Breaking News
Gavin Barwell MP appointed Housing and Planning Minister
Theresa May has appointed Croydon MP Gavin Barwell as new Minister of State for Housing & Planning and Minister for London as part of the government reshuffle, he replaces Brandon Lewis who has served as housing minister since July 2014. Mr Barwell will be working with Sadiq Khan the recently elected Mayor of London and…
Allen Walkey
ALEP celebrates 200th member milestone
The Association of Leasehold Enfranchisement Practitioners (ALEP) is proud to announce Leasehold Assist has joined as its 200th member. Leasehold Assist is a firm of Chartered Surveyors specialising in the valuation and negotiation of residential lease extensions and freehold purchases throughout England and Wales. Created in 2007 by Alex Greenslade and Anna Bailey of Leasehold…
Christopher Walkey
NLA LAUNCHES TENANCY MANAGEMENT SOFTWARE
The National Landlords Association (NLA) has launched its newest service, Landlord Vision, which uses cloud-based software to help landlords manage almost every aspect of their tenancies. The service aims to help landlords by putting all tenancy management activities in one place through a cloud-based solution, thus eliminating the need to rely upon spreadsheets and disparate…
Christopher Walkey
Rightmove HPI July
Rightmove House Price Index published today for July headlines ‘Housing Market steady post Referendum’ The average asking price of property coming to the market in England and Wales has fallen since Mid June according to Rightmove. Price of property coming to market falls 0.9% (-£2,647) this month, within usual expectations for the run-up to the…
Allen Walkey
International money launderers exploit UK property market.
Recent news articles are reporting that the UK property market is being exploited by international money launderers, Chairman of The Home Affairs Select Committee Keith Vaz reportedly said that £100bn was being laundered through the country every year. He further reportedly said “London is a centre for money laundering, and its standing as a global…
Allen Walkey
Pound recovers however still uncertainty.
The pound sterling rate against the dollar had its best week since 2009, this came about after the appointment of Theresa May as Prime Minister, this helped settle everyones concerns at having no real leadership in the country, it returned a sense of political stability in the UK. Another factor was that last Thursday the…
Allen Walkey
NLA ANNOUNCES NEW BOARD MEMBERS
The National Landlords Association (NLA) has announced that three new Non-Executive Directors will join its Board. Adrian Jeakings, Steve Simpson and Dietmar Walter were officially appointed on 22nd June 2016 and will take office with effect from 1st September 2016. The role of the NLA Board is to develop strategies that ensure that the NLA…
Christopher Walkey
RICS Residential market Survey June
The RICS UK Residential Market Survey for June 2016 released yesterday headlined Post-referendum uncertainty hits sentiment. It stated: Buyer enquiries fall for third consecutive month ….. Agreed sales fall sharply with activity expected to remain subdued in the coming months …… medium term price expectations slip, but remain positive, with rent expectations still firm. In…
Allen Walkey
Bank of England keeps interest rates on hold
The Bank of England (BoE) yesterday announced that the interest rate was to remain at 0.5%, they voted by a majority of 8-1 to maintain the present Base Rate. This was the the first meeting of the Bank of England’s Monetary Policy Committee (MPC) following the UK’s momentous Brexit decision, it was also the first…
Allen Walkey
Homes prices drop after Brexit
The home.co.uk Asking Price Index released this week headlines ‘Brexit ends 19-month House Price Rally’ Top of the headlines list was. Britain’s post-crisis success story ends in fear as home prices drop after Brexit. Brexit woes pop the London bubble as prices slide 1.1% in just one month. Prices fell in four English regions and…
Allen Walkey
Another year of strong performance
Barratt Developments PLC yesterday issued a trading update headlined ‘Another year of strong performance’ for the year ended 30 June 2016 ahead of its annual results announcement on Wednesday 7 September 2016. To see the update in full click here Commenting on the results David Thomas, Chief Executive said: “We have delivered another strong performance…
Allen Walkey
Boris Johnson appointed to Foreign Secretary
Theresa May is now officially Prime Minister of the UK following formal appointment by the Queen late afternoon yesterday, she wasted no time in making some senior cabinet appointments. Boris Johnson appointed Foreign Secretary, David Davis appointed Brexit Secretary and Liam Fox to head a new department for international trade, these three appointments were all in…
Allen Walkey
Interest rate cut expected
According to most recent press reports the majority of experts expect an interest rate cut today following the meeting by the Bank of England (BoE) policy committee. It is also expected that the (BoE) may also restart quantitative easing, in addition to or instead of a rate cut. An interest rate cut of 0.25% would…
Allen Walkey
house purchase lending up 8% yr on yr in May
The Council of Mortgage Lenders (CML) in a press release published today on their website states ‘May house purchase lending 8% up on a year ago’. In May (In Brief) according to CML, Home-owners borrowed £9.4bn for house purchase, First-time buyers borrowed £4.3bn, Home movers borrowed £5.1bn, Remortgage activity totalled £5.2bn and Landlords borrowed £2.6bn. Paul…
Allen Walkey
Connells Survey & Valuation Update June
Connells Survey & Valuation Update released yesterday headlines June housing market growth sets foundations for post-Brexit property market. It states: The pace of property valuations conducted in June 2016 has grown on both an annual basis and since May, according to the latest research from Connells Survey and Valuation. Covering the month of the EU…
Allen Walkey