Blogs
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Is the Lincoln Property Market Running Out of Steam?
In recent articles on the Lincoln property market, I have been talking a lot about house prices over the last 12 months and 5 years in Lincoln. When it comes to newspapers talking about the property market, the headline most people look at is what is happening to house prices.…
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BASE RATE RISE?
The base rate of interest is set to rise in the ‘coming months’ as the Bank of England acts to control the UK economy. The Bank voted to keep the base rate at its historic low of 0.1% in November, but with inflation 3.1% and predicted to rise to as…
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Would You Re-mortgage Your Lincoln Home to Help Your Child Onto the Property Ladder?
How far would you go to help your child get on in the world? Many Lincoln parents move area to ensure their child gets into the best primary school, or to fund their university costs. Many of you reading this have even helped your children with the deposit for their…
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Lincoln Homeowners to Face Post-Lockdown Mortgage Rate Rise of £600 a Year
With grocery, energy and other household prices/costs rising and hitting everyone’s back pocket, inflation (rising prices) may feel like an unimportant issue when it comes to the cost of keeping a roof over your head. Yet nothing could be further from the truth for many Lincoln homeowners and Lincoln landlords.…
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Has Buy-to-Let Changed the Lincoln Property Market?
The ‘Buy-To-Let’ (BTL) mortgage is celebrating its Silver Anniversary (25 years) this autumn. Isn’t it fascinating that a decision between a group of letting agents and bankers all that time ago to offer BTL mortgages has changed the face of the Lincoln (and national) property market? But has it been…
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Green Credentials
According to The Property Academy Renter Survey 2021, almost half (49%) of renters would choose their rental property quicker if it had green credentials or a well-being certification. Not only would renters choose their property quicker, but around 61% of renters said they would rent for longer if the property…
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Are Lincoln House Prices Set to Fall this Autumn?
The stamp duty tax holiday is over, furlough finished at the end of September, unemployment is due to rise, and inflation is rife … is this the end of the post lockdown Lincoln property boom? Surely, we are heading for house price correction? Forecasting what will happen in the Lincoln…
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Lincoln Homeowners to be Made Homeless?
The number of properties for sale in Lincoln has fallen by 39% since this time two years ago (October 2019). One of the reasons is that many Lincoln buyers feel overwhelmed and fearful they will be made homeless if they sell their home and can’t buy another. So, I have…
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Wages rising by 8.3% pa - how will this affect the Lincoln property market?
As they struggle to meet demand, Argos have had to increase the wages of their HGV drivers from £11.41 an hour to £15 an hour – a rise of 31.2% meaning their pay goes from £27k to £35k. Care home providers are offering signing-on bonuses of many thousands of pounds…
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Buyer Demand Swells
The property market continues to ride the wave as we head into autumn. Buyer demand per property is more than double pre-pandemic levels (Rightmove). Rightmove report a 14% increase in new listings at the start of September*, but the number of available properties for sale remains low and competition for…
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Lincoln Buy-to-Let Market on the Rise as Returns Rise by 38.1% in 5 Years
Lincoln landlords are becoming progressively more self-assured about expanding their rental portfolios; as Lincoln rents rise, mortgage interest rates fall and demand for decent Lincoln rental properties outstrips supply. Several reports nationally would suggest around a third of UK ‘portfolio’ landlords (i.e. landlords with more than one rental property) are…
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Energy Boost
Homes sold with an EPC rating A or B over the past years achieved a 10% price premium over properties with an EPC energy efficient rating of D. One in every 12 properties sold achieved an energy efficiency rating of A or B on its EPC, 47% of properties…