Faversham Homeowners to be Made Homeless?

The number of properties for sale in Faversham has fallen by 44% since this time two years ago (October 2019). One of the reasons is that many Faversham buyers feel overwhelmed and fearful they will be made homeless if they sell their home and can’t buy another. So, I have decided to look again atContinue reading “Faversham Homeowners to be Made Homeless?”

Faversham Buy-to-Let Market on the Rise as Returns Rise by 41.7% in 5 Years

Faversham landlords are becoming progressively more self-assured about expanding their rental portfolios; as Faversham rents rise, mortgage interest rates fall and demand for decent Faversham rental properties outstrips supply. A number of reports nationally would suggest around a third of UK ‘portfolio’ landlords (i.e. landlords with more than one rental property) are actively looking toContinue reading “Faversham Buy-to-Let Market on the Rise as Returns Rise by 41.7% in 5 Years”

Why Are More Sittingbourne OAP Homeowners Deciding Not to Move Home?

A recent report by Legal & General stated that, since the pandemic, many older homeowners had put their plans to move home ‘on ice’. It said that fewer OAP homeowners are planning to downsize from their large family homes after the pandemic made them realise the actual value of their local community and space.  Historically,Continue reading “Why Are More Sittingbourne OAP Homeowners Deciding Not to Move Home?”

Faversham Homes Asking Prices Down 3%

With Rightmove announcing a national drop of 0.3% in average asking prices in August, some are asking if the steam has been let out of the property market. Yet with the gains we have seen in the last 12 months, is this just a minor bump in the road? Alarm bells normally ring when newContinue reading “Faversham Homes Asking Prices Down 3%”

Sittingbourne Homeowners Have Turned to the Rental Market to Cash in by £12,200 Each

Should you sell or should you buy in this most interesting Sittingbourne property market? I have calculated that at least 77 Sittingbourne house sellers have rented a home to break their house chain in the last 12 months, although at a cost as they face paying many thousands of pounds in rent.  There are aContinue reading “Sittingbourne Homeowners Have Turned to the Rental Market to Cash in by £12,200 Each”

How Many Days Does It Take to Sell a Faversham Home?

Whether you are a Faversham homeowner, first-time buyer or landlord; the last 15 months has been a roller coaster ride when it comes to the Faversham property market. With 213,120 UK house buyers and 58,580 UK tenants moving home in June, the summer has been manic for many people. Meaning some Faversham homeowners are askingContinue reading “How Many Days Does It Take to Sell a Faversham Home?”

Only 1 in 13 Sittingbourne Properties are Bungalows, Despite an Ageing Population. Why?

The bungalow is a building that has represented a more leisurely, gentler way of life since the early 1900’s. Bungalows have been sold as an aspiration for those about to retire, saving them the annoyance of having to climb stairs. With an ageing population, one would think they would be building more bungalows, yet nothingContinue reading “Only 1 in 13 Sittingbourne Properties are Bungalows, Despite an Ageing Population. Why?”

Faversham’s Love (and Hate) Affair with the Semi-Detached House

The Semi-Detached House – the icon of middle-class aspiration, the pinnacle of liberalism yet at the same time compromised individuality, the ‘semi’ as it is colloquially termed is, for many Faversham homeowners, the highpoint of modern domestic bliss. Britain’s gift to architecture is the humble ‘Semi-Detached House’. This type of property has been exported aroundContinue reading “Faversham’s Love (and Hate) Affair with the Semi-Detached House”

Sittingbourne Home Moves Hit Record High in June

as 150.6% more people sell in June compared to the Sittingbourne area 10-year average June 2021 was the busiest month ever for UK estate agents, home removal companies and conveyancers since monthly records began, as HMRC logged 213,120 residential transactions in June, a jump of more than 216% nationally on the same month last yearContinue reading “Sittingbourne Home Moves Hit Record High in June”

Why Savvy Faversham Buy-to-Let Landlords Don’t Use 10 Year Mortgages

And the reason you shouldn’t either I know of many Faversham buy-to-let landlords who fell into property investing by accident. Many didn’t want to sell their family home when the Faversham housing market crashed in the Credit Crunch of 2009/10, yet still needed to move (often for work). They thought they would keep their FavershamContinue reading “Why Savvy Faversham Buy-to-Let Landlords Don’t Use 10 Year Mortgages”