Category: 5 Fact Friday

5 Fact Friday 14th June 2024 Mortgage arrears total up 45% https://www.thisismoney.co.uk/money/mortgageshome/article-13517137/Mortgage-arrears-surge-45-year-reality-rate-hikes-sets-in.html Construction output falls sharply https://www.ons.gov.uk/businessindustryandtrade/constructionindustry/bulletins/constructionoutputingreatbritain/april2024 Housing Market Activity Stalls in May – RICS https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/5._WEB_May_2024_RICS_UK_Residential_Market_Survey_tp1.pdf GPD growth stalls – flat at 0% in April 2024  Gov Planning Application Statistics – Q1 2024 – All Metrics down approx 10% year on year   https://www.gov.uk/government/statistics/planning-applications-in-england-january-to-march-2024 Reform… Continue reading Housing Market News Overload.

Rents increase but not as much as ONS says and Zoopla says rental growth to fall to 5% https://www.goodlord.co/newsagent/goodlord-rental-index https://www.bbc.co.uk/news/articles/c9rrx74vy5xo HMRC Housing Transaction Volumes fall 9% in April from March https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above/uk-monthly-property-transactions-commentary–2 Nigel Farage enters election, changing the likely shape of the future House of Commons https://www.theguardian.com/politics/live/2024/jun/03/conservatives-equality-act-labour-general-election-campaign-uk-politics-live-3-june Labour announces FTB scheme. But it’s nothing new.  https://labour.org.uk/updates/stories/labour-party-homes-policy-how-we-will-keep-mortgage-rates-low-and-help-first-time-buyers-with-a-new-freedom-to-buy-scheme/… Continue reading Five Fact Friday 7th June 2024. FFS.

5 Fact Friday 31 May 2024 Leasehold Reform Bill Passed https://www.parliament.uk/business/news/2024/may/leasehold-and-freehold-reform-bill–completes-final-stages-and-becomes-law Nationwide HPI reports house price increase https://www.nationwidehousepriceindex.co.uk/resources/px24m-0qca4-6f5ur-t8ucc-hf0ou Zoopla House Price Index – Supply at 8 year high https://assets.ctfassets.net/02vwvgr6spsr/4sHzGQN1lF7UlfgJRxDBLt/f533e04da53ce7a53654714310b53e8e/HPI_April_2024_final.pdf Bank of England shows highest mortgage approvals since mini-budget https://www.bankofengland.co.uk/boeapps/database/fromshowcolumns.asp?Travel=NIxSUx&FromSeries=1&ToSeries=50&DAT=RNG&FD=1&FM=Jan&FY=2020&TD=31&TM=Dec&TY=2024&FNY=&CSVF=TT&html.x=121&html.y=35&C=10Z&Filter=N Eurozone Inflation higher than forecast – doubts on rate cuts https://www.ft.com/content/566c85f0-8a76-421b-a9b1-a20471363cff https://www.reuters.com/markets/europe/euro-zone-inflation-rises-just-ecb-prepares-cut-rates-2024-05-31 Leasehold Reform Summary: https://www.gov.uk/government/news/leasehold-reforms-become-law#:~:text=The%20Act%20%E2%80%93%20which%20has%20officially,more%20security%20in%20their%20home.

5 Fact Friday – 24th May 2024 Headline CPI Inflation down not as far as hoped to 2.3% but Owner Occupier Housing inflation up to 6.6% https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/april2024 BoE Rate Cut now not expected until September earliest.  https://www.bloomberg.com/news/articles/2024-05-22/pound-rallies-traders-pare-bets-on-rate-cuts-after-uk-inflation Yearly change in Average UK “House Prices” [sic] turns positive in April 2024 for the first time since… Continue reading It’s General Election time! 5 Fact Friday

5 Fact Friday – 17th May 2024 – 5 Facts hitting UK housing hardest Real Wages rise again, but more slowly https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/averageweeklyearningsingreatbritain/may2024 Unemployment rises, job vacancies fall, again https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/employmentintheuk/may2024 Britain is officially the worlds worst in homelessness  Why Britain is the world’s worst on homelessness Agent Regulation Abandoned after 5 years 3 banks cut mortgage… Continue reading Wages up, mortgage rates down 🎉 (right?)

5 Fact Friday 3 May 2024 March Mortgage approvals rise https://www.bankofengland.co.uk/statistics/money-and-credit/2024/march-2024 April Nationwide Index Price Falls -0.4% https://www.nationwidehousepriceindex.co.uk/reports/april-sees-slowing-in-annual-house-price-growth BoE Net Lending continues to contract https://www.bankofengland.co.uk/boeapps/database/fromshowcolumns.asp?Travel=NIxSUx&FromSeries=1&ToSeries=50&DAT=RNG&FD=1&FM=Jan&FY=2014&TD=31&TM=Dec&TY=2024&FNY=&CSVF=TT&html.x=111&html.y=29&C=KN2&Filter=N House Price Decay may be a long term trend as real values have fallen 11% already https://www.newstatesman.com/business/2024/05/housing-market-house-price-crash EPCs often wrong, need overhaul – Which? Probate delays rising 

Rightmove index misleads again.  20% more homes for sale than a year ago. Zoopla https://www.thisismoney.co.uk/money/mortgageshome/article-13337013/amp/Homes-sale-five-year-high-says-Zoopla-house-prices-fall.html 1.1m in mortgage arrears https://www.mpamag.com/uk/mortgage-industry/market-trends/492000-borrowers-at-risk-of-missing-payments/486603 Mortgage rates rise back above 6%  Homeowner pain as mortgages soar above 6pc again  https://archive.ph/2024.04.25-164328/https://www.telegraph.co.uk/money/property/mortgages/mortgage-rates-soar-above-6pc-homeowners-pain/ US Economy growth falters despite rising wages Section 21 Eviction Notice Abolition Delayed https://theindependentlandlord.com/section-21-abolition/

5 Fact Friday – 19 April 2024 ONS: Scotland and NI prices up, England and Wales prices fall 1.1% UK House Price Index summary: February 2024 – GOV.UK Inflation Stays Sticky – CPIH Unchanged at 3.8%, CPI slips slightly to 3.2% https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/march2024 Mortgage rates start increasing https://www.telegraph.co.uk/money/property/mortgages/mortgage-rates-rise-inflation-dash-hopes-summer-rate-cut/ Unemployment jumps “unexpectedly” to 4.2% https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/employmentintheuk/april2024 Job Vacancies… Continue reading Housing Market Woes Worsening in Q2.

5FF April 12th FCA: 7.4m struggling to make payments https://www.financialreporter.co.uk/fca-introduces-new-rules-for-mortgage-lenders-as-74m-still-struggling-to-meet-payments.html Download: RICS March Survey – House Price Survey Balance -4% reflecting slightly negative but stable picture https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/March_2024_RICS_UK_Residential_Market_Survey.pdf Bank of England Credit Survey – Defaults expected to increase https://www.bankofengland.co.uk/credit-conditions-survey/2024/2024-q1 Halifax HPI down -1% https://www.halifax.co.uk/media-centre/house-price-index.html https://www.halifax.co.uk/assets/pdf/march-2024-halifax-house-price-index.pdf Feb GDP up 0.1% https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/february2024 Use my First Time Buyer Email… Continue reading 5 Fact Friday 12 April