Property Market News

An Eight-Point Insurance Checklist for Leicester Landlords

If you’re a landlord looking to take out insurance or renew a current policy, there are a few things you should know. The insurance market is “hardening”, or in other words, insurers are tightening their belts. The rising costs of claims due to extreme weather events such as last year’s Storm Dennis and low interest...

Leicester Buy-to-Let Property Market Going into Crisis? – as Leicester first-time buyers now only need a 5% deposit for a mortgage

Leicester landlords, sell your property portfolios, your tenants will soon be leaving in droves as they buy their first home with the new 5% deposit mortgages backed by the Government’s new mortgage-guarantee scheme revealed in March’s budget! These 95% mortgages are to be supported by the Treasury, lessening losses for mortgage lenders should the borrower...

Will Leicester House Prices Fall in 2022?

As 1 in 6 Leicester homes are selling within a fortnight of coming to market. One of the most astounding things that has happened in the last 12 months was something that did not happen. Even after the country saw the deepest recession since the Great Freeze of 1709 with GDP dropping 28% in one...

Panic Buying in the Leicester Property Market?

Would it surprise you that there are 66% fewer properties for sale today in Leicester than a decade ago? Property values are much higher than a decade ago and the property market at the moment in Leicester is on fire. In all my years as an agent, I have never seen it like it is...

Over 1 in 5 Leicester Properties Being Sold with No Chain

So is it a good idea to rent in between moving home, to be chain-free? Moving home is said to be the third most stressful thing you can do, so if you can do anything to reduce that stress, so much the better? When buying your next Leicester home, being chain-free can certainly reduce your...

Leicester Property Market: 2011-2021 – A look back at the Leicester housing market over the last decade

With all of us completing the Census, a couple of weeks ago, it made me realise profoundly that mine and my family’s life, which from our own point of view seems unique and delightful, makes us all into a series of statistics for the Census gatherers to pore over. To digest and regurgitate facts, figures...

Leicester Property Market Improved by 26.4% Over Pre-Pandemic Levels – Has there ever been a better time for Leicester home sellers? –

The Leicester property market, for people looking to sell, is at its sturdiest for at least the last five years with home buyers jumping onto the Leicester property ladder with abandon. Leicester house prices are anticipated to rise throughout 2021 after the Stamp Duty cut (and subsequent extension until the summer/autumn) and the newly revealed...

Electrical Safety Inspections: Everything Leicester Landlords Need to Know

When you are a landlord, you should remember that people actually live in your property! It’s more than just bricks and mortar and an investment. It’s ultimately someone’s home. There lies within property ownership a responsibility to tenants to make sure that they are safe. Indeed, it’s an obligation, and it’s a legal responsibility too....

Leicester First-time Buyers Can Now Buy Using 5% Deposit Mortgages – Yet higher mortgage rates could see Leicester buyers paying a lot more each month for the privilege

Being a Leicester first-time buyer in the last 12 months has not been an easy thing. Just before lockdown there were 400 ‘5% deposit mortgage’ deals and first-time buyers were able shop around to get the best deal. When the first lockdown hit, 5% deposit mortgages disappeared, meaning that as many Leicester would-be first-time buyers...

Leicester Home Buyers £5,923,671 Windfall as Stamp Duty Holiday Stretched to September…

...and new 5% deposit mortgages for Leicester first-time buyers The Chancellor Rishi Sunak announced two initiatives to keep the Leicester property market firing on all cylinders into 2021. Firstly, the £500,000 zero-rate Stamp Duty band has been extended to the 30th June 2021. After then it will phase down to £250,000 for an additional three...

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