Breaking News
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
Estate Agents warned over ‘Portal juggling’
A recent article on the nationaltradingstandards.uk website headlines Estate Agents warned over ‘portal juggling’ It leads… Illegal practice that misleads homebuyers on property websites in the spotlight”. Estate agents who deliberately mislead potential homebuyers through the practice known as ‘portal juggling’ are being warned that they could be prosecuted and face a ban from working…
Allen Walkey
UK House Price Index (HPI) for June 2016
The UK House Price Index (HPI) for June 2016 from the Land Registry. The UK House Price Index shows house price changes for England, Scotland, Wales and Northern Ireland. The June data shows an annual price increase of 8.7% which takes the average property value in the UK to £213,927. Monthly house prices rose by…
Allen Walkey
NLA BACKS SELECT COMMITTEE REPORT ON HOMELESSNESS
Commenting on calls for a renewed strategy for tackling homelessness by the Communities and Local Government (CLG) Select Committee, Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said: “The NLA welcomes the CLG Committee findings, and its recognition that private landlords play a crucial role in preventing homelessness. “We are delighted that…
Christopher Walkey
Fitch ratings report UK Property Sector……
Fitch Ratings report-London-16 August 2016 headlines ‘UK Property Sector May Face Long-Term Brexit Pressure’ The UK vote to leave the EU could translate into longer-term negative sentiment for the UK property sector, but is unlikely to directly lead to near-term rating downgrades, Fitch Ratings says. Uncertainty over the form and timing of Brexit will weigh…
Allen Walkey
UK House Price Index England June 2016
UK House Price Index England June 2016 from the Land Registry published yesterday 16th August. Headline Statistics: The average price of a property in England was £229,383 The annual price change of a property in England was 9.3% The monthly price change of a property in England was 0.8% The index figure for England was…
Allen Walkey
Shortage of family housing for rent.
A recent news report by Belvoir Lettings posted on their website headlines ‘Stats reveal family housing in short supply’. According to their Q2 rental index it revealed that almost 75% of the Belvoir Network reported a shortage of family housing for the rental market. The survey of Belvoir franchise owners showed a lack of 3-bed…
Allen Walkey
Bovis Homes Group Plc half year results
Bovis Homes Group PLC yesterday announced its half year results for the six months ended 30 June 2016. Commenting on the results, David Ritchie, Chief Executive of Bovis Homes Group PLC said: “We have delivered a record number of homes in the first half of 2016 which has driven strong profit growth, improved returns and…
Allen Walkey
Rightmove (HPI) August
The Rightmove House Price (HPI) August released today headlines ‘2016 shapes up as a year of two halves’. Miles Shipside, Rightmove director and housing market analyst comments: “Many prospective buyers take a summer break from home-hunting, and those who come to market at this quieter time of year tend to price more aggressively. This summer…
Allen Walkey
Brexit continues to weigh on Construction
The National Housing Federation (NHF) warned only last month about the impact a vote for Brexit would have on the Construction Industry , they now highlight the new figures released by Reuters, the Royal Institute of Chartered Surveyors and the Office for National Statistics which substantiate those warnings. In a news release from (NHF) late…
Allen Walkey
Property price cuts the highest in London
Home.co.uk released today 12th August their monthly Asking Price Index headlined ‘Average Prices Weighed Down by Steep Falls in London’. Topping the headlines is: Home prices in London continue to fall steeply, down a further 1.2% in just one month. Property marketing times are rising across most parts of the country. Low confidence among sellers…
Allen Walkey