UK

Contract-document-legal-2013

Mortgage possessions claims rise 39%

Repossession claims have risen 39 per cent from Q2 2018 to Q2 2019, according to data collected by the ministry of justice. This increase represents the fourth consecutive month in which mortgage possession claims rose, reaching 6,179 in Q2 2019. The research also shows that mortgage orders, warrants and repossessions by county court bailiffs have […]

Principality manager jailed for stealing money

A manager at Principality Building Society has been jailed for forging a letter from a dead customer in order to redistribute money into her own account, reports Wales Online. Claire Free was found to have taken £9,170 from a now-deceased client, the father of whom notified the building society via a complaint. An investigation revealed […]

Houses, house, property, monopoly

House prices inflate 1.7% in June: Hometrack

House price inflation in UK cities has increased 1.7 per cent in June, according to data collected by Hometrack. Prices in London have remained flat in the year to June at 0 per cent. The data shows that seven cities included in the analysis recorded growth under 1 per cent. The largest decline was in […]

Houses, house, property, monopoly

Number of homes “flipped” falls 69%: Hamptons

The number of homes sold more than once within a 12-month period has fallen 69 per cent since its peak in 2004, according to research collected by Hamptons. The data shows that in 2018, 18,630 homes were “flipped” in England and Wales, while 60,340 homes were sold more than once in 2004. However, this figure […]

Sales received drops in June: Land Registry

The number of sales received for registration fell from 85,667 in May, to 81,742 in June, according to HM Land Registry. Of the sales received for registration, 62,331 were freehold and 10,952 were new builds; on a yearly basis this represents a 3 per cent decline, and 25.4 per cent increase, respectively. A total of […]

Average resi property value rises £2,046: Zoopla

The average residential property in the UK increased in value by £2,046 in the first six months of 2019, according to research collected by Zoopla. On a regional basis, the West Midlands recorded the largest rise in property values within this time frame, increasing by £6,695. This was followed by the South East which saw […]

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FCA extends transition power for no deal Brexit

The FCA intends to extend the proposed duration of the directions issued under the temporary transitional power to the 31 December 2020 in the event of a no deal Brexit. The regulator says this is to reflect the extension of Article 50 but other than the time extension its approach “remains unchanged” from the position […]

buy-to-let

Average yields reach new highs: Kent Reliance

The average yield on a residential property has reached 4.5 per cent, a two-year high, and the average yield in London is at 4.1 per cent, a four-year high, according to Kent Reliance. Across the UK the average rental price per calendar month is £896, having risen 1.3 per cent annually. However, the private rented […]