Breaking News
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
Waterfords wins ‘Business Contribution to the Community’ Award.
Following 18 months of working with a variety of different local organisations, Waterfords estate agents, which has offices in Camberley, Sunningdale, Chobham, Fleet and Yateley, has won a Surrey Heath Volunteer Award for Business Contribution to the Community. The awards, organised by Voluntary Support North Surrey in conjunction with Surrey Heath Borough Council, were held…
Christopher Walkey
SNP property tax
The introduction of the property tax by the SNP in Scotland appears to have had somewhat of a negative effect, according to a recent report not one property over the value of £1 million was sold in the month following it’s introduction, that compares to 83 sales of such properties completed in March, average house…
Allen Walkey
House price growth slows
There appears to a slowing down in the pace of house price growth in London and UK, except for Northern Ireland and the south west. The new data released by the Office of National Statistics showed that the annual rate of house price growth in London dropped from 11.2pc in the 12 months to March…
Allen Walkey
Most tenants satisfied with landlords
According to research commissioned by Paragon Mortgages approx 80% of tenants living in the Private Rented Centre are satisfied with their landlords, the research was carried out during the first quarter of the year by BDRC Continental. The researchers asked 500 tenants living in the PRS for their views on both their current tenancy and…
Allen Walkey
Last time buyers
A new research study commissioned by Legal and General and released earlier this month has quantified the size of Great Britain’s “Last Time Buyer” (LTB) market for the first time. The study found that there are 3.3 million last time buyer households across Great Britain, with a combined 7.7m spare bedrooms – equivalent to 2.6 million three…
Allen Walkey
NAEA Housing Market Report
The National Association of Estate Agents have released their Housing Market Report for April, in the report it confirms that approximately a quarter of sales were made to first time buyers, that is good news, however 74% of estate agents do not see supply and demand levelling out over the next 5 years, 92% of…
Allen Walkey
Hunters Expansion and Market Listing
Hunters the estate agents are expected to list on the alternative investment market (aim junior market) at the end of the month, that should signal the start of an aggressive expansion plan which should see the franchise network to increase to more than 500 branches in 3 years. The company founded in 1992 is expecting…
Allen Walkey