HOME OWNERS MUST ACT NOW TO MOVE BY CHRISTMAS: RIGHTMOVE

Home-owners who want to move in by the traditional Christmas deadline, now only 18 weeks away, need to act now to do so, Rightmove have warned.

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4.8 MILLION CONSIDERING BECOMING A LANDLORD IN 2018

9% of UK adults have shown an interest in taking out a buy-to-let mortgage in 2018, meaning an extra 4.8 million people could become landlords in 2018, according to Sainsbury’s Bank research.

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HOME OWNERS MUST ACT NOW TO MOVE BY CHRISTMAS: RIGHTMOVE

Home-owners who want to move in by the traditional Christmas deadline, now only 18 weeks away, need to act now to do so, Rightmove have warned.

Read More

 

 

 

WHO ARE THE REAL WINNERS AND LOSERS IN THE UK PROPERTY SINCE THE REFERENDUM

The latest UK HPI release of property price data for June provided the first concrete look how the UK market has performed on the two-year anniversary.

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FIRST TIME BUYER NUMBERS ON THE UP!

Halifax has reported that first-time buyer numbers have hit their highest amount for a decade, increasing more than double the 10% rise for all buyer types.

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Wishing you all the VERY BEST OF LUCK WITH YOUR EXAM RESULTS TOMORROW!

We hope that you all receive the results you hope for…

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SKIPTON REPORTS MORTGAGE LENDING UP 20%

Skipton Building Society has reported a 20.7% annual increase in gross mortgage lending to £2.4bn……

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UK LEADS THE WAY FOR DIGITAL HOUSE HUNTING

Proof that Kings are the Perfect agency for you!

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5 days ago

Kings of Surrey Estate Agents

New restaurant opens tonight on the High Street! Ruchi ...

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6 days ago

Kings of Surrey Estate Agents

FOR RENT: STUNNING PROPERTY in BOOKHAM £1,295 pcm - Furnished, Part Furnished or Unfurnished. A stylish and immaculate TWO DOUBLE BEDROOM (BOTH EN-SUITE) mews style end of terrace cottage built in 2009. The accommodation is both well-appointed and extremely spacious; decorated throughout with a fresh and modern palette in neutral tones. This impressive home is set back from the road, within a well-maintained private courtyard and has TWO ALLOCATED PARKING SPACES. Available Now!!

www.kingsofsurrey.com/view-property/?kos-propertyID=348473&kos-poa=
...

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1 week ago

Kings of Surrey Estate Agents

I was so touched to receive this lovely review from my client; Gareth today. He bought his flat via Kings four years ago, and he completed on the sale of it today. I am so happy to have played a part in his journey to this exciting and happy new chapter in his life..... ...

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2 weeks ago

Kings of Surrey Estate Agents

For Sale: Pair of matching Brown Leather Sofas - One 2 seater and One 3 seater. Used, with slight damage that could be made good with the right kit (shown in the photos).
£80 for the pair, collection only (Fetcham).
...

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2 weeks ago

Kings of Surrey Estate Agents

Still shocking and horrifying today... RIP to all the tragic victims, and heartfelt condolences to all families affected by this atrocity 😥 ...

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THE GOVERNMENT’S HELP TO BUY EQUITY LOAN SCHEME HAS BEEN DECLARED AN “UNMITIGATED SUCCESS” FOR ENABLING MORE THAN 170,000 HOUSEHOLDS TO PURCHASE A HOME.....

But critics of the scheme point out that one in five people use it to ‘upsize’ their home.

The Home Builders Federation (HBF) said 81% of those assisted had been first-time buyers, while the scheme had led to a 74% jump in housing supply since it was launched in 2013.
But other commentators are less convinced, pointing out the scheme has been used by better-off households trading up the property ladder.
There have also been complaints that the Help to Buy equity loan has inflated house price growth, creating significant affordability issues for buyers not using the scheme.
Meanwhile, the Government is reported to be considering whether to close the scheme in 2021, when funding is due to end, or change it to ensure only first-time buyers benefit.
Why is this happening?
The Help to Buy equity loan scheme is part of a package of Government measures to help people buy property.
It enables people to purchase a new-build home with just a 5% deposit, with the Government contributing an interest-free equity loan of 20%, rising to 40% in London, for the first five years.
But one out of five people who use the scheme are not first-time buyers, suggesting more than 32,000 people have used it to buy a bigger home.
Government figures also show that 30% of all completions made using the scheme have been for detached properties, while 15% of homes have cost more than £350,000, with 3% costing between £500,000 and £600,000 – the upper price limit for homes bought under the scheme.
At the same time, the household income of 10% of those who have benefitted from an equity loan is more than £80,000 a year.
Who does it affect?
While the Help to Buy scheme has undoubtedly enabled many people to get on to the property ladder, there are concerns that it has inflated house prices, particularly for new-build homes.
Critics claim that by offering buyers an interest-free 20% loan, the Government has boosted housing demand at a time when it would normally slow due to stretched affordability, enabling property values to continue to rise.
Morgan Stanley produced a report last year in which it claimed Help to Buy had led to new-build property prices increasing by 15% more than those of existing homes since 2013, when the scheme was introduced.
As a result, it is argued that Help to Buy has actually made homeownership more expensive.
What’s the background?
The Government is coming under increasing pressure to clarify whether the scheme will be replaced or extended beyond 2021.
Housebuilder Redrow has called on the Government to make the scheme permanent, adding that if it was scrapped demand for affordable housing was likely to increase.
But other reports suggest the Government is considering carrying out a fundamental review. It is said to be considering a temporary extension of the scheme to avoid disruption, but it may limit it to first-time buyers.
Top 3 takeaways
• The Government’s Help to Buy equity loan has enabled more than 170,000 households to purchase a home
• HBF said the scheme had led to a 74% jump in housing supply since it was launched in 2013
• But one in five people benefitting from the equity loan have used it to trade up the property ladder

*courtesy of Zoopla
...

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3 weeks ago

Kings of Surrey Estate Agents

Property portal Zoopla have begun listing their rental properties simultaneously on Facebook’s MarketPlace, the social platform’s answer to both Ebay and Craigslist.

Zoopla has said its deal will upload 300,000 homes to rent onto MarketPlace, making it in one go the largest rental property platform outside of the big three portals in the UK.

Figures on how many people use MarketPlace in the UK are sketchy. But Facebook’s own data suggests that approximately 35% of its active users around the world visit Marketplace on average, so in the UK that points to some 14 million people using its selling channel every month.

The addition of Zoopla’s rental stock to Marketplace will certainly give it a boost. Prior to the new properties being added, it had at best light coverage across the

Also, Zoopla’s rental stock will be joining rented properties offered exclusively – until now – by private landlords keen to bypass letting agents.

“This is great news for our agent members who will now get wider distribution of their listings as well as increased brand exposure with people looking for property to rent on Facebook Marketplace,” says ZPG Property Services MD Charlie Bryant.

“This integration extends our position as the best value digital marketing partner in the UK for agents. We will continue to provide our agent partners with maximum exposure for their listings and brands along with the widest range of services to help them generate additional leads and revenues.”
...

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3 weeks ago

Kings of Surrey Estate Agents

**JUST REDUCED** BOOKHAM: A stylish and immaculate TWO DOUBLE BEDROOM (BOTH EN-SUITE) mews style END OF TERRACE COTTAGE built in 2009. Extremely spacious accommodation - available 1st October 2018 - £1,350 pcm (plus fees)

www.kingsofsurrey.com/view-property/?kos-propertyID=348473&kos-poa=
...

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3 weeks ago

Kings of Surrey Estate Agents

THEY DID IT!! 👏🏻 It was extremely tough, and took three days with an overnight stop halfway up!
Huge thanks to everyone who very kindly supported my sons; James and Daniel with this challenge, and every penny they raised will be split between their two chosen charities: Cancer Research UK and European Parkinson's Disease Association.
SO proud of my hero boys 💪🏻💪🏻 so much love for them both... 💙💙 my 🌍 xx
uk.virginmoneygiving.com/fundraiser-display/showROFundraiserPage?userUrl=JamesDavies69&pageUrl=1

Here are some photos from Mount Kinabulu!:
...

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3 weeks ago

Kings of Surrey Estate Agents

London's famous The Tea Terrace Restaurant and Tea Room is coming to Cobham, Surrey in November 2018.

The Tea Terrace Cobham will be located just one minute's walk from Waitrose. We have taken over the premises of what used to be Cleaver Restaurant.

You will be able to enjoy breakfast, lunch, afternoon tea and dinner 7 days a week at The Tea Terrace from 9am to 11pm daily.

You can sit in one of our golden life-size Cinderella Carriages which have been extremely popular in London. The carriages can accommodate 6 diners.

For elegant birthday parties, hen-dos and baby showers, we are introducing our super-sized Cinderella Carriage which can take 12 guests.

To celebrate our opening, we are giving you all a chance to win A TWO-PERSON MONTHLY TRADITIONAL AFTERNOON TEA AT OUR COBHAM BRANCH FOR LIFE!

All you have to do to be entered into our raffle draw is buy an INDULGENCE OR CELEBRATION AFTERNOON TEA FOR ONE and you will receive a similar one for free.

You can buy the voucher online by clicking on theteaterrace.voucherconnect.com/

You will also be added to our guest list for our opening event.

See you in Cobham in a few weeks!
...

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3 weeks ago

Kings of Surrey Estate Agents

www.facebook.com/1702438819986810/posts/2201587126738641/London's famous The Tea Terrace Restaurant and Tea Room is coming to Cobham, Surrey in November 2018.

The Tea Terrace Cobham will be located just one minute's walk from Waitrose. We have taken over the premises of what used to be Cleaver Restaurant.

You will be able to enjoy breakfast, lunch, afternoon tea and dinner 7 days a week at The Tea Terrace from 9am to 11pm daily.

You can sit in one of our golden life-size Cinderella Carriages which have been extremely popular in London. The carriages can accommodate 6 diners.

For elegant birthday parties, hen-dos and baby showers, we are introducing our super-sized Cinderella Carriage which can take 12 guests.

To celebrate our opening, we are giving you all a chance to win A TWO-PERSON MONTHLY TRADITIONAL AFTERNOON TEA AT OUR COBHAM BRANCH FOR LIFE!

All you have to do to be entered into our raffle draw is buy an INDULGENCE OR CELEBRATION AFTERNOON TEA FOR ONE and you will receive a similar one for free.

You can buy the voucher online by clicking on theteaterrace.voucherconnect.com/

You will also be added to our guest list for our opening event.

See you in Cobham in a few weeks!
...

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4.8 MILLION CONSIDERING BECOMING A LANDLORD IN 2018.....

9% of UK adults have shown an interest in taking out a buy-to-let mortgage in 2018, meaning an extra 4.8 million people could become landlords in 2018, according to Sainsbury's Bank research.

Of those taking out or considering a buy-to-let mortgage, over a third (35%) said a change in income had inspired them to do so, while 29% remain encouraged by the current opportunities to enter the market.

A quarter (25%) were considering a buy-to-let mortgage after receiving inheritance and many here may have found themselves “accidental landlords”. Yet the research indicates that two in three (64%) of UK adults don’t know what consumer buy-to-let mortgages are.

When it comes to purchasing a property, over half (51%) of potential landlords have considered buying a house, with 46% having considered purchasing new builds prior to this year. 46% have also considered purchasing a flat, with 44% having considered buying new build flats.

David Buxton, head of banking at Sainsbury’s Bank, said: “With demand for rental properties showing no signs of slowing down, we’re delighted to be able to help landlords by offering competitive mortgages and advice to help them best manage their investments.”

*courtesy of property reporter
...

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1 month ago

Kings of Surrey Estate Agents

Another happy client.... ...

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1 month ago

Kings of Surrey Estate Agents

www.facebook.com/847676985279254/posts/1900386823341593/As expected, MVDC have confirmed works at Swan Shopping Centre starting soon but will pause over Christmas time.

"...In the first week in September work will begin on the first phase of refurbishment to the Swan Shopping Centre, Leatherhead as part of Transform Leatherhead.
This first phase will see the refurbishment of the public toilets and provision of new baby changing facilities, and works begin to make the car park more user-friendly.
From the first week in September the toilets will be closed as these works take place but temporary alternatives will be available in Sainsbury’s and baby changing facilities in Boots.

At the same time the Swan Centre car park works will begin on levels 1-4. The Car Park will remain open and operational and there will be Traffic Marshalls to direct users.
Councillor Charles Yarwood, Cabinet Member for Strategy and Asset, said: “Mole Valley District Council is undertaking these initial refurbishments as part of our Transform Leatherhead initiatives aimed at rejuvenating, expanding and transforming Leatherhead town centre. Along-side these works we are working closely with retail experts, Cushman and Wakefield’s, multi-disciplinary team to develop an evidence based, long term, development recommendation for the Swan Centre, to act as a catalyst to revitalise the High Street. This will be reported to the Executive in February 2019.

“As stakeholders on Leatherhead High Street, Mole Valley District Council has the opportunity to positively influence the retail offer.”

The second phase of works on the refurbishment will take place in early 2019 after a break over the Christmas period to ensure the works cause minimal impact on Christmas trade. These will include completion of the Car Park improvements to include levels 5-6 and replacement of the lifts. The final phase will take place next summer and will include the reconfiguration of the stairwell and the creation of a brand new retail space within the centre."

More background and updates at transformLeatherhead.com
and www.molevalley.gov.uk/index.cfm?articleid=42158

FAQ's
Why are the works taking place?

Mole Valley District Council is undertaking these initial refurbishments as part of our Transform Leatherhead initiatives aimed at rejuvenating, expanding and transforming Leatherhead town centre. Along-side these works we are working closely with retail experts, Cushman and Wakefield's, multi-disciplinary team to develop an evidence based, long term, development recommendation for the Swan Centre, to act as a catalyst to revitalise the High Street. This will be reported to the Executive in February 2019.

As stakeholders on Leatherhead High Street, Mole Valley District Council has the opportunity to positively influence the retail offer.

How long will it all take?

The works are taking place in 3 phases from early September 2018 through to late summer 2019. See above for details.

Will I still be able to park at the Swan Centre?

Yes. At no point will the car park be closed. There will be Traffic Marshalls to direct users throughout the construction process.

Is there any risk to my vehicle from these works?

There will be minimal risk to vehicles, small sections of concrete will be cut back to facilitate the improvement works however traffic marshalls will ensure this will have minimal impact and risk to users.

Will there continue to be disabled parking available?

Yes.

Where can I go to the toilet instead?

The toilets will be closed from 1st week September to late October 2018. During this time Sainsbury's are generously allowing their toilets to be used instead. Replacement baby change facilities are also available in Boots.

Will I still be able to use the lifts?

Only one Swan Centre passenger lift will be worked on at a time in early 2019, one lift will remain available. Sainsbury's lifts are not affected by the works.

Who is undertaking the work?

The lead contractor for these work is H A Marks of London.
...

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WHO ARE THE WINNERS AND LOSERS IN UK PROPERTY SINCE THE REFERENDUM?

The latest UK HPI release of property price data for June provided the first concrete look how the UK market has performed on the two-year anniversary of our decision to leave the EU.
Across the UK, prices are up 7.3% since the vote.

Regionally, the West and East Midlands are ahead of the rest with price growth hitting double-digit figures in the last year, 10.9% and 10.3% respectively. The North East has suffered the most with prices increasing by just 0.3% in the last two years. The high cost of living in the capital has also taken its toll with London the second worst performer at 1.8%. This is largely due to central London and when split, Inner London price growth falls further to 1.2% while Outer London picks up the pace at 4.1%.
However, while the headlines may paint a picture of doom and gloom, it’s interesting to see which areas of the UK are actually driving this slowdown and which have ignored the market naysayers to record extremely positive price growth trends.
London is a prime example, whereby price growth has recorded its biggest fall since 2009 but in reality, 70% of London boroughs have seen prices increase since the vote, some by huge margins. Those that have seen a decline and are driving the wider negative price trends are for the large part, the million pound plus market.

Across the UK there are a wealth of areas enjoying strong growth, primarily as a result of a business as usual attitude and a realistic asking to sold price expectation.

* courtesy of Property Reporter
...

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1 month ago

Kings of Surrey Estate Agents

Wishing you all the VERY BEST OF LUCK WITH YOUR EXAM RESULTS TOMORROW! We hope that you all receive the results you hope for...
Food for thought:
...

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1 month ago

Kings of Surrey Estate Agents

FIRST-TIME BUYER NUMBERS ON THE UP!

Halifax has reported that first-time buyer numbers have hit their highest amount for a decade, increasing more than double the 10% rise for all buyer types.

The lender found that across Britain the average price of a typical first-time buyer property has out-performed the overall housing market.

First-time buyers are now putting down record deposits for their first home. Nationally the average deposit is £33,127, an increase of 71% from £19,364 in 2008. In London, the average first-time buyer deposit is £114,952 (27% of the purchase price) and a three-fold increase from £38,335 in 2008.

Owning their own home remains a dream for many young Brits though, as half of 18-34 year-olds think it’s harder than ever to get on the housing ladder and almost one in five say they believe they’ll be renting for ever. Older renters are less hopeful than younger ones at owning a home – one in four (26%) 31-34 year-olds say they’ll never be able to buy a home.

A third of young people think the only way they’ll get on the property ladder is by inheriting the cash, while more than one in 10 (16%) would consider upping sticks and moving abroad because of high UK property prices.

The number of first-time buyers increased by around 3% in the first six months of 2018 to 175,500 compared with 171,200 in the same period in 2017.
...

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