Month: April 2014

Cadman Homes, estate agents in Rugby have provided a report due out this week, demonstrating the strength of the property market recovery, and in particular the news that the “negative equity” trap that snared borrowers who bought their first home just before the credit crunch has all but disappeared. There is great demand for properties, but also a shortage of homes coming to the market.

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The number of first time buyers last month reached its highest level since 2007 as increased availability of high loan to value mortgages helped new entrants to the market, according to Britain’s largest estate agency chain. This is echoed locally by Rugby estate agents Cadman Homes who are seeing properties sell for strong money, and in popular areas of Rugby properties are even selling above the asking price.

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Landlord’s confidence in UK recovery

According to research carried out by a Landlord’s association, landlords are extremely positive about the UK’s recovery and nearly a third (31 per cent) are confident in the financial market continuing to be “good or very good”. This is a rise of 10 per cent from previous expectations of 21 per cent in the same period of last year.
The research also showed that 27 per cent of landlords have voiced their interest to invest further into the property market over the forthcoming year.

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Some FREEBIES for you!

Working in conjunction with our software partners, we wanted to say thank you to our customers with some free vouchers and discounts!

Retailers in Rugby, Coventry and further afield have signed up to offer you discounts! Just our way of saying we care. Subscribe to our newsletter and receive not only property related news and views, but different vouchers every week!

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Advice for landlords looking to increase yields

Private landlords are remortgaging their properties to prepare for expected interest rate hikes, new research has reported.
The number of Buy to Let (BTL) mortgages has now reached 586, 65 more than just three months ago, according to the latest Mortgages for Business Buy to Let Index.

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Wages to rise faster than rents this year

Rent rises will be overtaken by wage growth in 2014, while disposable income for those in the private rented sector is set to grow for the first whole year since the economic downturn, according to the latest analysis by LSL Property Services.

The historically significant cross-over of earnings growth and rent rises is most likely to take place in figures for July, but could happen as soon as this month if wages pick up more quickly than in central forecasts. At the very latest, monthly earnings are expected to be rising more quickly than residential rents by December 2014.

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Rugby Property Market Update February 2014

Cadman Homes Rugby Property Bulletin

We’ve put together some facts and figures about the Rugby property market which we hope you will find interesting. The data comes from various sources including our sales and rental figures for the area, and the land registry.

As a local, family owned and run estate and letting agents, we strive to provide a service to the area we serve so if you have any questions or queries regarding this report, please do not hesitate to call or email me at any time. Our office number is staffed 24/7 for the convenience of our clients.

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