I’m hoping to sell my flat. Something I also tried to do in 2009, and the contrast between the two experiences couldn’t be more marked.
Back in the depths of the slump, a despondent looking estate agent took a look around the property, drew a sharp breath, quoted an asking price I wasn’t happy with so I asked for it to be marketed at about 10% more than he had suggested, nobody viewed the property and we withdrew it from the market six weeks later.
This time around, the estate agent was brimming with confidence, suggested an open day for which we already have more than 30 appointments and we are even daring to dream of achieving more than our asking price.
You probably didn’t need my personal anecdote to know that the property market is bustling back to health and as we head into the summer we are entering a traditionally busy period for the market.
This, combined with the anticipated diversion of traffic into the intermediary channel post MMR means that as brokers, you are likely to be rushed off your feet in the coming weeks.
And as we like to think of ourselves as the brokers’ lender, we are keen that you consider Kensington when it comes to finding an appropriate mortgage for your specialist clients who would fail an automated application system, including the self-employed, contractors, bonus earners and applicants who have failed a credit score.
So we hope that we have made our current products even more attractive, with the removal of our £195 Administration Fee from all applications, free legals and valuations on Remortgages and free valuations on Purchase business.
And, as the strong market leads to another round of speculation about the creation of a Generation Rent, these offers will also lower the upfront cost on our Buy to Let range for all types of landlords, from first timers to experienced portfolio holders.
There’s a big opportunity out there, and we have removed our fees to help you get the most from it.