Fife Home Owners Archives - Fife Properties
Fife Properties

RISING MORTGAGE RATES: Impact on Fife Homeowners (Read 3 min)

 

 

Today’s increase in Bank of England rates has sent ripples of concern among Fife homeowners, particularly those with impending remortgages or seeking new deals.

 

The decision by the Bank to raise rates by 0.5% has sparked discussions about the potential consequences and the steps Fife homeowners should consider taking.

 

For some, the immediate impact will be felt in their monthly budgets.

 

Fife homeowners on typical tracker mortgages can expect an average increase of £47 per month, while those on standard variable rate mortgages may face a £30 jump.

 

However, it is worth noting that approximately 4 out of 5 mortgage customers hold fixed-rate mortgages, providing a temporary shield against immediate payment adjustments.

Continue reading RISING MORTGAGE RATES: Impact on Fife Homeowners (Read 3 min)

FIFE PROPERTY MARKET UPDATE – 22ND – 28TH JAN 2023 (Watch/Listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–22ND–28TH-JAN-2023-e1u66j0

 

Weekly round up on what’s driving the Fife Property market including a look at recent listings, sales and coming soon:

Article, Podcast and TV Shows written and produced this week are:

 

FP TV (EP 127) WIN OVER THE MARKET: Five reasons why you’re better off selling your Fife home when prices cool

How do you feel about the property market right now?

It’s peak prediction season in the press, with daily claims from experts that house prices are about to fall off a cliff, stagnate or even slowly rise. We know that most of these predictions will be wrong, but which ones?

(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/win-over-the-market-five-reasons-why-youre-better-off-selling-your-fife-home-when-prices-cool/

 

 

Fife Baby Boomers and their 22,088 Spare ‘Spare’ Bedrooms

Whilst we are around 12 months away from receiving the results of the Scottish 2022 Census, south of the border – as their census was in 2021 – the results are starting to come out.

One interesting statistic is the growth of number of spare bedrooms and spare ‘spare’ bedrooms between the 2011 and 2021 Census.

Britain has over 8 million households with 2 or more spare bedrooms, most owned by Baby Boomers. Should the Government force them out or should the Government mind their own business?

(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/fife-baby-boomers-and-their-22088-spare-spare-bedrooms/

 

 

The Four Different Types of Landlords – Which One Are You?

Whether you’re a landlord with a single shoe-box-sized studio or an empire of thousands of homes, a good letting agent can save you time and money.

Here’s a list of four different types of landlords and an outline of how a letting agent can help.

(Watch/read/listen) https://www.fifeproperties.co.uk/blog/the-four-different-types-of-landlords-which-one-are-you/

 

 

Watch out for the Wealth Creation Show on Monday @ 12.30pm live on these channels:

EP56 THE WEALTH CREATION SHOW: Diary of a Property Investor Part 11

How I lost my first million and the lessons learned. You don’t often get to know how someone failed but when you do you can often learn more from this than their success.

In this episode Jim Parker and Richard Cook are going to talk about the steps that led to Jim losing a million and the lessons learned.

This is the warts and all, laid bare story of Jim’s journey retiring at 38 years old financially free and almost losing it all. We’ll be covering several issues on mental health, depression, addictive personality and suicide which for many might be disturbing and upsetting. If you need help in any way, please free phone The Samaritans on 116 123 or visit https://www.samaritans.org/?nation=scotland

Jim says, “It’s amazing that you’re judged a success by what people see, when they have no idea what is happening deep down within that person. If the next chapter in my story helps one person, it will have all been worth it”.

https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-diary-of-a-property-investor-part-11/

 

If you’ve missed the previous shows you can catch up on our play list:

 

https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9

 

If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, please contact us to richard.cook@fifeproperties.co.uk

 

This is all about accelerating your wealth in 2023.

 

*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.

Fife Baby Boomers and their 22,088 Spare ‘Spare’ Bedrooms (Watch/Read/Listen)

 

 

PODCAST: https://anchor.fm/fife-properties/episodes/Fife-Baby-Boomers-and-their-22-088-Spare-Spare-Bedrooms-e1u08pm

 

Whilst we are around 12 months away from receiving the results of the Scottish 2022 Census, south of the border – as their census was in 2021 – the results are starting to come out.

 

One interesting statistic is the growth of number of spare bedrooms and spare ‘spare’ bedrooms between the 2011 and 2021 Census.

 

I therefore wanted to apply that average south of the border growth in those types of bedrooms to the results from 2011 in Fife. Of course, I am making certain assumptions – yet what I am seeing in the local property market, I don’t think they are too far off the mark.

Continue reading Fife Baby Boomers and their 22,088 Spare ‘Spare’ Bedrooms (Watch/Read/Listen)

Has Buy-to-Let Changed the Fife Property Market? (Watch/read/listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/Has-Buy-to-Let-Changed-the-Fife-Property-Market-e19bde8

 

The ‘Buy-to-Let’ (BTL) mortgage is celebrating its Silver Anniversary (25 years) this autumn.

 

Isn’t it fascinating that a decision between a group of letting agents and bankers all that time ago to offer BTL mortgages has changed the face of the Fife (and national) property market? Continue reading Has Buy-to-Let Changed the Fife Property Market? (Watch/read/listen)

£349,341 – ‘Wood’ You Pay That For a Fife Semi-Detached House? (3 min read)

The value of an average Fife semi-detached house has increased in value by £18,360 in the last 12 months, an increase in value of 12.8%.

 

Yet the costs of building a Fife home have shot up even more in the last 12 months, meaning the price of Fife new homes and any building works you do to your Fife home in the coming months and years could be a lot higher. Continue reading £349,341 – ‘Wood’ You Pay That For a Fife Semi-Detached House? (3 min read)

FP TV (EP 35) THE PERFECT BUYER: How Do We Find Yours? (Watch/read/listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/FP-TV-EP-35-THE-PERFECT-BUYER-How-Do-We-Find-Yours-evi9dp

 

Being an estate agent is a bit like running a dating agency: playing Cupid every day, cultivating commitment and building long-term relationships that lead to living together. It’s more than marketing; it’s matchmaking! Continue reading FP TV (EP 35) THE PERFECT BUYER: How Do We Find Yours? (Watch/read/listen)

Around 1 in 15 Fife Properties Being Sold with No Chain (Watch/read/listen)

 

Listen to the PODCAST: https://anchor.fm/fife-properties/episodes/Around-1-in-15-Fife-Properties-Being-Sold-with-No-Chain-ev1857

 

Moving home is said to be the third most stressful thing you can do, so if you can do anything to reduce that stress, so much the better? When buying your next Fife home, being chain-free can certainly reduce your stress and offers many advantages over other buyers (and some disadvantages). Continue reading Around 1 in 15 Fife Properties Being Sold with No Chain (Watch/read/listen)

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