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The greatest downward pressure on prices is being registered in inner London areas according to Hometrack
The latest Hometrack UK Cities House Price Index report – February 2018 reveals: The divergence in house price growth between southern England and regional cities continues with overall HPI at 5.2%. Regional cities continue to register above average growth with five cities registering price inflation over 7% according to Hometrack. The headline rate of growth across…
Allen Walkey
Gross mortgage lending in February is estimated to have been £19bn according to UK Finance
Latest UK Finance update on lending for February 2018. UK Finance reveals: Gross mortgage lending in February is estimated to have been £19bn, 4.9 per cent more than a year earlier but below the monthly average of £21.4bn for 2017. Remortgage approvals in the month are up over 9 per cent in both number and…
Allen Walkey
Sales to first-time buyers rose in February 2018 according to NAEA Propertymark
Latest NAEA Propertymark Housing Report – February 2018 reveals: Sales to first-time buyers rose in February and the number of house-hunters fell in line with the supply of available properties. The number of prospective house-hunters fell by 16 per cent in February – from 367 registered per branch, to 309, year on year this is…
Allen Walkey
Mortgage approvals decline slightly between January and February according to e.surv
The latest Mortgage Monitor from e.surv, one of the UK’s largest residential chartered surveyors, shows there were 66,364 mortgages approved (seasonally adjusted) during February 2018. Mortgage approvals decline slightly between January and February with growth in number of first-time buyers and small deposit mortgages. e.surv reveals that this month’s approvals are 1.25% lower than in…
Allen Walkey
Council welcomes Coulsdon homes decision
Croydon Council’s cabinet member for regeneration has welcomed the approval of a Coulsdon planning application that will mean more affordable homes for borough residents. Brick by Brick, the development company set up by the council, received planning permission last night (Thursday) for five buildings providing 157 homes at the former Lion Green Road car park….
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NFB: SMEs are key to delivering infrastructure and housing
The Government has announced that £300 million of the Housing Infrastructure Fund will be invested in the West of England, Oxfordshire and Greater Manchester to help unlock housing developments and strengthen infrastructure. The Government has shortlisted a further 44 areas for major infrastructure projects, which could deliver up to 400,000 new homes. The National Federation…
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Shelter response to MHCLGS’s homelessness stats
Shelter response to MHCLGS’s homelessness stats; · In the last 5 years, the number of homeless families living in temporary accommodation has increased by 48%. · Losing a private tenancy remains the single biggest cause of homelessness. 16,320 households became homeless after being evicted from a privately rented home in the last year, accounting for…
Allen Walkey
Bank of England holds interest rate at 0.5%
Bank of England announced yesterday 22rd March 2018 to hold interest rate at 0.5%. The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 21 March 2018, the MPC voted by a…
Allen Walkey
Almost £300 million government investment to deliver more homes across England
Government Investment to unlock more homes across England announced yesterday 21st March 2018. Almost £300 million government investment in Greater Manchester, the West of England and Oxfordshire is set to help deliver thousands of much-needed new homes for local communities, Housing Secretary Sajid Javid announced 21 March 2018. Greater Manchester is set to receive £68…
Allen Walkey
Countrywide step up to support sport relief 2018
Countrywide press release published earlier this week headlined ‘Countrywide step up to support Sport Relief’, the release read as follows: On Friday 23rd March Countrywide’s Conveyancing Services Manchester office will be transformed into a call centre for Sport Relief 2018. Members of staff from the Manchester office and throughout the wider business across the UK…
Allen Walkey
NFB: You cannot diversify the housing market with demand-led initiatives
The National Federation of Builders (NFB) fully supports efforts to build more council homes because they contribute to diversifying the housing market. However, research by the Chartered Institute of Housing (CIH) revealed that 95p in every £1 of Government housing spend ends up financing housing benefit payments, rather than the building of new homes. According…
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Bank of England’s buy to let changes make it harder to get a mortgage say landlords
Six months after the Bank of England’s (BoE) latest attempt to cool the buy to let market, almost two thirds of landlords (63 per cent) who are aware of the changes say it is now harder to get a mortgage. The changes, which come from BoE’s Prudential Regulatory Authority (PRA), were introduced in two stages…
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CIELA admits failure to gain momentum and support – Closes March 31st
Having sat with Charlie when CIELA was an idea boiling away in his mind, We are sad to share the following: It is with great disappointment that I write to you to inform you that with effect from 31st March, CIELA will permanently cease to exist. CIELA’s plan was to raise industry standards, starting by…
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The largest annual house price growth was recorded in Scotland for year to January 2018
UK House Price Index – January 2018 from HM Land Registry published 20th March 2018. The latest Index reveals: Average house prices in the UK have increased by 4.9% in the year to January 2018 (down from 5% in the year to December 2017). The largest annual price growth was recorded in Scotland, where prices…
Allen Walkey
Brexit: NFB welcomes agreement on transition period
David Davis, secretary of state for exiting the EU, and Michel Barnier, EU chief negotiator for Brexit, said that the two sides have agreed on a “large part” of the transition agreement that will structure the “orderly withdrawal” of the UK from the EU. The transition period will last from 29 March 2019 – the…
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