Breaking News
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
A surge in office refurbishments outside London, the fastest growth in years.
The first six months of 2015 has been really interesting the pattern of refurbishments has been changing for the first time in years we are seeing the north and the provinces refurbishing at a much faster rate in years. We are finding that in certain areas offices have not updated for 20 years and have…
Alex Evans
HMRC property sales data
Property sales data from HM Revenue and Customs (HMRC) has provided more evidence that the UK housing market is moving slower than a year ago, 98,540 homes were sold in May, down 3% on a year earlier. Other data has predicted a modest pick-up in the housing market during the latter half of this year….
Allen Walkey
Extending Right to Buy scheme
Jeremy Corbyn a Labour leadership contender has said, “the right to buy policy that lets council tenants buy their homes at a big discount should be extended to the tenants of private landlords, that Labour needed to go further in tackling the housing crisis and that extending Right To Buy could help more people find…
Allen Walkey
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