Rat and Mouse
Wed
10
Feb

How’s this for a pitch?

WIPE YOUR FEET ON THE WAY OUT! Not for the faint hearted this first floor flat is being sold as seen, rubbish and all! Having recently just had to evict some charming (not) tenants the vendors of this property have had enough and can't even face setting foot in what used to be their sweet and charming home. I can't flower this one up or use my normal estate agent jargon to make this sound any better. The property is full of rubbish, there is mould on the walls and I think there may even be some fleas there to keep me company when I carry out the viewings.

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Not easy being a landlord. The good news, the two-bedroom flat sold in three days, and for £140k, which was £15k above the asking price.

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Tue
09
Feb

20160209thatcher

It’s 73, Chester Square, and if security’s important to you, you might want to arrange a viewing, because there’s a steel bomb-proof door separating the six-storey, six-bedroom Belgravia townhouse from the street. This was Margaret Thatcher’s home, from the end of her tenure as Prime Minister in 1991 to her death in 2013. But it’s had a very modern refurbishment since (by developer Leconfield), and now features a gym, media room and bar, and has been expanded to include an entire mews at the back. Guide price? £30m. Particulars here.

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Mon
08
Feb

Taylor Wimpey CEO worried about house price inflation [Guardian]
Could interest rates remains where they are until 2018? [Property Hawk]
The most valuable skyscraper in the UK [Sunday Telegraph]
Another skinny but expensive London home [Daily Telegraph]
Former Apprentice star nabs top former Foxtons agent for Haus [Estate Agent Today]
London luxury apartment market… chickens are returning to roost [Independent]
Tracey Emin in Spitalfields planning row [Evening Standard]

The Rat and Mouse - London’s property blog 

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Fri
05
Feb

They’re called “Spacious”, a perfectly conventional agency with a perfectly conventional website. Except for one button...

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What’s that? “Haunted”?

Clicking it gives a map overlay of properties with gruesome recent histories, mostly murders and suicides. Why would anyone press that button? They also come with hefty discounts, good to know if you’re a ghost-sceptic house-hunter in one of the world’s most expensive markets. See it here

[via Property Industry Eye]

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Thu
04
Feb

Newham landlord fined for renting out Right to Buy [24dash]
YouGov poll shows London parents fear children will be priced out of city [International Business Times]
Landlords sell-up as confidence plumes [Daily Telegraph]
Foxtons to pay out special dividend [Daily Telegraph]
Oil price crisis could fuel top-end London property market [International Business Times]

The Rat and Mouse - it’s about your house 

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Wed
03
Feb

Yes, according to the charity, Crisis; arguing that many vulnerable potential tenants (women fleeing domestic violence, the recently homeless, for instance) might not be able to easily provide the necessary documentation. Given the competition of rented homes, it’s likely landlords and letting agents will take the easy route and choose the tenant with the most easily accessible paperwork. More here.

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A nice little collection courtesy of the Guardian, including a cottage on stilts in Cornwall (Kate Winslet) and an impeccable Cheyne Walk flat (Sol Campbell). 

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Tue
02
Feb

An interesting read - here in the Telegraph - in which Joan Bakewell explains why she would rather sell and spend every penny of her £5m Primrose Hill property than leave it to her children. She describes an obsession with handing down property as “anal”. She has, however, profited from the property market in a way that will allow her to downsize and use her house as an everlasting pension in a way that current generations can’t and won't. And they can’t partly because she, and her generation, can. It’s an ethical conundrum. One which you’d have thought Joan Bakewell would be suitably qualified to solve. 

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Mon
01
Feb

Second year for Stella Creasy’s controversial estate agency “awards” [Property Industry Eye]
Right to Rent - it starts today [Property Industry Eye]
A guide for landlords [Landlord Law Blog]
Help to Buy… is it relevant in London? [Daily Telegraph]

The Rat and Mouse - it’s about your house 

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Fri
29
Jan

Deposit difficulties and job insecurity worrying first-time buyers [Property Industry Eye]
Capital Economics warns of property price correction [International Business Times]
Building in London slows [Daily Telegraph]
World’s top ten most expensive cities [Daily Telegraph]
The Cross Rail project and house prices [The London Economic]
Tax changes hit pre-sales, hard [Bloomberg] 

The Rat and Mouse - it’s about your house

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Thu
28
Jan

Property price inflation dropped from 18% in 2014 to 2% last years and - according to one agent - buyers looking for an arty London neighbourhood are now looking across the river at Bermondsey. More here.

Wed
27
Jan

More to the point, whatever the media’s “crisis” hysteria says, buying a London property has seldom been so affordable. I bought my first studio flat in the Seventies and it cost four times my starter salary. The 85 per cent mortgage cost 17 per cent. It consumed 40 per cent of my income and was crippling. That same job today also buys a studio flat at the same multiple. But the mortgage is four per cent, which consumes a mere 15 per cent of income.

And in Zone 1?! Where? Where are these Zone 1 studio starter homes available at a multiple of four times a starter salary? (Unless you define a “starter salary” as £50,000.) Otherwise, an interesting and counter-intuititive think piece by Simon Jenkins, laying into the Johnson skyscraper free-for-all that has resulted in an empty London, a busy skyline and billions in successful money-laundering. If there’s to be a crash, it won’t happen on ground or first floors, he argues. 

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Tue
26
Jan

An interesting sting - here - by the BBC, in which they respond to too-good-to-be-true rental ads. They talk to fake landlords, and are encouraged to transfer money to building society accounts. With rooms in London changing hands fast, prospective tenants are put in a difficult position… act fast to security a property and risk being the victim of fraud, or let rooms slip through their fingers.

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Mon
25
Jan

Estate agents considered less trustworthy than bankers, according to poll [Property Industry Eye]
Despite gathering clouds, homeowners remain bullish on property {International Business Times]
Twenty years of property… some stories [Guardian]
“Ushers and butlers”… how our politicians are selling high-end property to the international super-rich [Guardian]
In New York… stunning NYC penthouse once owned by Robert De Niro [Curbed]

The Rat and Mouse - it’s about your house 

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Fri
22
Jan

2015 transactions up on 2014, but still down over longer term [Property Industry Eye]
Tiny south Wimbledon studio is really a bed in a kitchen [Daily Express]
RICS points to London/Hong Kong bubble risk [RICS Twitter]
RICS  recognises surge ahead of Autumn statement stamp duty measures [RICS]
Letting your spare room out as an office [Daily Telegraph]

The Rat and Mouse - it’s about your house 

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Thu
21
Jan

Thirty-six viewings, nine offers and sold… a studio in Clapton, less than seven square metres of space, and coming in under the stamp duty threshold. The catch? It’s so small lenders can’t offer a mortgage. So whoever bought it, did so in cash. More here.

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