Breaking News
BREAKING NEWS – top 5 stories 18/05/2021
TELEGRAPH RUNS CRYOTO CURRENCY TALE OF WOE FOR WOULD BE £1M HOME BUYER A recent article in the Daily Telegraph tells of how a buyer wished to use the profit from their cryptocurrency holdings to buy a prime property, but the solicitor’s and also lenders are wary of large sums that are not easily traced…
Andrew Stanton
BREAKING NEWS – top 5 stories 17/05/2021
THREE YEAR INNOVATION PARTNER TIE UP ZOOPLA & LRG Charlie Bryant, CEO of Zoopla and Peter Kavanagh, CEO of the Leaders Roman Group have announced a three year tie up, where LPG will become the latest Innovation Partner. This symbiotic arrangement will give the LGR a close in to new innovation and a front seat…
Andrew Stanton
New price record as Wales and the north lead the way and London stands still
New records continue to be set as the average price of property coming to market this month jumps by 1.8% (+£5,767), to a third of a million pounds (£333,564) Average London house prices are 2.9 times higher than prices in the northern areas of Great Britain, and although still large this is the smallest ratio…
Rightmove
BREAKING NEWS – top 5 stories 14/05/2021
ALPHALETZ WINS ‘BEST GLOBAL-BASED PROPERTY MANAGEMENT PLATFORM 2021 Building on the success of their initial launch, Alphaletz has further enhanced their product offering, and are today announcing the launch of their new mobile and online app in conjunction with the award for ‘Best Global Cloud-Based Property Management Platform of 2021’ The award has been won…
Andrew Stanton
Portugal enquiries surge as buyers make plans to travel overseas
The news that Portugal is on the green list of countries for travel from 17th May has led to a jump of 93% in the number of home-hunters contacting estate agents about properties for sale in the country The most popular resorts are in the Algarve, with the top destination being Albufeira where the average…
Rightmove
Didsbury named most sought after place to buy a home in Great Britain
New data reveals the Manchester suburb of Didsbury is the most popular area for buyers actively looking for their next home, while neighbouring suburb of Chorlton-cum-Hardy also makes the top ten Walthamstow in London takes the second spot, and in third place is the Wirral in Merseyside There are now over 2.7 million people signed…
Rightmove
BREAKING NEWS – top 5 stories 13/05/2021
THE OPEN PARTNERSHIP £19BN OF MORTGAGES LAST YEAR, ALREADY £5.7BN IN Q1 2021 Staggeringly, TOP did nearly £6BN of mortgages from January to March this year, which is a standout record. The big question is will the bubble burst as we see a tailing off of activity in the housing sector? Obviously re-mortgage business will…
Andrew Stanton
BREAKING NEWS – top 5 stories 12/05/2021
QUEENS SPEECH HAS NEW PLANNING BILL AT ITS HEART Following yesterday’s Queens speech, a bill likely this autumn will look at ending section 106 agreements, utilise a coding system, with councils having to zone land as renewal, protection, or growth, with growth meaning that ‘automatic’ outline planning would be implicit. Clearly this is going to…
Andrew Stanton
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