On 23rd June, the country was divided by the question of EU membership. Following the vote to leave, the country continues to be split on what Brexit will mean.
Enness Private Clients was founded in 2007 and on the very day of the launch party, there was a run on Northern Rock and the market ground to a halt. Since then, Enness has gone from strength to strength through the vagaries of the property market. It is well placed to offer UK and international buyers, sellers, investors and developers the benefit of its experience and expertise. Six weeks ago, England and Wales voted to leave the EU causing political and economic turmoil, the likes of which have never been seen. Here’s Enness’ guide to keeping a calm head in this period of uncertainty.
The mayoral race this year was dominated by the issue of housing. Four years ago, when voters were faced for the second time with a choice between Boris Johnson and Ken Livingston, jobs, crime and transport were all higher-ranked concerns; but in 2016, it is housing which unequivocally tops the agenda of the average Londoner.
April 2016 has brought two things: rain showers and a stamp duty rise on second (or more) properties. In fact, the Chancellor’s March Budget has marked significant changes for the property market as a whole so let’s recap what homebuyers and landlords can expect of the year ahead.
With the new MCD coming into force next week – first of many changes heading for the industry this year – the mortgage market remains in limbo as far as rates are concerned. Lenders have continued to tighten their criteria amid the ongoing price war, causing borrowers to either fix their mortgage ahead of upcoming changes or sit tight until speculation turns into certainty. Continue reading
Global economy watchers are warning that the world financial market is slowing sharply and the resulting property price bubble is about to burst. But how likely is this and what will it mean for the UK property market?
In the first Conservative government budget since 1996, Chancellor George Osborne has lauded the UK’s three per cent growth but he tempered this optimism with a reminder that the UK still faces global risks. With the Greek crisis at the forefront of proceedings, Osborne laid out plans to control the UK’s spending and secure economic growth. Continue reading
There has been a significant push by high street lenders to increase home loans of £1 million or more to wealthy property buyers. After the financial crisis, the majority of the large loan market was dominated by the private banks with the high street lenders aiming to ease their loan books by refocusing on ‘lower risk’ smaller mortgages. Continue reading
The annual conundrum for many bankers is how to make best use of the bonus. The best return is undoubtedly to buy property, however this brings its own set of considerations. With this in mind, Enness Private Clients, Property Divas’ partner, has produced a useful guide for bankers seeking property finance. Continue reading
Sitting here with a Carluccio’s coffee (always helps me to take a moment out and they are perfectly situated next to Divas HQ), it is an interesting question to be asked to take stock of the past 12 months and consider where 2015 might take us …. Continue reading
Property Divas has recently partnered with Enness Private Clients – a high net worth mortgage brokerage based in Mayfair in order to extend our offering to our clients. Continue reading