Breaking News
Housing costs in Capital causing poverty.
According to a report by New Policy Institute it found that 27% of Londoners live in poverty compared to 20% in the rest of England, the key driver of this poverty is the cost of housing in the capital. The lack of affordable housing has forced many low-income households into private renting, rents in London…
Allen Walkey
HCA Housing Market Bulletin October
The Homes and Communities Agency Bulletin for October 2015. National average house price increases have slowed but still remain higher than both retail price inflation and average wage inflation. The seasonally adjusted trend in the number of home sales has generally been upwards in 2015, and total mortgage lending continues to increase. Commercial and…
Allen Walkey
Tenant demand growing
According to research carried out by The National Landlords Association it shows tenant demand remains strong, with four in 10 landlords reporting an increase in the areas where they operate. They stated that tenant demand continues to be largely seen as either stable or increasing in the areas where they operate in the last three…
Allen Walkey
NAEA September Housing Market Report
House sales to first time buyers accounted for 29% of total sales in September, compared to 20% in August, a rise of nine percentage points from last month that is the highest since May this year. The number of house-hunters searching for properties dropped this month The number of properties available to buy at each…
Allen Walkey
BBA figures reports rise in re-mortgaging
According to the latest BBA figures, mortgage approvals in September rose by 24% compared to last year, with remortgaging up 40% and house purchase up 14%. First-time buyers continue to find good deals available while existing borrowers are switching to lower fixed rates to control their mortgage costs. Gross mortgage borrowing in September was £12.1…
Allen Walkey
Countrywide “Building our Future”
Countrywide plc is the UK’s largest integrated property services group, they announced last week that they have made a series of Managing Director and Director level appointments within their Retail and London business units. The appointments cover both the wider UK retail team and Countrywide’s London business unit and are part of the ongoing implementation…
Allen Walkey
Fall in sales of million pound homes
According to the latest research from Lloyds Bank sales of properties worth at least a million pounds have fallen in the first half of 2015. Sales are down by 11% compared to the same period in 2014 that is from from 6,303 to 5,599, this is in stark contrast to the 46% increase seen in…
Allen Walkey
Additional powers to control BTL mortgage market
Mark Carney the Governor of The Bank of England (BOE) has for some time now been making the point that the UK buy-to-let mortage market poses a threat to Britain’s economic recovery, at present certain controls exist for the residential mortgage market that do not for the Buy-To-Let (BTL) mortgage market. The Governor of the…
Allen Walkey
No change of use for London Pub.
An historic south London pub that was named the Elephant and Castle will now not become a Branch of Foxtons the Estate Agents, the pub was closed down earlier in the year due to a violent incident, squatters moved in shortly afterwards. EstateAgentNetworking previously reported that Foxtons had submitted an application to Southwark Council to…
Allen Walkey
Statement by OnTheMarket.com
Following Zoopla’s trading update this morning, please see below a statement from OnTheMarket.com. Ian Springett, Chief Executive of OnTheMarket.com said: “Zoopla Property Group’s latest trading update serves to highlight the success of OnTheMarket.com, which is already firmly established as a leading portal. “The key fact is that over 90 per cent of our member agents…
Allen Walkey
Zoopla Property Group pleased with progress
Zoopla Property Group Plc today provides its scheduled trading update in respect of the financial year ended 30 September 2015. The Property Services division has performed well with UK Agency membership continuing its return to growth. The Group added a further 146 net new UK Agency branches since the last member update for July, taking…
Allen Walkey
Transaction data September 2015
This transaction data published yesterday provides information about the number and types of applications that Land Registry completed in September 2015. In September 2015: Land Registry completes 1,513,920 applications South East tops the table of regional applications with 349,215 Birmingham tops the table of local authority applications with 23,263 The Transaction Data shows Land Registry…
Allen Walkey
Right-to-Rent roll out date fixed
The government announced yesterday that as from the 1st February 2016 all private landlords letting property in England will be required to check the immigration status of prospective tenants before before renting out their property. This is the next stage of the scheme’s national roll out after being launched in the Midlands, under the new…
Allen Walkey
Plans for ‘Skinny Shard” for West London
Changes to West Londons Skyline with what has already attracted the name of ‘Skinny Shard” may well happen if architect Renzo Piano and developers Sellar property Group get their way, Irvine Sellar’s property company has unveiled plans to transform Paddington in West London with a mixed used scheme, the focal point will be a slender…
Allen Walkey
HMRC twitter chat for landlords
HM Revenue & Customs (HMRC) is hosting a Twitter chat today between 6pm to 9pm for anyone with a question about being a landlord in the UK. Experts from HMRC, the Residential Landlords Association, the Association of Residential Letting Agents, the National Landlords Association and Mydeposit will be answering questions on all aspects of the…
Allen Walkey