Breaking News
Major UK Cities Experiencing Strong House Price Growth
The major cities of the UK have experienced exceptionally strong growth in residential property prices over the first quarter of this year. Across the 20 biggest cities in the country, a new report from Hometrack said, house prices grew at the fastest rate seen for twelve years. Growth across the initial three months of 2016…
Mark Burns
A more efficient house purchase system
According to an article yesterday in The MailOnline News, ministers are planning to shake up the housing market to protect the thousands of people every year who suffer the disappointment and expense of their sale falling through. The Government signalled its intentions In the Budget in March by reportedly saying, ‘We will publish a call…
Allen Walkey
Halifax releases (HPI) April
Released today the Halifax House Price Index (HPI) for April, annual house price growth eases to 9.2%. Prices in the three months to April were 9.2 % higher than in the same three months a year earlier. House prices in the latest three months (February-April) were 1.5% higher than in the preceding three months. Commenting,…
Allen Walkey
Another lender raises age limit on mortgages
Following on from the recent announcement from Halifax Bank part of Lloyds Banking Group, which increased its upper age limit for mortgages from 75 years to 80 years, the Nationwide has now announced that is raising its age limit for people paying off mortgages by 10 years to 85. This is a further endorsement of…
Allen Walkey
Implications of “Brexit on UK property market
A vote to leave the European Union “Brexit” would cause house prices to fall significantly, George Osborne has said. The Chancellor reportedly said yesterday on the ITV’s Peston on Sunday show “It’s already clear from the Treasury analysis that for example, there would a significant shock to the housing market, that would hit the value of…
Allen Walkey
Two letting agents in Southampton expelled from The Property Ombudsman scheme and from registration for lettings redress
Consumers are being warned by the UK’s largest property redress scheme about the actions of two lettings agents based in Southampton. Both agencies, trading as ‘The Flat Agency & Michael Browns Ltd’ and ‘Property Vibe Ltd’, were expelled from lettings redress membership of The Property Ombudsman (TPO) scheme for a minimum period of three years….
Christopher Walkey
Signs of the times for mortgages
Mortgage lenders have recently announced changes to their rules as to how mortgages will in the future be offered to their clients in an effort to deal with the high prices of property and changes in demographics. The Halifax bank part of Lloyds Banking Group – the largest retail bank in the UK is increasing…
Allen Walkey
NLA approved as training provider for Rent Smart Wales
The National Landlords Association (NLA) have announced that they have been approved as an official Rent Smart Wales training provider. The NLA have secured approval to provide training for both landlords and letting agents, they will be working in association with the UK Association of Letting Agents (UKALA). The scheme requires all landlords and letting…
Allen Walkey
Sales progression is not for the faint hearted!
Sales progression is definitely not for the shy and retiring types! You have to think on your feet, outside the box and be forever optimistic. There is no problem; only a hurdle to overcome, a challenge to be won! We love those challenges! That’s our job. It’s not easy, but it’s certainly not dull! This…
Alex Evans
French Property enquiries increase.
The clock is ticking for the EU Referendum in June, when the decision is finally known and if it is a “Remain Vote” it will probably give the green light to “Brits” interested in purchasing a property in France. According to French property luxury home property specialist, Home Hunts. inquiries are up by 60% in…
Allen Walkey
New Tenancy rents continue to rise.
The HomeLet Rental Index figures released yesterday show that rents agreed on new tenancies across the UK over the three months to the end of April have continued to grow at remarkably consistent rate. They state: Rents rise in all but one regions of the UK over three months to April, despite concerns about impact…
Allen Walkey
Housing Bill amendments rejected by Government.
The government yesterday rejected all of the 13 amendments the Lords put to the Housing Bill. This bill is the first piece of legislation that comes under English votes for English laws reform, that means that SNP MPs are not able to vote on it, securing a strong majority of the Tories in the Commons….
Allen Walkey
Bank of Mum and Dad
Legal & General, the FTSE100 financial services group and Cebr, the economics consultancy, yesterday published a new report into the role the Bank of Mum and Dad play in helping their children get on, or move up the property ladder. The research shows the Bank of Mum and Dad will lend over £5 billion, providing…
Allen Walkey
Property Transactions likely to slowdown.
The outlook for the UK property market according to certain analysts is looking somewhat unpredictable at present, mainly due to the uncertainty surrounding the EU referendum vote set for 23rd June. Most recent polls give the “Remain” a lead over the “Leave”, however it is close and with a fair number of undecided voters it…
Allen Walkey
The Race for London Mayor
The 2016 London Mayoral election will be held on 5th May to elect the new Mayor of London, the London assembly election will take place on the same day. The are twelve candidates presently contesting to become London mayor and succeed Boris Johnson, the two candidates at the head of the contest according to the…
Allen Walkey