Breaking News
Shelter welcomes major parties pledges to end rough-sleeping
Shelter welcomes the pledges made in all of the major party’s manifestos this week to end rough-sleeping. Anne Baxendale, director of policy and campaigns at Shelter, said: “Clearly the sharp rise in rough-sleeping in recent years has rung alarm bells in politicians’ ears, so it’s good to see all major parties pledging to end this…
Allen Walkey
Home buyers down 12% on last year:
Home buyers up 27% in March compared to February but down 12% on last year… We’ve had a busy year in all what with Trump and Brexit! On a non-seasonally adjusted basis, lending in March: Home buyers borrowed £11.2bn First-time buyers borrowed £4.9bn for home-owner house purchase Home movers borrowed £6.2bn Home-owner remortgage activity was up…
EAN Content
Foxtons performance for Q1-2017 in line with Board’s expectations
Foxtons Plc, London’s leading estate agent yesterday 17th May 2017 issued a trading update for Q1-2017. During the first quarter Foxtons performance has been in line with the Board’s expectations. Group revenue was £28.7m compared to £38.4m in the first quarter last year and £26.4m in the fourth quarter of 2016. This quarterly performance is set…
Allen Walkey
The Property Ombudsman expels London Corporate Apartments:
Landlords and tenants are being warned that London Corporate Apartments Ltd (LCA) has been expelled from The Property Ombudsman (TPO) scheme for failing to pay an award following a rental deposit dispute. The Property Ombudsman (TPO) scheme helps more than 16,000 consumers with their property disputes every year and the scheme’s free, fair and impartial…
EAN Content
TPO expels Essex lettings agent following complex landlord dispute
Ombudsman considers an extraordinary case concerning three properties and issues including tenant referencing, outstanding rent and repair bills and a tenancy renewal agreed without the landlord’s consent The Property Ombudsman (TPO) scheme has expelled Lettings Solutions Ltd for two years after Lettings Solutions Ltd failed to pay an award following a review of a highly…
EAN Content
Yopa, DailyMail and Savills… Onward and upwards with Online Estate Agency it seems
It would appear the fear of online estate agency is now more or less a standard acceptance across the board, that it is likely to be part of or most of the future of estate agency in years to come. Be it major high street estate agencies or investment companies / media companies / consumer…
Christopher Walkey
New three year partnership deal between Countrywide Surveying Services and Leeds Building Society
Countrywide announced yesterday 16th May that Countrywide Surveying Services has been appointed by Leeds Building Society as its valuation and panel manager in a new three year partnership deal. Commenting on the new contract, Martin Richardson, Leeds Building Society’s Director of Operations said: “We’re pleased to have appointed Countrywide Surveying Services to provide property valuation and…
Allen Walkey
UK house price grew by 4.1% in year to March 2017
UK House Price Index summary; March 2017 from HM Land Registry published yesterday 16th May 2017. This is a monthly report that shows changes in average house prices for England,Scotland,Wales and Northern Ireland. UK House prices grew by 4.1% in the year to March 2017, 1.5 percentage points lower than in the year to February 2017….
Allen Walkey
Less than 2% of new house purchase loans are now taken out on an interest-only basis
News from the CML, Council of Mortgage Lenders, showcase the decline of interest-only mortgages in the UK with now only 2% being them in 2017 which is a fair drop from what was approximately 40% in 2017. “When we first started to collect this data in 2012, the regulatory concern was that interest-only loans…
EAN Content
Shelter reveals how hard-pressed private renters need to borrow to pay their rent.
In a latest survey conducted by Shelter, they reveal that 1 in 3 renters on low incomes, which adds up to almost half a million people are having to borrow money in the form of credit cards, overdrafts or friends and family to be able to pay their rent. According to a Shelter analysis of…
Allen Walkey
House Price Index: affordability struggles continue as election looms
The latest England & Wales House Price Index from Your Move has shown that affordability struggles continue as election looms. Top line stats: Average house price at £301,606 in April Up just 0.1% in the month and 3.5% annually West Midlands powers on as fastest growing region, topping growth table with Shropshire up 10% London…
EAN Content
Growth in registrations in both private and affordable sector says NHBC
According to the latest NHBC home registration statistics, more than 42,000 new homes were registered in the UK by NHBC in the first three months of this year. In Q1 2017 the number of registrations was 42,470, a 17% increase on last year (36,351). Of these: Private sector registrations in 2017 increased by 10% (31,197),…
Allen Walkey
SAFEagent Awareness Week 15-19 May 2017
Next week, 3,000 professional lettings agents across the UK will unite for SAFEagent Awareness Week 15-19 May 2017 – continuing to highlight to consumers the importance of choosing a professional agent who is part of a Client Money Protection (CMP) Scheme run by a professional membership body or trade association. SAFE (Safe Agent Fully Endorsed)…
Allen Walkey
Mortgages in arrears at their lowest quarterly rate on record, says CML
News release from the Council of Mortgage Lenders (CML) published yesterday 11th May 2017 headlined ‘Arrears continued to fall in first quarter, says CML’ According to the CML, the number of mortgages in arrears fell slightly in the first quarter of 2017, and is down on both the previous quarter and a year ago. There…
Allen Walkey
Bank of England – Bank Rate held at 0.25%
The Bank of England’s Monetary Policy Committee (MPC) at its meeting ending on 10 May 2017, voted by a majority of 7-1 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The…
Allen Walkey