London

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Measurements to improve affordability for UK houses could include a price freeze for the next five years. This is the main suggestion made by think tank IPPR, the Institute for Public Policy Research, to the Bank of England.

Think tank urges government to introduce five-year house price freeze

The reason is logical and the phenomenon has been happening visibly on the house market lately: easy lending options (offered by banks) influence the house prices. Prices rise and potential buyers need more money… lent from banks. This is a cycle that will keep on repeating itself. Unless the Treasury decides to stop prices from rising.

However, these measures will have a big impact on every potential buyer, but especially on first-time buyers. Details on the article on Property Reporter.

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Are you looking to move to London or elsewhere in London to try to be nearer to some green spaces? Check out some areas of London we’d recommend if you want to be closer to a park. You can have the best of both worlds, with the bustle of Central London and the serenity of a local park both on your doorstep.

 

Camden

Camden is a great area to explore and to live. The thriving town offers a diverse range of street food and odd bits at the market, there are great bars, restaurants and comedy clubs and there’s the well-known ‘Round House’ if you’re a fan of live music. Just ten minutes’ walk, though, and you’ll find yourself taking in incredible London skyline views from the top of Primrose Hill or having a peek into London Zoo from Regent’s Park. This is a gorgeous park to wander around, to feel like you’re in the heart of the countryside.

 

Bethnal Green

Bethnal Green is a great spot, putting you ten minutes on the bus from Shoreditch in one direction and ten minutes in the other direction to the gorgeous Victoria Park. The park offers a large outer track, and Chinese gardens, as well as access onto the Regent’s Canal, giving you plenty of places to explore on a weekend. Victoria Park Village, next to the park, offers plenty of eateries and pubs after you’ve tired yourself out in the park too! In the summer, there are a number of visiting festivals, including Lovebox, All Points East, Citadel and Creamfields. As a cheeky bonus, Bethnal Green sits on the Central Line, getting you to Tottenham Court Road or Westfields Stratford in around 15 minutes too.

Clapham

Clapham has a reputation which precedes it, as a great area for people moving to London. The area offers easy access to Central London on the Northern Line and a lively atmosphere, with plenty of bars and restaurants to keep you entertained. The area also has the lovely Clapham Common, a large expanse offering many exercise classes and a Park Run to local residents. If you fancy more of a wander, you can head down Northcote Road towards Battersea and head over to Battersea Park too. The area is great for those first moving to London – offering a bit of peace away from the city but an environment where you can make friends and socialise easily.

Forest Gate

If you fancy experiencing East London life, Forest Gate is a great option. Sat right outside Stratford, Forest Gate is close to Westfields shopping centre, local bars, restaurants and amenities. Forest Gate is on the train line in to Liverpool Street and close to the tube options at Stratford. As well as this, Forest Gate sits close to the Olympic Park and Wanstead Flats – both lovely green spaces to explore. The Olympic Park is a great space to discover, and you can easily jump onto the canal path here and head up towards Walthamstow.

 

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Anybody having plans to changing the doors this summer? We found a great idea to make them look brand new by using the old doors and just refinishing them.

The complete DIY project in this step-by-step guide on ThisOldHouse:

  1. Remove the door’s hardware
  2. Sand the flats
  3. Scrape the moldings
  4. Hand-sand profiles and clear away dust

  5. Seal door edges before rehanging

  6. Choose a finish and apply first coat

  7. Apply final coat and reattach hardware

Seems easy enough, but it takes some courage to start! 🙂 Best of luck! Show us the result if you do it! Or maybe you have some other secret way of refreshing the doors…???

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Anybody who ever experienced moving houses under a deadline or searching in a critical moment for a roof over their head know the feeling. The feeling of solitude and desolation to be unable to know exactly if and where you’ll rest your head at night.

Right now, there are over 120 000 children in this situation. These are the figures of children living with their families in emergency housing. The real problem is: the number of families living in temporary, emergency, accommodation rose by 500% in the last 9 years.

Temporary or emergency housing is paid by the government. And the yearly sum allocated to solve this problem was of more than £105m/ year in the last 8 years. It sums up to almost £845m of public money.

But the solution to this problem doesn’t stand only in the hands of the government. Landlords might have a win – win solution to the problem of these families if only they would consider reducing or eliminating deposits.

The following article on Property Reporter mentions the problems, but also suggests some very good solving to the housing problem of those in difficulty:

Landlords losing out due to sky high deposits

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Buyers on the property market have incomes ranging from small to… pretty big. No matter the amout of money the earn each month, they shouldn’t be deprived of their desire to have a home.

However, low earners must look for the most affordable options when it comes to city home. Or, the most affordable city…?

Latest research names Glasgow as the best option for low earners. It is the most affordable city in the UK, according to reallymoving.com, and it is followed by Manchester.

More details about who enters the low earns category and the UK cities’ ranking in this article on Property Reporter:

Where is the most affordable city in the UK for low earners to buy a home?

London and Birmingham are together named the most un-affordable in the UK.

The research is based on a comparison between average house prices and the typical earnings.

But don’t be put of by this ranking. There are still great sales or lettings on the property market in London. Just keep your eyes open!

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Starting a new life in a new home is something every young couple dreams for. And Prince Harry and Duchess Meghan are nothing not very far away from this dream also.

They’re starting their life as husband and wife a bit further from the Queen’s place- actually, 90 minutes away from London. US Weekly says they chose the Great Tew Estate in Cotswalds by signing a two-years lease.

Prince Harry And Meghan Markle Apparently Leased A New Weekend Home

In their new home, the couple will be enjoying the simple life of a refurbished old cottage and the company of some very VIP neighbors.

 

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60 Leytonstone Road is a brand new luxury development of stunningly stylish apartments set in the ever growingly popular setting of Stratford City; providing excellent transport links with Maryland and Stratford part of the Cross rail line opening in late 2018. With stunning city views of London.

Stratford is London’s fastest growing business and leisure district, and a major contributor to the capital’s economic growth, with 125,000 jobs forecast to be created in East London by 2030.

60 Leytonstone Road occupies a prominent corner position fronting Leytonstone Road to the West and Buxton Road to the North, with a small car park located to the East of the property.

Influenced by the creativity, the history and the magic that resonate throughout the neighbouring streets, 60 Leytonstone Road is a new landmark for this cherished heart of London that continues to stimulate and surprise. A spectacular collection of luxurious and limited edition apartments, each with a unique and exceptional design.

The layout of each residence has been individually crafted. Each apartment is finished with a number of fabulous features, such as generous balconies, open plan living spaces and exceptional detailing throughout. Rarely does one find such magnificent living space in the very heart of one of London’s most popular and historical neighborhoods.

The immediate surroundings comprise a mix of both residential and commercial uses, with a number of shops and amenities available on Leytonstone Road. Westfield Stratford shopping centre is located approximately 1.1 miles from the property; the nearest station is Maryland which provides regular services to Central London.

Maryland Station will also operate Cross rail/Elizabeth Line services with Heathrow only 45 minutes away, the West End 17 minutes and Canary Wharf only ten minutes away. Morrison’s, Sainsbury’s and Waitrose are only moments away, making your shopping experience a lot shorter. Close to the property is also Stratford shopping Centre and Westfield Stratford City to enjoy them shop till you drop days. There are a variety of restaurants, cafes and pubs in the area so you are constantly spoilt for choice!

There are three OFSTED rated “good” or “outstanding” schools within 400 metres.

Whether relaxing or entertaining, these spectacular apartments beautifully combine convenience with elegance. This heightened sense of comfort continues where you can unwind, entertain or just watch the world go by.

Set against a backdrop of beautiful neutral colour choices enhanced by integral mood lighting, these apartments have perfectly combined the use of some of the finest materials; creating the perfect blend of public and private spaces rich in luxurious ambiance.

Relax from the outside world in lustrous bedrooms with bespoke fitted wardrobes where there is plenty of storage for your belongings. All bedrooms are fitted with luxury ‘soft touch’ carpets. Also benefits from T.V outlets and Virgin, Sky and BT Broadband outlets to the living room.

This apartment has various benefits like Bicycle storage, lifts to all floors. The video entry system will allow your guests to enter the building at the buzz of a button, ensuring that any unwanted visitors stay on the outside.

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Planning to move to London? Relocating is hard, and London is not the easiest city to adapt to.

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Getting yourself mentally prepared is the first step and we found a good article about things to consider before moving to London on Property Division. We dived them into ‘pluses’ vs. ‘minuses’ so you can do the math:

– higher rents

+ more available jobs and different types of careers to choose from

+/ – housemates (it’s a + or a – considering the type of person you are)

+ meeting interesting people

– high costs for transportation

– pricey pubs

+ lots of new things to see

+++ everything’s open late!

Things Northerners Should Consider When Relocating to London

Now what do you choose? Being a tourist or a Londoner?

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Understanding the difference…

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When searching for the ideal property to buy, aspiring homeowners may be faced with a choice: leasehold vs. freehold. What are the differences?

 

 

Leasehold vs. freehold: the basics

The main difference between leasehold and freehold is that if you buy a leasehold property, you own the property but not the land it stands on. With a freehold property, you own both the building and the land.

In England and Wales, the majority of flats are leasehold, while houses are usually sold as freehold properties.

 

Buying a leasehold property

With leasehold properties, the land the building stands on is owned by a landlord, also known as the freeholder.

You will own the property for the length of a lease agreement with the freeholder. After the lease expires, ownership of the property will revert back to the freeholder.

You’ll pay ground rent to the freeholder, although this usually won’t be very much. The freeholder will also be responsible for maintaining and running the building, so you can expect to pay a service charge to contribute to the cost of this.

 

 

Buying a freehold property

When you buy a freehold property, you’ll own the dwelling and the land it stands on outright.

There will be no time limit on your ownership, so you won’t have to worry about a lease running out.

You’ll be responsible for maintaining the building and any related costs, but this will mean you’ll be free to do whatever you like to the property (subject to planning permission).

 

Leasehold vs. freehold: a summary

Buying a home is an exciting step, but it is very important to understand any impending issues surrounding property ownership.

When it comes to leasehold vs. freehold, the main difference is that as a freeholder you’ll own your property outright from the get go, while as a leaseholder your ownership will be limited to a set length of time.

If you want to know more about buying a home, get in touch with our team today; we are more than happy to help!

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Landlords have been the target of some serious new taxes and regulations. Although these are worrying for some, these measurements are not an end of the rope for most.

For those of you considering investing in properties, keep in mind this:

long-term investments will surely bring you a good profit. New research showed that investing in buy-to-let, but not on an amateur level, will bring the landlord a stable and consistent source of revenue.

More details and a good case analysis in this article on Property Reporter:

How much could an average long term property investment earn you?

If you’re thinking about investing in a buy-to-let here are our property recommendations from the Victor Michael website:

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