Breaking News
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
A worthwhile read on Shelter Policy Blog
A really interesting article recently written by Pete Jeffreys in the Shelter Policy Blog section, headlined Will Brexit hit house building? The article leads….’Nobody yet knows whether the decision to leave the EU will lead to an immediate downturn in the housing market. But you don’t have to look hard to see signs’. It gives…
Allen Walkey
Leaders expansion plans continue
Estate agents Leaders added eight new branches to its national network in the last month according to a news update on their website yesterday. The company completed three acquisitions (Watson Mitchell, Hollier Browne and Allen Estates) in different parts of the country between 8th June and 6th July, bringing its total number of branches to…
Allen Walkey
Rents continue to rise across UK in June
Homelet, one of the leading sources of support for the UK’s vibrant private rented sector, today released their Rental Index with the headlines ‘Rents across the UK continued to rise in June’. They stated: Rents continue to rise over three months to June 2016, though at a slower pace in line with the trend over…
Allen Walkey
Theresa May confirmed as New Prime Minister
Prime Minister David Cameron will hand in his resignation on Wednesday and Theresa May will take over and become Britains second female Prime Minister since Margaret Thatcher. The way became clear for May after Andrea Leadsom quit the Conservative Party leadership contest yesterday morning. Theresa May’s appointment as Prime Minister boosted the markets by ending…
Allen Walkey
One of the first indicators on house prices after ‘Brexit”
All eyes this week will be on the figures out from The Royal Institution of Chartered Surveyors (RICS), they will be one of the first indicators as to the direction of house prices following Britain’s decision to leave the EU. The Royal Institution of Chartered Surveyors will release details this Thursday as to whether its…
Allen Walkey
Response by (BBA) to (BoE) financial stability report.
Last week the British Banking Association (BBA) responded to The Bank of Englands (BoE) financial stability report, commenting on the reduction of the countercylical capital buffer, the BBA’s Chief Executive Anthony Browne said: “This will boost confidence in the British economy at this time of uncertainty, by enabling banks to lend more to businesses and households….
Allen Walkey
Inquiry into capacity of housebuilding industry
The Communities and Local Government Committee has launched an inquiry into the capacity of the housebuilding industry to meet demand for new homes. The Committee is expected to invite the chief executives of major developers to give evidence. Other areas to be covered by the inquiry include the role of small and medium-sized developers, the skills,…
Allen Walkey
Now’s the right time to show some Brexit bottle
On the day after the EU referendum vote I jetted off with the family to Greece. I just fancied somewhere hot and politically stable. For two weeks I avoided social media like a room full of Russian football fans, swerved the newsstands and switched off totally. Proper jelly head. I’m now back and having scanned…
Alex Evans
A Woman Prime Minister is now certain.
One thing is now certain and that is Britain will have a female Prime Minister again occupying No.10 Downing Street, the last and only one previoulsy to do so was Margaret Thatcher, she became leader of the conservative party in opposition in 1975, going on to become Prime Minister by winning the General election in…
Allen Walkey
Barclays fixed mortgage rate cuts from today
Contrary to predictions by George Osborne pre the EU referendum vote that borrowing costs would rise if we voted to leave the EU, rates are actually now falling after the vote to “Brexit”. Barclays is cutting mortgage rates from today across its two, three, five and 10-year fixed, low LTV range. Two-year fixed at 1.35%,…
Allen Walkey