Strategy and Management Consultants

SUPPORTING ENTREPRENEURS AND S.m.e.'s

Strategy and Management Consultants

SUPPORTING ENTREPRENEURS AND S.m.e.'s

Property

Property Consulting

Property owners could lose up to 99% of the rent charged:

Property owners say they face cuts of up to 99 per cent to the rent they charge telecoms firms to erect phone masts. If the Government’s Product Security and Telecommunications Infrastructure Bill passes its final stages in the House of Lords on Wednesday, it will allow mast owners to bypass the Land Tribunal system that adjudicated rents. Pricing for the right to install telecoms kit is now more closely aligned to utilities such as water, electricity and gas. __________________ This will destroy the economy, what can be done to combat the effects?

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Property Consulting

UK house prices fall as mortgage interest rates surge:

House prices dipped by 0.1% in September as mortgage interest are soaring- does this indicate a crash coming. The annual rate of house price growth also slowed to 9.9% in September from 11.4% in August – returning to single digits for the first time since January. It comes after the number of mortgage products available fell sharply following the recent mini Budget and as product choice has gradually returned, lenders have been pricing their mortgage deals upwards. Predicting what happens next means making sense of the many variables now at play and the housing market has

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Property Consulting

As the Pound faulters, Singaporeans are looking to purchase properties and travel to England:

The most historic weakening of the British Pound against the dollar is inspiring Singaporean's are looking to buy property in the UK. Properties in Central London are being snapped up as reported by property agents. There are other sorts of taxes that will be applied when buying a property in the UK such as inheritance tax and capital gains tax, which do not offset the benefits of a better exchange rate now.  If one already owns a property, then paying off the debt will be cheaper now, he said, adding that those planning to go for a holiday there will benefit from the bett

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Property Consulting

Average UK property costs 7 times the typical wage:

Due to the pandemic, the houses supply were limited and therefore had never been more unaffordable. The average house costs 7 times the amount of an average wage. Despite, the recent property crash of 15%, the mortgage interest rates will further put property acquisition out of reach for many. From the capital to the north the ranges are 11 times the earning to 4 and a half times. This shows that the regional differences are indeed, very stark. This is the case after the stamp duty cuts. _________________________ Do you think this is acceptable and what should be done to

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Property Consulting

Renter afraid to complain about property faults due to fears:

Renters are putting up with property faults including cracked windows, broken tiles, and leaky taps – as they fear complaining to their landlord would lead to rent increases or even eviction. Nearly half of the tenants don't like bother their landlord with requests for repairs unless its absolutely necessary because the rental market is too competitive . Of those, 62% found their landlords were frustrated to be contacted – with reasons for this including being too busy, costing too much, and it being a small request the tenants could live with. ______________ What do you

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Property Consulting

New stamp duty rules posed by Kwarteng:

The amount of Stamp duty tax payable on all property transactions was cut on Friday as part of Kwarteng's 'game-changing' growth plan. Buyers currently pay stamp duty after £125,000 of a home’s purchase price but, today, that threshold was doubled. This means buyers no longer pay stamp duty tax on the first £250,000 of a property purchase. The property price at which first-time buyers will pay stamp duty will be increased to £425,000, from £300,000. The steps taken mean that 200,000 people will be taken out of paying stamp duty all together. This is a permanent cut to stam

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Property Consulting

Speculated stamp duty cut to bring homebuyers up the ladder:

In today's mini budget there is speculation of stamp duty cuts which will save all homebuyers thousands of pounds and get more people onto and up the property ladder. This is parallel with the current goal of boosting economic growth. Under the current system no stamp duty is paid on the first £125,000 of any property purchase. The threshold at which the duty is paid for first-time buyers is £300,000. How much the buyers pay depends on the price and type of property including if it is residential or non-residential or mixed use. The mini-budget is also likely to include a

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Property Consulting

More houses are being sold despite interest rate hikes:

The interest rates have risen six months in a row and therefore the property transaction prices are rising. There was a 4.4% month-on-month rise from July, and was 9.7% higher than levels seen a year earlier in August last year. The number also represents an elevated position when compared to pre-pandemic levels – transactions in August 2022 were up 2.5% compared to the 111,600 seen in the same month in 2019. According to reports, the prime minister and chancellor Kwasi Kwarteng will announce the measure to stimulate economic growth on Friday as part of the mini-Budget. _

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Property Consulting

Boot has one of its “best ever” half years:

The construction and property group, Henry Boot, has reported that with the pre-tax profit being up by almost 70% than the previous half, it has had one of the "best ever" half years. The company has shown a pre-tax profit of £38.8m for the six months to 30 June 2022, up 68 per cent from £23.1m in the same period of 2021. It has had a strong stream of residential land sales and industrial development activity post- COVID. Revenue increased by 11.9 per cent to £144.4m, from £129m the year before, driven by land disposals and property development completions. ______________

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Property Consulting

Number of £5million-plus mortgages in UK goes up by two thirds:

 Figures from the Financial Conduct Authority (FCA) show the number of property sales with mortgage loan values of more than £5m leapt from 169 in 2020 to 279 last year – a 65% increase. It will be no surprise that the vast majority of this megabucks real estate is in and around London. Last year 220 mortgage loans of £5m-plus were secured on properties in Central and Greater London, compared with 49 in the other regions and 10 that were classified by the FCA as “unknown”. Property prices increased by around 10 per cent over the past two years, with the global health pande

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