X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Property-a-holics

    Help to Buy resale potential

    Just found my first dedicated HTB resale 'agent' on RM, doesn't seem like many properties have been re-sold, although it would seem there is demand to sell with 95 properties on their books.

    Looking through the properties that they list and the sale prices of the obviously RTB flats, there doesn't seem to be much uplift from one HTB seller to purchaser, so it would appear as I feared that once you've signed up it could be problematic selling. The full price purchases don't exactly look like bargains either.

    Restricting ownership to just FTB/HTB buyers (unless you pay the full value?) is not a good investment to get into, but I can see why some would want to to get some sort of permenancy to their accommodation. Even the shared ownership payments aren't cheap though, if you look at the figures.

    https://www.rightmove.co.uk/estate-agent...80606.html

    0
    0


    SO made more sense in a past era when wage growth was higher - eg 9% cagr in 1980s and 5% cagr in 1990s - as that enabled staircasing more readily.

    Today a new entrant to SO will be likely stuck with a small share - and be paying ever increasing Rent/Service Charge on remainder.

    That said - as you flagged - if resale has to be to a small cohort with restricted incomes owning 100% cab further restrict resale - as buyers need to have higher deposit and earnings need to justify higher mortgage.

    0
    0

    Hi Adam

    I'm currently looking for someone with experience or deep knowledge of help to buy?

    I was speaking with a development agent this morning about a property with planning permission for 6 flats and we were significanty oout with regards to the GDV. His view was that new property that qualify for help to buy command a significant premium to properties that don't and that I should not include second-hand properties within my analysis.

    I'm trying to find out more about it, to see if it does really increase sale prices

    Thanks


    Afam

    0
    0

    Never ask a flourish whether his flowers are beautiful.

    0
    0