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Home repossessions and arrears in UK fell in 2016, latest data shows

The number of properties in the UK repossessed last year fell by almost 25% with the housing market experiencing a clear downward trend in arrears. The new data from the Council of Mortgage Lenders (CML) shows that last year’s total of 7,700 cases of possession compared with 10,200 in 2015, and was the lowest number […] The post Home repossessions and arrears in UK fell in 2016, latest data shows appeared first on PropertyWire . Continue reading

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Estate and lettings agent organisations launch joint consumer protection arm

The Association of Residential Letting Agents (ARLA) and the National Association of Estate Agents (NAEA) in the UK have launched a new Propertymark organisation to cover the sales and lettings markets. They announced that they are altering their emphasis from industry facing licensing to consumer protection with the launch of Propertymark which aims to speak […] The post Estate and lettings agent organisations launch joint consumer protection arm appeared first on PropertyWire . Continue reading

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Rents up across the UK apart from London, with rise of over 3% in some areas

Residential rents are continuing to grow across the UK with 20 areas seeing rises of more than 3% in the last year, according to the latest index report. Luton is the area with the fastest growing rents with a rise of 6.5%, followed by Northamptonshire up 5.1%, Peterborough up 4.8% and Edinburgh up 4.6%, the […] The post Rents up across the UK apart from London, with rise of over 3% in some areas appeared first on PropertyWire . Continue reading

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