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Owner occupation rates remain unchanged for the third year in a row.
The latest English Housing Survey (EHS) a national survey of people’s housing circumstances and the condition and energy efficiency of housing in England recently published from the Department for Communities and Local Government has found that the number of households living in their own home is broadly unchanged on the year before, however this is…
Allen Walkey
Home affordability in Scottish cities is on average, now at its worst level since 2009.
Recent press release from the Bank of Scotland headlined ‘Home affordability deteriorates for fourth year in Scotland’s cities’ According to the latest Bank of Scotland Affordable Cities review, home affordability in Scottish cities is, on average, now at its worst level since 2009 and is slightly worse than in Scotland as whole. Graham Blair, Mortgage…
Allen Walkey
Paul Shamplina, to star in 3rd series of Nightmare Tenants, Slum Landlords
Paul Shamplina, Founder of Landlord Action and Brand Ambassador of Hamilton Fraser, is set to feature in his third series of “Nightmare Tenants, Slum Landlords”, a twelve-part series starting this Sunday (5th March) on Channel 5. The programme once again delves into the dark side of the buy-to-let market showing the complexities landlords and tenants…
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More first-time buyers are having to pay stamp duty on their home purchase
As house prices continue to rise more first-time buyers (FTB) are having to pay stamp duty on the purchase of their properties, just 26% of FTB’s in 2016 were able to buy properties worth under the stamp duty threshold (£125k), that is down from 47% of FTB’s 10 years earlier, according to data from the…
Allen Walkey
UK average rents continue to see a slower rate of growth compared to last year says Homelet
Data from the latest Homelet Rental Index February 2017 reveals average rents in the UK continue to see a slower rate of rental growth compared to last year. The average UK rental value was £895pcm, compared to the same period last year that is an increase of 0.8% (£882pcm). The average rental value in Greater…
Allen Walkey
ZPG Plc snapping up again with Expert Agent
The ever increasing jaws of ZPG Plc have been snapping up leading industry service providers again this time with Expert Agent being the latest to join the likes of uSwitch, Primelocation, Home track, Property Software Group in the great treasure chest belonging to the second biggest property search engine for the UK. Expert Agent, formed…
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Hamilton Fraser announces launch of new website
Hamilton Fraser, parent company to mydeposits, Total Landlord Insurance, the Property Redress Scheme and Client Money Protect has announced the launch of its brand new website, designed to create an amalgamated hub for all its brands. A year in the making, the redesigned site is now live and forms part of a larger initiative for…
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ZPG PLC announces their aquisition of Expert Agent
ZPG Plc yesterday 1st March announced that it has acquired Expert Agent, this is following the announcement on 31 January that ZPG was in negotiations on a potential further acquisition. Expert Agent was established in 2003 and was the first UK provider to take estate and letting agency software online and provides fully cloud-based software…
Allen Walkey
annual rate of House price growth little changed in February says Nationwide
Nationwide House Price Index (HPI) report February 2017 released today headlines ‘UK house prices continued to rise steadily in February’. Annual house price growth edges up to 4.5%, slightly higher than January at 4.3%. A month-on-month rise in February of 0.6%. More households in England own outright than with a mortgage. Commenting on the figures,…
Allen Walkey
Government ought to seize this opportunity to work with industry says NFB
The National Federation of Builders (NFB) and the House Builders Association (HBA) believe that the Government’s housing policies have contributed to inflating demand for housing without boosting supply, in a recent news release on 27th February from the NFB they think that the Government should listen to industry more on the Housing White Paper. Figures…
Allen Walkey
City living is becoming increasingly expensive says Lloyds Bank
Lloyds Bank press release yesterday 27th February Affordable Cities Review headlined ‘Home affordability in cities at its worst since 2008’. Home affordability measured by the ratio between average city house prices and average gross local earnings across UK cities is at its worst level since 2008, according to Lloyds Bank’s Affordable Cities Review. In the…
Allen Walkey
Persimmon continued to perform strongly in 2016
Persimmon plc announced yesterday their Final Results for the year ended 31 December 2016. A rise in underlying profit of nearly a quarter and growing sales for 2016 were the highlights to the announcement, their focus on disciplined high quality growth delivers excellent full year performance. Nicholas Wrigley, Group Chairman, said: “Persimmon continued to perform…
Allen Walkey
Good start to the year as rents increase in most regions, says Your Move
The Your Move Buy-to-Let Index February 2017 report released last week headlined ‘Rental market has strong start to 2017’. Landlords enjoyed a good start to the year as rents grew in all regions except one in the year to January 2017 according to the Your Move England & Wales Buy to Let Index. Valerie Bannister,…
Allen Walkey
Gross mortgage borrowing totalled £13.8 billion in January according to BBA
The latest High Street Banking Figures statistical report January 2017 released by the BBA 24th February reveales that gross mortgage borrowing totalled £13.8 billion in January, 6.3% higher than the same period last year, net mortgage borrowing was 2.4% last month, higher than in January 2016. House purchase approval numbers were 2.5% lower than in…
Allen Walkey
LANDLORDS LOOK TO COMMERCIAL LOANS TO SIDESTEP BUY-TO-LET TAX CHANGES
The proportion of landlords intending to take out commercial loans to fund their property purchases has doubled over the last 18 months as they look for ways to avoid the impact of forthcoming changes to landlord taxation. The research* from the National Landlords Association (NLA) shows that the proportion of landlords who said they planned to…
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