Following the Mortgage Market Review by the Financial Conduct Authority, the process of getting a mortgage is likely to get harder with potentially less money available to people to borrow. The new rules are designed to protect borrowers from taking on more debt than they can afford and lenders will
ARLA report shows reluctant landlords may become a thing of the past Association of Residential Letting Agents (ARLA) research reveals that the number of people letting out properties because they have been unable to sell has dropped to a record low. According to ARLA’s latest quarterly report, the percentage of
With the average house price in the UK being £254,000 and £500,000 in London, the average salary of £26,500 isn’t anywhere near enough to cover buying a home. Even if you go in with a partner earning the same, there is still around a £50,000 deposit required get a mortgage.
In 2013, just under 40,000 tenants were evicted from their homes by court appointed bailiffs according to the Ministry of Justice. This is the highest number since records began and is exasperated in London where rents are rising faster than wages. If people lose their jobs or their unsustainable lifestyles
With just under 8.2 million people squeezed into 606 square miles, London is one of the most populous places in the UK and 24th in the world. All these people need a place to live. London is often in the top 5 of the world’s most expensive cities to buy
The London estate agent Homefinders has been named amongst the best in London by industry experts AllAgents.
The largest directory and review website for the property industry, AllAgents is a professional rating engine. It has named two of the Homefinders branches as being amongst the best in their area for
A property consultant called CBRE has recently published a report listing London’s property hotspots for investment. Factors such as population increase, new infrastructure projects and regeneration were taken into consideration to work out which areas would offer the best return. Top of the list is our very own Hackney. Having
Not so long ago the governor of the bank of England, Mark Carney, said that interest rates would not rise until the unemployment rate hits 7%. At the last count it had gone down to 7.4% and all indicators point towards a continuing decrease. When unemployment does hit 7%, this
A year ago the government launched an initiative for householders to improve the energy efficiency of their homes and hopefully save money through loans to install measures such as insulation, heating, draught proofing, double glazing and renewable energy such as solar panels. Has it been worth it? No seems to
The opportunities opened up by technology in estate agency have been enormous, yet many local agents simply use their website as a glorified shop window. Like any agency window, the properties displayed need to be regularly updated and presented in a way that inspires buyers to take things further. But
There is a strong argument for creating maximum exposure for a property during its time on the market, and much of our effort and resources are spent achieving the right exposure in the right places. However, one of the most powerful ways of securing a fast sale at a high
You may have noticed that we are among the first local estate agents actively to use QR (Quick Response) codes, and with good reason. A QR code is the increasingly familiar black and white square matrix you see alongside our property adverts and window displays. As progressive estate agents we
