Reviewing property news that caught the eye

2015 is almost at an end and during that time and as in preceding years, we have tried to produce interesting articles and helpful information about the property market and related businesses and professions. Some ideas for our regular blog are original and others developed from...


MMR—the unintended consequences, but at last someone is listening.

Ministers are to consider a suggestion that mortgage criteria should be portable. A letter from a well known estate agency figure has drawn a positive response from the Treasury. The reply is from Alison Wright, ministerial correspondence manager at HM Treasury, after...


Optimism and hope yes, but some things won't change unless?

Are things finally going to change for the better in the world of UK housing? Chancellor George Osborne certainly says that they are. In his autumn spending review he announced plans to “end the crisis of home ownership in our country.” Fine words, but what do they...


Yet another reason to buy or not to buy- apparently!

As many as one in three would-be buyers or renters regard good mobile telephone coverage as a major influence on their decision making. A recent survey by a company that provides independent mobile phone analytics - shows that 34 per cent of buyers and renters regard good phone...


Right sizing, right placing, right timing

We hear so much about up-sizing and down-sizing in the property market, but perhaps now especially, the correct thing to do is right-size. That is to live in the space which suits you best. Today it is not always sensible to rattle around in a huge family house when the children...


Do longer viewings really mean lower offers ?

An unusual, but large-scale piece of research suggests that older buyers are more likely to take their time viewing a property - and  those who spent more time viewing were also more likely to pay less. 1,990 members of the public were surveyed about their experiences of...


Gazumping is back, say some conveyancers.

The UK’s largest conveyancing firm has confirmed a rise in gazumping, saying that just over a quarter of conveyancers have seen instances where a new buyer gazumped the original purchaser during June, July and August. The firm also says that 36% of conveyancers have seen...


Here’s an interesting concept- Love your agent!

An interesting piece has been written from within our profession, albeit somewhat tongue in cheek, which says people often blame estate agents in the same way that they shoot messengers. When their property dreams don’t materialise, who else do they have to blame? Given...


Luxuries come before saving for a deposit--apparently!

Smartphones, satellite TV and holidays were among the things first-time buyers said they would not be prepared to give up in order to save to get on to the property ladder. In a recent survey by a Welsh building society of 1000 people across England and Wales who are saving for...


The Autumn market and lessons from the past

Mortgage lending at its highest in seven years’, ‘House prices jump 4.3% in the three months to July - the highest quarterly growth for 11 years’, ‘Rents across England and Wales rose faster in July than in any month since records began in 2009’. All...


Are house prices up or down?

A new report states that house prices rose by 5.7% in the year to June to stand at a UK average of £277,000. The average “mix-adjusted” price in England was £290,000, £169,000 in Wales, £154,000 in Northern Ireland and £192,000 in...


Give buyers at least 30 seconds!

A recent small online survey apparently suggests that buyers decide whether they want to own a home within 30 seconds to five minutes of starting a viewing. The study suggested that the old clichés were in fact true - cleanliness, smell and fresh flowers were crucial in...


Monthly transactions reach 100,000

There were 114,780 residential property transactions in the UK last month, HMRC has reported. The figure differs from the ‘seasonally adjusted’ figure of 104,590 which is often quoted by the media. However, we prefer to quote HMRC’S non-seasonally adjusted...


Property prices pass peak eight years on

A recent report suggests that house prices are now exceeding their last peak in 2007, before the housing crash and our own figures support that view and separate data appears to show that fewer people are buying with mortgages. According to the Council of Mortgage Lenders, there...


Sometimes it just happens!

It was two hundred years ago when Napoleon met his Waterloo – at Waterloo. Meeting one’s own Waterloo comes to all of us from time to time. I can think of many occasions in property when deals have gone sour, buyers have faltered leaving sellers angry  or...


Demand for homes continues

Demand for homes last month hit an eight-month high according to the National Association of Estate Agents, but as individual agents have been reporting for many weeks, supply is still low and the numbers of homes coming to the market have not recovered from the general election...


Help to Buy is working well

Help to Buy schemes have created 131 new home owners every day since April 2013, according to the latest figures to be released. Housing Minister Brandon Lewis said that the data shows Help to Buy is an important part of the government’s efforts to ensure anyone that works...


Just twenty words from the Queen's speech about housing

The Queen has never had to be too concerned about her own housing. Of course Buckingham Palace was bombed during the war and there was that dreadful fire at Windsor Castle in 1992 – her annus horribilis, but there is clearly no shortage of royal accommodation, so housing...


Property transaction increase post election? - Not unexpected

The true impact of the election on the housing market has been revealed as the latest government figures on house transactions, show a 3.4 per cent drop between March and April and a 5.6 per cent drop over the past year. That's transactions, not prices. Only a few weeks ago...


Friday completions-- Is there a better day?

A client once told a solicitor that they had a legal obligation to complete on a Friday. I don’t know where that piece of property law came from, but there are times when it seems to be the case although clearly  it is not. Often the reason for completing on a Friday...


How will the property market react?

Now we have a new Government, well the same Government actually, just without a coalition. So what will happen to the property market now?  We predict a rise in demand and a rise in prices, not always a good thing for some, but market forces tend to take over. We do know...


Decision day-- How will the property market react?

Many weeks ago voters had probably  made their thoughts and actions known. Or at least those who had anything to do with buying property had. The political parties had been trying hard to woo the electorate with a plethora of housing-related inducements. But did they really...


The 7th May cannot come soon enough

Less than one week to go and election fever is in overdrive. Promises and pledges from all parties and the property market is very much in the front line. Topics include more general and social housing,  new homes allocated to first time buyers, mansion tax, longer rental...


When is an estate agent not an estate agent?

Well, according to one recent and particularly glowing review from an on line comparison site,  the terms “move counsellors” or “moveologists” are more apt, suggesting a certain amount of mastery of the profession. We think “moveologist&rdquo...


Do without a garage--okay, but a kitchen?

First-time buyers keen to get on to the housing ladder are willing to make compromises about their first home – including having no natural light and no kitchens. Apparently recent research found that 11% of first-time buyers felt kitchens were not vital in a new home...


April showers?

The property market is sometimes like the weather. Some days it is fine and other days it rains. Occasionally, it really doesn’t know what it’s doing. The market is a bit like that at the moment. Just when it looks as if there is no momentum, there is a surge of...


Six years shaved off age of first time buyers

A government initiative aimed at getting first-time buyers on the property ladder has shaved six years off the age at which people can afford their first home. According to analysis of official data by the Mortgage Advice Bureau, the average age of people who bought a home in...


Lies, damn lies and statistics

As the General Election draws nearer and we head for political exhaustion long before Polling Day on May 7, this old saying will ring true many times over, but that doesn’t mean statistics and surveys can be ignored, just treated with a touch realism. Apparently, a recent...


On the market with "OnTheMarket.com"

There is a very exciting development for the property market and Martyn R Cox & Co has supported the concept since it was first conceived back in 2011. The portal OnTheMarket.com is run by Agents’ Mutual, which is made up of a membership of over 2,000 estate agency...


Which part of Witney suits your character?

Regardless of crime and income levels, people are happiest in an area that matches their personality claim researchers in a recent report about living in parts of London. For a light hearted start to the year we could consider Witney in the same way, although we will leave you...