5FF Feb 23 2024 Rightmove’s “Asking Price” Index Up: https://www.rightmove.co.uk/news/content/uploads/2024/02/Rightmove-HPI-19th-February-Final-.pdf Hunt mulling 99% taxpayer-guaranteed mortgage lending https://www.ft.com/content/ce643bfa-d4a9-4d85-b28c-6cc0fceba62f Lenders Raise Rates https://www.bbc.co.uk/news/business-68374500 Bank of England nothing burger makes big headlines https://www.reuters.com/world/uk/bank-englands-bailey-sees-signs-uk-economy-upturn-2024-02-20/ BestAgent “People’s” open source House Price Index targets overvaluing culprits and beats hackers https://bestagent.property/hpi
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2024 New Rules for UK Home Sellers from National Trading Standards
The National Trading Standards Estate and Letting Agency Team (NTSELAT) are implementing new requirements for material information to be included in property listings. Part A came into place in 2022 and requires information that, regardless of outcome, is always considered material for all properties. Such as council tax banding, tenure, and price/ monthly rent. Parts… Continue reading 2024 New Rules for UK Home Sellers from National Trading Standards
5FF – Fri 27th October 2023
1 UK’s biggest wealth manager blocks clients from withdrawing money from their £1bn property fund. https://www.telegraph.co.uk/money/consumer-affairs/st-james-place-blocks-clients-pulling-money-major-property/ https://archive.ph/Po6I4 2 Almost half of the 1,200 people surveyed incorrectly think Interest Rates correlate more strongly with house prices than anything else https://x.com/moving_charlie/status/1717178983110832254?s=20 https://x.com/moving_charlie/status/1717541641727115671?s=20 3 Lloyds/Halifax predicts house prices will fall until 2025 https://www.thisismoney.co.uk/money/markets/article-12673173/House-prices-fall-2025-says-Lloyds-rates-peaked.html 4 Foxtons reports 23% fall… Continue reading 5FF – Fri 27th October 2023
5 Fact Friday 13 October 2023
RICS September Survey: Demand, sales, instructions and prices all remain in negative territory https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/9._WEB_September_2023_RICS_UK_Residential_Market_Survey_tp.pdf Wages Cooling: KPMG Survey shows slowest rise in starting pay in over two years https://www.bloomberg.com/news/articles/2023-10-10/uk-wage-growth-cools-as-job-cuts-mount-and-firms-cap-costs IMF Says Israel-Hamas War will impact global economy, especially oil prices https://news.sky.com/story/israel-hamas-war-is-new-cloud-darkening-horizon-of-global-economy-imf-warns-12983198 Labour pledges to bulldoze planning barriers and build 1,500,000 in the next parliament if… Continue reading 5 Fact Friday 13 October 2023
Proposed Ceasefire Terms as at 11 March 2025 between Russia and Ukraine.
The proposed ceasefire terms between Russia and Ukraine, as of March 12, 2025, stem from a U.S.-brokered initiative finalized during talks in Saudi Arabia on March 11, 2025. Here’s a detailed breakdown of the terms and the surrounding context based on available information: Ceasefire Terms: Russia’s Position and Terms: Russia has not yet agreed to… Continue reading Proposed Ceasefire Terms as at 11 March 2025 between Russia and Ukraine.
All signs point to a weakening UK housing market.
5 Fact Friday – 7th March 2025 5FF March 7th Landlord selloff jumps 50% in January compared with 2024. https://www.thisismoney.co.uk/money/buytolet/article-14447891/More-landlords-properties-sale-thanks-tougher-regulations-taxes.html Under offer median price drops £15k Number of new homes given go ahead last year was lowest since 2014 (Labour will miss target) https://archive.ph/g7MyH Bank of England mortgage approvals 24% lower than reported. https://www.bankofengland.co.uk/statistics/tables#:~:text=A5.4%20%2D-,Approvals,-for%20lending%20secured Halifax… Continue reading All signs point to a weakening UK housing market.
Foxtons fails 77% of its sellers, says AI research.
– Research suggests Foxtons and Dexters, major UK estate agents, have success rates of about 22-25%, selling only 22-25 homes for every 100 listed, far below the industry average of 50-60%. – It seems likely that their practice of overvaluing properties by 20-30% to secure exclusive contracts leads to many homes not selling, potentially costing… Continue reading Foxtons fails 77% of its sellers, says AI research.
Our government is intent on dividing us, not fixing anything.
Can everyone stop saying that supporting this or that party is “dangerous”? The housing crisis is, in my view, the deepest and widest crisis faced by the country. There is no prospect of economic growth until housing is fixed, even if energy costs came down, but there’s no chance of that either. Whatever the root… Continue reading Our government is intent on dividing us, not fixing anything.
5FF 4 October 2024
The five facts hitting the UK housing market hardest in the last 7 days – 4 October 2024 Charlie LamdinOctober 04, 2024 • Estimated Reading Time: 11 minutes 5 Fact Friday The latest insider intel on UK housing market from Charlie Lamdin Happy Friday ! Thank you for subscribing to my newsletter. Thanks to the thousands of… Continue reading 5FF 4 October 2024
5 Fact Friday 20 Sep 2024
It’s getting bleak. After today, 5 Fact Friday will be by newsletter only! Be sure to sign up. Fact 1: ONS is always OTT Fact 1: Research by my followers, in particular Otta Property, shows that ONS House Price Index initial publication gets revised, but its own figures show that it’s ALWAYS revised DOWN, and… Continue reading 5 Fact Friday 20 Sep 2024
Not a valuation
Charlie Lamdin answers a journalist’s questions. Q: Do you know of certain estate agents who over-value properties? Yes, most agents are reluctantly forced into over-valuing, because of the worst-offending, large agents who do it to extremes. London’s two largest agents are among the worst offenders, evidenced by the number of properties they never sell. Hint: “Dextons”… Continue reading Not a valuation
Mortgage Approvals Jump to highest in 2 years
Five Fact Friday 30 Aug 2024 Zoopla HPI shows 7 year record high listings and sale delays for price droppers https://assets.ctfassets.net/02vwvgr6spsr/5w99HETUtORhsbw5XOIVBj/69ec7d1266bcde10d4680b4994fe8f37/HPI_Aug_2024_-_ZP.pdf Nationwide reports small fall in average mortgaged transaction index value (aka ‘house prices’) ONS Housebuilding Data shows Q1 Housebuilding at 50% of gov target https://www.ons.gov.uk/peoplepopulationandcommunity/housing/datasets/ukhousebuildingpermanentdwellingsstartedandcompleted UK House Prices Post Surprise Fall Despite BOE Rate… Continue reading Mortgage Approvals Jump to highest in 2 years
Mortgage wars, falling rents, the week in housing.
5FF – 23 Aug 2024 House values are currently at 2003 levels. Nationwide. https://rationanalytics.com/uk/house-prices-inflation-adjusted Rightmove Average Asking Prices fall between £700 and £15,000 in August https://www.rightmove.co.uk/news/content/uploads/2024/08/Rightmove-HPI-19th-August-Final.pdf Rents Start Falling https://www.zoopla.co.uk/discover/property-news/rents-start-falling-in-major-cities Rachel Reeves the Rent Raiser Mortgage rate cutting war hots up https://www.standard.co.uk/business/mortgage-price-war-nationwide-hsbc-natwest-b1177737.html
Suggested Email Offer Template for Cash Buyers.
How to make an offer on a home you want to buy as a cash buyer with no mortgage or borrowing required. For the Google Doc Version you can edit yourself Click Here Introduction and explanation. This suggested email template is free for anyone to use, at your own risk and discretion, in part or… Continue reading Suggested Email Offer Template for Cash Buyers.