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Help to Buy
Lucy Pendleton to give some insight into the recent December 2016 House Price Index.
James Pendleton is an amazing company. They have been a big part of me winning a bronze medal in Rio 2016 and have been so supportive with all my achievements, which wouldn't have been possible without them. They have given me so many opportunities, I am privileged to be associated with such fantastic people who give so much back to the local community.

Aaron
Having recently rented my property through James Pendelton, I can't recommend them highly enough. They walked me through the process and found me amazing tenants. From the first contact they were professional and informative. Thank you to Jacob, you were amazing. Thank you also to the Angel Department who, after realising I needed safely certificates, sorted everything out for me and made sure I had everything in order.

Giles
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James Pendleton Estate Agents co-founder and director on the latest House Price Index

  • We speak to our co-founder and Director, Lucy Pendleton to give some insight into the recent December 2016 House Price Index.

    Lucy Pendleton, co-founder director of independent southwest London estate agency James Pendleton, says: ‘The annual increase in house prices by 7.2 per cent in December is at the lower end of scale compared with the average over the past ten years, but was expected considering the events of 2016.

    ‘The 44.9 per cent fall in the number of completed house sales in London in October is higher than we were expecting and shows the uncertainty dogging the market, caused by the referendum, higher stamp duty, lack of confidence and fewer investment buyers given the higher cost of buying due to the stamp duty surcharge. There is also concern among landlords as to where the market is going to go with changes to mortgage interest tax relief likely to hit them hard.

    ‘As for what we are seeing this year, realisation has dawned that we are going to have Article 50 whether we like it or not so buyers are steadily returning to the market. It is what it is and in southwest London in particular there are too many positives to make people hold off purchasing or moving. Your children do grow up and they do need to go to school and what was a good-sized house may no longer be.

    ‘With so many very attractive mortgage products being launched on a weekly basis, there is plenty to entice borrowers who wish to fix for a number of years for certainty at rock-bottom rates.’

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