Breaking News
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
Rightmove House Price Index (May)
The latest Rightmove House Price Index report headlines buy-to-let feast leaves higher prices for first time buyers. Modest May rise of 0.4% (+£1,118) in price of property coming to market in the last month masks nasty spring surprise for first-time buyers. An 80% uplift in March transaction numbers has left behind a property drought and…
Allen Walkey
Housing and Planning Bill becomes Law
News story released on the GOV.UK website from Department for Communities and Local Government and Brandon Lewis MP, headlines Landmark Housing and Planning Bill receives Royal Assent. New measures to help more people buy their own home and get houses built faster became law last Friday 13th May. The Act sets out a clear determination…
Allen Walkey
Heavyweights join in the EU debate.
Two heavyweights in the world of finance joined in the debate over the EU Referendum last week, Christine Lagarde (IMF) and Mark Carney (BoE) both appeared to add their support for the “Remain” in Europe campaign by speculating on the negative effects that would be felt by the UK population in the event they voted…
Allen Walkey
Bank of England cuts growth forecast
The governor of the Bank of England Mark Carney yesterday delivered his monthly inflation report, he included the warnings about the economic risks if Britain votes to leave the European Union, this was jumped on immediately after by former Chancellor Norman Lamont who challenged his comments. The central bank reportedly downgraded its forecasts for growth…
Allen Walkey
Build more homes on small sites
Press release from the Department of Communities and Local Government and Brandon Lewis MP headlines ‘Judgement paves way to build more homes on small sites’. Housing and Planning Minister Brandon Lewis hailed a judgment that paves the way for more housebuilding on smaller sites and that will get homes built more easily. The Court of…
Allen Walkey
Ambition to deliver 1 million homes by 2020
Housebuilding Industry and Government announce shared ambition to increase housing output. The Home Builders Federation (HBF), on behalf of its larger members, share the Government’s ambition to deliver ONE MILLION HOMES by 2020. HBF and its members recognise that delivering 1 million homes requires significant further action from the house building sector and that there…
Allen Walkey
Drop in demand from Buyers according to RICS
RICS reported in their most recent UK Residential Market Survey, that house prices will continue to move higher, despite the big drop in demand, as fewer sellers were putting their property on the market and that there was a long-term shortage of housing. The sharpest fall in demand in April came in London which is…
Allen Walkey
Former Student Launch Student Accommodation Portal – FreshRent
Former students launch student only lettings portal Former University of Lincoln students are due to launch a student only lettings portal on 1st June 2016, known as FreshRent.co.uk New Agents whom sign up in May have an exclusive offer of a FREE, no obligation 18 month trial of the portal. Should you wish to avail…
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