Breaking News
Paragon Offer New BTL deals for Professsional landlords
Paragon Mortgages updates its buy-to-let (BTL) product range for professional landlords, unveiling an additional six new products. Paragon now offer new two year fixed rate products starting at 3.40% with a 1.50% product fee at 65% LTV for single self-contained units. There is also a two year fix at 3.75% with a 1.50% product fee…
Allen Walkey
Hunters Trading update
Hunters, one of the UK’s largest national sales and lettings estate agency and franchise businesses, yesterday released the following trading update. The start of 2016 has exceeded the Board’s expectations with the Group having performed well across all divisions. The excellent pace of roll-out has continued with the Group opening 10 new branches in the…
Allen Walkey
Nationwide House Price Index May
The Nationwide house price Index for May released today headlines “Pace of House Price Growth broadly stable in May”. House prices increased by 0.2% in May, the same as the previous month. Annual house price growth slows to 4.7% from 4.9% in April. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist said: “UK house…
Allen Walkey
Land registry April Price Paid Data
Land Registry April 2016 Price Data released yesterday for Land and Property in England and Wales. This month’s Price Paid Data includes details of over 112,500 land and property sales in England and Wales lodged for registration in April 2016. Of the 112,546 sales lodged for registration: Almost 80,000 were freehold, around 7,000 were newly…
Allen Walkey
Older Brits still favour Iberian countries for retirement.
Iberian countries are still among the top destinations for retired or retiring Brits, this being due to rising equity which means property buyers have more money to spend say the experts. If the referendum vote turns out that the UK remains in the EU then it can be expected that there will be an increase…
Allen Walkey
Lack of affordability creating multigenerational households
According to Aviva’s recent inaugural ‘Home’ report focusing on the changing face of UK households, multigenerational households could be set to grow in popularity as property costs continue to rise. Newly released research from Aviva reveals the number of 21-34s living with parents increased by 32% that is more than half a million people since…
Allen Walkey
Property in London as unaffordable as ever.
eMoov.co.uk the leading fixed fee estate agent, recentley released its latest research into the London property market, they found less than half of the houses up for sale were priced at the average £550,000 or less. The Capital is now as unaffordable as ever for aspiring homeowners, the average house price exceeds the half a…
Allen Walkey
House prices may have reached their peak
Property prices in the UK may have peaked is the stark warning in a report out this week. Paul Smith chief executive of Haart, reportedly gave out the warning this week of a big slump in demand from buyers and that the prices of houses have now peaked, reportedly saying “We are starting to see…
Allen Walkey
1000 new built for rent homes for London
Recent press release from the Department for Communities and Local Government, Homes and Communities Agency and Brandon Lewis MP headlined ‘Boost to London Housing from 1000 homes Built to Rent’. Two multi-million pound deals that will see over 1,000 new homes built in the capital specifically for private rent have been welcomed by Housing Minister…
Allen Walkey
Mortgage lending growth falls back in April
British Bankers Association (BBA) today releases April 2016 figures for the high street banks. Gross mortgage borrowing of £12bn in the month was 12% higher than in April 2015. As expected, this was a slower month, following the inflated lending activity associated with borrowers completing purchases ahead of the stamp duty increase. Net mortgage borrowing is running…
Allen Walkey
London house purchase and remortgage lending up in Q1
Press release yesterday from the Council of Mortgage Lenders (CML) headlined London house purchase and remortgage lending up year-on-year in first quarter (Q1) of 2016. Home buyers in London borrowed £7.1bn for house purchase in the first quarter of 2016, up 6% quarter-on-quarter and 41% on a year ago. They took out 21,400 loans, down 2%…
Allen Walkey
Paragon Group half year results.
The Paragon Group of Companies PLC announced yesterday its half year results for the six months ended 31 March 2016. Commenting on the results, Nigel Terrington, Chief Executive of Paragon, said: “This has been another outstanding performance from Paragon, with strong profit growth complemented by significant progress in our lending activity and further development in…
Allen Walkey
BOE governor defends stance on EU referendum debate
At a parliamentary select committee meeting yesterday The Bank of England governor Mark Carney strongly defended his stance on the EU referendum debate, he made no apologises for his comments on the “dangers of a recession” if Britain leaves the EU, he insisted that the BoE’s views were independent and a collective judgment of the…
Allen Walkey
Nationwide post pre-tax profits of £1.3bn.
Nationwide building society has reported a 23% rise in full-year pre-tax profits to £1.3bn. 2016 Annual Results Financial highlights 9% increase in underlying profit to £1,337 million 23% increase in statutory profit to £1,279 million Net lending of £9.1 billion (2015: £7.1 billion) a market share of 21.4% (2015: 31.2%) Nationwide chairman David Roberts said:…
Allen Walkey
Aston Mead hits back at ‘planning pessimists’
Leading land agent Aston Mead has hit back at those who have doubted the ability of the UK to build a million new homes by 2020. The pledge is at the heart of the government’s landmark Housing & Planning Bill, which received Royal Assent earlier this month. However, a recent survey of owners and directors…
Christopher Walkey