A £3.5bn shared-equity scheme, effectively making available a 20% loan on new-build properties with a value up to £600,000, for all buyers, not just first-time buyers, and without an income threshold for eligibility (unlike previous schemes). Bank of England-guaranteed £130bn of new mortgage lending, for three years from 2014, in the form of [...]
Minus the ‘Celtic tigger’ – bouncy Declan Curry I was the guest of suave Philip Hampsheir doing his first Your Money. A chat about Halifax research on the troubles experience by ‘second-steppers. On average, second steppers have already had their home on the market for seven months, whilst one in eight (12%) have also previously [...]
On the 5th March I was invited to make a presentation to around 200 members of the Landlords Alliance at the Ismaili Centre in South Kensington. A polite and generous group of investors – some with just one others with a portfolio of properties. Lucy Morton, ex-president of ARLA and senior partner of WA Ellis along [...]
A quick, informal chat to Adam Parsons on BBC News and then an hour long phone in on You & Yours on Radio 4 with housing minister Mark Prisk and Housing Federation’s John Stewart. Expertly run by Winifred Robinson the topic was ‘the housing market’ with bumper profits reported by Persimmon yesterday and Bovis today, [...]
“It doesn’t really matter how you judge them, London house prices seem to go up and up and when it comes to London property most estate agents would prefer you to use a ruler measured in feet – just like altitude! Prices have reached dizzying heights accessible only the the likes of Felix Baumgartner with [...]
Back by popular demand, an update on the top sales & letting agency Tweeps compiled with the help of @PeerIndex. Surely you’re in the top 531…. [If for some strange reason you are missing from the list either tweet some more interesting stuff so I notice you or cheat, go to the PeerIndex site, make [...]
I’m currently fully retained by buyers looking for the following property;- A ‘smart’ 5/6 bed house within 3/4 hour of Hertford done to highest standards. Spacious rooms, period look/feel. Would spend up to £7m for the right thing. Two x 2 bed flats in London up to £500k each as investments to let [...]
Some people collect stamps, I collect data on the housing market. Imagine how bullied I am! I collect data published by the Land Registry, Rightmove.co.uk, Halifax and the Office for National Statistics and bring them together once a month to help give a clue on the trends on asking prices, sale prices and transaction volumes. [...]
A trip to Salford Quays to chat to Steph McGovern about the market and a look at the latest numbers from the Land Registry. Big hair and blue socks seemed to be all anyone can remember about it afterwards. Time to book a haircut.
You can use ‘yield‘ as a way to compare different classes of assets so that you can decide which to invest in and how one is performing against another. The ‘yield’ on a share is the dividend that the share pays. The yield on a deposit account is the paltry rate of interest that the [...]
Young trainee estate agents are told that there are three sources of business for their firm – death, debt and divorce. Of course death comes to us all eventually and with it comes a sale. Sometimes it’s before as people ‘down-size’ to something more manageable, often afterwards as the home is sold by beneficiaries. Debt [...]
Listen first to review of 2012 of Northern Irish & Scottish housing markets with Simon Jack earlier on Today Program with some scary details of just how tough these markets are. Then listen to my Today Program interview with summary of the UK market for guest editor Al Murray (pictured in the studio below).
Latest figures released by the Bank Of England show the continuing efforts being made by households to pay down debt. Housing Equity Withdrawal (HEW) in Q3 was £8bn. HEW is the amount of money borrowed against property but not used for the purchase of property – it is an important if overlooked barometer of the [...]
I’ve always said that the reason I am fortunate enough to get so much airtime is that (a) I am always available, (b) will turn up when I’m required and that (c) I will mind my p’s and q’s on air. If I say something interesting then frankly that’s to be regarded as a bonus. [...]