Blog

Take a look at some of our latest articles, news and guides about the London property market.

Staging For Sale

Whether you are selling or letting your property, presentation is key! Whilst some Vendors and/or Landlords still think it is acceptable to show their clutter-tastic homes to prospective buyers or tenants, the majority of us know (thanks to Phil Spencers: Secret Agent) the benefits of a thorough de-clutter and fresh

Investing In London Property From Abroad

As a new investor, you may be wondering where is best to invest. The short answer is London. With central London property price averages close to £1m, London is high on the list of the world’s most expensive cities to invest but prices remaining strong make it all the more

Hong Kong 1 Week To Go

With just one week to go, there is a sense of excitement in the air at MyLondonHome towers as the team are making final preparations for Hong Kong 2013. The SMART Property & Lifestyle Expo is Hong Kong’s most exciting property event so it is no wonder Team MLH want

Hong Kong Property Show 2 Weeks To Go

Are you ready for SMART Expos? With only two weeks to go until Team MLH jet off to Hong Kong, the last minute preparations are underway to make sure we are ready! The brochures have been ordered, business cards translated into Cantonese and the stand is on its way… well

You Cannot Beat A Real Valuation

A number of the property portals provide quite detailed price history information, and some even go as far as detailing the full marketing history and are bold enough to suggest a value. Now this may be absolutely fine outside of London or in the suburbs with row after row of

Central London Property Market Facts And Stats

As Managing Director of an Award Winning central London Estate and Lettings agency, I am often asked to provide my opinion on the property market, on our industry and the future of housing in London. It is quite a subject and one that clearly I am fascinated with. It is

Top Tips To Avoid Condensation In The Home

As Property Managers, we deal with a variety of maintenance issues on a daily basis. As the winter weather sets in, condensation becomes more of an issue with tenants and the same questions are asked; How is it caused? Who is responsible? And how can it be avoided? Many of

Vince Cable Takes Home Buying Back To Dark Ages

Many years ago, when I was involved with corporate agency, the Property Misdescriptions Act 1991 finally put paid to devious descriptions, flowery over embellishments, rushed (and often over zealous) measurements and agents not researching lease lengths, fixtures and fittings and garden boundaries. These past 20 years, the vast majority of

Landlord Registration

Newham Council has become the first Local Authority in England to require private landlords to prove they are a fit and proper person. This highly controversial scheme could see fines of up to £20,000 for those that fall foul. The councils scheme will cover approximately 35,000 private tenancies. Penalties for

Winning A Possession Hearing

A landlords nightmare – a possession hearing. How do you win the quick and easy way? I had an interesting experience yesterday, I attended court with my Head of Property Management – it was a possession hearing as we had a tenant who had not been paying their rent. It’s

Property Investment As The Ultimate Pension

This week I had reason to revalue an apartment in Shad Thames, a gorgeous two bedroom on the river that my client had bought from me back in 2005. The thing that has really struck me is that the value has doubled in 7 years, almost to the penny. Doubled

Are Your Rental Yields Working

When calculating your current rental yield, ensure you take todays property value not the value when you aquired the property. This way you will always be comparing like for like on new investments. To calculate your net yield, reduce your proposed rental by the amount of your outgoings first. Now

Court Imposes Maximum Penalty For Omission Of Prescribed Information

This week a residential landlord who failed to produce the prescribed information to the tenant under the Tenant Deposit Scheme has received the maximum penalty from The Court of Appeal Although the landlord produced “most” of the materials and the omission was described as “minor” the case, which was initially

Does Less Choice Mean Worse Rates

Does Less Choice Mean Worse Rates – Written by Steven Herd, Managing Director of central London Estate Agency MyLondonHome 25/10/23 The recent news that Barclays have acquired ING direct confirms the trend in the UK that the number of mortgage lenders is contracting. Nat West and RBS form one alliance,

Getting Your Exchange Rates Right When Buying Property

In these turbulent times, any saving that can equate to extra yield for a central London landlord should be investigated. That’s why we have been looking at how we can improve the transfer of rent for our overseas landlords. I didn’t realise this previously, but the big High Street banks

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