Why Are Northampton Council Tax Payers Getting Stung?

Buying and selling a home in Northampton isn’t the easiest or cheapest thing you will ever do. Estate Agent fees, Solicitors fees, Survey fees, Mortgage fees, Removal Van… the costs just mount up throughout every step of the move. Last week, a Northampton landlord asked me whether the Council Tax Band made a difference to…

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Over 30% Premium for a Northampton New Build

According to the National House Building Council (NHBC), more than 14,400 new homes were registered to be built in the East Midlands last year, an increase of 18.7% on 2016 levels of 12,200 dwellings. Great news when you consider it is the highest number of new builds in the region since the pre-recession levels of…

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How much do you make by owning a Northampton Property?

As we go headlong into 2018, I believe UK interest rates will stay low, even with the additional 0.25% increase which 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…

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Northampton’s £366,653,520 “Rentirement” Property Market Time Bomb

Yes, I said ‘rentirement’, not retirement… rentirement and it relates to the 1,791 (and growing) Northampton people, who don’t own their own Northampton 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 Northampton people are prospectively…

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Northampton Apartments are more affordable than 10 years ago

My research shows that certain types of Northampton property are more affordable today than before the 2007 credit crunch. Roll the clock back to 2007 just before the credit crunch hit which saw Northampton property values plummet like a lead balloon and the Northampton property market had reached a peak with the prices for Northampton…

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Northampton Property Market and Hammond’s Budget Promise to Build 300,000 more homes

I miss the good old days of George Osborne as Chancellor, with his hardhat and hi-vis jacket. He must have visited every new home building site in the UK with his trademark attire! For the last few years, the nearest Philip Hammond got to donning a ‘Bob the Builder’ outfit was at his grandchild’s birthday…

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How does the interest rate rise affect Northampton homeowners

Northampton 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…

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Northampton Homeowners Are Only Moving Every 13 Years (part 2)

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 21 years. The biggest reason for this being that confidence was low and many homeowners didn’t want to sell their home…

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Northampton Home Owners Are Only Moving Every 13 Years (part 1)

As I mentioned in a previous article, the average house price in Northampton is 7.59 times the average annual Northampton salary. This is higher than the last peak of 2008, when the ratio was 5.92. A number of City commentators anticipated that in the ambiguity that trailed the Brexit vote, UK (and hence Northampton) property…

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