Baldock Council Tax Payers Stung by 56.63% above Inflation Rise

Buying and selling a home in Baldock isn’t the easiest or cheapest thing you will ever do. Estate Agent fees, Solicitors fees, Survey fees, Mortgage fees, Removal Van … the costs just mount up throughout every step of the move. Last week, a Baldock landlord asked me whether the Council Tax Band made a difference…

Baldock’s £25,858,560 “Rentirement” Property Market Time Bomb

Yes, I said ‘rentirement’, not retirement … rentirement and it relates to the 104 (and growing) Baldock people, who don’t own their own Baldock home but rent their home, privately from a buy to let landlord and who are currently in their 50’s and early to mid-60’s. The truth is that these Baldock people are…

Baldock House Prices Outstrip Wage Growth by 21.13% since 2007

  I recently read a report by the Yorkshire Building Society that 54% of the country has seen wages (salaries) rise faster than property prices in the last 10 years. The report said that in the Midlands and North, salaries had outperformed property prices since 2007, whilst in other parts of the UK, especially in…

Baldock Homeowners and their £260.9 million Debt

  Over the last 12 months, the UK has decided to leave the EU, have a General Election with a result that didn’t go to plan for Mrs May and to add insult to injury, our American cousins elected Donald Trump as the 45th President of the United States. It could be said this should have…

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 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…