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RLA is asking the Welsh Assembly members to amend tax plans
The RLA is asking the Welsh Assembly members to amend tax plans that could make it harder for vulnerable people to rent a home, RLA Cymru is warning that any threat to the supply of homes to rent will make it more difficult for families and the homeless to access rented housing, at a time…
Allen Walkey
Enness partners with specialist to assist clients in releasing profits from SPVs
Challenges to extracting profits from Property Special Purpose Vehicles (SPV) A Special Purpose Vehicle (SPV) is a company set up to capture value from property transactions and developments. Property developers and investors typically use SPVs to contain and manage risks associated with their developments, each of which will have different investor profiles. A typical route…
Enness Private
Building material price increases due to depreciation of sterling.
Research out on Monday this week from the Federation of Master Builders (FMB) State of Trade Survey showed 70% of smaller building firms reported building material price increases. The FMB stated the rising prices have come about due to the depreciation of sterling as around a quarter of materials used by the UK construction industry…
Allen Walkey
ARLA responds to Scottish Government’s proposals
In a news report published yesterday 9th January on their website The Association of Residential Landlords (ARLA) responds to Scottish Government’s proposals on new private residential tenancy. ARLA has responded to the Scottish Government’s consultation on the proposals for regulations and policy supporting the Private Housing (Tenancies) (Scotland) Act 2016, arguing that the forms and…
Allen Walkey
TPO creates new Deputy Ombudsman role and complaint teams
The Property Ombudsman (TPO) has created a Deputy Ombudsman role and reorganised the way it reviews complaints to ensure agents and consumers receive an improved service and faster outcomes through new dedicated teams and technology. TPO, which helps more than 16,000 consumers every year, has appointed Jane Erskine to the role of Deputy Ombudsman. Having…
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House prices finished 2016 strongly says Halifax
Halifax today released their House Price Index (HPI) report for December 2016 headlined ‘Annual house price growth rises to 6.5%’ They state: House prices in the three months to December 2016 were 2.5% higher than in the three months to September 2016. Martin Ellis, Halifax housing economist, said: “House prices finished 2016 strongly. Prices in…
Allen Walkey
CML welcomes announcement on funding for affordable housing
The Council of Mortgage Lenders (CML) last week welcomed the announcement by the Communities Secretary Sajid Javid on funding for affordable housing, and the government’s commitment to widen the tenure choices for people who cannot afford to buy a home outright. Commenting on today’s announcement, CML director general Paul Smee said: “Today’s announcement can deliver the tenure flexibility that…
Allen Walkey
Hamilton Fraser to roll out property podcasts throughout 2017
Hamilton Fraser, parent company to mydeposits, the Property Redress Scheme, Client Money Protect and Total Landlord Insurance, has launched a series of property podcasts with Brand Ambassador, Paul Shamplina, and Managing Director, Eddie Hooker, covering key topics in the private rented sector. The audio podcasts are released every month and cover the latest landlord, tenant…
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Migration Watch report “misfires on all cylinders”, says Property Personnel
The Managing Director of the UK’s oldest estate agent recruitment consultancy has slammed a recent report which claims a cap on skilled migrants does not hamper the ability of British businesses to recruit. The report by Migration Watch, which campaigns for lower immigration, accuses British businesses of crying wolf over the impact of a cap…
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Persimmon announces ‘sales up’ in their trading update
Persimmon plc yesterday announced an update ahead of their Final Results for the year ended 31 December 2016, which will be released on 27 February 2017. Read the Persimmon PLC trading update in full click here. Persimmon the York-based housebuilding giant saw its year-on-year sales rise 15 per cent in the last six months of…
Allen Walkey
Savills anticipate no price growth over the next 2 years for prime London
News release published yesterday 5th January from Savills headlined ‘Realistic pricing delivers a boost to prime London Sales volumes’. Savills the International Real Estate Adviser stated, higher taxes and political and economic uncertainty continued to suppress prime London residential values throughout 2016, but as prices became more aligned with buyer expectations of value so the…
Allen Walkey
NHF repsonds to new £7bn fund for affordable homes
In a press release yesterday, David Orr, Chief Executive at the National Housing Federation (NHF) responded to the announcement made by the DCLG of the £7bn fund for affordable homes by saying: “We are delighted to start the new year on such a strong footing with such a clear show of faith from the Government…
Allen Walkey
Private renters would like their tenancy to be longer
Recent news release 3rd Jan: from Citizens Advice reveals 2 in 5 people living with their children in privately rented homes have a tenancy of 6 months or less. Analysis by the national charity finds 1 in 3 private renters would like their tenancy to be longer, rising to 2 in 5 amongst those with…
Allen Walkey
Positive end to the year signalled by UK Construction companies
‘New order growth hits 11-month high in December’ is the headline of the most recent Markit/CIPS UK Construction PMI published yesterday 4th January. UK construction companies signalled a positive end to the year, led by the fastest rise in new order volumes since January 2016. At 54.2 in December, up from 52.8 in November, the…
Allen Walkey
Aston Mead welcomes New Year housing initiatives
Leading land agent Aston Mead has welcomed two government initiatives launched this week, which will create tens of thousands of new homes across the country. The company was responding to plans for 14 new villages and 3 ‘garden’ towns in England announced on Monday, as well as details for thousands of new discounted starter homes…
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