In the latest, and most recently published, set of UK mortgage data (for the month of November 2019) 18,470 pound-for-pound re-mortgages were made (i.e. the borrower went from one rate to another with no additional borrowing). However, since the 1970’s, the British have seen their homes as cash cows and cash machines, with many homeowners […]

The Halifax announced in early January that there was a Boris Bounce in the national property market as they stated national property values soared 1.7% in December 2019 – the biggest rise since the 1.9% month on month rise in February 2007 (a few months before the Global Financial Crisis aka the Credit Crunch). Get […]

Home buying comes with a number of different questions that you want answering by your Estate Agent. But it isn’t all about buying, sellers also have thoughts running around their head and questions they need answering before putting their home on the market. Whilst the selling and buying of homes are completely unique processes, with […]

Irrespective of the shenanigans and political goings-on in Westminster recently, the housing market (for the time being anyway) shows a striking resilience, fostered by the on-going wide-ranging monetary policy by the Bank of England. With interest rates and unemployment low, UKplc is heading into 2020 in reasonable condition.  Additionally, despite the UK’s new homes industry improving its […]

I was having a thought-provoking conversation with a local buy-to-let landlord a few weeks ago about everything to do with property, Brexit and how the reported voluntary repatriation of Eastern Europeans had affected the property market in Chorley.  It transpired some of his Chorley tenants, who had been in his property for over 10 years […]

In this 60-second read, we take a very quick look at what happened last night and what it means to the property market in Chorley. Here is a Non-party political broadcast by Forbes Estate Agents. Boris Johnson and the Conservative Party have won a large majority following yesterday’s election. It’s very early days (less than […]

As the season of giving is just a few days away I thought I’d share with you lovely people some of the most expensive Christmassy things ever. The Emirates Palace Hotel in Abu Dhabi, has an enormous 13 metre, diamond-encrusted Christmas Tree which cost £7m. Mind you they probably aren’t too bothered about the electricity […]

In this two-minute read, we unwrap the staggering statistics and reasons which make Boxing Day more than just a time for food, family and friends. Picture the scene  – It’s the afternoon after the night before. It’s Boxing Day! The presents are all open, the wrapping all recycled, visitors entertained and time for a bit […]

Well, with the General Election just over the horizon and having been asked by a number of Chorley homeowners and local buy to let landlords what the different main parties would do to the local property market, in this week’s article we focus on Labour’s contentious Right to Buy proposal for private tenants. Launched in […]