Welcome to your monthly property update!

Welcome to your monthly property update!




<span style="font-family: Arial, Helvetica; font-size: 18px; font-weight: bold; text-align: center; display: block; width: 100%;">Could waiting to buy your new home cost you money?</span>

 
Making decisions can be difficult at the best of times. Buying a home is a big decision, so you can’t be blamed for becoming a little pensive or perhaps even anxious about making your move. Deciding whether you are going to move now or wait and see what happens is a dichotomy for some buyers. As soon as you turn on the news, you will no doubt be bombarded with the cost-of-living crisis, another interest rate rise, or another reason to worry. It’s little wonder some people decide to sit on the fence. But could doing that cost you more money?

Waiting for interest rates to fall may not save you money
There is little doubt that we have been spoiled in the past with ultra-low mortgage interest rates, and many analysts argue that they will never fall to this low level again. Inflation is falling, which will lead to a reduction in interest rates in the near future as the Bank of England expects inflation to fall to 5% by the end of this year.* In the meantime, as interest rates increase by small amounts, if you are not on a fixed-interest deal, your mortgage will increase. But while these small increases may feel unfair and, for some people, mean squeezing their budget, they could be insignificant in the face of rising house prices. Interest rates are also peaking, which means in the not-too-distant future they will come down.

Rising house prices balances your budget in the long run
Most people who buy a home in the UK will keep it for many years. House prices may fluctuate just as interest rates do. Despite the numerous recent rises in interest rates, average asking prices in May this year increased by 1.8%.** Interest rates are peaking, which means they will shortly begin to decrease. As interest rates and inflation continue to fall, house prices will ascend again. So, if you are waiting to see what happens, you run the risk of paying more for the home you want in the future. In February 2013, the average UK house price was £167,682 in February 2023, that figure stood at £288,000. *** Set against this longer-term perspective, if there are sudden and significant changes in the market, the reality for most homeowners is that their properties' value in the long run will cover the cost of these short-term increases in interest rates.

Properties are unique
There are no hard-and-fast rules. Local property markets are layered with unique and differing qualities. Whatever the national economic conditions are, the potential to gain equity in a home due to its condition, location, or potential can secure your investment in the face of challenging times. The possibilities are endless, and there is always room to buck the trend in a big way. The only limit is your imagination.

Mortgages
There is a huge choice of mortgages available on the market. Knowing that you can change your deal or re-mortgage when interest rates fall again has made some buyers think outside the box. Options such as porting, 35-year mortgage deals, green mortgages, 100% mortgages, and interest-only mortgage deals could decrease your monthly outgoings - if that is a factor when it comes to buying the home you want now. In the grand scheme of owning your home, high interest rate costs will essentially evaporate over time.
 
Are you fed up with waiting to make your big move? Browse our properties today.
 
Bank of England*
Rightmove**
Office for National Statistics***



<span style="font-family: Arial, Helvetica; font-size: 18px; font-weight: bold; text-align: center; display: block; width: 100%;">Interest-only mortgages are a good move to make for landlords</span>

 
If you are a landlord and are frustrated by the continuous rise in interest rates when all you want to do is start or expand your property portfolio, taking out an interest-only mortgage could be the answer. Many seasoned landlords choose this option when investing in property, even during the good times when mortgage interest rates were ultra-low.

Demand is incredibly strong
A survey conducted by paragon of 700 buy-to-let landlords found that 67% reported tenant demand over the first three months of 2023, up from 65% for quarter four of 2022.* Rents are increasing all the time, and one of the main reasons for this is rising interest rates. As a landlord, this will most likely be your biggest expense.

What is an interest-only mortgage?
Just as the title suggests, you only pay the interest and not the capital on an interest-only mortgage. At the end of the agreed-upon term, you must pay off the entire balance owed. Because you are only paying interest, your payments will be much cheaper compared with a capital repayment mortgage. Some landlords choose to sell their property to repay the outstanding balance.

So why choose an interest-only mortgage?
  • Increased profit: if your payments are lower, there is far greater scope to make a profit from your buy-to-let business. This also gives you stability and lowers the price of your overheads, which could be less than half of that when repaying a capital and interest mortgage.
  • Overpaying: while it’s possible to make overpayments on an interest-only mortgage, this will typically only reduce the amount of interest outstanding on the mortgage. If you choose to do this, your profit will increase further, giving you more options to expand your portfolio.
  • Your property’s value: in the long term, property increases in value. It’s not an absolute guarantee, but if you look into the past, despite short-term rises and falls, property values have significantly increased. This is not expected to change in the future. Therefore, it is reasonable to assume that at the end of the term of your mortgage (or if you sell up half or part way through your investment), there will be a profit between the capital outstanding balance on the amount you owe your lender and the selling price of your property.
  • You can develop and improve the property: with more profit to plough back into your property, you can develop it. This will add to its value, ultimately increasing how much rent you can charge. And when it’s time to sell up and move on to bigger and better things, you will achieve a greater return on investment. The greener you make your property, the more rent it could fetch while future-proofing your investment.
  • Security: preparing for the unexpected is a sure way to protect your investment. And by choosing an interest-only mortgage with fewer outgoings, you are already in a better position should the unexpected occur.
  • You can always change mortgages in the future: as you become more seasoned as a landlord, you may devise a strategy so that you own your buy-to-let property outright. There is nothing stopping you from changing your mortgage type after a few years. And in the meantime, use the profit you make with an interest-only mortgage to use as a deposit, reducing the cost of a capital and interest mortgage.
 
Browse our properties and create the buy-to-let portfolio you have always wanted.
 
Paragon*



<span style="font-family: Arial, Helvetica; font-size: 18px; font-weight: bold; text-align: center; display: block; width: 100%;">Why letting agents could hold the keys to success for landlords</span>

 
The buy-to-let market is undergoing many changes. Demand and rental prices continue to grow, with average asking rents outside of London rising for 13 consecutive quarters at £1,190 per calendar month, for new tenants during the first quarter of 2023. * This is good news for landlords because the increasing costs of interest rates and energy efficiency reforms are covered, and profits remain strong. Many of these changes and reforms can feel unsettling for landlords, which is why a good letting agent has never been more important. This is because, in order to protect your rights as a landlord, your property needs to be managed properly.

The Renters Reform Bill
This is on most landlords’ minds now and a cause for concern, but it needn’t be. Introduced to Parliament on May 17, 2023, but not expected to become law until October 2024. Its aim is to improve the lives of 2.3 million landlords. ** Section 8 will be strengthened, which allows landlords to end tenancy agreements early if they have good reason to do so. Despite the fears some have expressed about abolishing Section 21 "no fault" evictions, the reality is that it will make it easier for landlords to evict tenants for anti-social behaviour and repeated missed rent payments. And with the new legislation in place, landlords can insist on their tenants' pets having pet insurance, certificates, and, in the case of dogs, being microchipped. Landlords will be able to increase rents after a notice period. To make the most of this reform, landlords need to be compliant. By staying on the right side of the law, the law will protect you, ultimately helping you thrive as a landlord.

Referencing tenants
Agents have a database of tenants waiting to rent your property. But they will not do so unless the right screening process has been followed. Placing good tenants in your property is imperative and reduces the risk of any tenants who could act unlawfully while renting your property.

Experts on the property market
Agents know how to maximise your rent by understanding the market. From knowing which areas to invest to tips on making the most of your property. Expert agents who deal with tenants every day can protect your investment by understanding the competition and the latest trends.

Maintaining your property
Your property will be kept in tip-top shape by a team of reputable contractors who have a long-established relationship with your agent. Arranging inspections will give you peace of mind, and keeping your tenants happy will save you time and money by preventing costly repairs.

Preventing and sorting any disputes
By using an agent, your property, contract, and tenant placement processes will be kept compliant on all levels. This reduces the potential for any disputes, and if they do arise with an agent’s team behind you, any conflicts will be resolved quickly.

Time management
Managing property can feel like a full-time job; perhaps it is. From marketing to maintenance, contracts to conflicts, agents will save you time, stress, and worry. This frees up your time so you can concentrate on other aspects of your life, such as expanding your property portfolio while protecting your investment.
 
Excel as a landlord and embrace the changes that open doors of opportunity by contacting us today.
 
Rightmove*
GOV.UK**



<span style="font-family: Arial, Helvetica; font-size: 18px; font-weight: bold; text-align: center; display: block; width: 100%;">Demand for apartments and flats is reaching new heights!</span>

 
With fantastic views, minimal effort, and trendy, modern, and classical designs, apartments and flats are as appealing as ever when it comes to buying a place to live. So, it’s little wonder urban areas and remote locations are seeing healthy levels of interest in this convenient way of living.

Demand for one- and two-bedroom flats across the UK increased from 22% to 27% in the year to February 2023, while one- and two-bedroom flats for the same period in London accounted for 49% of demand.* There are a number of reasons for this. Easy living
If you don’t want to be weighed down by a big mortgage or large monthly bills, flats are the way forward. Often located near good transport links, shops, and amenities, adding to a potentially great social life with bars, pubs, and other apartment owners on your doorstep, life can be easier and potentially more fun than living in other forms of property.

Low maintenance
It’s most likely you will not have a garden to worry about, and if you do, it could be maintained for you. Alternatively, you may enjoy a balcony as an outdoor space, in which case you can enjoy the novelty of good views and a different perspective on things. It’s easier to keep on top of cleaning with little or no maintenance involved.

Cost of living
As interest rates rise and the cost of energy soars, although right now some of these expenses are at last reducing, simply heating a flat often costs much less than even a modest terraced house. Decorating and revamping an apartment is most likely to be more affordable.

First steps and more
Typically the domain of first-time buyers or perhaps individuals who have chosen to retire, apartments are becoming increasingly popular with a broader demographic as they improve in size, quality, and location.

A great investment
The demand for flats and apartments is always high. If one day you wake up and decide you want to rent it out, you are guaranteed to get a good income without facing costly maintenance bills. And because of this rental and buyer demand for properties of this type represent a stable investment.

Energy-efficiency
Consuming less energy for heating and lighting thanks to good insulation and proximity to other buildings makes flats more energy efficient. And if they need updating to improve this, then those costs are also significantly less than for larger properties.

Downsizing
Many people are downsizing. Perhaps the family has flocked the nest. An increasing number of people choose to live life as an experience, want to spend more time and money travelling, have hobbies or work in many locations throughout the world, and don’t want to be tied down.

Outlook for the future
The UK property market is proving resilient and offers a huge diversity of architecture and property options for you to choose from and enjoy. Whether you buy a flat as a buy-to-let, as a private dwelling, or both. Demand is expected to grow solidly well into the future.
 
Looking for a house or an apartment? Browse our properties to find the one you want to buy.
 
Zoopla*



<span style="text-align: center; display: block; width: 100%;"><span style="font-size: 18px; font-family: Arial, Helvetica;">Corinthia Residences, London, SW1A </span></span>

This impressive lateral residence offers an incomparable London...
 
£17,000,000

Click here to read <span style="text-align: center; display: block; width: 100%;"><span style="font-size: 18px; font-family: Arial, Helvetica;">Corinthia Residences, London, SW1A </span></span>.



<span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">Southbank Tower, London, </span></span><span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">SE1</span></span>

A luxurious and beautifully furnished 3 bedroom, 3 bathroom...
 
£34,667 PCM

Click here to read <span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">Southbank Tower, London, </span></span><span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">SE1</span></span>.



<span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">One Blackfriars, London, </span></span><span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">SE1</span></span>

This luxurious 3-bed 2-bath apartment measuring 1645 sq ft comes...
 
£3,300,000

Click here to read <span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">One Blackfriars, London, </span></span><span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">SE1</span></span>.



<span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;"> 10 Whitehall Place, London, SW1A</span></span>

This impressive lateral residence offers an incomparable London living experience...
 
£32,500 PCM

Click here to read <span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;"> 10 Whitehall Place, London, SW1A</span></span>.



<span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">One Blackfriars, London, </span></span><span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">SE1</span></span>

This luxurious 2-bed 2-bath apartment epitomizes luxury & offers breathtaking...
 
£2,450,000

Click here to read <span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">One Blackfriars, London, </span></span><span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">SE1</span></span>.



<span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">Trevor Place, Knightsbridge, London, SW7</span><br /></span>

The charming terraced house at Trevor Place is well-proportioned in the...
 
£19,500 PCM

Click here to read <span style="text-align: center; display: block; width: 100%;"><span style="font-family: Arial, Helvetica; font-size: 18px;">Trevor Place, Knightsbridge, London, SW7</span><br /></span>.



<span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Southbank Tower, London, SE1 </span>

The fabulous apartment encompasses a fully fitted impressive...
£2,350,000

Click here to read <span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Southbank Tower, London, SE1 </span>.



<span style="text-align: center; display: block; width: 100%; font-weight: bold; font-family: Arial, Helvetica; font-size: 18px;">Southbank Tower, London, SE1 </span>

A luxurious 2 bedroom, 2 bathroom apartment is available for sale. 
 
£1,400,000

Click here to read <span style="text-align: center; display: block; width: 100%; font-weight: bold; font-family: Arial, Helvetica; font-size: 18px;">Southbank Tower, London, SE1 </span>.



<span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">One Blackfriars London, SE1</span>

This stunning 2 bed 2 bath has been interior designed with luxury appliances...
 
 £6,995 PCM

Click here to read <span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">One Blackfriars London, SE1</span>.



<span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Battersea Power Station, London, SW11</span>

A stunning two-bedroom, two-bathroom apartment measuring...
£6,912 PCM

Click here to read <span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Battersea Power Station, London, SW11</span>.



<span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">10 Electric Boulevard, London, SW11 </span>

A brand new 2 bedroom apartment, 2 bathrooms plus a winter garden...
£6,067 PCM

Click here to read <span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">10 Electric Boulevard, London, SW11 </span>.



<span style="text-align: center; display: block; width: 100%; font-weight: bold; font-family: Arial, Helvetica; font-size: 18px;">7 Baltimore Wharf, London, </span><span style="text-align: center; display: block; width: 100%; font-weight: bold; font-family: Arial, Helvetica; font-size: 18px;">E14 </span>

This bright and spacious sub penthouse provides open plan living...
£1,365,000

Click here to read <span style="text-align: center; display: block; width: 100%; font-weight: bold; font-family: Arial, Helvetica; font-size: 18px;">7 Baltimore Wharf, London, </span><span style="text-align: center; display: block; width: 100%; font-weight: bold; font-family: Arial, Helvetica; font-size: 18px;">E14 </span>.



<span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Ability Place, London,</span><span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">E14 </span>

Alongside the outstanding large private terrace, the apartment features...
£900,000

Click here to read <span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Ability Place, London,</span><span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">E14 </span>.



<span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Cleland House, London, SW1P</span><span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;"><br /></span>

This remarkable and modern luxurious two-bedroom apartment, in the stunning...
£5,633 PCM

Click here to read <span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Cleland House, London, SW1P</span><span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;"><br /></span>.



<span style="text-align: center; display: block; width: 100%; font-size: 18px; font-weight: bold; font-family: Arial, Helvetica;">Southbank Tower, London, SE1</span>

A fabulous dual-aspect and luxurious two-bedroom, two-bathroom...
 
£5,300 PCM

Click here to read <span style="text-align: center; display: block; width: 100%; font-size: 18px; font-weight: bold; font-family: Arial, Helvetica;">Southbank Tower, London, SE1</span>.



<span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Southbank Tower, London, SE1</span>

A spectacular luxury 1 bedroom, 1 bathroom studio apartment...
 
£700,000

Click here to read <span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Southbank Tower, London, SE1</span>.



<span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;"> Landmark East Tower, E14</span>

This fabulous 3 bedroom, 2 Bathroom Apartment (incl 1 ensuite)...
£5,499 PCM

Click here to read <span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;"> Landmark East Tower, E14</span>.



<span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">264 Finchley Road, London, NW3</span>

A luxurious penthouse boasting three bedrooms and two bathrooms...
 
£5,200 PCM

Click here to read <span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">264 Finchley Road, London, NW3</span>.



<span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Southbank </span><span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Tower, London, SE1</span>

A luxurious 2 bedroom, 2 bathroom apartment is available for letting from...
 
 £5,200 PCM

Click here to read <span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Southbank </span><span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;">Tower, London, SE1</span>.



<span style="font-family: Arial, Helvetica; font-size: 18px; text-align: center; display: block; width: 100%;">Damac </span><span style="font-family: Arial, Helvetica; font-size: 18px; text-align: center; display: block; width: 100%;">Tower, London, </span><span style="font-family: Arial, Helvetica; font-size: 18px; text-align: center; display: block; width: 100%;">SW8</span>

Coldwell Banker is pleased to offer this 2-bedroom, 2-bathroom...
 
£5,000 PCM

Click here to read <span style="font-family: Arial, Helvetica; font-size: 18px; text-align: center; display: block; width: 100%;">Damac </span><span style="font-family: Arial, Helvetica; font-size: 18px; text-align: center; display: block; width: 100%;">Tower, London, </span><span style="font-family: Arial, Helvetica; font-size: 18px; text-align: center; display: block; width: 100%;">SW8</span>.



<span style="font-family: Arial, Helvetica; font-size: 18px; text-align: center; display: block; width: 100%;">264 Finchley Road, London, NW3</span>

A super 2 bedroom, 2 bathroom plus a balcony in the luxurious... 
 
£3,750 PCM

Click here to read <span style="font-family: Arial, Helvetica; font-size: 18px; text-align: center; display: block; width: 100%;">264 Finchley Road, London, NW3</span>.



<span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;"> One Casson Square, London, SE1 </span>

A stunning studio apartment, located on the upper floors of 1 casson square...
 
£3,142 PCM

Click here to read <span style="text-align: center; display: block; width: 100%; font-family: Arial, Helvetica; font-size: 18px;"> One Casson Square, London, SE1 </span>.



<span style="text-align: center; display: block; width: 100%; font-size: 18px; font-family: Arial, Helvetica;">Catalina </span><span style="text-align: center; display: block; width: 100%; font-size: 18px; font-family: Arial, Helvetica;">House, London, </span><span style="text-align: center; display: block; width: 100%; font-size: 18px; font-family: Arial, Helvetica;">E1</span>

A 1 bedroom apartment with balcony within Goodman's...
 
£3,000 PCM

Click here to read <span style="text-align: center; display: block; width: 100%; font-size: 18px; font-family: Arial, Helvetica;">Catalina </span><span style="text-align: center; display: block; width: 100%; font-size: 18px; font-family: Arial, Helvetica;">House, London, </span><span style="text-align: center; display: block; width: 100%; font-size: 18px; font-family: Arial, Helvetica;">E1</span>.



<span style="text-align: center; display: block; width: 100%;"><span style="font-size: 18px; font-family: Arial, Helvetica;">Southbank Tower, London, </span></span><span style="text-align: center; display: block; width: 100%;"><span style="font-size: 18px; font-family: Arial, Helvetica;">SE1 </span></span>

A spectacular luxury 1 bedroom, 1 bathroom apartment located within this superb...
 
£899,000

Click here to read <span style="text-align: center; display: block; width: 100%;"><span style="font-size: 18px; font-family: Arial, Helvetica;">Southbank Tower, London, </span></span><span style="text-align: center; display: block; width: 100%;"><span style="font-size: 18px; font-family: Arial, Helvetica;">SE1 </span></span>.