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Showing posts from September, 2019

Royal Tunbridge Wells Property Market Update Summer 2019

The foundations of the Royal Tunbridge Wells Property Market over the summer have continued to be principally sound; yet the existing political macroclimate means that the critical element of consumer confidence has been reduced and that is triggering some potential Royal Tunbridge Wells property buyers and Royal Tunbridge Wells house sellers to falter slightly and hang fire making any firm decisions on property. With record low interest rates at 0.75%, low unemployment rates of 3.8%, and decent mortgage availability (even those with low deposits - there were 224 mortgage deals available on the day of writing this article where only a 5% deposit was required and 5 main stream lenders that would offer 100% no deposit mortgages), Royal Tunbridge Wells buyers have a lot going in their favour, aside from the perceived political uncertainty.  Interestingly, Rightmove have stated there are more properties for sale today in the Country, than at any time since 2016, and Royal Tunbridge Wells f

Royal Tunbridge Wells Homeowners can now build larger extensions without planning permission.

The need for more homes has always been one of the biggest issues with regard to the Country’s housing crisis.  One of the main reasons for families wanting to move home is the need for more accommodation as their families grow and so in 2013 and 2015, the planning permission rules were relaxed to try an alleviate this issue. Initially in 2013, Nick Clegg, as Deputy Prime Mister, brought in temporary planning rules to allow larger single storey rear extensions without the requirement of a full planning application.  The temporary rules allowed terraced and semi-detached homes to be extended by just over 19ft, whilst detached houses were able to add even bigger extensions of up to 24ft.  Since those rules were relaxed six years ago, 109,320 people have taken advantage of the temporary rules (aka “permitted development size guidelines”). Homeowners wanting to extend within these permitted development guidelines, must still inform the local authority of the extension beforehand, and local