…and the three reasons why it will not be the catastrophic scenario some are predicting In the last few months, the Faversham (and UK) property market has resisted and flouted every economist’s prediction. With the economy a shadow of its former self, unemployment set to hit 11.9%, the Government on track to borrow nearly halfContinue reading “Will the Faversham Property Market Crash in 2021”
Category Archives: Uncategorized
The 2020 Review of the Faversham Property Market
Looking back at the Faversham property market for 2020, it certainly can be seen as a frenetic game of two halves, albeit with a very long half time in the spring. Between the General Election in mid-December and Christmas, many Faversham agents saw an unusually higher uplift in activity in the property market just asContinue reading “The 2020 Review of the Faversham Property Market”
As Sittingbourne First-Time Buyers are Being Locked Out of the Sittingbourne Property Market –Rents Have Risen by 2.8%
With the banks reducing the number of low deposit mortgages (i.e. deposit of 10% and below) since Covid-19 hit in the spring, this has meant that the number of Sittingbourne first-time buyers has been decreasing quickly, meaning many of those would-be Sittingbourne buyers wanting to make the first step on the Sittingbourne property ladder will stay inContinue reading “As Sittingbourne First-Time Buyers are Being Locked Out of the Sittingbourne Property Market –Rents Have Risen by 2.8%”
Each Faversham Landlord Could be Hit by a £25,425 Bill
… and the 5 ways on how all Faversham landlords can escape the worst of the coronavirus downturn on their Faversham rental property. With the second lockdown starting on the 5th November 2020, does this mean Faversham landlords can wave goodbye to their Faversham buy-to-let investment and see it go up in smoke on theContinue reading “Each Faversham Landlord Could be Hit by a £25,425 Bill”
Sittingbourne House Prices 2021:
What will happen to the value of your Sittingbourne home next year? What will a no deal Brexit on the horizon, the end of the stamp duty holiday in March, mortgage payment holidays coming to an end, unemployment set to rise after furlough and ongoing on/off coronavirus restrictions do to the Sittingbourne property market andContinue reading “Sittingbourne House Prices 2021:”
3 Reasons That Will Make You Want to Stop Being a Faversham Buy-to-Let Landlord
….and the six reasons that will make you want to become one The buy-to-let market in Faversham is about to enter a challenging 12 to 24 months. Yet by looking back at the last recession and what is happening now, there are vital lessons all Faversham landlords can learn to protect themselves, and in factContinue reading “3 Reasons That Will Make You Want to Stop Being a Faversham Buy-to-Let Landlord”
Why are Some Banks Reining in Over-Enthusiastic Sittingbourne Homebuyers and Buy-to-Let Investors?
The Sittingbourne property market is an enigma and chock-full of contradictions. Notwithstanding an economic recession and forecasts of property values dropping, nobody seems to have informed the Sittingbourne homeowners selling their homes and those Sittingbourne people looking to buy them. As I have discussed in many recent articles on the locality, the Sittingbourne property marketContinue reading “Why are Some Banks Reining in Over-Enthusiastic Sittingbourne Homebuyers and Buy-to-Let Investors?”
Faversham 2nd & 3rd Time Buyers Finding It Tougher (and Slower) to Move Up the Faversham Property Ladder
Post lockdown, the need for Faversham families who want bigger homes has meant Faversham homebuyers must now to pay considerably more to trade up to that larger home… One thing that has come out of lockdown has been the inexorable movement of Faversham households wanting to upsize to a larger home. Often considered to beContinue reading “Faversham 2nd & 3rd Time Buyers Finding It Tougher (and Slower) to Move Up the Faversham Property Ladder”
Sittingbourne’s ‘Generation Rent’ to become ‘Generation Buy’?
Boris Johnson has attracted both praise and horror in equal measure with a new plan for 95% mortgages to help beleaguered first time buyers to get on the property ladder, but would that expose UK taxpayers to too much risk? In this article I discuss the implications of what that would mean both nationally andContinue reading “Sittingbourne’s ‘Generation Rent’ to become ‘Generation Buy’?”
Faversham Homebuyers Have Saved £52,970 Thanks to the Stamp Duty Holiday – Yet Many Could Miss Out
Faversham homebuyers and Faversham landlords purchasing residential property have saved £52,970 since the Chancellor reduced stamp duty on 8th July 2020, yet many more Faversham homebuyers could miss out. My analysis of properties sold in Faversham from the Land Registry between the introduction of the stamp duty holiday on 8th July 2020 and 14th AugustContinue reading “Faversham Homebuyers Have Saved £52,970 Thanks to the Stamp Duty Holiday – Yet Many Could Miss Out”
swalepropertynews.com 