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
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.
Weekly housing market update 16th August 2024
5 Fact Friday 16 August 2024 Rayner scraps Tory plans to prioritise British citizens for social housing https://www.telegraph.co.uk/politics/2024/08/10/angela-rayner-social-housing-migrants-drop-restrictions Q2 Mortgage claims for possession jump 34% from the same quarter in 2023. https://www.introducertoday.co.uk/breaking-news/2024/8/dramatic-rise-for-mortgage-possession-claims–government-data Monthly jobless claimant count spikes to highest level since 2009 https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/august2024 National average time for sellers to find a buyer rises to 72… Continue reading Weekly housing market update 16th August 2024
A mixed bag for housing – 5FF 9 August
Five Fact Friday 9 August 2024 Bloomberg reports signs of a house price recovery https://www.bloomberg.com/news/newsletters/2024-08-08/there-are-tentative-signs-of-a-uk-house-price-recovery Halifax average purchase price of its mortgage business rises 2% year on year https://www.halifax.co.uk/assets/pdf/july-2024-halifax-house-price-index.pdf RICS says “outlook brightening” https://www.rics.org/news-insights/market-surveys/uk-residential-market-survey Zoopla “20 minute offer” survey article https://www.bbc.co.uk/news/articles/credj9geenno Persimmon New Build Forecast Improves Link to Zoopla boss’s post on the end of… Continue reading A mixed bag for housing – 5FF 9 August
Weekly housing market update 2nd August 2024
5 Fact Friday – 2 Aug 2024 Rental market cooling quickly with supply up 14% and demand down 16%. https://hub.rightmove.co.uk/rental-price-tracker https://hub.rightmove.co.uk/content/uploads/2024/07/Rental-Trends-Tracker-Q2-2024-FINAL.pdf Labour doubles down on housebuilding claims. https://www.theguardian.com/society/article/2024/jul/27/angela-rayner-plans-tackle-tory-housing-legacy-scandal Zoopla boss says BTL no longer makes financial sense https://www.telegraph.co.uk/business/2024/07/27/private-landlord-britain-no-financial-sense-boss-zoopla June Mortgage approvals fall 3.5% https://www.bankofengland.co.uk/statistics/money-and-credit/2024/june-2024 Zoopla July HPI shows different property types have different price movements… Continue reading Weekly housing market update 2nd August 2024
UK Housing market’s limp gets worse – 5FF
5 Fact Friday – 26 July 2024 Asking price to sold price gap widens to 17%. https://www.propertyreporter.co.uk/asking-to-sold-price-gap-continuing-to-widen.html Buy to let mortgages halve in one quarter https://www.bloomberg.com/news/articles/2024-07-22/deals-for-uk-buy-to-let-homes-drop-to-record-low-boosting-rents?srnd=homepage-uk Kemi Badenoch schools Angela Rayner on impossible housing targets as new homes registrations plummet 23% https://www.independent.co.uk/money/new-home-registrations-fell-by-23-annually-in-second-quarter-of-2024-b2584306.html Number of UK Bankruptcies Jumps to Highest in Over a Year https://www.bloomberg.com/news/articles/2024-07-19/number-of-uk-bankruptcies-jumps-to-highest-in-over-a-year Huge… Continue reading UK Housing market’s limp gets worse – 5FF