Breaking News
BBA mortgage approvals (May)
The Mortgage Approvals published by the British Bankers Association measure the number of home loans issued by the BBA during the previous quarter. A Mortgage growth represents a healthy housing market. BBA Mortgage Approvals for (May) Previous 42.1K Actual 42.5K Richard Woolhouse, Chief Economist at the BBA, reportedly said:“Household borrowing remains robust and this…
Allen Walkey
Zoopla Property Group launches real-time listings service
Zoopla Property Group (ZPG) has launched its Real-Time Listings Service, allowing its members to send updates to property listings on ZPG websites within minutes of being updated on the agent or developer’s system or website. The service has been launched initially with Property Software Group (PSG), starting with Alto and will be followed by the…
Allen Walkey
Lord Kerslake speaks out
Lord Kerslake speaking at The Chartered Institute of Housing’s annual conference in Manchester renewed his attack on the governments plans to extend the right to buy to housing Associations. He claimed that the proposal is wrong in principle and wrong in practice, Lord Kerslake, who is the chair of housing group Peabody, reportedly said the…
Allen Walkey
Pensioners invest in Buy-to-Let
The buy-to-let sector of the property market remains as strong as ever, new data reveals that the number of buy-to-let deals available to first-time landlords has increased 13 per cent in the last few months. It is just a few weeks since the relaxtion of rules came into effect concerning changes to how pensioners are…
Allen Walkey
FTB prefer house to flat
According to research from Clydesdale and Yorkshire Banks approximately 70% of first-time buyers in the UK would prefer to own a house rather than a flat, this compares with an average last year of 57%, those who would prefer a flat are at 28% down from 43% in 2014. Steve Fletcher, director, retail banking, reportedly…
Allen Walkey
Regents Estate Agents open a new office in Addlestone.
Regents Estate Agents, part of the Badger Holdings Group, are pleased to announce the opening of its newest branch situated on Station Road in Addlestone, Surrey. With four other branches in prominent commuter towns; Chertsey, Sunbury on Thames, Staines upon Thames and most recently Woking, the addition of Addlestone fits perfectly within the Regents’ network….
Christopher Walkey
The team @raterAgent finds over 1 in 6 attempted reviews are fake:
raterAgent’s latest analysis of its website submissions has found that 17% – just over 1 in 6 of all attempted reviews – are efforts by estate and letting agents, or someone that they know, to falsify their or their competitors’ reputation. “It’s one of the reasons why we welcome the investigation by the Competition and…
Christopher Walkey
Five year licence for HMO in Camden
Camden Council is introducing new licensing conditions for landlords of shared accommodation, it will mean that landlords who rent out a HMO (House in Multiple Occupation) must apply for a five-year licence. A licence will only be granted if a minimum set of standards for the property are met, this is infact good news,…
Allen Walkey
Mortgages extending into retirement
Data from the Council of Mortgage lenders reveals that a third of new mortgages being taken out today will extend beyond their 65th birthday, this situation is being created because some buyers are entering the property market at an older age and the duration of some mortgages is longer term. The new figures were revealed…
Allen Walkey
Land Registry data for May
This data provides information about the number and types of applications that Land Registry completed in May 2015. Land Registry completes 1,298,742 applications South East tops the table of regional applications with 299,361 Birmingham tops the table of local authority applications with 20,035 The Transaction Data shows Land Registry completed over 1,298,740 applications from its…
Allen Walkey
Fall in home ownership
According to the 2011 Census released today by the ONS, the proportion of owned homes in 2011 decreased by 5 percentage points, the first fall in a century, more than half (64%, 15.0 million) of the 23.4 million households in England and Wales were owner occupied, however this was a decline from 69% in 2001….
Allen Walkey
Homes for one pound
Liverpool City Council will open applications to sell more homes for £1 at the end of this June, this follows the successful pilot scheme where 20 homes in Granby Four Streets and Arnside Road were brought back to life by buyers who had paid just £1 to buy them, they were required to make a…
Allen Walkey
Fined for ignoring fire safety legislation.
I picked up on a story from the Manchester Evening News which I wanted to highlight here on Breaking News at EAN, fire safety regulations must to be taken notice of when renting out property, I have seen first hand what terrible scars can be inflicted on people who have been burnt, children more especially,…
Allen Walkey
If Greece exit Euro
The recent run up to the General Election and the election itself was enough to cause the property market to stagnate especially in London, that is if recent figures regarding activity and growth are anything to go by, without any doubt the fear of a Labour government was the cause of this with all its…
Allen Walkey
Demand in recruitment is outstripping supply says Joshua Rayner.
The recruitment market for agents is reflecting the property market: demand is outstripping supply with Joshua Rayner, of Rayner Personnel and Estate Agency All-Stars saying that employers are hungry for negotiators with up to two years’ agency experience. Though difficulty in finding the right candidates is the stumbling block as many members of staff will not…
Christopher Walkey