Breaking News
UK Cities House price Index July
Hometrack today released the UK Cities House Price Index July 2016 headlined ’20 city house price growth starting to slow’. The report begins by stating that the annual rate of house price inflation across the 20 cities has started to slow after 12 successive months of rising house price inflation. more…. City level house price…
Allen Walkey
UK Property Transaction Count July 2016
UK Property Transactions Count July 2016 released this week by HM Revenue and Customs. The provisional seasonally adjusted UK property transaction count for July 2016 was 94,550 residential and 9,820 non-residential transactions. The seasonally adjusted estimate of the number of residential property transactions decreased by 0.9% between June 2016 and July 2016. This month’s seasonally…
Allen Walkey
Housing crisis made worse by brick shortage
The continual high demand for bricks to keep pace with the UK house building program is not being met with supply, this is exacerbating the ‘Housing Crisis’ in Britain according to the National Association of Estate Agents’ (NAEA). The report highlighted that the construction Industry needs at present 1.4 billion bricks to deal with the…
Allen Walkey
House purchase lending down in London
The Council of Mortgage Lenders (CML) published today press release headlined ‘Loans to first-time buyers up but movers down in London’. In it’s news release it begins by mentioning that in the second quarter home buyers in London borrowed £5.5bn for home-owner house purchase, down 23% quarter-on-quarter and 3% on a year ago……more Paul Smee, director…
Allen Walkey
High Street Banking Statistics
The BBA published today High Street Banking statistics, the data does not suggest that borrowing patterns have been unduly affected by the Brexit vote. Net mortgage borrowing and consumer credit annual growth are identical to the figures in June at 3% and 6% respectively. Mortgage approvals for house purchases were 19% lower in July than…
Allen Walkey
A fall in the number of House Buyers
According to the most recent National Association of Estate Agents (NAEA) monthly UK Housing Market report the ‘Number Of House Buyers Falls By A Third on Year’. In the report they mention that demand is at lowest seen since November 2013 and a third lower than July last year. Mark Hayward, Managing Director, National Association…
Allen Walkey
Client Money Protection Scheme Amendment
It is estimated that letting agents currently hold approximately £2.7 billion in client funds on behalf of renters and landlords, this can be for a for a range of reasons, including deposits, rental payments, and money for repairs. If the letting agent is not part of a Client Money Protection scheme (CMP) clients could possibly…
Allen Walkey
Persimmon plc half year results
Persimmon plc today announces half year results for the six months ended 30 June 2016. Profit before tax increased 29% to £352.3m (2015: £272.8m) Jeff Fairburn, Group Chief Executive, said: “Persimmon’s robust trading performance in the first half of 2016 was driven by our continued focus on meeting market demand to deliver controlled sustainable growth….
Allen Walkey
Countrywide Lettings Index August 2016
Countrywide Lettings Index August 2016 released Monday August 15th 2016 headlines ‘London rental growth slows’. Rents in London 0.5% lower than in July 2015. Stock surge sees the number of homes available to rent in Great Britain rise 23%. Demand from tenants increases too, with 10% more searching for a home to rent. Rents across…
Allen Walkey
Waterfords appoints new Land Director
Local award winning estate agent Waterfords, covering parts of Surrey, Hampshire and Berkshire, is delighted to announce the appointment of Tim McEvoy to the position of land director, effective immediately. With over 30 years’ industry experience, Tim will work alongside Waterfords’ other land director, Gary Brook, to develop and promote the company’s land pipeline across…
Christopher Walkey
Housing benefit paid to private landlords doubles.
A study undertaken by the National Housing Federation (NHF) reveals that private landlords hauled in £9.3bn in 2015, that is double what the level was ten years ago, they said the figure was due to a huge increase in private tenants who are receiving housing benefit. NHF chief executive David Orr said: “It is madness…
Allen Walkey
Average house prices rise by 8.7% in year to June
Facts about housing published by the Office for National Statistics (ONS) 17th August 2016. The steady rise in the cost of buying a home shows no sign of abating, as ONS figures reveal that average house prices have risen by 8.7% in the year to June 2016. The average house price as of June 2016…
Allen Walkey
LANDLORDS RESPOND TO RISING COST OF HOUSING BENEFIT
Responding to the findings from the National Housing Federation* (NHF) about the cost of housing benefit in the UK, Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said: “Housing benefit is not a subsidy to landlords; it’s a support for tenants to ensure they can pay for their housing. However, the…
Christopher Walkey
Mortgages in arrears continue to fall
A recent news report from The Council of Mortgage Lenders (CML) headlined ‘Arrears and possessions continue to fall’. The number of mortgages in arrears continued to fall in the second quarter of this year, and is now at its lowest level since records began more than 20 years ago. Data from the CML show that…
Allen Walkey
Aldermore launches changes to BTL product range
Aldermore launched yesterday two limited edition changes to its standard buy-to-let (BTL) product range. The changes are: 3.18 per cent to 70 per cent LTV (loans up to £1m) 3.25 per cent to 75 per cent LTV (loans up to £600,000) The loans are available for private individuals on purchases and remortgages, they both have…
Allen Walkey