Henry Pryor

BBC You & Yours – 30th Aug. 2019

BBC You & Yours – 30th Aug. 2019

Their son James is self-employed and unable to get a mortgage so mum and dad Pam & Keith are taking out a 40 year mortgage to help him to buy a home. I have some problems with this as I explained to Peter White via LuciLive whilst on holiday in Umbria. Original story from The Times here

Persimmon half year results.

Persimmon half year results.

Persimmon, the UK’s second biggest volume housebuilder announced half year results. Turnover of £1.75bn and profits of £500m were both down slightly as was the number of homes built in the first 6 months as the Company said that it was concentrating on improving the quality of their homes after stinging criticism of the firm in recent years.

Sellers to pay Stamp Duty?

Sellers to pay Stamp Duty?

In what might be just a mis-speak the Chancellor Sajid Javid is said to have suggested in the Times that “he was looking at various options when asked about stamp duty reforms including reversing liability from those buying property to those selling.” Personally, I doubt that he is – it’s The Silly Season but these days, who knows. Maybe it’s just something to distract us […]

Record week!

Record week!

Record temperatures this week but with the help of some of the best solicitors and surveyors I’ve exchanged contracts on three houses for three separate clients! A 3 bed house in West Drayton, minutes from Cross Rail and in a lovely residential street this will be a super home for a young client who has been looking for the right thing for nine months. With […]

Lights, camera, action!

Lights, camera, action!

If you ever wondered what two middle-aged white property men might talk about in a pub then here’s the answer. 25 minutes in the company of buying legend Phil Spencer chatting about how I got into the business and how of course I’m really just following in his footsteps. For more information about Phil’s really useful buying advice site visit www.MoveIQ.co.uk

Market update

Market update

The Average London house prices up 53% on January 2008 vs a UK average of 24%. Also evident is the flattening in London from mid(ish) 2016 followed by falling prices from mid(ish) 2018 but.. How have house prices done since 2008 once you factor in inflation? Answer, they have actually 𝐟𝐚𝐥𝐥𝐞𝐧 by 6% across the UK whilst in London they have risen but ‘only’ by […]

Should we wait?

Should we wait?

There are lots of icebergs bobbing about in the property ocean just at the moment, uncertainty is all around and as everyone knows, like all markets the property market hates uncertainty. We’ve got; The prospect of a new Prime Minister, a more certain Brexit date of the end of October with even the threat of crashing out. We have the prospects of a General Election […]

Insurance

Insurance

Buying a home is expensive, things can go wrong so I always recommend to clients that they consider Homebuyer Protection Insurance. 30% of agreed sales fall apart – gazumping for instance is making an unwelcome return. There are a range of benefits which you may find reassuring from £45. There are a number of providers but one of the easiest is via HomeOwners Alliance.  If […]

BBC You & Yours

BBC You & Yours

One possible solution to the housing crisis? My comments on a scheme devised by a house builder in Essex that provides ‘Almshouses for the young’. Affordable rents for nice homes plus enforced saving towards a deposit. Something that Community Right To Build could help other communities to do – if they wanted to.

There is a market

There is a market

Sales agreed this week for two clients confirms that there is a market and that you can buy and sell if both parties want to. On Tuesday terms were agreed with Knight Frank in Cobham for the purchase of an off-market home that my clients had waited four months for. Agreed below the £2.35m asking price we’re now waiting for the bank to pull their […]