Breaking News
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
Dubai Property Show in London
The Dubai Property Show takes place in London between 13th and 15th May at Olympia West. Brits are reportedly now the second largest group of investors in Dubai’s property, with UK investment almost doubling in three years. Appartments account for 77% of purchases according to Sultan Al Suwaidi, Partner at Sumansa Exhibitions, which is organising…
Allen Walkey
Press Release: Rayner Personnel Franchise Expansion
With the continued growth of the Rayner Personnel group and the steady evolution of its franchising arm comes the news that Guy and Pascale Hodge are taking on the franchise for the South East of England. Both are familiar faces in the property world. Guy has been in the residential property sector for over 35…
Christopher Walkey
North East house prices fall £7000 in one month
North East house prices fall £7000 in one month Regional house prices fall 4% in four weeks – more than wiping out March’s record rise. Prices fall 6.2% in Jarrow and 6.1% in Whitley Bay. Property values remain 1% higher than April 2015 and 3% above April 2014. Average rent rises £14 to £566pcm,…
Number of Empty Homes at its Lowest
Figures released by the Government yesterday shows that the number of empty homes is now at its lowest level since records began. A Housing statistical release by The Department for Communities and Local Government on Dwelling Stock Estimates 2015 England. There were 23.5 million dwellings in England at 31 March 2015, an increase of 171,000…
Allen Walkey