View of Canary Wharf from N4
Hello!
I’m not very good at updating my blog, mainly because I’m busy providing excellent Land Registry Compliant Lease Plans to lovely customers in London and the South East…but here we go.
LATEST NEWS from Lease Plans Online
Latest news from the chalk face is that things are a bit weird out there. The cost of living crisis is definitely having an impact on the way people are behaving. Property developers are struggling with the huge spike in material costs and Brexit means workers are in short supply. Property prices are still rising, though word is they will level off/drop a little in the coming two years due to the increase in mortgage rates. BUT… people still have to move, kids are born, jobs become remote and space gets tight.
Commercial Property News:
Many commercial premises which emptied during the pandemic, are bouncing back, with new businesses moving in. I’m doing more commercial property lease plans than I have for a while including plans for shops, offices, food outlets and services, with many new and growing businesses taking up new leased spaces. So far this week I have done lease plans for a pharmacy, a property maintenance company, an estate agent, a fish and chip shop and a recruitment firm.
View of the Shard, London Eye and More from a Council Flat. Nice!
Residential News:
On the residential side, people seem to be trying to maximise what they already own – people are refinancing with mortgages (meaning they need to get lease plans in order), splitting larger properties into smaller units, needing land registry compliant lease plans for each flat, they’re also extending and converting lofts – all meaning they need updated leaseplan drawings. I’m also seeing a trend for transfer plans for transfer deeds where people are selling off parts of their garden.
New Developments:
An areas I think will grow in the next few years is HMOs. The squeeze on people’s pockets means people will need more shared housing and local authorities are cracking down on dodgy landlords so they will be needing HMO plans to go along with their licences.
Catching the Greenwich Sights whilst out Lease Plan Providing
Going Green:
In other news, in order to try to get as green as possible, I’ve committed to doing at least 50% of my work via public transport. Yesterday, I had a lovely relaxing trip to Westcliffe on Sea to do a lease plan for a brand new lease. I travelled via London Overground and the C2C Mainline service from Barking to Westcliffe. It was so peaceful spending a couple of hours on a train as opposed to getting stuck in traffic. Managed to sneak in a crossword and read a book. Bliss.
Adios!
Things are changing, but not slowing down. They’re just different. Being a small business, I can flex with the changing financial landscape and stay responsive to the market’s needs. That’s all for now folks. Check back soon for more news! Happy Lease Planning.