Breaking News
Increase in number of remortgages Q4 2016 according to Paragon Mortgages
Recent press release from Paragon Mortgages headlined ‘Brokers see surge in remortgages as borrowers opt for longer term fixed rates’. Paragon Mortgages’ latest Financial Advisors Confidence Tracking (FACT) Index report has identified a shift in type of mortgage borrower in 2016, with remortgage business increasing in each quarter. In the Q4 2016 report it states…
Allen Walkey
Interest rates remain on hold at 0.25%
Bank of England – Monetary Policy Committee (MPC) Announcement and Minutes 16th March 2017. The MPC voted by a majority of 8-1 to maintain Bank Rate at 0.25% at their meeting ending 15 March 2017. The Committee voted unanimously to continue with the programme of sterling non-financial investment-grade corporate bond purchases, financed by the issuance…
Allen Walkey
Housing Statistical Release including right to buy and transfers
Official statistics on the number of sales of dwellings under the Right to Buy scheme in England – October to December 2016 released from the Department for Communities and Local Government 16th March 2017. The release presents official statistics on the number of sales of dwellings under the Right to Buy scheme, as well as providing…
Allen Walkey
BNP Paribas in takeover talks with estate agent Strutt and Parker
It is being reported on various media outlets that BNP Paribas France’s largest bank is in takeover talks with upmarket estate agent Strutt & Parker. It would appear from reports that discussions over a deal have been ongoing for a number of months, the French bank has taken a keen interest in buying the estate…
Allen Walkey
New government grant to tackle homelessness
Announcement from the Department for Communities and Local Government and Marcus Jones MP yesterday 15th March on the Gov.UK website headlined ‘New grant for council homelessness services’. The government is transforming the way councils fund homelessness services, giving them greater flexibility to prioritise homelessness prevention, Communities Minister Marcus Jones has confirmed. The new grant will…
Allen Walkey
Landlords warned about using free classifieds ads via “Nightmare Tenants, Slum Landlords”
“Nightmare Tenants, Slum Landlords” airs its second episode of the third series night (Wednesday 15th March) at 9pm on Channel 5 which explores the fallout one landlord faces after deciding to let her property through Gumtree. Despite not knowing much about how Gumtree operates, Vicki McNaught made the decision to list her property on the…
EAN Content
Loans for house purchase at a near 2 year low in January according to CML
New data for January released yesterday by the Council of Mortgage Lenders (CML) headlined ‘Home buying activity declines in January’. In January, home buyers borrowed £8.4bn, first-time buyers borrowed £3.6bn for home-owner house purchase, home movers borrowed £4.9bn. In the report CML stated: The number of loans advanced for house purchase in January was at…
Allen Walkey
£62.8 billion of new residential loans was advanced to individuals during October-December 2016.
The Bank of England – Prudential Regulation Authority released yesterday 14th March – Mortgage Lenders and Administrators Statistics – 2016 Q4. The Mortgage Lenders and Administrators Return (MLAR) is a quarterly statistical release aggregated from data on mortgage lending activities provided by around 340 regulated mortgage lenders and administrators. The return confirmed: £62.8 billion of new…
Allen Walkey
Badger Holdings launches online tenancy management portal / reporting tool
Badger Holdings Group have launched their new online tenancy management portal for Townends and Regents Estate Agents, giving landlords greater visibility to key elements of their tenancy. Digital contracts, tenants’ details, online statements, pending work orders and downloadable documents such as inventories, EPCs, deposit certificates and more can be accessed via the online portal. This…
EAN Content
Property investment heads north and west says Home.co.uk
Home.co.uk Asking Price Index for England and Wales March 2017 released today headlines ‘Demand heads north as London slumps’. Year-on-year price appreciation for England and Wales has slipped to just 2.6%, month on month shows at +0.6%. The summary section leads with – Stagflation in the UK property market looks highly likely this year. Doug…
Allen Walkey
Welsh government introduces bill to abolish right to buy
The Welsh Government’s proposal to end the right of social housing tenants to buy their own homes started its journey through the National Assembly for Wales on Monday 13th March, the rights to buy will be abolished across the housing sector, including housing associations and council homes. The Welsh Government aims to protect the Welsh…
Allen Walkey
First annual decrease for rents in UK since 2010 according to Countrywide
Rents in the UK have recorded their first annual decrease since 2010, according to Countrywide plc Monthly Lettings Index report for February 2017. Tenant demand has been dropping the fastest in London, possibly caused by the Brexit decision. This drop in demand has seen rents in the capital drop 4.3% over the year to an…
Allen Walkey
Houses prices grow at fastest pace for a year in February according to Your Move
The Your Move latest England & Wales House Price Index for February 2017 released today headlines ‘Highest house price growth for a year with Birmingham and Merseyside experiencing new peak’. The report states: Prices grew at their fastest pace for 12 months in February, at 0.6% monthly, but annual house price inflation fell for 12th…
Allen Walkey
Qube Global Software new Media Partner for #ProptechDen 2017
The team over at Qube Global Software are kindly supporting our first ever #ProptechDen at Google Campus in London, April 19th. To secure your free tickets to watch a selection of startup / early stage proptech companies then simply visit the Eventbrite page here: https://www.eventbrite.co.uk/e/proptech-den-2017-tickets-31964167686 We already have a packed line up of those pitching on…
EAN Content
Revenue growth maintained in both the Estate Agency and Surveying Divisions for LSL.
LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, earlier this week announced preliminary results for the year ended 31st December 2016. The group saw operating profit growth of 58% at £65.4m compared with £41.4m for 2015. In the announcement they stated: Continued momentum in the…
Allen Walkey