The hellish reality of being caught in a property chain

Today’s sensitive property market is creating longer chains and making the buying and selling process extremely delicate.

 

The Telegraph has released a new article this week that has revealed how UK families, couples and first-time buyers are being caught up in long property chains. Dominic Heath, Buying Consultant at Black Brick, featured in the piece to share his knowledge into how the mortgage rates and current economic climate is affecting how quickly people are able to move homes this year:

“If a seller is lucky to have a lower rate from pre-2022, they would rather port that lower-rate mortgage than break the chain and have to take out a new mortgage at a high rate in the future,” he commented.

Read the article here.

How Britain’s most expensive house became a £250m white elephant

Previously owned by a Lebanese billionaire politician, a Saudi Prince and most recently the property typhoon Hui Ka Yan, Britain’s most expensive mansion is up for sale at an impressive £250 million asking price.

 

We’ve shared our thoughts on the mega-mansion in a new feature by The Telegraph. Written by Jonathan Ford, our Managing Partner Camilla Dell has offered her insight into why she thinks the property won’t sell at anything without a steep discount, backed up by decades of experience and knowledge into London’s prime property market trends.

Read the article here.

Labour’s impact on London’s prime property neighbourhoods

Affluent non-doms are said to be leaving London amid the changes seen in this new Labour government.

 

And as a result, they are contributing to a crash in prime property across both our capital and country. On streets where houses would rarely go up for sale, suddenly rows of mansions are popping up on the market like never before.

Black Brick Managing Partner, Camilla Dell spoke with The Telegraph to share her thoughts on why this was the case, commenting on her own experience of this year’s luxury property market.

Read the article here.