Breaking News
Buyers with smaller deposits growing in number says e.surv
The latest Mortgage Monitor for February from e.surv Chartered Surveyors headlines ‘Strong performance continues for small deposit buyers’. Small deposit buyers continue to grow market share and make up a fifth of the market for all new mortgage approvals – a significant increase in the past year. In January 2017 small deposit borrowers took 18.7%…
Allen Walkey
More than 84,200 property sales were lodged for registration in February with Land Registry
Announcement today on Gov.UK website from Land Registry – February 2017 Price Paid Data. Land Registry Price Paid Data tracks land and property sales in England and Wales submitted to us for registration. This month’s Price Paid Data includes details of over 84,200 residential and commercial land and property sales in England and Wales lodged for…
Allen Walkey
Homelessness Reduction Bill recently passed its final stage in the House of Lords
Recent news release 23rd March from The Chartered Institute of Housing (CIH) the independent voice for housing and the home of professional standards headlined ‘Passage of bill ‘hugely positive’ as figures reveal continued scale of homelessness’. Terrie Alafat CBE, chief executive of the Chartered Institute of Housing, said: “The passage of the Homelessness Reduction Bill …
Allen Walkey
99% of TPO letting agents in Swansea & Dorset now displaying their fees correctly
Phase one of a national campaign between The Property Ombudsman (TPO) and the Chartered Trading Standards Institute (CTSI) to tackle letting agents breaking the law by not displaying their fees, is complete. The Property Ombudsman has confirmed that 99% of TPO letting agents in Swansea and Dorset are now compliant. Phase two of the campaign…
EAN Content
Homeownership has become less affordable for young people in the UK
Publication today from the Social Mobility Commission on the Gov.UK website headlines ‘Home ownership access to first-time buyers in the UK’. Research on first-time buyers’ reliance on their parents to get onto the housing ladder. Analysis of Government and housing market data finds that the proportion of young people embarking on home ownership has fallen…
Allen Walkey
Twitter thinking about charging users in the near future.
Twitter is growing, in most cases, to be one of the best and most sincere news channels available to users across the world. In times where we know that news stations just broadcast what their political beliefs steer them to share, social media and in particular Twitter, gives people the chance to find out what…
Christopher Walkey
Gross mortgage borrowing in February higher than same month last year according to BBA
The BBA today released their February 2017 figures for the high street banks. It states: Gross mortgage borrowing of £13.4 billion in February was 4.6% higher than in the same month last year. After allowing for repayments, February’s net mortgage borrowing was 2.5% higher than in February 2016. House purchase approval numbers of 42,613 were…
Allen Walkey
Highest house price growth is outside of London according to Hometrack
The latest UK Cities House Price Index – February 2017 from Hometrack released today leads with: City house price growth running at 6.4%, down from 7.8% twelve months ago. London house price growth is at its lowest level since 2013, the annual price increase in the capital is at 5.6% which is acting as a…
Allen Walkey
Housing market has been slowly building up momentum over the last few months according to CML
Press release today from the Council of Mortgage Lenders (CML) headlines ‘Gross mortgage lending £18.2 billion in February’. The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.2 billion in February. Read the CML Gross Mortgage Lending release in full click here. In the Market Commentary report also released today it states: The…
Allen Walkey
Demand for rental properties outstripping supply says Connells
Latest news release published by Connells earlier this week headlined ‘Lettings market stays strong for local lettings agency’. The rental market continues to grow and shows no signs of slowing down, according to local lettings agency Connells. Stephen Nation, Group Lettings Managing Director at parent company Connells Group says, “The current climate in the residential…
Allen Walkey
NORTH TYNESIDE COUNCIL LAUNCHES LANDLORD TRAINING PARTNERSHIP
North Tyneside Council and the National Landlords Association (NLA) have announced a new partnership that aims to bring professional practice to the private rented sector (PRS). The partnership – the first of its kind between a local council and a landlord body – will see North Tyneside Council encourage local landlords to sign up as…
EAN Content
Savills PLC announces record results
Savills plc, the international real estate advisor, today announces record results as the Group benefits from market share growth in key markets and its broad spread of services across the globe. Key Operating Highlights leads: The strength of our key commercial market positions, growth in Investment Management and the resilience of our residential businesses led…
Allen Walkey
Zoopla’s national spontaneous brand awareness is now at an all-time high according to ZPG
Press release published yesterday by ZPG headlined ‘Zoopla Brand Awareness Reaches New record Highs’ In the release it stated: The latest research conducted by Harris Interactive on behalf of ZPG, reveals that Zoopla’s national spontaneous brand awareness is now at an all-time high, with the gap over Rightmove also at its biggest level ever. In…
Allen Walkey
Government confirms implementation of new measures to crack down on rogue landlords.
ARLA | Propertymark confirmed in a recent news release that new measures are to be implemented under the Housing and Planning Act which will include powers to prosecute and impose significant fines or issue civil notices with penalties of up to £30,000. The new measures which come into force on the 6th April effectively mean…
Allen Walkey
Property Ombudsman backs national approval scheme that protects £51billion consumer spending
Consumers are urged to check if their trader is one of the 43,000 businesses following an approved Code of Practice and listed on the Approved Code Directory The Property Ombudsman scheme (TPO) is backing a national campaign to help more consumers find reputable and trusted businesses and services. Consumers are being urged to check if…
EAN Content