Don’t give up!

Don’t give up!

Buying a new home has the reputation for being as much fun as bereavement or relationship breakdown. Having to deal with huge amounts of money, people letting you down, having to do much of the work yourself and the nagging worry of Brexit or of a Corbyn-led government makes many people consider renting or just staying put. But courage, there is a market and for […]

“Let’s be clear: we’re not selling anything at asking price.”

“Let’s be clear: we’re not selling anything at asking price.”

A great article by Hugo Cox in the FT this morning may be of interest to anyone thinking of buying or selling and it goes a long way towards explaining whats happening not just in London but more widely across the South East. What is happening here now is what I think many other areas can expect in 2019. The FT operate a paywall so […]

Buy-to-let and tax

Buy-to-let and tax

I’d like to share a really useful and unusually clear note from St James’s Place Wealth Management that I was sent this week. It answers a question I am often asked – “what’s the situation with buy-to-let and tax these days?”. I hope you will find this as helpful as I have;- WHAT IS STAMP DUTY LAND TAX? Stamp Duty Land Tax is payable on […]

Nothing to see here?

Nothing to see here?

The Halifax (part of Lloyds Banking Group) have declared a drought – “Fewer homes have been on the market in 2018 than in any year of the past decade”, the UK’s biggest mortgage lender has said but is this the whole story and does it matter?  As I often remind people, always look at whose data is being used or quoted in a news story […]

Summer deals

Summer deals

I managed to fit in two weeks in Umbria in August, my first break for two years and as always, I spent hours trying to work out how I could commute from Perugia to Stansted on a weekly basis and what the benefits would be – hard or soft Brexit. What passes for normal service has now resumed but in many ways it didn’t actually […]

Prime London properties are selling with an average ‘discount’ of over 11%

Prime London properties are selling with an average ‘discount’ of over 11%

It’s still a buyer’s market for luxury London property, says Coutts Bank, but the market has ‘stabilised significantly’ & ‘could be levelling out’. Research out from Coutts Bank using Lonres data suggest that property prices in prime London continued to fall in the last few months – but that the rate of decline seems to slowing. “Current conditions [in the prime London property market] may be beneficial for […]

Help to start up as a buying agent

Help to start up as a buying agent

More and more people are looking at setting up as buying agents and for good reason. A canny buying agent can earn £125k+ a year and gets to help people find their dream homes. Getting going can be complicated and a little daunting at times but whether you want the flexibility of being self-employed or the buzz of doing the deals there are certainly less […]

You & Yours – taking the temprature of the London market

You & Yours – taking the temprature of the London market

Mike Young speaks to Marco and Sinead, two people selling up in London. How is the Capital’s housing market and how have they done since they each bought five years ago. Warning – contains comments from me!  

Buy-to-let landlords face falling yields.

Buy-to-let landlords face falling yields.

I came across a great research article from Lawrence Bowles at Savills Research earlier this week which I think is worth sharing. As I explain to most new clients, ‘yield’ is vital when understanding the relative merits of an investment and enables us to compare one asset class with another. In general, with your money safe and usually instantly accessible a bank deposit account will pay […]

What’s really happening to the housing market?

What’s really happening to the housing market?

  It’s not easy to take the temperature of the UK housing market. For starters the ‘average’ house price is pretty useless in a market that varies from Parish to Parish. What is happening to prices in Mayfair isn’t really that relevant or connected to what might be happening in mid-Wales. Each of the monthly indices measures a slightly different basket of properties and at […]