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Showing posts from June, 2011

Happy Sellers and Buyers!

I just had to display this for everyone to see! Yvonne has been very stressed during this transaction so conveyancing solicitors will need to bear with her... Sent: 16 June 2011 18:15 To: Barbara Harding Subject: re our exchange Thank you to you and David for the little extra support you gave me latterly in the process it was much appreciated.  We were afflicted with just about very problem you can get in a conveyance..except someone dropping down dead !  I dont know that everybody knows everything which gummed up the works along the way but certainly I now have a very clear idea of what is good and bad in legal and estate business.  YOU and Barbara Brooker were great and even a Hertford estate agent I met on the way called Senel Ibrahim (of Lanes) rang me up at intervals to ask how we were getting on..we were hoping to buy in Hertford initially but the properties went up too much in price. In theory every property should have its own  one to one manager 24/7 but in p

Fwd: HomeLet launches most comprehensive report on rental market

Sent from my iPhone Begin forwarded message: From: "HomeLet" < info@homeletnews.com > Date: 9 June 2011 18:15:46 GMT+01:00 To: < david@clarkhomes.co.uk > Subject: HomeLet  launches most comprehensive report on rental market Reply-To: "HomeLet" < info@homeletnews.com >         Be streets ahead of everyone! Find out all the facts, figures and trends of the lettings industry available nowhere else in the UK. Our RPI is the biggest and best in the country, and the only one to show such detailed lettings industry information. It highlights: The number of tenants in 11 UK regions Whether tenants are male or female What type of property they used to live in Monthly change in rental prices Change of regional rental prices The data has been gathered from over 3,000 of HomeLet’s letting agents nationwide â€" far more robust than any other RPI currently on the mar

£10 Billion of Public Land up For Grabs to Combat Housing Shortage

In a report in today’s Times it was reported that 1000’s of acres of public sector land that is deemed surplus near hospitals, schools and military bases must be identified by the autumn of this year to enable a potential sell-off. Part of the proposal is a ‘Build Now, Buy Later’ plan whereby developers can pay for land once homes are completed. It is not clear in the article whether this means physical build completion or legal sales completion. The only way it would help developer/builders with a cash-flow problem is if it were the legal sales completion where money changes hands from buyer to seller. Let’s just look at the ‘headers’ again: ·          Housing Shortage ·          Surplus Land ·          Developers/Builders with cash flow problems. There is a housing shortage that is true. It was talked about before the more recent implosion of the financial system that helped create the current recession that has in turn caused a house price correction. House builders will not bui

House builders discuss 95% mortgages with lenders

So the house builders and the lenders have had a meeting to discuss how they can create 95% mortgages. Basically a good thing, as you would imagine most estate agents would say. But what proportion of the housing Market is represented by new homes sales to first time buyers? Also any first time buyer who purchases a new home is then a cost to the second hand Market of who knows how many sales! If I think back 30 years my wife and I as first time buyers were providing a deposit of 10%. To do this we sold her car, saved up by not going out as much and generally committed ourselves to the task of buying our first home together. Ah, you might say, but house prices were so much cheaper then. True but my salary was just under £2,000 per annum with the prospect of perhaps another £1,000 in commission from selling at lease 6 houses per month personally. The first 4 didn't count towards commission but were to cover my costs to my employer! I personally don't think 95% mortgages are