Most people pay Stamp Duty Tax when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak, (quickly followed suit by the Welsh and Scottish Governments) announced last July that Stamp Duty was partially being suspended on all English property transactions up to £500,000 … Continue reading Rugby Property Market: Is it Time to Stamp Out Stamp Duty? →

When William the Conqueror invaded our fair shores in 1066, like all good kings, he needed to buy loyalty and raise cash to build his castles and armies. He did this by feudal law system and granted all the faithful nobles and aristocrats with land. In return, the nobles and aristocrats would give the King … Continue reading 2,191 Rugby Homeowners to be ‘Unchained’ from Toxic Leasehold Agreements in Biggest Shake-up of Property Law in Decades →

Christmas Eve brought the news that Boris Johnson had conclusively agreed on a Brexit deal for the UK with the European Union. This gave optimism that the economic turmoil of leaving the EU would be radically reduced, yet what will this ‘trade deal’ do to the value of your Rugby home and the mortgage payments you … Continue reading How Will the Brexit Deal Affect Rugby House Prices & Your Mortgage Payments? →

Roll the clock back to April 2020, and major financial economists and property market commenters were sounding the alarm. The very best-case scenario was a 5% drop in property values by the end of the year, and most were in the 10% to 15% range. They forewarned the Covid-19 stimulated recession would trim tens of … Continue reading No Deal Brexit – The Prediction for Rugby House Prices →

…and the three reasons why it will not be the catastrophic scenario some are predicting In the last few months, the Rugby (and UK) property market has resisted and flouted every economist’s prediction. With the economy a shadow of its former self, unemployment set to hit 11.9%, the Government on track to borrow nearly half … Continue reading Will the Rugby Property Market Crash in 2021? →

If the proposals were adopted in full, some Rugby landlords would pay £8,500 less Capital Gains Tax than they would currently The government borrowed £394bn this financial year (April ‘20 to April ’21). This figure does not include the cost of the November lockdown and support measures, which means the final bill will probably be … Continue reading Rugby Landlords and Second Homeowners Will Probably Save Money From The Proposed New Capital Gains Tax Changes →

Looking back at the Rugby property market for 2020, it certainly can be seen as a frenetic game of two halves, albeit with a very long half time in the spring. Between the General Election in mid-December and Christmas, many Rugby agents saw an unusually higher uplift in activity in the property market just as … Continue reading The 2020 Review of the Rugby Property Market →

… and the 5 ways on how all Rugby landlords can escape the worst of the coronavirus downturn on their Rugby rental property. With the second lockdown starting on the 5th November 2020, does this mean Rugby landlords can wave goodbye to their Rugby buy-to-let investment and see it go up in smoke on the … Continue reading Each Rugby Landlord Could be Hit by a £25,070 Bill →

Rugby homebuyers and Rugby landlords purchasing residential property have saved £198,050 since the Chancellor reduced stamp duty on 8th July 2020, yet many more Rugby homebuyers could miss out. My analysis of properties sold in Rugby from the Land Registry between the introduction of the stamp duty holiday on 8th July 2020 and 14th August … Continue reading Rugby Homebuyers Have Saved £198,050 Thanks to the Stamp Duty Holiday – Yet Many Could Miss Out →

Post lockdown, the need for Rugby families who want bigger homes has meant Rugby homebuyers must now to pay considerably more to trade up to that larger home… One thing that has come out of lockdown has been the inexorable movement of Rugby households wanting to upsize to a larger home. Often considered to be … Continue reading Rugby 2nd & 3rd Time Buyers Finding It Tougher (and Slower) to Move Up the Rugby Property Ladder →

The Rugby property market is an enigma and chock-full of contradictions. Notwithstanding an economic recession and forecasts of property values dropping, nobody seems to have informed the Rugby homeowners selling their homes and those Rugby people looking to buy them. As I have discussed in many recent articles on the locality, the Rugby property market … Continue reading Why are Some Banks Reining in Over-Enthusiastic Rugby Homebuyers and Buy-to-Let Investors? →

Leamington has always been a town which benefits from its central location, just a short drive from Stratford-upon-Avon, Warwick, Kenilworth and Coventry, Leamington is also well-connected by rail to business hubs including London and Birmingham. Let’s start with some fun facts Overall prices have continued to grown by 0.7% since the end of April. An … Continue reading Leamington Spa & Warwick Property Market Update →

There are 3 principles that work when selling a home – Presentation Price and Promotion. Decisions house sellers make on these principles can avoid underselling their home. Preparing your home for viewers and making the right choice of estate agent, will not only ensure your property is sold faster, but can potentially add thousands of … Continue reading How to sell your home FAST, and for more money →

It is always important to understand what is going on in the local housing market. As part of our ongoing service to you, please watch, listen or read our local housing trends in Rugby Town. We can also have a bit of fun, comparing our area to the UK as a whole. I’m Brendan Petticrew, … Continue reading Rugby Town – is the housing market depressed or booming? →

Nationally, the number of new homes created in 2018 was 222,194, the highest since 1989. Yet since 2002, the average number of properties built in the UK has only been 146,700 per year. You would think, seeing all the new homes sites around, you could ask are we building too many houses, especially off the back … Continue reading New Home Building in Rugby 2018 rises to 16.2% above the post Millennium average →

Many Rugby people ponder the best places to invest their hard-earned savings and the best piece of advice I can give you is to do your homework and speak to lots of people. It depends on your attitude to risk versus reward. Normally, the lower the risk, the lower the reward whilst a higher risk … Continue reading Rugby Buy To Let Annual Returns Hit 12.18% in Last 10 Years →

Moving home is said to be the third most stressful life event, following a member of your family dying or getting divorced. So it is always best to keep your stress levels down by investigating and doing your homework on both the particular area of Rugby (or nearby conurbations) where you live (i.e. where you … Continue reading Which Rugby Properties are Selling the Best? →

A handful of Rugby landlords and homeowners have been asking me what would happen if we had another property crash like we did in 2008/9? The UK property crash in 2008/9 caused property prices in the UK to drop by an average of 18.37% in a period of 16 months. On the run up to … Continue reading What Has Happened to the Rugby Property Market Since the Last Property Market Crash? →

A few weeks ago, I suggested property values in Rugby would be between 0.9% and 1.9% different by the end of the year. It might surprise some people that Brexit hasn’t had an effect on the Rugby property market that most feared at the start of 2018. The basis of this point of view can … Continue reading How Did Brexit Affect the Rugby Property Market in 2018 – and its Future for 2019? →

With the Government preparing to control tenant’s deposits at five weeks rent, Rugby landlords will soon only be protected in the event of a single month of unpaid rental-arrears, at a time when Universal Credit has seen some rent arrears quadrupling and that’s before you consider damage to the property or solicitor costs. It can’t … Continue reading Rugby Tenant’s Deposits held total £3,697,525 →

Over the last 5 years, we have seen some interesting subtle changes to the Rugby property market as buying patterns of landlords have changed ever so slightly. The background to this story was the recently published set of buy-to-let (BTL) lending statistics. Roll the clock back 12 months and 6,700 BTL mortgages were granted (in … Continue reading Rugby House Prices up 27.5% in the last 5 Years →

The conventional way of categorising property in Britain is to look at the number of bedrooms rather than its size in square metres (square feet for those of you over 50!). My intuition tells me that homeowners and tenants are happy to pay for more space. It’s quite obvious, the more bedrooms a house or apartment has, the bigger … Continue reading Rugby Homeowners 87% More Likely To Live in a Home with 3+ Bedrooms than those that Privately Rent →

You read the personal finance pages of the newspapers and it all seems to be the impending pensions crisis … where people aren’t saving enough for their retirement. But it’s not the lack of Rugby peoples’ future pension incomes that are my immediate concern. The fact is that so many of the future retirees in … Continue reading Live in Rugby? About to Retire and Privately Rent? You Could be £4,300 a Year Worse Off! →

As we go full steam ahead into 2019, it’s certain that the Rugby housing market in 2018 was a little more restrained than 2016 and 2017 and I believe this will continue into 2019. Property ownership is a medium to long term investment so, looking at the long-term, the average Rugby homeowner, having owned their … Continue reading Rugby Homeowners Have Made an Annual Profit Of £8,194 Since the Millennium →

With constant advances in technology, medicine and lifestyles, people in the Rugby area are, on average, living longer than they might have a few decades ago. As Rugby’s population ages, the problem of how the older generation are accommodated is starting to emerge. We, as a town, have to consider how we supply decent and appropriate accommodation … Continue reading As OAP’s set to rise to 1 in 4 of Rugby’s population by 2037 – Where are they all going to live? →

“I just love looking over and keeping up to date the 108 pieces of legislation that govern the rental of residential property in the UK”   …No Rugby Landlord, ever If you are one of the 1,861 Rugby landlord’s that manages your own property, would it surprise you to know that there are 108 separate pieces … Continue reading The £5,068,520 Ticking Time Bomb for Rugby Landlords →

A few months ago, I wrote an article on the Rugby Property Blog about the length of time it took to sell a property in Rugby and the saleability of the different price bands (i.e. whether the lower/middle or upper local property markets were moving slower or quicker than the others). For reference, a few … Continue reading 2 bed or 3 bed homes – Which Sell the Best in Rugby? →

What is it to be British? Our stubbornness, long-suffering stoicism, our vexation at injustice, our obsession with football and rugby, we are weather obsessed external awkward noncommittal modest people whilst underneath seething like a volcano because someone jumped the queue….. and our No.1 obsession is with the property ladder. This ‘love affair’ with owning our own … Continue reading Rugby First Time Buyers Need 7.5 Times Annual Salary to Get on Housing Ladder →

It doesn’t seem two minutes ago that it was 90 degrees Fahrenheit in the shade (32 degrees Celsius for my younger readers), hosepipe bans looked likely and it was simply too hot to sleep at night, yet early indications were, that as the temperatures soared, the Rugby property market appeared to be doing the reverse … Continue reading Rugby Property Market: Is Sell to Rent the new Buy to Let? →

There is no escaping the fact that over the last couple of decades, the rise in the number buy to let properties in Rugby has been nothing short of extraordinary.  Many in the “left leaning” press have spoken of a broken nation, the fact many youngsters are unable to buy their first home with the … Continue reading 7 Reasons Why Rugby Buy To Let Landlords Shouldn’t Be Criticised ​ →

The Rugby housing market is a fascinating beast and has been particularly interesting since the Credit Crunch of 2008/9 with the subsequent property market crash. There is currently some talk of a ‘property bubble’ nationally as Brexit seems to be the ‘go-to’ excuse for every issue in the Country. Upon saying that, looking at both … Continue reading Rugby House Prices vs Rugby Rents since 2006 →

The number of residential property transactions in Rugby will be 10.1 per cent lower in 2018, compared to 2017. According to my research, the seasonally adjusted statistics for our local authority area suggest with the number of properties already sold in 2018, and the number of properties currently under offer or sold subject to contract … Continue reading 10.1% Drop in the Rugby Property →

Whether you are a Rugby landlord looking to liquidate your buy to let investment or a homeowner looking to sell your home, finding a buyer and selling your property can take an annoyingly long time. It is a step-by-step process that can take months and months. In fact, one of the worst parts of the … Continue reading 25 Days to Sell a Property in Rugby →

The combined value of Rugby’s housing market has fallen by £154,363,248 in the last 6 months, meaning the average value of a Rugby property has decreased in value by an average of £6,084.   This is great news for Rugby first time buyers and Rugby buy to let landlords, as there is a slight hesitation … Continue reading Value of Rugby Property Market falls £154.4m →

Over the last twenty years, there has been a shift in the way the Rugby (and the UK’s) property market works. In the 1960’s, 70’s, 80’s and 90’s, a large majority of twenty somethings saved up their 5% deposit, went without life’s luxuries of going out and holidays etc., for a couple of years and … Continue reading ‘Taxing’ Time for the 2,722 Rugby Buy To Let Landlords →

Living in our own homes or owning buy to let property in Rugby and the surrounding areas, it’s often easy to ignore the regional and national picture when it comes to property. As a homeowner or landlord in Rugby, consideration must be given to these markets, as directly and indirectly, they do have a bearing … Continue reading Rugby Property Market – How Does It Compare Historically to the West Midlands and National Property Market’s?​ →

The current average value of a property in Rugby currently stands at £254,300 and the base rates at 0.5%. In many of my articles, I talk about what is happening to property values over the short term (i.e. the last 12 months or the last 5 years), but to answer this question we need to … Continue reading What Will Happen to Rugby Property Values if Interest Rates Rise? →

Are you up to speed with all 170 Rented Sector Regulations?​ We are coming across landlords on a daily basis who currently manage their own tenancies, for want of a better word – ‘unintentionally badly’. Legislation now imposed on landlords is lengthy and ongoing – 170 items to be exact. It is abundantly clear from … Continue reading How Valuable is your Time? →

A drop in available properties is pushing asking price rents to record highs, Rightmove has reported. The portal says that available stock has dropped 8.7%, exacerbated by a 19.4% fall in London. National asking prices for new rents, excluding London, in the third quarter this year are £802. It is the first time that average … Continue reading Exit of landlords from market pushing up asking rents as stock drops →

I have been doing some research, looking both at National and Regional reports on the demand and supply of property and people together with future projections on the economy, population and family demographics with some interesting results.  According to the Office of National Statistics, in the last financial year nationally, private renting grew by 74,000 … Continue reading Additional 2,045 Rugby Rented Homes Required by 2027 →

And if it does … who will be the winners and losers? Those Rugby people wanting property values to drop would be those 30 or 40 something’s, sitting on a sizeable amount of equity and hoping to trade up (because the percentage drop of your current ‘cheaper’ property will be much less than the same percentage drop … Continue reading Will the Rugby Property Market Crash? →

There is good news for Rugby buy to let landlords as ‘top of the range’ well-presented properties are getting really decent rents compared to a year ago however, this rise in rents is thwarting many potential first time buyers from saving for both a deposit and money for a rainy day. On top of this, … Continue reading 67% Drop in Properties For Sale Today in Rugby Compared to 10 Years Ago →

As we leave the memorably hot summer behind us, some interesting statistics have come to light on the Rugby Property Market which will be thought provoking for both homeowners and buy to let landlords alike. Over the last 12 months 1,258 households have changed hands in Rugby, interesting when compared with the 10-year average of … Continue reading Great(er) Expectations: Why Rugby Home Sellers are Having to Reduce Their Asking Prices by an Average of £15,800 Each →

It’s been nearly 18 months since Sajid Javid, the Tory Government’s Housing Minister published the White Paper “Fixing the Broken UK Housing Market”, meanwhile Rugby property values continue to rise at 9.8% (year on year for the council area) and the number of new homes being constructed locally bumps along at a snail’s pace, creating … Continue reading Rugby Property Values 9.8% higher than year ago – What’s the PLAN to fix the Rugby Property Market? →

Nearly 5 babies have been born for every new home that has been built in Rugby since 2012, deepening the Rugby housing shortage. This discovery is an important foundation for my concerns about the future of the Rugby property market – when you consider the battle that todays twenty and thirty somethings face in order … Continue reading Nearly Five Babies Born for Every New Home Built in the Past Five Years in Rugby →

A noteworthy number of buy to let landlords in Britain plan to buy more properties over the next year notwithstanding the frustrations, challenges and seismic changes in the private rented sector. According to Aldermore, the specialist Buy To Let lender, their research shows around 41% of portfolio buy to let landlord’s objective is to grow … Continue reading 765 Rugby Landlords Plan to Expand Their Buy To Let Portfolios →

In my blog about the Rugby Property Market I mostly only talk about two of the three main sectors of the local property market, the ‘private rented sector’ and the ‘owner occupier sector’. However, as I often stress when talking to my clients, one cannot forget the third sector, that being the ‘social housing sector’ … Continue reading Extra Funding Is Required for Affordable Homes in Rugby →

The Millennials were born between the mid 1980’s and late 1990’s thus making them between the age of around 22 to late 30’s. They are the imaginative, artistic youngsters who grew up with the newest tech and computers and who are huge aficionados of music festivals, gourmet pizzas, emoji’s, selfies and old school nostalgia. Also … Continue reading Rugby Millennials Have Spent £102,010 On Rent By The Age of 35 →

Beast from the East, Russia, Facebook, Brexit, Trump, House prices up, House prices down … the Press is full of column inches on Brit’s favourite subjects of politics, scandal, weather and not forgetting (and I appreciate the irony of this!) the property market. As an agent belonging a national group of letting and estate agents, talking … Continue reading Rugby Property Market – Which Houses are Actually Selling? →

As I have mentioned a number times in my local property market blog, with not enough new-build properties being built in Rugby and the surrounding area to keep up with demand for homes to live in (be that tenants or homebuyers), it’s good to know more Rugby home sellers are putting their properties on to … Continue reading 39% More Rugby Home Owners Wanting to Move Than 12 Months Ago →

The value of all the homes in Rugby has risen by more than 262% in the past two decades, to £6.619bn, meaning its worth more than the stock listed company British Land Company, which is worth £6.505bn. Those Rugby homeowners and Buy-to-Let landlords who bought their homes twenty or more years ago have come out … Continue reading Rugby Property Market Worth More Than British Land Co →

As our families grow bigger the need for more space, be that bedrooms or reception rooms, has grown with it. Also, as our older generation lives longer and nursing home bills continue to rise quicker than a rocket on the 5th of November  (the average nursing home bill in the area being £777.75 per week) … Continue reading An extension could add £50,650 to the value of your Rugby home →

Could you be facing a £30,000 Fine?  The Government are clamping down on rogue landlords and rogue letting agents in a bid to make the private rental sector safer for tenants. You can read the article in full here: https://www.gov.uk/government/news/new-boost-to-rogue-landlord-crackdown?utm_source=BriefYourMarket&utm_medium=Newsletter%2c+Email&utm_term=&utm_content=NALS+News+12%2f04%2f2018&utm_campaign=Instance%3a+nalscheme.briefyourmarket.com+-+MessageId%3a+1369 Follow me on Facebook – https://www.facebook.com/rugbypropertyexperts/ Visit the blog – https://wordpress.com/view/rugbypropertyblog.wordpress.com  

That got your attention … didn’t it! But before we start, what is Generation X, let alone Generation Z, Millennials, Baby Boomers  … these are phrases banded around about the different life stages (or subcomponents) of our society. But when terminologies like this are used as often and habitually as these phrases (i.e. Gen X … Continue reading Rugby’s ‘Millennials’ set to inherit £366,555 each in property! →

Yes, I said ‘rentirement’, not retirement … rentirement and it relates to the 653 (and growing) Rugby people, who don’t own their own Rugby home but rent their home, privately from a buy to let landlord and who are currently in their 50’s and early to mid-60’s. The truth is that these Rugby people are … Continue reading Rugby’s £120,047,520 “Rentirement” Property Market Time Bomb →

Download this report as a pdf Market snapshot – Rugby – 16 February 2018

As I am sure you are aware, one the best things about my job as an agent is helping Rugby landlords with their strategic portfolio management. Gone are the days of making money by buying any old Rugby property to rent out or sell on. Nowadays, property investment is both an art and science. The … Continue reading Rugby Private Rents Hit £10.83 per sq. foot →

As we go headlong into 2018, I believe UK interest rates will stay low, even with the additional 0.25% increase that is expected in May or June. That rise will add just over £20 to the typical £160,000 tracker mortgage, although with 57.1% of all borrowers on fixed rates, it will probably go undetected by … Continue reading £439 per month – The Profit made by every Rugby Property Owner over the last 20 years →

Looking at the newspapers between Christmas and New Year, it seemed that this year’s sport in the column inches was to predict the future of the British housing market. So to go along with that these are my thoughts on the Rugby property market. With the average 5-year fixed rate mortgage at 1.98% (down from … Continue reading With Rugby Annual Property Values 6.2% Higher, This is My 2018 Forecast →

Well the fallout from the recent Budget is still continuing.  I was chatting to a couple of movers and shakers from the Rugby area the other day, when one said, “There isn’t enough land to build all these 300,000 houses Philip Hammond wants to build each year”. …and if you read the Daily Mail, you … Continue reading 6.69% of Rugby is Built on … Building Plot Dilemma or Not? →

It’s now been a good 12/18 months since annual rental price inflation in Rugby peaked at 3.9%. Since then we have seen increasingly more humble rent increases. In fact, in certain parts of the Rugby rental market over the autumn, the rental market saw some slight falls in rents. So, could this be the earliest … Continue reading Rugby Rents Set to Rise to £818 pm in Next 5 Years →

As the winter months draw in and the temperature starts to drop, keeping one’s home warm is vital. Yet, with the price of gas and electricity rising quicker than a Saturn V rocket and gas, oil and electricity taking on average 4.4% of a typical Brit’s pay packet (and for those Brit’s with the lowest … Continue reading One in 20 rental properties in the Rugby area will be illegal in 2018 →

Rugby homeowners will be among those affected by the latest rise in the Bank of England interest rates. The first increase in 10 years; they have just been raised from 0.25 percent to 0.5 per cent. This uplift comes as inflation hits a 51-month high of 2.9 per cent whilst the national unemployment rate is … Continue reading Increase in Interest Rates to cost Rugby Home Owners £243.73 a year →

In the credit crunch of 2008/9 the rate of home moving plunged to its lowest level ever. In 2009 the rate at which a typical house would change hands slumped to only once every 22 years. The biggest reason being that confidence was low and many homeowners didn’t want to sell their home as Rugby … Continue reading Rugby Homeowners Are Only Moving Every 15 Years (Part 2) →

As I mentioned in a previous article, the average house price in Rugby is 6.52 times the average annual Rugby salary. This is higher than the last peak of 2008, when the ratio was 5.98. A number of City commentators anticipated that in the ambiguity that trailed the Brexit vote, UK (and hence Rugby) property … Continue reading Rugby Home Owners Are Only Moving Every 15 Years (Part 1) →

I recently read a report by the Yorkshire Building Society that 54% of the country has seen wages (salaries) rise faster than property prices in the last 10 years. The report said that in the Midlands and North, salaries had outperformed property prices since 2007, whilst in other parts of the UK, especially in the … Continue reading Rugby House Prices Outstrip Wage Growth by 2.35% since 2007 →

Moving to a bigger home is something Rugby people with growing young families aspire to. Many people in two bedroom homes move to a three-bedroom home and some even make the jump to a four-bed home. Bigger homes, especially three-bed Rugby homes are much in demand and it can be a costly move. If you … Continue reading Moving from a 2 bed Rugby Property to a 4 bed will cost you £833 pm →

I was having a lazy Saturday morning, reading through the newspapers at my favourite coffee shop in Rugby.  I find the most interesting bits are their commentaries on the British Housing Market.  Some talk about property prices, whilst others discuss the younger generation grappling to get a foot-hold on the property ladder with difficulties of … Continue reading 28.7% Drop in Rugby People Moving Home in the Last 10 Years →

David Gray, 34-year-old father of two from Rugby, was out house hunting. It was a pleasant August Saturday afternoon, and our man cycles along on his bike. He cycles up a street of suburban semis, where he spots a few retired mature neighbours, chatting to each other over the garden fence. He leans his bicycle … Continue reading Decreasing Numbers of Younger Homeowners in Rugby →

Over the last 12 months, the UK has decided to leave the EU, have a General Election with a result that didn’t go to plan for Mrs May and to add insult to injury, our American cousins elected Donald Trump as the 45th President of the United States. It could be said this should have caused … Continue reading Rugby Homeowners and their £1.37 billion Debt →

On several occasions over the last few months, in my Rugby Property Blog, I predicted that the rate of rental inflation (i.e. how much rents are rising by) had eased over the last year. At the same time I felt that in some parts of the UK rents had actually dropped for the first time … Continue reading Rugby Buy-To-Let Predictions up to 2037 →

Well last week’s article “The Unfairness of the Rugby Baby Boomer’s £2,891,690,000 windfall?” caused a stir. In it we looked at a young family member of mine who was arguing the case that Millennials (those born after 1985) were suffering on the back of the older generation in Rugby. They claimed the older generation had … Continue reading Rugby Baby Boomers vs. Rugby Millennials (Part 2) →

Recently I was having a chat with one of my second cousins at a big family get-together. The last time I had seen them their children were in their early teens. Now their children are all grown up, have partners, dogs and children. Wow – how time flies! So, I got talking over a glass … Continue reading The Unfairness of the Rugby Baby Boomer’s £2,891,690,000 Windfall? (Part 1) →

The Chancellor of the Exchequer announced a 3% hike in Stamp Duty Land Tax (SDLT) on buy-to-let properties and second homes in the 2016 Autumn Statement. This was met with “outrage” from various quarters, such as the Association of Residential Letting Agents (ARLA) and others who describe it as “the nail in the coffin of … Continue reading Stamp Duty Hike Means Act Fast for Investment Buyers! →

In November 2015, George Osborne disclosed plans to restrain the buy-to-let (BTL) market, implying its growing attractiveness was leaving aspiring first time buyers contesting with landlords for the restricted number of properties on the market.  One of things he brought in was that tax relief on BTL mortgages would be capped, starting in April 2017.  … Continue reading 4,771 Rugby Landlords – Is This a Legal Tax Loop-Hole? →

Should you buy or rent a house? Buying your own home can be expensive but could save you money over the years. Renting a property through a letting agent or private landlord offers less autonomy to live by your own rules, with more flexibility if you need to move. Yet, there is third way that … Continue reading Council House Waiting List in Rugby Drops by 73.3% in last 5 years →

I received a very interesting email the other day from a Rugby resident. He declared he was a Rugby homeowner, retired and mortgage free. He stated how unaffordable Rugby’s rising property prices were and that he worried how the younger generation of Rugby could ever afford to buy? He went on to ask if it … Continue reading Rugby First Time Buyers Mortgages taking 28.6% of their Wages →

There are 23.36 million properties in England and Wales with 64% being owner occupied and 36% being rented either from a private landlord, local authority or housing association. Over nine out of ten of those English and Welsh owner-occupied properties are a whole house or bungalow. Now, most people would assume they would be freehold … Continue reading 1 in 16 Rugby Properties are Leasehold →

According to the Land Registry’s latest House Price Index for Rugby and the surrounding locality, the value of apartments/flats are rising at a faster rate than terraced/town houses, semi-detached properties and even detached property.   Values of apartments in Rugby have increased by 4.53% over the past year, which is proportionally 42% more than the … Continue reading Rugby Flats Out Perform Property Market Average by 42% →

As more babies are being born to Rugby mothers, I believe this increase will continue to add pressure to the over stretched Rugby property market and materially affect the local property market in the years to come.   On the back of eight years of ever incremental increasing birth rates, a significant 5.50 babies were … Continue reading 5.50 Babies Born for Each New Home Built in the Rugby area →

So all cards up in the air! A general election will be on the books, but one thing is for sure … whoever gets the job to deal with Brexit has a hard job on their hands (I’m just glad its not me!) As it currently stands, by not assuring the rights of EU citizens in … Continue reading Hard Brexit could cause 1,800 properties to be dumped onto the Rugby Property market. →

How does that affect the Rugby Property Market? It might surprise you that it isn’t always the poshest villages around Rugby or the swankiest Rugby streets where properties sell and let the quickest. Quite often, it’s the ones that have the best transport links. I mean, there is a reason why one of the most popular property programmes on … Continue reading 2,281,588 People use Rugby Train Station a year – →

The Rugby Property Market is a very interesting animal and has been particularly fascinating over the last 12 years when we consider what has happened to Rugby rents and house prices. There’s currently much talk of what will happen to the rental property market following Brexit. To judge that, I believe we must look what … Continue reading Rugby Rents rise by 14.8% since 2005 →

2017 has started with some positive interest in the Rugby property market.  Taking a snap shot of the Rugby property market for the first quarter of 2017, the picture suggests some interesting trends when it comes to the number of properties available to buy, their asking prices and what prices properties are actually selling for. … Continue reading Only 176 Properties For Sale in Rugby →

The Rugby housing market has gone through a sea change in the past decades with the Buy-to-Let (B-T-L) sector evolving as a key trend, for both Rugby tenants and Rugby landlords. A few weeks ago, the Government released a White Paper on housing. I have had a chance now to digest the report and wish … Continue reading How The Rented Sector Has Transformed The Property Market In Rugby →

Investing in Rugby buy to let property is different from investing in the stock market or depositing your hard-earned cash in the Building Society. When you invest your money in the Building Society, this is considered by many as the safe option but the returns you can achieve are awfully low (the best 2-year bond … Continue reading ‘Flipping’ Heck – Rugby Property Values Rise by £35.18 a day →

The good old days of the 1970’s and 1980’s eh … with such lowlights as 24% inflation, 17% interest rates, 3 day working week, 13% unemployment, power cuts … those were the days (not)… but at least people could afford to buy their own home. So why aren’t the 20 and 30 something’s buying in … Continue reading ‘Generation Rent (Forever)’ – 4,180 Rugby Tenants have no intention of ever buying a property to call home →

Starting with the bigger picture, over the last 12 months in the UK, 1,061,557 properties were sold with a total value of £223.74 bn. To give that some context, ten years ago 1,581,727 properties sold with a total value of £405.56bn, so it can be seen the number of people moving house has dropped by … Continue reading Rugby First Time Buyers borrow £66.6m in the last 12 months →

If I were a buy to let landlord in Rugby today, I might feel a little bruised by the assault made on my wallet after being (and continuing to be) ransacked over the last 12 months by HM Treasury’s tax changes on buy to let. To add insult to injury, Brexit has caused a tempering … Continue reading With 10,886 people in Private Rented Properties in Rugby – Should you still be investing in Rugby Buy To Let? →

Recent statistics published by the Office of National Statistics show that there are 267,704 private rented households in the Country that are occupied by people aged 65 and older, meaning 4.39% of OAP’s are living in private rented property.   It got me thinking two things. How many of these OAP’s have always rented and … Continue reading 206 Rugby Households Occupied by OAP Renters →

“How much would it cost to buy all the properties in Rugby?” This fascinating question was posed by the 14-year-old son of one of my Rugby landlords when they both popped into my offices before the Christmas break (doesn’t that seem an age away now!). I thought to myself, that over the Christmas break, I … Continue reading £6.22bn – The total value of all Rugby Property Market →