Breaking News
Unfair to Scottish landlords
At present Scottish Landlords see as unfair the way rules concerning the council tax works, Nicola sturgeon announced in November last year a commission to examine a fairer way of funding local government services. The Scottish Association of Landlords (SAL) wants to see a change in rules so that empty furnished properties will be entitled…
Allen Walkey
Trading has commenced in Hunters shares
Hunters, one of the largest national sales and lettings estate agency businesses, announced yesterday that dealings in its shares on AIM had commenced at 60 pence per share. Numis Securities is Nominated Adviser and Broker to the Company. The Group has traded under the Hunters brand since inception in 1992 and as at 31 May…
Allen Walkey
#OnTheMarket continues to break traffic records:
Onthemarket are delighted to tell you that they have seen another record breaking month in terms of traffic to OnTheMarket.com. 4.4 million visits Over 2 million unique visitors They are continuing to see strong engagement from consumers in terms of pages viewed per visit and time on site and a high percentage of repeat visitors. This reflects both the quality…
Christopher Walkey
House price growth slows in June.
According to the Nationwide House Price Index UK house prices fell by 0.2% in the month of June, annual house price growth moderated to 3.3% from 4.6% in May. Commenting on the figures, Robert Gardner,Nationwide’s Chief Economist, said: “The annual pace of house price growth continued to slow in June, moderating to 3.3% from…
Allen Walkey
New property hot spots around London
House price affordability in London is putting pressure on buyers to look to the commuter belt to find a home within their price range, latest data from the Land Regsitry shows annual growth of just more than 9%, making the average London house worth £475,961, in the South-East, annual price rises are also just over…
Allen Walkey
BOE comments on Greece
The Bank of England said it stands ready to “take any actions required” after Greece’s rapid economic slide in just the past few days, Greece beame the first advanced economy to default on a loan to the International Monetary Fund on Tuesday. The precarious position of Greece could pose a risk to the financial system,…
Allen Walkey
Men V Women survey.
A recent survey carried out by Strutt & Parker highlights the differences between men’s and women’s housing priorities, by collating the answers of approx 2000 respondents across the country it gives a good insight into the desires and needs of the population. The survey sample was a combination of Strutt & Parker registered buyers, sellers,…
Allen Walkey
Three landlords face financial ruin on ‘Nightmare Tenants, Slum Landlords’
The second episode of Channel 5’s ‘Nightmare Tenants, Slum Landlords’, due to air on Wednesday 1st July 2015 at 9pm, will feature three separate landlords all facing financial ruin as a result of troublesome tenants. Calling on the expert help of Landlord Action to help regain possession of their property and chase outstanding arrears, Founder…
Christopher Walkey
Local authority forum for landlords and letting Agents
South Holland District Council are putting on a special afternoon event especially for Landlords and Letting Agents, this is part of Council’s popular information and networking events. The event takes place on the 13th July at the council’s offices in Priory Road, Spalding from 4pm until 6p, this event the event will give landlords a…
Allen Walkey
Rental demand continues to grow
The buy-to-let lenders Paragon Mortgages says that 43% of landlords surveyed believe demand is either growing or booming, in their most recent findings the trend for strong tenant demand is well established, with ongoing steady growth for the past three consecutive quarters. This level of growth is expected to continue over the coming 12 months,…
Allen Walkey
House buyers at 8 month high.
According to the National Association of Estate Agents (NAEA) in its May Housing Market Report, the number of Interested buyers per branch in May 2015 was the highest estate agents have seen over the last eight months. The report goes on to say that 383 house buyers were registered on average per office in May,…
Allen Walkey
Even greater demand for rental property
According to research by the Countrywide plc, the UK’s largest property services group, increasing numbers of landlords are able to re-let their property before the existing tenant moves out. The average UK property is taking 32 days to let, that is the lowest figure on record, over half of new lets in London are agreed…
Allen Walkey
Smoke alarms for rented property
Landlords need to be prepared for a change in the law which will see them be required to fit smoke alarms in properties that are rented out, to help landlords prepare for the new regulations, the government has provided every fire and rescue service with a limited number of free smoke and carbon monoxide alarms…
Allen Walkey
London Mayor announces 12,000 new homes
Plans have been announced that London Mayor Boris Johnson will create four new housing zones which will provide over 12,000 new homes, more than a quarter of which will be affordable housing. The new zones which will be a joint effort between London, Local and National Government, will be located in the the boroughs of…
Allen Walkey
Increase in new homes being built
According to Data from the National House Building Council 43,987 new properties were registered in the UK between March and May, a 15 per cent increase on the same time last year, this is a significant rise over the figures from last year. The NHBC data appears to support Markit/CIPS figures on the construction sector…
Allen Walkey