Breaking News
Purplebricks UK business now in profit
Purplebricks Group plc, today announces its final results for the year ended 30 April 2017. UK expectations upgraded, Australia on track, US beckons. Group revenue up 151% to £46.7m (FY16: £18.6m) – UK revenue up 132% to £43.2m (FY16: £18.6m) Commenting on the results, Michael Bruce, Group Chief Executive, said: “This has been a very…
Allen Walkey
NHF calling on the Government to halt the testing on ACM cladding and shift its focus to making people safe
The Metropolitan Police have confirmed that the Grenfell Tower Fire death toll has risen to 80 and also revealed that it will take three months to identify the victims that it could and that the real death toll was likely to be higher. The National Housing Federation (NHF) have said the searches carried out had…
Allen Walkey
Small deposit borrowers now make up over one-fifth of the mortgage market says Richard Sexton (e-surv)
Comments from Richard Sexton, director at e.surv, following the latest Nationwide House Price Index figures showing that prices have risen 1.1% month-on-month in June and annual house price growth rises to 3.1%. His comments: “Our latest Mortgage Monitor shows that small deposit borrowers now make up over one-fifth of the mortgage market. Although house prices…
Allen Walkey
UK house prices rebounded in June according to Nationwide
The Nationwide House Price Index report June 2017 released today headlines ‘House price growth regains momentum in June.’ Prices rose 1.1% month-on-month in June, reversing the previous three months’ falls. Annual house price growth rises to 3.1%. Gap in house price growth between strongest and weakest performing regions in Q2 is the smallest on record….
Allen Walkey
New independent expert advisory panel to advise on measures to be put in place following the Grenfell Tower fire
Sajid Javid announces a new independent expert advisory panel to advise on measures to be put in place following the Grenfell Tower fire. A separate independent Public Inquiry will investigate what happened and who was responsible for the disaster. This expert panel will look at any immediate action that is required so the public can be…
Allen Walkey
The number of sales agreed per branch increased in May according to NAEA Propertymark
The National Association of Estate Agents (NAEA) Propertymark’s monthly UK Housing Report – May 2017 found that only 3% of properties were sold nationally above their asking price, which was down 4% from April 2017 and the lowest since October last year. The number of homes which sold for less than asking price rose to…
Allen Walkey
Shelter comments on new homelessness statistics.
Shelter’s recent comment on the ONS new homelessness statistics. New government figures on homelessness show: In the last year alone, 59,090 households were accepted as homeless by their local council – a rise of 17% over the last 5 years. A further 199,630 cases were at risk of homelessness and sought help through the council….
Allen Walkey
Vital to adopt a more joined up approach to delivering advice to older borrowers
New research undertaken for the Council of Mortgage Lenders (CML) in conjunction with the Building Societies Association (BSA) says that it is vital to adopt a more joined up approach to delivering advice to older borrowers, and to narrow the gap between mainstream lifetime mortgage advice silos. June Deasy, head of policy, CML said: “Older…
Allen Walkey
Gross mortgage borrowing totalled £13.3 billion in May according to BBA
The BBA’s latest data from the high street banks for May 2017 released today shows gross mortgage borrowing in May totalled £13.3bn much in line with recent months and 9% higher than a year before.. Net mortgage borrowing was 2.4% higher than a year ago. House purchase approval numbers in May of 40,347 were 3.3%…
Allen Walkey
Aldermore reaffirms support and commitment and launches new website.
Aldermore, the specialist bank, has reaffirmed its support and commitment to the intermediary market with the launch of its new service promise to ensure that brokers continue to receive exceptional support, also as part of Aldermore’s ongoing commitment to the intermediary market, the Bank has also launched a new website. The new website allows brokers…
Allen Walkey
Hometrack believes there is potential for material upside for city house prices outside southern England.
The UK Cities House Price Index – May 2017 released today by Hometrack. Annual rate of growth UK increases to 4.7%. UK city house price growth is 5.1% per annum, down from 8.8% in May 2016. Half of cities have faster growth than a year ago. While the annual rate of growth is at 5.1%…
Allen Walkey
Gross mortgage lending reached £20.1 billion in May estimates the CML
In a press release yesterday 22nd June: The Council of Mortgage Lenders (CML) estimates that gross mortgage lending reached £20.1 billion in May. This is a 12% increase on both April last month and on May last year, in which £17.9 billion was advanced. The CML’s buy-to-let forecast for 2017 and 2018 has been revised…
Allen Walkey
The Property Ombudsman (TPO) launches its annual report at House of Lords event
Today (3.30pm), at the House of Lords, The Property Ombudsman (TPO) launches its latest annual report, which reveals an increase in the number of formal complaints resolved by the scheme and a record total of compensatory awards paid by agents. Property Ombudsman, Katrine Sporle, will announce that the overall number of awards TPO instructed agents…
EAN Content
Hamilton Fraser acquires Landlord Action
HF Resolution Ltd, a subsidiary of Hamilton Fraser, has acquired one of the industry’s leading tenant eviction solicitor firms, Landlord Action Limited. Landlord Action was founded in 1999 as the first ever fixed-fee tenant eviction service. Led by Founder Paul Shamplina, Landlord Action has since acted in more than 35,000 problem tenant cases, become a…
EAN Content
Worrying slump in UK property rental market says Home.co.uk
Press release yesterday 21st June 2017 from Home.co.uk headlined ‘Alarming Decline in Homes for Rent’. The UK property rental market has seen a worrying slump of 11.6% in available stock over the last six years, according to new figures released by Home.co.uk. In some areas the fall is much more dramatic and can only compound…
Allen Walkey