At Finefair Ltd we understand how much trust investors put into the people managing their properties. We aim to offer services to prove they are right to work with us. As part of this we can handle maintenance, provide rent guarantees, and adapt to suit any kind of asset. So, if you want to work with the most dynamic property management company Lewisham has, choose us.

Mortgage boom

The property market has been incredibly hot since May 2020. The first lockdown last March put a stop to the sector. But, since then there has been a wave of activity, including a jump in purchases across much of the UK. You have probably seen this yourself in your local area with properties going on sale and changing hands faster than usual.

There are a number of factors influencing the surge in deals. First is the fact that a lot of people had to put their plans on hold because of coronavirus and Brexit. As a result many buyers are now completing deals.

Another influence is the stamp duty holiday. This was introduced to encourage people to buy homes and save on the amount of tax they would have to pay. A number of potential buyers may have chosen to act so they could enjoy the savings.

However, possibly the most important influence is the affordability of borrowing. Rates have been very low, making it easier for many people to access the finance they need to buy. In fact, the data shows that 70% of property transactions since May 2020 have included a mortgage.

The mortgage hotspots

London as a whole is one of the top locations for mortgages. The data shows that 80% of all sales in the city were possible because of a mortgage.

There are some areas within the capital that have an even higher percentage than this though. Lewisham was the top hotspot in the whole of the UK at 88%. The second and third hotspots were also in the city; Waltham Forest and Barking and Dagenham both had 87%.

To put into perspective how high these percentages are, just 40% of transactions in East Lindsey, Lincolnshire involved a mortgage. Several other areas including North Norfolk, Torridge, Scarborough, and Argyll and Bute were under 50%.

A top property management company in Lewisham

Finefair Ltd is a team that works to support every kind of landlord. This includes people who invest in all kinds of buy to let properties and those who become landlords accidentally. We appreciate that everyone has their own objectives here. Luckily we can adapt to deliver the services they need.

With us you can arrange solutions to manage your properties. We can look at all of the options for lettings too, including private or council letting. Our experience here can be very useful for clients who are unsure about any aspect of being a landlord.

So, if you would like help from a reputable property management company Lewisham landlords trust, speak to us. We can guide you and offer solutions for various lengths of time.