Boris Johnson has attracted both praise and horror in equal measure with a new plan for 95% mortgages to help beleaguered first time buyers to get on the property ladder, but would that expose UK taxpayers to too much risk? In this article I discuss the implications of what that would mean both nationally and locally in Hitchin. With the Hitchin property market taking off due to the stamp duty holiday introduced in the summer, Boris...
continue readingHitchin 2nd & 3rd Time Buyers Finding it Tougher (and Slower) to Move up the Hitchin Property Ladder
Hitchin 2nd & 3rd Time Buyers Finding it Tougher (and Slower) to Move up the Hitchin Property Ladder Post lockdown, the need for Hitchin families who want bigger homes has meant Hitchin homebuyers must now pay considerably more to trade up to that larger home… One thing that has come out of lockdown has been the inexorable movement of Hitchin households wanting to upsize to a larger home. Often considered to be first time buyer properties, the...
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The Hitchin property market is an enigma and chock-full of contradictions. Notwithstanding an economic recession and forecasts of property values dropping, nobody seems to have informed the Hitchin homeowners selling their homes and those Hitchin people looking to buy them. As I have discussed in many recent articles on the locality, the Hitchin property market is booming and property values in some sections of the market are rising, yet amidst enthusiastic reports of gazumping, there are...
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