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Allen Walkey
BUDGET 2015-what to expect or not.
What are we expecting or not expecting in the budget today, the Chancellor has said there will be “no giveaways, no gimmicks” Some Pointers. Alcohol…The Chancellor is expected to either freeze beer duty or announce a 1p or 2p cut on a pint. Tobacco..Tipped for a 28p cut on a packet of 20 but the…
Allen Walkey
Landlord mortages increasing – opposite for first time buyers
Landlord purchasing appears to be the strongest sector of the property sales market at present, this is very much evident in the buy-to-let where demand seems to outstrip supply, landlords were granted nearly as many mortgages as first-time buyers in January, according to figures from the Council of Mortgage Lenders. Loans for first-time buyers tumbled…
Allen Walkey
Just 24hrs before the Budget 2015
This is a very important budget for the government as it comes just before the election on the 7th May, it will be a Conservative/Lib-Dem budget in reality and both parties in the coalition will be looking to gain popularity from it. According to a report by The Guardian out today it says, George Osborne…
Allen Walkey
Part own a london property through crowdfunding
Most of us are locked out of being an owner of a property in one of the worlds most active property markets London, that is because the London housing market is so expensive due to demand that only the rich and supa rich can invest in it, well that is no longer the case, as…
Allen Walkey
Rightmove says, average house prices in UK just below all-time highs.
Rightmove reported this morning that the average prices sellers are asking for UK houses are just £30 below their all-time highs and could breach that peak soon as a lack of choice for buyers adds to the upward pressure on values. The average new seller asking price across England and Wales was £281,752 in March,…
Allen Walkey
George Osborne to give pensioners more freedom to choose.
George Osborne gave a hint of what can be expected in this weeks budget on the Andrew Marr show yesterday , he is looking to extend the number of pensioners benefiting from the relaxed pension rules announced earlier this year, from April 6 this year people will be able to cash in their pension savings…
Allen Walkey
New “Rent to own” homes promised by Lib-dems
Help for first time buyers is pledged by the Liberal democrats by way of a “rent-to-own home scheme if they manage to win the election in May. Housing has become one of the main issues to be addressed by all parties in the lead up to the election, getting that foot on the property ladder…
Allen Walkey
London house prices still falling.
House prices in London appear to be detached from the rest of the UK, according to the RICS they are still falling, more surveyors reported that property prices had fallen in the three months to the end of February than those who reported price rises. the opposite being true in the rest of the country….
Allen Walkey
A new wave of investors for Buy-to-let.
For a long time now Brits have been infatuated with the buy to let property as an investment for their future, the idea of buying a property and getting somebody else to cover the mortgage by paying you rent every month is simply irresistible. Buy to let has not only been instrumental in supporting the…
Allen Walkey
Unexpected jump in house prices in February according to RICS
House prices in the UK jumped unexpectedly last month according to one of the most widely followed industry surveys, The Royal Institute of Chartered Surveyors, this was well ahead of the median forecast expected by economists, residential prices in London were the exception and registered a drop. “It is encouraging that the negative trend…
Allen Walkey
How your vote may affect the property industry.
The majority of both large and medium sized UK businesses have backed a Conservative win in the upcoming general election, research by accountancy firm BDO has revealed. The BDO poll also showed that half of the bosses of mid-sized companies would value a more equitable approach to taxation, particularly with business rates. The same number…
Allen Walkey
Stamp Duty revenues hit record high.
Another boost for George Osborne just prior to the budget next week as stamp duty revenues are set to hit a record high of £8billion in the current financial year, this follows on from the stamp duty reforms announced earlier in the year along with a soaring domestic housing market, the last high in…
Allen Walkey
Foxtons Group plc, London’s leading estate agent, today announces its financial results.
Foxtons today announced their financial results for the year to Dec 31st 2014. reporting an overall 8.2% increase in profits, they offer a balanced business with sales at 48.5%, lettings at 46.8% and mortage broking at 4.4%, Sales volumes reduced 3.7% for the year due to a market decline in the second half of the…
Allen Walkey
£10,000 up front to rent a bathroom-sized London apartment.
Without even seeing it first, a tenant paid £10,000 up front to secure a bathroom-sized London apartment which had only been on the market for just over half an hour. Located in eastern Soho border by Regent Street, the tiny flat was secured within minutes and was moved in to just two hours later with…
Christopher Walkey