Breaking News
April 2016 Transaction Data
Transaction data April 2016 released by the Land Registry published yesterday. Land Registry completed 1,567,627 applications. The South East topped the table of regional applications with 360,066. Birmingham topped the table of local authority applications by area with 24,189 The Transaction Data shows Land Registry completed more than 1,567,620 applications from its customers in April….
Allen Walkey
Record rent rises across some regions.
According to data released today rents are now rising at the fastest rate for six months, reaching an average of £793 across England & Wales. New all-time records for three separate regions – led by the East Midlands with 8.5% annual rent rises. Landlords see total annual returns (before costs) of 10.7% in year…
Allen Walkey
BATH LANDLORDS OFFERED SPECIALIST ADVICE ON CUTTING COSTS
The National Landlords Association (NLA) invites landlords in Bath and the surrounding areas to a forum on Wednesday afternoon, 1 June, to hear from property experts about the best ways to save on costs. OneE Group will offer advice around tax compliance and provide an important update on the recent changes to taxation of buy-to-let…
Christopher Walkey
ABANDONED PROPERTIES A PROBLEM FOR THIRD OF LANDLORDS
More than a third (36 per cent) of landlords in the UK have had property abandoned by tenants before, according to new figures from the largest landlord association. Abandonment occurs when a tenant moves out of a property before the tenancy has ended, without informing their landlord. The issue can be costly as it often…
Christopher Walkey
NEW TOOL TO HELP LANDLORDS PROTECT TENANTS FROM RISK OF FIRE
The National Landlords Association (NLA) has launched a new version of their Fire Safety Logbook which has been endorsed by the Chief Fire Officers Association (CFOA). The Fire Safety Logbook aims to help landlords in England and Wales keep a record of their fire safety precautions in one easy-to-use document. The new logbook includes updated…
Christopher Walkey
Zoopla leads in Brand Awareness
According to a recent Zoopla news release, recent research conducted by Harris Interactive revealed that following Zoopla’s latest marketing campaign it has now achieved a record level of national brand awareness. On prompted brand awareness, where consumers are asked if they recognise certain brands, Zoopla has now taken the top spot amongst UK property portals…
Allen Walkey
18% drop in house prices on “Brexit” says George Osborne
The latest prediction by George Osborne that house prices will drop by 18% over 2 years if the UK votes to leave the EU is another attempt to dissuade the “Brexit” supporters, it may have had some credibility if he had not been so precise with the figure, why not 10% or 25%, how does…
Allen Walkey
Positive UK Housing Market
Housebuilding is an industry which at present continues to do well with various housebuilders reporting excellent results, the governments ‘help-to-buy’ scheme is a major contributing factor to this. We have a situation at present where we have strong competion between mortgage lenders and mortgage rates are at all time lows, indications are that this will…
Allen Walkey
April Gross Mortgage Lending less than March.
Press release published yesterday by The Council of Mortgage Lenders (CML) headlines “Gross mortgage lending grows 16% year-on-year”. The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.5 billion in April. This is 29% lower than March’s lending total of £26.2 billion, but 16% higher than the £16 billion lent in April last…
Allen Walkey
London Mayor getting to grips with Housing Crisis
New London Mayor Sadiq Khan has wasted no time since taking office, he immediately requested an urgent audit of City Hall’s readiness to tackle the housing crisis, the audit revealed what the London Mayor called the “massive scale” of the challenge ahead. The previous Mayor Boris Johnson came in for critiscm from Sadiq Khan for…
Allen Walkey
Funding for Goodlord Cloud Based Rental Platform
Goodlord, a rental platform founded two years ago and based in London has just raised £2m in seed funding, it’s purpose is to bring together tenants, landlords and letting agents through the cloud. The rental platform initially founded 2 years ago drew support in the funding from Robin and Saul Klein’s LocalGlobe Capital and Global…
Allen Walkey
New High for Tenant Evictions
According to a most recent blog from Central Housing Group “tenant evictions reach highest level on record” The number of tenants evicted from their homes by bailiffs reached a record high in 2015, according to official figures for England and Wales showing that 42,728 households in rented accommodation were forcibly removed. Housing campaigners blamed welfare…
Allen Walkey
Prime Algarve Property.
The southern region of Portugal, The Algarve which is one of Europe’s most popular tourist regions, it boasts some of the best beaches in the world, and its attraction is just as strong as Spain with its Mediterranean climate. The Prime Algarve is part of a network of internationally invested destinations, it attracts lifestyle buyers…
Allen Walkey
(CA) announces opposition to Land Registry Privatisation
The Conveyancing Association (CA), the leading trade body for the conveyancing industry, yesterday announced its opposition to the Government’s proposals to move the Land Registry to the private sector. After a full and frank discussion at its 28th April Management Committee Meeting (MCM) on the proposals from the Department for Business Innovation and Skills (BIS),…
Allen Walkey
FCA Responsible Lending Review
In their recent press release Finanacial Conduct Authority (FCA) reviews find mortgage firms lending responsibly but scope for improvement on competition. Firms have positively applied the responsible lending requirements, which came into force as part of the Mortgage Market Review (MMR); however, there is scope for improving consumers’ ability to make better choices about mortgage…
Allen Walkey