Breaking News
BREAKING NEWS – top 5 stories 11/05/2021
AVERAGE RENT IS NOW ALMOST £1,000 PER MONTH According to an index of data, which includes the London PRS sector, the average rent per month in the UK is £996, take London out of this index it is £853. Perhaps a reason many look to buy rather than rent when they can. BOOMIN FIVE-WEEKS IN…
Andrew Stanton
BREAKING NEWS – top 5 stories 10/05/2021
GRENFELL TYPE CLADDING IN SECOND TOWER BLOCK INFERNO Ballymore the property developer had an external fire on their five-hundred- and fifty-nine-unit site, specifically one of its tower blocks at its New Providence Wharf development in East London. The ACM cladding, identical to that of the Grenfell blaze was on the list to be removed, but…
Andrew Stanton
BREAKING NEWS – top 5 stories 07/05/2021
BANK OF ENGLAND BASE RATE REMAINS AT 0.1% The BoE committee has had its monthly meeting and the base rate remains at it’s a tenth of a percentage point, which should be a good thing for those looking for mortgage finance, but of course bad news for savers, as inflation is in reality giving zero…
Andrew Stanton
BREAKING NEWS – top 5 stories 06/05/2021
WFH OFFICE IN THE GARDEN AN ASSET OR A SDLT TAX LIABILITY FOR BUYERS Increasingly with WFH being all the rage, many are kitting out ‘Home Offices’ in their gardens so a separate construction. In turn when these vendors look to sell, this should be a feature – right? Well possibly not, and indeed may…
Andrew Stanton
BREAKING NEWS – top 5 stories 05/05/2021
BUYING A NEW HOME COULD MEAN PAYING A 25% PREMIUM ACCORDING TO 20Ci Ian Lancaster CEO of TwentyCI Group has just announced some astonishing analysis, that those buying new homes are now paying a huge amount for the benefit of buying in this way. He states, ‘Well, the facts are that the new build premium…
Andrew Stanton
BREAKING NEWS – top 5 stories 04/05/2021
MORTGAGE BORROWING IN MARCH LARGEST UPTICK IN 28 YEARS According to analysis in The Times, March was a record month for the amount of mortgage business arranged, being nearly £12BN above the previous record, in April 1993. Whilst this may seem an encouraging sign, can this huge amount of borrowing and the juggernaut of property…
Andrew Stanton
BREAKING NEWS – top 5 stories 29/04/2021
SIMON WILKINSON – PROPERTYMARK DISCUSSION ON MODERNISING CONVEYANCING Simon Wilkinson of The Wilkinson Partnership and board member of Propertymark, and is my local agent, is today heading up a discussion with Stephen Hayter on how the ‘conveyancing process’ can be fixed, or at least helped along. It kicks off at mid-day. https://www.naea.co.uk/book-a-regional-meeting/?eventcode=NAEA21-2. Having great knowledge…
Andrew Stanton
BREAKING NEWS – top 5 stories 28/04/2021
BSI LOOKS TO NEW CODE TO SALVE THE WOES CAUSED BY CLADDING CRISIS The government which has had several debates regarding the problems associated with cladding, sparked by the Grenfell tragedy, has now tasked the British Standards Institution to take evidence and formulate a ‘code’ that will act as a roadmap moving forward for all….
Andrew Stanton
Rents across two thirds of London lower than five years ago
Asking rents in almost two thirds (65%) of areas in London are lower than they were five years ago, compared to just 4% of areas with lower rents across the rest of Great Britain London is the only region where asking rents are lower than five years ago, down by 2.3%, while the East Midlands…
Rightmove
BREAKING NEWS – top 5 stories 27/04/2021
MORTGAGE PRISONERS GIVEN NO HELP BY GOVERNMENT The government as predicted voted against setting a safeguard interest rate for tens of thousands of people with high loan to value mortgages, who coming out of lower interest deals faced their mortgage payments in some cases doubling. There was an effort to change the FS bill in…
Andrew Stanton
BREAKING NEWS – top 5 stories 26/04/2021
SELLERS MARKET CONTINUES According to Propertymark, in March 16% of the housing stock sold for more than the asking price and the market as a whole is as buoyant as it was in 2007 (the year before the banking crisis of 2008) which saw a stalled market for some years. ZOOPLA BUYS PROPTECH COMPANY YOURKEYS…
Andrew Stanton
BREAKING NEWS – top 5 stories 23/04/2021
PROPERTYMARK TO GAIN INSIGHT FROM PROPTECH COMPANIES Mark Hayward, ex CEO and now Chief Policy Advisor for Propertymark, is to talk to five of the seven Proptech companies in the REACH UK accelerator. This can be nothing but a good thing, as definitely the world is now digital and it is time that real estate…
Andrew Stanton
BREAKING NEWS – top 5 stories 22/04/2021
CURATED BY KIKO THE FIRST EVER TENANT SATISFACTION SUMMIT – 29th APRIL Taking place on April 29th, the first ever Tenant Satisfaction Summit is launching virtually with 50+ industry leading speakers who will discuss how focusing on improving the resident experience will define the next decade of residential housing. The Summit brings together landlords, property…
Andrew Stanton
BREAKING NEWS – top 5 stories 20/04/2021
FIRST TIME BUYERS CAN BORROW 5.5 TIMES THEIR INCOME ON 10% DEPOSIT Nationwide have unveiled a new mortgage that goes live on the 26th of April, which allows first time buyers to get a mortgage based a multiple of five and a half times their income, with only a 10% deposit. This is in response…
Andrew Stanton
BREAKING NEWS – top 5 stories 19/04/2021
NATIONAL NEW HOMES DEVEOPER KIERS SELL OFF ANNOUNCED In a deal worth £110M in cash, Kier has done a deal with Foster Bidco, to sell off its housing division so it can focus on its other core functions. With possibly a volatile housing market in the tail end of 2021, this may prove to be…
Andrew Stanton