Landlord and BTL Blog

Wednesday, May 08, 2019

Bridging loan interest rates drop

Bridging loan interest rates drop to lowest level since 2015: MT Financehttps://t.co/TIBcdRrh80
— Mortgage Strategy (@MortgageStrat) May 8, 2019

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House prices - big April jump

UK house prices for April show biggest jump for two years https://t.co/4yiVpXDW1v
— Property Hawk (@landlordnews) May 8, 2019

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Half of babies in rented accommodation

New figures show that almost half of all babies born today are starting their lives in rented accommodation, says #TomMundy, COO of property platform #Goodlord. #RentalMarket https://t.co/irKBTflUJM
— The Negotiator (@TheNeg) May 8, 2019

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Halifax's latest house price index

On a monthly basis, house prices rose by 1.1%, versus a fall of 1.3%March
House prices in the three months to April were 5.0% higher than in the same three months a year earlier
In the latest quarter (February to April) house prices were 4.2% higher than in the preceding three months (November to January).The average house price is now £236,619
In April 2009 average house prices were £154,663 - the low point following the 2008 financial crash. Since then we have seen an increase of £81,956, which reflects a 4.3% average annual increase.

The sharp 5% rise in April’s annual change figure comes against the backdrop of a particularly low growth rate over the corresponding period in 2018, impacting year-on-year comparisons. This also factors in a notably high growth figure recorded in February this year, driven by a higher volume of London sales and more expensive new build properties.

Russell Galley, Managing Director, Halifax, comments:

“The average UK house price now stands at £236,619 following a 1.1% monthly rise in April, as demand and supply of housing remained subdued for another month.

“The index has seen a weaker pace of growth over the last three years, which is consistent with the easing of transactions volumes and housing market activity reflected in RICS, Bank of England and HMRC figures.

“Looking further back, this April also marks 10 years since the lowest point of the Halifax house price index following the financial crash in 2008. Over the past decade annual house price growth has seen the average price increase by £81,956, or an average rise of 4.3% each year.”

Read in full - Halifax House Price Index April 2019

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Guidance on the Tenant Fees Act

Guidance on the Tenant Fees Act 2019 and how it will affect existing tenancies Check out the new rules here: https://t.co/Fm8gMJ1h6a
— Tessa Shepperson (@TessaShepperson) May 7, 2019

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