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.
We had an interesting couple of cases yesterday; both where time was of the essence. One case was about a property which was involved in a family dispute. The property had been transferred into a family member’s name, so that it could be used...
Recently, we were introduced to a client who requires a mortgage for a large transaction in Central London, of £6M. He has a couple of BTL properties in the background, which he accumulated by each time upgrading his residential home. I think...
We are in an inflationary environment; this means the real purchasing power of money is decreasing every day. Currently, they say we are at 9.1%, the highest in 40 years. However, there are many metrics to measure inflation, and within this...
We are on the edge of completing a commercial refinance deal for a client. The property is worth about £4M; it was a complex valuation, and the valuer needed to be guided very carefully in the matter. Valuating a building is not as easy as...
Some time ago we were focusing on an auction deal which came up in Harrow & Wealdstone.
I recently met an estate agent in Bayswater, who I have known for well over a decade. He has an issue which I suspect many readers have as well. During the course of his business he has built up a small but respectable portfolio of 5 properties;...
We have a client who wishes to purchase another BTL property. She currently has one which she is generating an income on via Air BnB. The property happens to be close to the Harry Potter studio, it generates higher than normal rental income. ...
A first time buyer approached us for a mortgage. This was easy enough to place. She wanted a five year fixed. The only point of concern was the expectation of rates to be rising. So, the trick was to try and lock in the current rates, either...
Currently, pockets of the central London market are heated up; there is a real lack of supply and heated demand. This leads to higher prices and a scurry to grab properties as soon as they hit the market.
There was a property which we had been circling for a while. It was guided at £750K, consisting of two commercial units and three flats above. It failed to sell in an auction, which is never good. I think they had pitched it wrong. It had...
