Author Archives: swalepropertynews

All the signs are that the Faversham housing market is sat on good foundations, yet one key hazard could still scupper the market. ‘UK Property Prices Rising at Record Levels’ is the headline of many newspapers. In the last few weeks, the Halifax reported they had grown by 6.5% in the last 12 months, whilstContinue reading “Will the Faversham Property Market Continue to Boom?”

… as Sittingbourne first-time buyers now only need a 5% deposit for a mortgage. Sittingbourne landlords, sell your property portfolios, your tenants will soon be leaving in droves as they buy their first home with the new 5% deposit mortgages backed by the Government’s new mortgage-guarantee scheme revealed in March’s budget! These 95% mortgages areContinue reading “Sittingbourne Buy-to-Let Property Market Going into Crisis?”

As 1 in 10 Faversham homes are selling within a fortnight of coming to market. One of the most astounding things that has happened in the last 12 months was something that did not happen. Even after the country saw the deepest recession since the Great Freeze of 1709 with GDP dropping 28% in oneContinue reading “Will Faversham House Prices Fall in 2022?”

A look back at the Sittingbourne housing market over the last decade With all of us completing the Census, a couple of weeks ago, it made me realise profoundly that mine and my family’s life, which from our own point of view seems unique and delightful, makes us all into a series of statistics forContinue reading “Sittingbourne Property Market: 2011-2021”

Has there ever been a better time for Faversham home sellers? The Faversham property market, for people looking to sell, is at its sturdiest for at least the last five years with home buyers jumping onto the Faversham property ladder with abandon. Faversham house prices are anticipated to rise throughout 2021 after the Stamp DutyContinue reading “Faversham Property Market Improved by 49.2% Over Pre-pandemic Levels”

Being a Sittingbourne first-time buyer in the last 12 months has not been an easy thing. Just before lockdown there were 400 ‘5% deposit mortgage’ deals and first-time buyers were able shop around to get the best deal. When the first lockdown hit, 5% deposit mortgages disappeared meaning that as many Sittingbourne would-be first-time buyersContinue reading “Sittingbourne First-time Buyers Can Now Buy Using the Government’s 5% Deposit Mortgages”

… and new 5% deposit mortgages for Faversham first-time buyers The Chancellor Rishi Sunak announced two initiatives to keep the Faversham property market firing on all cylinders into 2021. Firstly, the £500,000 zero-rate Stamp Duty band has been extended to the 30th June 2021. After then it will phase down to £250,000 for an additionalContinue reading “Faversham Home Buyers £1,237,034 Windfall as Stamp Duty Holiday Stretched to September…”

In the last few hours, the Chancellor of the Exchequer, Rishi Sunak, has stated the Stamp Duty Holiday for Swale properties up to £500,000 will be extended from 31st March 2021 to the 30th June 2021; and to ensure we don’t have a cliff edge, from 1st July 2021, the Stamp Duty Holiday will apply only onContinue reading “Lifeline for Swale House Buyers & First-time Buyers”

In Britain, there are 27,071,500 households, of which 17,044,450 are owned and are worth a total of £3,925,865,212,950 (£3.92 trillion). Over the last 5 years, an average of 86,096 properties sell each month, meaning just over a million UK households move home per year. Therefore, the average British homeowner moves every 16 years 5 months.Continue reading “Half of Faversham Homeowners Move Again Within 7 Years and 8 Weeks – Why?”

Over the last six months, the Sittingbourne Property Market has been flourishing. As soon as an estate agents “For Sale” flag went up, neighbours would be checking out Rightmove to see the internal pictures and compare the asking price to their own home (go on … admit you do that too – every Sittingbourne homeownerContinue reading “The Busiest December for the Sittingbourne Housing Market Since 2006”