Breaking News
Buy-to-let insurance claims soar in wake of Storm Angus
Buy-to-let specialist insurer Simple Landlords has reported a surge in calls from landlords whose investment properties were damaged by Storm Angus. Angus, the first named storm of the season, hit the UK last Sunday with winds up to 97mph recorded across southern England. Simple Landlords received 40% more claims on the Monday and Tuesday following…
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Increase in number of housing starts
Housing starts on site and housing completions delivered by the Homes and Communities Agency in England, part of Housing Statistics published yesterday. In the period 1 April to 30 September 2016 (the first half of 2016-17): A total of 14,007 homes started on site, representing an increase of 2,657 or 23 per cent compared to…
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Another very successful year for ZPG
Zoopla Property Group Plc today announces its full year results for the twelve months ended 30 September 2016. The announcement headlined ‘ZPG DELIVERS RECORD REVENUES AND PROFITS’ Commenting on today’s announcement Alex Chesterman, Founder & CEO of ZPG said: “The Group has had another very successful year and we are stronger and more diversified than…
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Mortgage approvals ticked up a little in October
The BBA last week published a news report in the BBA Voice sectionÿ headlined ‘Confident consumers key to post-referendum economic performance High Street Banking Statistics, October 2016’ In a section of the news report it interestingly states:ÿ Mortgage approvals ticked up a little in October.ÿ There has, however, only been a relatively modest increase in…
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Increased funding for Rough sleeping fund
Crisis is the national charity for homeless people. They are dedicated to ending homelessness by delivering life-changing services and campaigning for change. As part of the Autumn statement the Chancellor announced a further 10 million funding over two years to the Rough Sleeping Fund. Jon Sparkes, Chief Executive of Crisis, said: _We welcome the Government_s…
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Paragon Group report strong results in a transitional year
The Paragon Group of Companies PLC the specialist lender and banking group last week announced its full year results for the year ended 30 September 2016. Commenting on the results, Nigel Terrington, Chief Executive of Paragon, said: “I am pleased to report a strong set of results in which we significantly increased revenue, strengthened net…
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Highest level of sales on record to first-time buyers says NAEA
Press release today from the National Association of Estate Agents (NAEA) headlines ‘Sales to first time buyers at highest level on record’.ÿ Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) comments on the findings: _This month_s report paints a positive picture for the UK housing market. Our findings over the last few months…
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Belvoir Post Brexit Rental Index
Belvoir recently released it’s 3rd Qtr Post-Brext Rental Index. The Rental Index released on the 22nd November offers a view of the rental market from their 170+ strong network, covering all corners of the UK. Chief Operating Officer, Dorian Gonsalves said _This is Belvoir_s first post-Brexit rental index and the results, together with a survey…
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Countrywide report good progress despite tough market conditions
Countrywide PLc released their trading update yesterday 24th November headlined ‘Good strategic progress in a challenging market’. Commenting on the Group’s performance, Alison Platt, CEO said: “We have made good progress this year despite tough market conditions since the EU referendum, particularly pleasing is our growth in market share in both Sales and Lettings based…
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Hometrack report house price to earnings ratio breaks 14x.
Hometrack today released UK Cities House Price Index October 2016 headlined ‘London breaks 14x house price to earnings ratio’ In the report they state: City level house price growth holding steady at 8.4%. An 86% uplift in house prices since 2009 has pushed the price to earnings ratio in London over 14x, more than double…
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HAMMOND’S RENTAL BOOMERANG: INDUSTRY BODIES RESPOND TO BAN ON LETTING AGENT FEES
Commenting on the Autumn Statement, Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said: _The new Chancellor is clearly aware of the pressures facing those living in the private-rented sector, but in attempting to improve affordability he has shown that, like his predecessor, he lacks an understanding of how the whole sector…
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Property Personnel slams Chancellor for not slashing stamp duty
The Managing Director of the UK_s longest-established estate agent recruitment consultancy has slammed the Chancellor for failing to reduce stamp duty in today_s Autumn Statement. Property Personnel Managing Director Anthony Hesse said: _Slashing the rate of stamp duty would have been Philip Hammond_s single most effective fix for UK finances. There is no more economically…
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Housing announcements in the Autumn Statement
The Chancellorÿ announced yesterdayÿ in the Autumn Satement a new 2.3 billion Housing Infrastructure Fund to deliver up to 100,000 new homes in areas of high demand and a further 1.4 billion to build 40,000 additional affordable homes, also another 1.7 billion by 2020-21 will be used to speed up the construction of new homes…
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Autumn Budget Statement – What’s in it for Housing?
Later today the Chancellor Philip Hammond will deliver his Autumn Budget Statement to the House of Commons, it will be the first for the new Chancellor and Prime Minister Theresa May. Some experts are expecting a possible cut in stamp duty on house purchase to help regenerate the housing market which appears to have slowed…
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Rent Smart Wales – enforcement powers are now active
Since 23 November 2015, all landlords operating in Wales were required to become registered. ÿ Landlords had a year to comply with this new obligation, thisÿ requirement comes from Part 1 of the Housing (Wales) Act 2014. The legislation made provision for those who needed to comply to do so within a year, without fear…
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