• IS THE OPPORTUNITY TO BUY RIGHT NOW?



    'Softer house prices will have a restorative effect on the London property market long term'



    Lucy Pendleton

Buy AssociationHow HTB is affecting London's house prices

Due to the layout of the Help to Buy scheme, its influence on London’s house prices has been noticeable, a new research explains.
Buyers who use the scheme to afford a house can purchase property for up to £600,000, which means there is an awful lot of demand for houses just under that threshold across the city.

James Pendleton has put together a research that has now revealed that 83% of new built properties sold for prices between £575,000 and £625,000 across seven of London’s boroughs have sold for just under £600,000.
The research found that 380 properties (the report overall focused on Battersea, Putney, Tooting, Balham, Wandsworth, Clapham and Brixton) were sold for anything between £575,000 and £600,000 over the last 12 months. Only 183 properties were sold for a prices between £600,001 and £625,000.

The Help to Buy scheme allows the Government to lend up to 20% (or 40% f you’re looking in the capital) to buyers so they can afford a deposit. All they need to do is purchase a new built home.
The scheme doesn’t include any regulations when it comes to the size of a home, which led to developers buildings especially well-sized properties for just under £600,000.


Buy Association
By Paulina Carl, 18th July 2017
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Help to Buy
Lucy Pendleton to give insight into the recent November 2017 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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