Breaking News
UK’s FTB’s facing toughest conditions
According to an ING International Survey on Homes and Mortgages, first time buyers in the UK are facing some of the toughest conditions across Europe, the survey of over 15,000 people across 15 countries revealed. The study found that more than half of people in Europe see house prices rising over the next year, this…
Allen Walkey
Prisoners to their mortgage
Many interest only mortgages are fast reaching the end of their term, those mortgage holders who have not made plans as to how the original sum borrowed will be paid off could face repossession at the worst, nearly a million people are in such a situation because they have interest-only mortgages they just cannot pay…
Allen Walkey
OnTheMarket achieves more traffic growth in August.
OnTheMarket.com is delighted to announce that its traffic figures increased again throughout August to achieve another record breaking month. The website achieved more than 5.4million visits* – a rise of more than 220,000 compared to the previous month. It also attracted more than 2.5million* unique visitors, an increase of 100,000 compared with July. Ian Springett, Chief…
Christopher Walkey
Essex appeal to house buyers outside of county.
The Essex appeal remains strong as the majority of buyers of property are now moving in from outside the county, in fact new data from Beresfords Estate Agents reveals that figure to be about 60% of the total number of home buyers in Essex. The strength of demand in Essex is supported by numbers of…
Allen Walkey
The Property Ombudsman expels London agent for two years following tenant complaint.
Bruten & Co Limited, a sales and lettings agent based in Notting Hill Gate, London, has been expelled from membership of The Property Ombudsman (TPO) for a minimum of two years after failing to comply with parts of the Code of Practice for Residential Letting Agents and failing to pay an Ombudsman’s award made of…
Christopher Walkey
Property purchase stats for over 55’s
Research by Insurers Prudential says that its figures suggest that involvement by householders currently over the age of 55 will account for more than three million property transactions, worth a total of more than £775 billion. Investing in property remains popular with the over 55’s says the insurer, the average maximum purchase price for their…
Allen Walkey
Charity report on suffering tenants
Shelter the Housing Charity has reported that in the past year over 17,000 tenants have contacted them complaining about landlords who have abused, threatened, assaulted and harrassed them. In a survey by the charity, of 3800 adults questioned 60 claimed their landlords had been abusive to them or another tenant over the last 12 months….
Allen Walkey
Bank of England figures for July
Bank of England figures published yesterday showed that UK mortgage approvals rose in July to their highest level since February 2014, numbers were up by 16.4% to 68,764, this is in contrast to the number of mortgage approvals falling throughout 2014. Mortgage approvals have risen in five of the past seven months, this trend is…
Allen Walkey
Increase in supply of rental housing
In their monthly private rented sector report for July the Association of Residential Letting Agents noted an increase in the supply of rental housing, however the demand dipped. A third of ARLA agents expect supply to continue to increase over the next five years, rent increases last month were seen by two fifths of letting…
Allen Walkey
COUNTRY LIFE AND ONTHEMARKET.COM ANNOUNCE PARTNERSHIP
Country Life and OnTheMarket.com have agreed a partnership to create a co-branded online UK property search on the Country Life website which has gone live. Country Life, owned by Time Inc UK, is one of the UK’s most iconic magazine brands. Since 1897, it has covered the glorious British countryside, and is famous for featuring…
Christopher Walkey
Better returns with HMO buy-to-let
When it comes to calculating the return on a BTL investment, the HMO buy-to-let far outweighs that of the standard buy-to-let, analysis from Platinum Property Partners suggests that even if the interest rate were to increase by 3% a HMO investment would still be profitable. Steve Bolton, Chairman of Platinum Property Partners, reportedly said: “Not…
Allen Walkey
Rise in remortgage applications
Remortgage applications are on the increase that is according to the most recent figures from the Mortgage Advice Bureau (MAB), many homeowners who bought properties more than five years ago are now taking advantage of the increase in the value of their home by releasing cash by way of remortgaging, in many cases to bridge…
Allen Walkey
July market trend data.
Land Registry’s monthly Market Trend Data for residential property prices in England and Wales releases the figures for July, data shows an annual price increase of 4.6 per cent which takes the average property value in England and Wales to £183,861. Monthly house prices up 1.7 per cent since June 2015. The regional data indicates…
Allen Walkey
Homes for a pound
It was a few months back that we reported on the “House for a pound” scheme launched by Liverpool City Council, well now we can report that latest figures reveal that more than 2,500 people have applied, would-be buyers had until July 31 to apply, by the closing date 2,560 applications had been received. The…
Allen Walkey
Petition to reverse planned tax relief changes
In a recent article in one of the major financial papers it warns that the buy-to-let boom is now coming to an end, it puts the reasons as the removal of yield-enhancing tax reliefs and an impending interest rate rise. It reported that 80% of new homes built since the turn of the century have…
Allen Walkey