A recent Hometrack survey shows that 373,000 property transactions have been stalled as a consequence of the current lockdown, worth about £82bn
Interesting times. Currently, we are being fed information regarding something we cannot see or have a grip off. Therefore, we are lapping up all we are fed. Even the official narrative does not make sense, even within its own narrative.
A contact of mine purchased a place of worship classified under usage F. It was in North West London. Not a particularly attractive building, two stories, with no outside space, bar a couple of car parking spots, in a not so attractive location,...
1. a system of religious veneration and devotion directed towards a particular figure or object.2. a person or thing that is popular or fashionable among a particular group or section of society.
It’s not easy to find a margin in property deals, as information is abundant and there are no barriers to entry. On top of this, there is a strong faith in the UK property market, more so than most countries.
We are in the midst of closing a deal which is a shop and uppers; it’s seconds away from a train station, which is always a good thing. This will ensure minimal void periods. The area is very patchy, one can see it was very dominated with immigrants...
We are doing a mortgage for a client who agreed the deal a few months ago; the deal was done on a five year fixed rate, to give the client some security.
A client has approached us with the idea of remortgaging his residential property in order to purchase another on a BTL basis. He also has about £100K in the bank, not doing very much.
Last week we registered to bid at an auction; cleared all the anti money laundering requirements, signed the terms and paid the deposit. Very different to a decade ago when you could rock up in a cab, wave your umbrella, and even pay the deposit...
The recent rate rise, from 3.5% to 4%, has prompted many to now opt for a longer term fixed rate. My perception is that this was never a temporary blip, the economy simply settling down; I think rates will rise and continue to rise, therefore...
As time has gone on there has been an agenda to wipe out cash from the system; this has been so it, and we, can be controlled. As a consequence of this so much is now transacted online and cybercrime is rapidly on the rise. Online no cars, arms,...
The art world has a reputation of being under handed. There is no regulation in this market, the price of a picture is not even quoted.
