General Meeting today. Trading during the first quarter of the current financial year has been in line with the Board’s expectations. Group revenue was up 19% on the prior year, mainly reflecting the acquisition of Northwood in…
Allen Walkey
Proportion of small deposit buyers has risen again says e.surv
e.surv Chartered Surveyors Mortgage Monitor for April released May headlines ‘Small deposit lending increases once again’. Highlights are: Fourth successive month the proportion of small deposit buyers has risen, taking a 21.4% share of the market Overall mortgage market has grown for first time since November 2016 Northern Ireland is top location for small deposit…
Allen Walkey
London house purchase activity decreased in the first quarter according to CML
Council of Mortgage Lenders (CML) press release today headlines ‘Home buyers in London down 19% in the first quarter compared to a year ago.’ New Council of Mortgage Lenders data reveals London house purchase activity decreased in the first quarter but remortgage lending continued a resurgence. In the first quarter, home buyers borrowed £5.4bn for house…
Allen Walkey
Number of residential property transactions drops by over one fifth in April
HM Revenue and Customs UK Property Transactions Count – April 2017 released 23rd May 2107. National Statistics – monthly property transactions completed in the UK with value of £40,000 or above. The number of residential property transactions dropped by over one fifth in April as the housing market showed further signs of a slowdown. For April…
Allen Walkey