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PORTSMOUTH RESIDENTIAL MARKET REPORT – FEBRUARY 2020
Welcome to the February market report, where we cover the following topics. Portsmouth Homeowners £1,047,060,300 Windfall Since 2014 In the latest, and most recently published, set of UK mortgage data (for the month of November 2019) 18,470 pound-for-pound re-mortgages were made (i.e. the borrower went from one rate to another with no additional borrowing). Looking […]
What is going to happen to Stamp Duty on 11th March?
If you are buying a home in England costing more than £125,000, you will have to pay Stamp Duty Land Tax on the purchase of your new home. In the provinces, it’s called something slightly different, so if you are buying a property in Scotland over £145,000 you will pay Land and Buildings Transaction Tax […]
The ‘Account Manager’ approach to Estate Agency
As an industry, Estate Agency has one of the poorest reputations when it comes to perception of service and value for money. It can be so painfully frustrating to deal with estate agents whether you’re a seller, buyer, tenant or Landlord. The reason for this is that there is no common theme throughout the customer […]
Bristol Homeowners £3,862,014,900 Windfall Since 2014
In the latest, and most recently published, set of UK mortgage data (for the month of November 2019) 18,470 pound-for-pound re-mortgages were made (i.e. the borrower went from one rate to another with no additional borrowing). However, since the 1970’s, the British have seen their homes as cash cows and cash machines, with many homeowners […]
Bristol Landlord’s £71.1m Tax Bill
I am asking Kerry McCarthy, Darren Jones, Karin Smyth and Thangam Debbonaire the Labour MP’s for Bristol to remind the Chancellor Sajid Javid and Prime Minster Boris Johnson to use their persuasive skills to highlight and take a more holistic approach and attitude to the private rented sector and tackle issues which affect a Bristol landlords’ […]
Portsmouth Homeowners £1,047,060,300 Windfall Since 2014
In the latest, and most recently published, set of UK mortgage data (for the month of November 2019) 18,470 pound-for-pound re-mortgages were made (i.e. the borrower went from one rate to another with no additional borrowing). However, since the 1970’s, the British have seen their homes as cash cows and cash machines, with many homeowners […]
Portsmouth Landlord’s £32.5m Tax Bill
I am asking Penny Mordaunt and Stephen Morgan the Conservative and Labour (respectively) MP’s for Portsmouth North and Portsmouth South to remind the Chancellor Sajid Javid and Prime Minster Boris Johnson to use their persuasive skills to highlight and take a more holistic approach and attitude to the private rented sector and tackle issues which affect […]
Bristol Property Market … the Rollercoaster of the last Decade
Ah the 2010’s, the tens, the teens – I am not sure what we are supposed to call the decade that has just gone. No matter what it was called, the last decade was a tough one, so does it really matter that we never really got around to giving it a name? Some might say, […]
Will There Be a ‘Boris Bounce’ For the Bristol Property Market?
The Halifax announced in early January that there was a Boris Bounce in the national property market as they stated national property values soared 1.7% in December 2019 – the biggest rise since the 1.9% month on month rise in February 2007 (a few months before the Global Financial Crisis aka the Credit Crunch). Get […]
A decade in the Portsmouth property market
What has happened to the local Portsmouth property market in the last decade? The average Portsmouth property has risen in value from £165,400 to £240,900 in the last 10 years … meaning each Portsmouth homeowner has seen a profit of £145.19 per week for those last ten years. Rolling the clock back to the start […]
Is the Portsmouth property market bouncing back?
The Halifax announced in early January that there was a bounce in the national property market as they stated national property values soared 1.7% in December 2019 – the biggest rise since the 1.9% month on month rise in February 2007 (a few months before the Global Financial Crisis aka the Credit Crunch). The Halifax […]
NEW EPC REGULATION CHANGES FOR PORTSMOUTH LANDLORDS
The vast majority of Portsmouth landlords are, by now, acquainted with the legislation that came into force on the 1st of April 2018, that means all new and renewed private tenancy agreements must have an Energy Performance Certificate (EPC) rating of E or above, otherwise it would be illegal to rent the property out (EPC […]