Breaking News
Vital to adopt a more joined up approach to delivering advice to older borrowers
New research undertaken for the Council of Mortgage Lenders (CML) in conjunction with the Building Societies Association (BSA) says that it is vital to adopt a more joined up approach to delivering advice to older borrowers, and to narrow the gap between mainstream lifetime mortgage advice silos. June Deasy, head of policy, CML said: “Older…
Allen Walkey
Gross mortgage borrowing totalled £13.3 billion in May according to BBA
The BBA’s latest data from the high street banks for May 2017 released today shows gross mortgage borrowing in May totalled £13.3bn much in line with recent months and 9% higher than a year before.. Net mortgage borrowing was 2.4% higher than a year ago. House purchase approval numbers in May of 40,347 were 3.3%…
Allen Walkey
Aldermore reaffirms support and commitment and launches new website.
Aldermore, the specialist bank, has reaffirmed its support and commitment to the intermediary market with the launch of its new service promise to ensure that brokers continue to receive exceptional support, also as part of Aldermore’s ongoing commitment to the intermediary market, the Bank has also launched a new website. The new website allows brokers…
Allen Walkey
Hometrack believes there is potential for material upside for city house prices outside southern England.
The UK Cities House Price Index – May 2017 released today by Hometrack. Annual rate of growth UK increases to 4.7%. UK city house price growth is 5.1% per annum, down from 8.8% in May 2016. Half of cities have faster growth than a year ago. While the annual rate of growth is at 5.1%…
Allen Walkey
Gross mortgage lending reached £20.1 billion in May estimates the CML
In a press release yesterday 22nd June: The Council of Mortgage Lenders (CML) estimates that gross mortgage lending reached £20.1 billion in May. This is a 12% increase on both April last month and on May last year, in which £17.9 billion was advanced. The CML’s buy-to-let forecast for 2017 and 2018 has been revised…
Allen Walkey
The Property Ombudsman (TPO) launches its annual report at House of Lords event
Today (3.30pm), at the House of Lords, The Property Ombudsman (TPO) launches its latest annual report, which reveals an increase in the number of formal complaints resolved by the scheme and a record total of compensatory awards paid by agents. Property Ombudsman, Katrine Sporle, will announce that the overall number of awards TPO instructed agents…
EAN Content
Hamilton Fraser acquires Landlord Action
HF Resolution Ltd, a subsidiary of Hamilton Fraser, has acquired one of the industry’s leading tenant eviction solicitor firms, Landlord Action Limited. Landlord Action was founded in 1999 as the first ever fixed-fee tenant eviction service. Led by Founder Paul Shamplina, Landlord Action has since acted in more than 35,000 problem tenant cases, become a…
EAN Content
Worrying slump in UK property rental market says Home.co.uk
Press release yesterday 21st June 2017 from Home.co.uk headlined ‘Alarming Decline in Homes for Rent’. The UK property rental market has seen a worrying slump of 11.6% in available stock over the last six years, according to new figures released by Home.co.uk. In some areas the fall is much more dramatic and can only compound…
Allen Walkey
Letting fees ban confirmed in Queen’s Speech
There was confirmation yesterday in the Queen’s Speech that fees charged by Landlords and Letting Agents will be banned with the announcement of the draft Tenants’ Fees Bill. Cox, Chief Executive, ARLA Propertymark comments on the draft Tenants’ Fees Bill to ban charging tenants ‘lettings fees’ announced in the Queen’s Speech: “The announcement of the…
Allen Walkey
UK Property Transactions Count – May 2017 with comment from Richard Sexton, director at e.surv
The provisional seasonally adjusted UK property transactions count for May 2017 updated yesterday 21st June from HM Revenue & Customs was 100,170 residential and 10,760 non-residential transactions. The seasonally adjusted estimate of the number of residential property transactions decreased by 3.3% between April 2017 and May 2017. This month’s seasonally adjusted figure is 13.4% higher…
Allen Walkey
Theresa May’s Queen’s Speech
Today we finally get to hear in the form of the Queen’s Speech what Theresa May and her government plan for the future, it will reveal which laws they plan to introduce or change. The centre of the speech is expected to be dominated by Brexit, one of a number of bills will be the…
Allen Walkey
Gross mortgage lending overall in 2016 totalled £245 billion according to CML
Yesterday 20th June 2017 the Council of Mortgage Lenders (CML) published data showing mortgage lending by CML members in 2016. Gross lending overall in 2016 totalled £245 billion, up 11% on 2015, which was a slightly higher rate of market growth than the 9% seen in the preceding year. The 10 largest firms continue to…
Allen Walkey
The auction room this month saw significant activity from commercial bidders looking for investment opportunities says Savills
News release yesterday 19th June 2017 from Savills headlines ‘June sees jump in sales at Savills regional auction’. A packed room and competitive pricing saw over £2.6 million raised at the latest Savills regional auction in Nottingham, which took place at the city’s racecourse on Thursday 8th June 2017. Victor Ktori, head of office at…
Allen Walkey
Government statement regarding safety checks following the Grenfell Tower fire.
Announcement on Gov.UK website from Department for Communities and Local Government published 19th June 2017. Communities Secretary Sajid Javid statement regarding safety checks following the Grenfell Tower fire. Read in full. Communities Secretary Sajid Javid said: “We have asked local authorities and all providers of social housing to identify whether any buildings in their area contain…
Allen Walkey
Sales still strong, but prices fall in June for first time since 2009
The number of sales agreed at this time of year is the second highest for ten years, only slightly lower than the high of May 2014 However, spring price momentum stalls as price of property coming to market drops by 0.4% (-£1,172), the first fall in June since 2009 at the height of the credit…
Rightmove