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NLA BUDGET RESPONSE: NO NEWS STILL BAD NEWS FOR LANDLORDS
Responding to the Chancellor’s Budget announcement today Richard Lambert, Chief Executive Officer, National Landlords Association (NLA), said: “The Chancellor has passed up his last opportunity to reverse the damaging plans to restrict mortgage interest relief for landlords before they hit, or even to act on suggestions as to how he might ease the immediate impact. …
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Vunerable tenants being pushed out of private rental market according to RICS
The latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey February 2017 released today headlines ‘Rising rents and benefits cuts pushing vulnerable tenants out of private housing market’. According to their survey they state that around one-third of respondents say homeless people and those on housing benefits are being pushed out of private rental…
Allen Walkey
Substantial reduction in property sales transactions, especially in Central London reports Foxtons
Foxtons Group plc, London’s leading estate agent, today announces its financial results for the year ended 31 December 2016. Sales revenue down 23%, Lettings revenue down 1%, Mortgage revenue up 7%. Seven branches opened in 2016 and a further two in February 2017 taking network to 67 Commenting on the results, Nic Budden, CEO, said:…
Allen Walkey
Scottish rental market makes a positive start to 2017
Recently released Your Move Scotland Rental Index (Buy to Let), February 2017 headlines ‘Scotland rental market starts 2017 on a high’ Key findings in the report show that average rental prices in Scotland now £571 a month, up 4% annually on £548 recorded a year ago., that Edinburgh and Lothians see strongest annual growth at…
Allen Walkey
Annual rate of house price growth falls to 5.1% in February says Halifax
Halifax House Price Index (HPI) report February 2017 released today headlined ‘Annual house price growth declines to 5.1%’. They state: House prices in the three months to February 2017 were 1.7% higher than in the three months to November 2016. House prices in the three months to February were 5.1% higher than in the same…
Allen Walkey
Apprentices are good for your business says FMB
The Federation of Master Builders (FMB) recently published a research article in which they stated that consumers prefer to hire firms that train apprentices, the new FMB research shows that 50% of households are more likely to hire builders who employ apprentices. Brian Berry, Chief Executive of the Federation of Master Builders (FMB), said: “This…
Allen Walkey
Under 22’s will no longer automatically qualify for housing benefit.
Housing benefit will shortly no longer be available for 18-21 year-olds after ministers have decided to go ahead with controversial plans to force young unemployed people to live with their parents or pay their own rent. New Universal Credit regulations state that jobless under-22s will no longer qualify for help with their rental costs, the…
Allen Walkey
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