Baldock’s New 3 Speed Property Market

“What’s happening to the Baldock Property Market” is a question I am asked repeatedly.  Well, would it be a surprise to hear that my own research suggests that there isn’t just one big Baldock property market – but many small micro-property markets? According to recent data released by the Office of National Statistics (ONS), I…

Baldock’s 439 Mortgage Time-Bombs?

 According to my research, of the 5,604 properties in Baldock, 2,034 of those properties have mortgages on them.  86.3% of those mortgaged properties are made up of owner-occupiers and the rest are buy to let landlords (with a mortgage). However, this is the concerning part, 439 of those Baldock mortgages are interest only. My research…

Baldock Buy-To-Let Predictions up to 2037

On several occasions over the last few months, in my Baldock Property Blog, I predicted that the rate of rental inflation (i.e. how much rents are rising by) had eased over the last year. At the same time I felt that in some parts of the UK rents had actually dropped for the first time…

Baldock First Time Buyers Mortgages taking 33.9% of their Wages

I had an interesting chat the other day with a Baldock resident. He told he was a Baldock homeowner, retired and mortgage free.  He stated how unaffordable Baldock’s rising property prices were and that he worried how the younger generation of Baldock could ever afford to buy? He went on to ask if it was…

579 Baldock Landlords – Is This a Legal Tax Loop-Hole?

In November 2015, George Osborne disclosed plans to restrain the buy-to-let (BTL) market, implying its growing attractiveness was leaving aspiring first time buyers contesting with landlords for the restricted number of properties on the market.  One of things he brought in was that tax relief on BTL mortgages would be capped, starting in April 2017….

Almost a Quarter of Baldock Properties are Leasehold

There are 23.36 million properties in England and Wales with 64% being owner occupied and 36% being rented either from a private landlord, local authority or  Housing  Association. Over nine out of ten of those English and Welsh owner-occupied properties are a whole house or bungalow. Now, most people would assume they would be freehold…

6.52 Babies Born for Each New Home Built in the Baldock area

As more babies are being born to Baldock and North Hertfordshire mothers, I believe this increase will continue to add pressure to the over stretched Baldock property market and materially affect the local property market in the years to come. On the back of eight years of ever incremental increasing birth rates, a significant 6.52…

Should the 1,677 home owning OAP’s of Baldock be forced to downsize?

This was a question posed to me on social media a few weeks ago, after my article about our mature members of Baldock society and the fact many retirees feel trapped in their homes.  After working hard for many years and buying a home for themselves and their family, the children have subsequently flown the…

658,208 People use Baldock Train Station a year……

How does that affect the Baldock Property Market?   It might surprise you that it isn’t always the poshest villages around Baldock or the swankiest Baldock streets where properties sell and let the quickest. Quite often, it’s the ones that have the best transport links. I mean, there is a reason why one of the most popular property…

What will the General Election do to 5,604 Baldock Homeowners?

In Baldock, of the 5,604 households, 1,792 homes are owned without a mortgage and 2,034 homes are owned by a mortgage. Many homeowners have made contact me with asking what the General Election will do the Baldock property market?  The best way to tell the future is to look at the past. I have looked…