HOUSE PRICE GROWTH SETTLES at 2% in SEPTEMBER…

The latest data and analysis from Nationwide has revealed that the UK housing market saw a small uptick in house prices during September, rising 0.3% after being seasonally adjusted.

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TMW CUTS BUY-TO LET RATES AND EXPANDS LIMITED COMPANY RANGE ……

“These changes are designed to support a wide range of landlords, helping them to access a greater choice of competitive rates and to manage their cashflow. “

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DO YOU NEED PLANNING PERMISSION FOR GARDEN BUILDINGS?

There’s never been a better time to time to update your garden, whether that’s with some new plants, outdoor furniture, or a new shed or greenhouse.

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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.

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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.

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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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MORE THAN 1 IN 10 ADMIT TO REGULARLY LEAVING THEIR DOOR UNLOCKED WHEN THEY LEAVE HOME!

It's a burglar's dream. Leaving the door to your home unlocked is an open invitation to a thief and not something the majority would want to do, yet according new research, 1.9 million Brits regularly leave home without securing their property in the most basic way.

According to new research from MoneySuperMarket, over three times as many men (19%) as women (6%) admitting to leaving their door unlocked more than once a week.

The research, which unlocks insights into the British public’s house key habits, suggests that homes across the country could be left unsecured on a weekly basis, with homeowners in the capital taking the biggest risks - 36% of Londoners say they leave the house unlocked more than once a week. By contrast, the North East is the most diligent at locking up.

As well as leaving property unlocked, Brits also lose thousands of house keys - over a third (37 per cent) of UK homeowners admit they, or someone they live with, has lost a set.

Surprisingly, 4.5 million didn’t get their locks changed when they last discovered their keys were missing, with those over 55 putting themselves at risk the most - nearly half (48%) failed to call a locksmith after losing a set of keys.

With over half of Brits unaware their home insurance policy could be negatively affected, or even invalidated, if their house is burgled by someone using a lost key or a key left in a ‘hiding place’ outside the property, many could be taking big risks without understanding the potential consequences.

Homeowners who keep a spare key somewhere ‘safe’ typically say two people know their hiding place. There’s a trend to where Brits keep spares, too - nearly one in five leave a spare key with a neighbour, making it the most common safe spot.

Top 5 places Brits keep their spare keys:

1. With a neighbour
2. Under a door mat
3. In/under a plant pot
4. In a gas/electricity meter box
5. Under a rubbish bin

Kevin Pratt, consumer affairs expert at MoneySuperMarket, commented: “Finding hidden keys at the address of the property is like picking up money in the street for burglars. And thieves are known to scout around gardens looking for spare keys left under plants pots and door mats. That’s why it’s so important to look after keys and avoid them falling into the wrong hands.

If someone burgles your house without focing entry, you might not be able to claim on your home insurance, or your claim might not be paid in full as there’s no evidence of a crime being committed.

So it’s really important to ensure your home is properly secured and that all spare keys are accounted for. When a set is lost, the best thing to do is change the locks - it’s always better to be safe than sorry.”
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FLEET LAUNCHES FIXED-FEE BUY-TO-LET RANGE!

Fleet Mortgages has launched a series of fixed-fee buy-to-let mortgages across its three core sectors – standard, limited company and HMO/multi-unit block.

Standard products include a 75% LTV two-year fixed rate at 3.09% with a fixed fee of £1,999 on a maximum loan size of £250,000, or 3.49% with a fixed fee of £4,999 with no maximum loan size.

Standard five-year fixed rates include a rate of 3.79% with a fixed fee of £4,999 or a 3.99% pay-rate product with a £4,999 fee, offered at rental cover of 135% at initial rate.

For limited companies, two-year fixed rates start at 3.09% with a fixed fee of £2,499 (max loan size £250k) or 3.49% with a fixed fee of £6,250 (no max loan size).

Five-year fixed rates for limited companies are available at 3.89% with a fixed fee of £6,250, or 3.99% with a £6,250 fixed fee, offered at rental cover of 125% at initial rate.

HMO products are available at 3.59% for a two-year fix at 65% LTV with a £7,499 fixed fee, or 3.69% at 75% LTV with a £7,499 fixed fee; plus a 3.99% five-year fix at 75% LTV with a £7,499 fixed fee.

For all standard and limited company products – except those offered at pay rate – Fleet Mortgages operates an ICR of 125% at 5%, regardless of tax rate.

The lender is also reducing its early repayment charges term on its LIBOR-tracking products from three years down to two, and has launched a new standard 75% LTV, two-year fix at 2.99% with a 1% fee.

Bob Young, chief executive officer of Fleet Mortgages, commented: “At Fleet we are always looking to provide our adviser partners and their clients with a range of different product options in order to find the right one for them. The introduction of this new fixed-fee range to complement our existing percentage-based fee product offering does just that, and we believe it will be especially beneficial for those who are seeking larger buy-to-let loans.

“These new fixed-fee products are available within our three core sectors - standard, limited company and HMO – and are offered at highly competitive rates, plus our standard and limited company borrowers benefit from our 125% at 5% rental cover calculation, except on the pay-rate products which are offered at 135% at the initial rate for standard borrowers, and 125% at the initial rate for limited company borrowers.

“We have seen a noticeable uptick in buy-to-let activity in recent months, with professional landlords in particular seeking to add to portfolios, whilst also looking at refinance options in order to release capital for further purchases. We believe these fixed-fee mortgages will provide greater product choice for landlord borrowers and provide further evidence of our continued specialist focus on the market and our increased appetite to lend.”
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1 week ago

Kings of Surrey Estate Agents

Halloween is coming!
Come and visit #Leatherhead town centre on the 31st October and be prepared to be spooked. With ghastly grannies patrolling the streets on their scary shopping trollies to pyromaniac performers juggling with fire. Ride on the spooky train down the haunted mall or watch the Magician with his tricks (or are they treats?). Follow the skeleton trail around the shops and see what marvels await you.
Watch out for the enormous yeti and the zombies dancing in the streets and don’t forget to have a go on the gruesome games. Treat yourself to some free popcorn or candy floss and see your reflection (if you have one) in the freaky photo booth.
But don’t be scared, dress up and be part of these Halloween celebrations (and don't forget to enter the Freaky Dress Competition!)
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1 week ago

Kings of Surrey Estate Agents

AVERAGE 2 YEAR FIXED MORTGAGES RECORD FIRST RATE FALL IN 12 MONTHS!!

The latest data released by Moneyfacts has shown that, for the first time since falling to its record low of 2.20% in October 2017, the average 2 year fixed rate mortgage has fallen once more, albeit fractionally.

According to Moneyfacts, the popular deal slipped by by 0.04% to 2.49%, down from 2.53% in September.

Charlotte Nelson, finance expert at Moneyfacts, said: “November 2017 marked the starting point of the upward trend in the average two-year fixed rate where it increased by 0.13% from October 2017, with subsequent month-on-month figures either rising or stagnating. However, this month marks not only a break away from this upward trend, but the first time the Moneyfacts UK Mortgage Trends Treasury Report has recorded a reduction to the average mortgage rate since the November 2017 base rate rise.

Many would have assumed that the average rate would have increased in the aftermath of the base rate rise this August, however the opposite seems to be the case. Providers have started to reignite competition in the market to attract remortgage customers and retain their mortgage books.

With the average standard variable rate increasing for a second month running (reaching 4.89% in October) the motivation to remortgage among borrowers is growing. This is highlighted by the latest statistics from UK Finance, recording a 9.2% increase in remortgage approvals compared to a year earlier. It is these additional remortgage customers that providers are vying to attract.

This is not only seen by the decrease in average rate, but also the increasing number of lower loan-to-value products. Previously, the number of deals had stagnated for those with lower LTVs, with competition reserved for more niche areas. However, as competition between providers has intensified, the number of deals in this area has subsequently increased.

This month, the two-year SWAP rate has increased by 0.05%, rising from 1.12% in September 2018 to 1.17%, as rates react to other economic factors such as higher inflation. Although this would typically cause the average two-year fixed rate to rise, lenders are instead opting to swallow this extra cost for the time being in favour of retaining mortgage customers."
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2 weeks ago

Kings of Surrey Estate Agents

#TBT to a press shoot with the darkly irresistible star of Killing Eve, Villanelle, played by Jodie Comer, in the Salon at Fetcham Park with an equally stunning floral display by By Appointment Only Design. A perfect setting, don't you agree? 💫

The next thrilling episode is this Saturday on BBC One!
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2 weeks ago

Kings of Surrey Estate Agents

Swan Shopping Centre
We have our Monthly Market on this Saturday with some wonderful stalls including Eden Temptation Crafts., JustJane Crafts, Shimmer Designs, Artist Susie West and Jam Packed Preserves. Come down and start that Christmas Shopping with some unique gifts.
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2 weeks ago

Kings of Surrey Estate Agents

Swan Shopping Centre
The French Market is in town on Friday, come and enjoy some traditional food and gifts from across the water.
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2 weeks ago

Kings of Surrey Estate Agents

HOUSE PRICE GROWTH SETTLES at 2% in SEPTEMBER...

The latest data and analysis from Nationwide has revealed that the UK housing market saw a small uptick in house prices during September, rising 0.3% after being seasonally adjusted.

According to the figures, house price growth has settled at 2%, partially recovering form the previous months crash. However, it wasn't good news for the whole of the country as The North was revealed to be the weakest performing area during Q3 with prices down 1.7% year on year

Robert Gardner, Nationwide's Chief Economist, had this to say: “Annual house price growth was stable in September at 2%.

Indeed, annual house price growth has been confined to a fairly narrow range of c2-3% over the past 12 months, suggesting little change in the balance between demand and supply in the market.

Looking further ahead, much will depend on how broader economic conditions evolve, especially in the labour market, but also with respect to interest rates. Subdued economic activity and ongoing pressure on household budgets is likely to continue to exert a modest drag on housing market activity and house price growth this year, though borrowing costs are likely to remain low.

Overall, we continue to expect house prices to rise by around 1% over the course of 2018."

England saw a 0.6% quarter-on-quarter rise in Q3, with average prices up 1.4% compared with a year ago.

Meanwhile, in Southern England both London and the Outer Metropolitan regions saw prices decline year on year, leading to overall price growth in the South slowing to just 0.3%. However, looking at price levels, there is a still a significant gap, with average prices in the Southern England around twice those in Northern England.

It is a mixed bag, however, because activity and prices in London remain challenging whereas in many places outside it is quite a different picture. This is mainly due to historic affordability reasons, particularly when this well-respected index confirms London prices are still more than 50 per cent above their 2007 peak.

It seems unlikely that the proposed additional stamp duty on foreign buyers will help to bring down prices or make more homes available for local people considering a large proportion support new development in London, many of which contain the affordable housing we lack.

Mortgage rates continue to be competitive. Lenders continue to cut the cost of their best mortgage deals, despite August's interest rate rise, as they compete for business in the run-up to the end of the year. Barclays, HSBC, Halifax and TSB are among the big names to have reduced the cost of fixed-rate mortgages recently, and we expect this trend to continue, which is good news for borrowers."
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3 weeks ago

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TMW CUTS BUY-TO LET RATES AND EXPANDS LIMITED COMPANY RANGE ......
"These changes are designed to support a wide range of landlords, helping them to access a greater choice of competitive rates and to manage their cashflow. "
Nationwide's buy-to-let arm, The Mortgage Works, is reducing rates on selected two-year mortgages by up to 0.65%, as well as expanding its limited company offering and extending cashback across its entire let-to-buy range.

From tomorrow, landlords can access a two-year fixed rate at 1.49% up to 65% LTV with a £1,995 fee, or 2.14% with no fee.

Selected products at up to 75% LTV are also being reduced by up to 0.40%.

A five-year fixed rate up to 75% LTV has been reduced to 2.49% with a £1,995 fee and free standard valuation, and TMW has launched a new five-year fix for limited companies at 3.69% up to 80% LTV.

In addition, the cashback of £250 for let-to-buy products is being extended across the entire range.

Selected rates for large portfolio products will increase by up to 0.20%.

Paul Wootton, managing director of TMW, said: “These changes are designed to support a wide range of landlords, helping them to access a greater choice of competitive rates and to manage their cashflow. With ongoing improvements to our product proposition, this further illustrates TMW’s continued commitment to supporting intermediaries and landlords.”
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3 weeks ago

Kings of Surrey Estate Agents

TMW CUTE BUY-to-LET RATES & EXPANDS LIMITED COMPANY RANGE...

"These changes are designed to support a wide range of landlords, helping them to access a greater choice of competitive rates and to manage their cashflow. "
Nationwide's buy-to-let arm, The Mortgage Works, is reducing rates on selected two-year mortgages by up to 0.65%, as well as expanding its limited company offering and extending cashback across its entire let-to-buy range.

From tomorrow, landlords can access a two-year fixed rate at 1.49% up to 65% LTV with a £1,995 fee, or 2.14% with no fee.

Selected products at up to 75% LTV are also being reduced by up to 0.40%.

A five-year fixed rate up to 75% LTV has been reduced to 2.49% with a £1,995 fee and free standard valuation, and TMW has launched a new five-year fix for limited companies at 3.69% up to 80% LTV.

In addition, the cashback of £250 for let-to-buy products is being extended across the entire range.

Selected rates for large portfolio products will increase by up to 0.20%.

Paul Wootton, managing director of TMW, said: “These changes are designed to support a wide range of landlords, helping them to access a greater choice of competitive rates and to manage their cashflow. With ongoing improvements to our product proposition, this further illustrates TMW’s continued commitment to supporting intermediaries and landlords.”
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4 weeks ago

Kings of Surrey Estate Agents

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

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4 weeks 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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4 weeks 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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1 month 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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1 month 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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1 month 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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1 month 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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