News


An interesting article in the Guardian based on data from Hometrack, that is close to our heart as Sava is based in Milton Keynes.

It seems not everyone hates roundabouts and concrete cows, Milton Keynes is the 3rd fastest town for house price growth with 9.8% over the last 12 months. 

As well as MK's house prices growing, of the top towns for price increase, it boasts the highest average house price at £286,700.

This growth in MK is in contrast to the slow growth seen in some of the UKs previously fast rising cities, such as Brighton, Oxford and Cambridge.

Read the full article here.


Could 'flat-pack' homes solve Manchester's housing crisis?

With the city of Manchester’s population growing 15 times faster than houses are being built, and only around 3,000 new homes being built in the region every year, are new prefabs the answer?

Seventy years after the old post-war prefabs were built, a new breed of prefabs is hitting Manchester. 

Read more here.

It's not only Japanese Knotweed you need to look out for, this interesting article looks at the damage that can be caused by the roots of  Oak, Willow and Poplar trees. The sticky sap secreted by Lime and Pine trees and the damage it can cause to whatever it falls on is covered. English Ivy also gets a mention as this type of ivy can cause problems, as oppose to Virginia Creepers and Boston Ivy.


Read the full article here


Do you use a drone to inspect the roofs on your surveys?

New drone laws come into force this year. From 30 July, you won’t be able to fly your drone above 400 feet and or within a kilometre of airport boundaries. Anyone who flouts the rules could be charged with “recklessly or negligently acting in a manner likely to endanger an aircraft or any person in an aircraft”, and face an unlimited fine, up to five years in prison, or both.

Furthermore, from 30 November 2019, all owners drones that weigh at least 250g will have to register with the Civil Aviation Authority (CAA) and take an online safety test. Anyone who fails to register or sit the competency tests could face fines of up to £1,000


Read  more here

UK housing market remains subdued with no impetus predicted in the near term


Activity in the UK residential property market remained flat in May and it is unlikely to gain any impetus in the near term, according to the latest monthly housing market survey, reports Property Wire.

Although the number of homes coming on to the housing market turned positive for the first time since 2016, buyer demand continues to decline at a headline level but to a lesser extent than at the start of 2018, says the report from the Royal Institution of Chartered Surveyors (RICS).

Overall, the market saw a stable trend in new instructions in May, with the headline indicator turning positive for the first time in more than two years but average stock levels on estate agents books across the UK was steady at 42.5, which is still close to an all-time low.

The report says that it remains to be seen whether the increase in May truly marks the beginning of supply pressures easing.

Read the full article here


Wales will be the first UK country to offset mortgage lending against energy efficiency rating of new build homes in progressive legislation 

Wales will be the first country to adopt pioneering mortgage research into legislation, with first-time buyers expected to reap the benefits. From this June, all Welsh Help-To-Buy loans will be adjusted according to the energy rating of the home being purchased. This will mean that those purchasing the most energy-efficient homes may be offered a larger loan as a consequence of their smaller anticipated energy bills. The change has been implemented based on research by the LENDERS partnership which was published in July 2017.
Read the full article here


An undersupply of housing in the UK over the past four decades has resulted in overcrowding, households having to share, insecure tenure, high rental payments relative to income, long journeys to school and work, and homelessness. The price of housing, which is high and rising relative to incomes, has also created problems for households wanting to become owner-occupiers. Read more here



If you're aged 35 and under and you are helping to improve and advance local communities then you might be in with chance to win this years award. The annual RICS Matrics Young Surveyor of the Year Awards is aimed to recognise and celebrate the most inspirational young surveying professionals in the UK. Entries are now open and the closing date is 6 July 2018. To find out more, click here.

 - The Abuse of Leasehold Interests

 - Pitched Fibre Drains Part 2

 - Valuing Development Sites - Lessons Learned

Welcome to the latest issue of the 'Technical Bulletin for Residential Surveyors', published jointly by Sava and BlueBox partners.
This bulletin aims to bring you quality technical information that will help you in your day to day work.


The Abuse of Leasehold Interests

What should a valuer consider?

Leasehold remains the number one concern for homeowners in the UK. Recent research by DAC Beachcroft (international firm of lawyers specialising in advising the insurance industry) summarised the government’s thinking on leasehold interests following their recent consultation...


Grounds Rents: The Calm before the Storm?

Looking at the future of ground rents

The topic of ground rents has had a huge amount of attention over the last 12 months, culminating in the government’s consultation paper on leasehold reform launched in July 2017. Reports of block notifications abound across the property professional sector, but are these likely to produce large scale exposures for professionals and their PI (professional indemnity) insurers?


Pitched Fibre Drains (part 2)

How and when to report RICSs pitched fibre drain products

Phil Parnham, director of BlueBox Partners, follows on from the pitch fibre drain article in Issue 27 of the Technical Bulletin with this feature focusing on how the same issues should be reported in RICS’s Home Survey products...


Valuing Development sites: Lessons Learned

In 2017, a claim was heard for a breach of professional negligence by CBRE Ltd on a development site for mortgage valuation purposes undertaken for the Dunfermline Building Society back in 2007. This is the sort of valuation only undertaken by firms with significant cover through professional indemnity insurance, but there are a few points from the case worth considering...


Read the full bulletin here*.

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CADS Housing Surveys are recruiting a handful of surveyors to work on the English Housing Survey (EHS). This is a rare opportunity to join the team of surveyors that work on this prestigious Government Housing Research project, with recruitment only taking place every 2-3 years. The research involves surveying 6200 dwellings a year with a team of 150 sub contracted surveyors. Due to the nature of the survey, recruitment does need to be reasonably specific geographically, and this year CADS are looking to recruit a surveyor to cover each of the following areas:

 

1.            West London, Ealing/Hammersmith & Fulham

2.            East London, Tower Hamlets/Newham

3.            South East London, Southwark/Lewisham

4.            Derby/Leicester

5.            Cambridgeshire

6.            Sheffield/Derby Notts

7.            Shropshire/Birmingham

8.            Lincolnshire

9.            Notts/Lincs/South Yorks

10.         Reading/South Oxfordshire

 

Please note surveyors would need to be available to attend a residential briefing at Warwick University from Tuesday 13th March – Sunday 18th March.

 

For further details please download the information sheet: