How to be a good Tamworth Landlord

How to be a good Landlord!

Putting processes in place can help to make property management a lot easier, here are some tricks of the trade:

 Communicating with tenants:

  • Writing is always better than phone
  • Do whatever is easiest for them –  text, Facebook or even   WhatsApp
  • You don’t have to give out your phone number, as long as you are contactable  – You can Skype
  • Set out ground rules at the start of the tenancy about when you’re contactable, and stick to them! Once you deviate from this your tenants will always expect you to answer them, whatever the time of day.

 

 

 

 

Chasing up rent :-

  • Ideally use standing order or direct debit – you’ll know it’s set up properly
  • Diarise rent date and contact the tenant on the same day if the rent doesn’t materialise
  • Have a process –  e.g. text day 1, text day 2, call day 3, final warning day 4
  • Don’t fall for those sob stories, you are running a business!

Dealing with emergencies :-

  • What is an “Emergency” you need to set ground rules
  • Instruct tenants about what to do in an emergency.  You may not always be the best person to call first.
  • Perhaps consider landlord emergency cover

Dealing with routine maintenance :-

  • Build up trades contacts and ensure you treat them well
  • Save a visit by seeing if it’s something the tenant can easily fix  e.g. washing machine filter or  unblock the  sink
  • Communicate clearly about damp and condensation – explain the difference, send yearly leaflets “how to guide”
  • Use routine inspections to look for early signs of repairs that will need doing.
  • Ensure you also check for early signs of repair works on the external of the property

Inspections :-

  • Quick check of each room
  • Check smoke alarms
  • Visually inspect electrics
  • Look for condensation
  • Look for early signs of repairs that will be needed

Be proactive and stop issues from happening in the first place, remember the saying “work smart, not hard”.

Until next time

http://www.hallandthompson.co.uk

 

 

Japanese Knotweed – The Scourge Of Tamworth Landlords

Japanese knotweed, the invasive plant brought over to Britain in the 19th Century is a perennially herbaceous plant. It can grow up to 20cm a day in the summer and has been known to  develop a stubborn root system that can establish itself over 2 metres deep into the ground.

japanese knotweed picture
japanese knotweed picture

Introduced to the UK as an ornamental plant in the Victorian era, it was widely used to hide unsightly railway line features, causing the weed to spread rapidly throughout the rest of the country.

It is a known fact that Knotweed  threatens millions of pounds worth of property transactions in the UK.

While knotweed is a problem for homeowners to treat, it poses considerable challenges for estate agents as well, they  stand to lose out from  sales falling through.

Japanese knotweed
Japanese knotweed

So, what do you need to know about knotweed, and how should you approach the issue?

Japanses Knotweed grows rapidly and is able to grow through cracks in concrete and can undermine the structural integrity of a building.

Recent research conducted by the Crop Protection Association  revealed that: –

  • One in ten people lost money on a property following an infestation of knotweed.
  • One in seven people  saw a property deal fall through because of the presence of knotweed.
  • One in five saw the value of their house drop because of the presence of the weed.

Any attempts by sellers not to declare knotweed can cause problems for estate agents if a prospective buyer spots the plant.  Agents are also obligated to inform a prospective buyer of the presence, as this may affect their decision to buy the property.

One of the biggest knotweed problems confronting agents is it being wrongly diagnosed as Japanese knotweed when in fact it could easily be Himalayan Balsam, Bind Weed or Russian Vine.

The Crop Protection Association  revealed that: –

  • Less than a third of people felt confident that they’d be able to recognise knotweed.
  • One in six people said they had a good understanding of the plant.
  • Over one in four people stated that they knew nothing at all about knotweed.

If knotweed is found to be present, homeowners should be reassured that it does not necessarily have to affect a sale. If a proper remediation strategy is in place with warranties and insurance, the legal guarantees can demonstrate to solicitors that the knotweed issue is under full control.

For more information about Japanese knotweed, visit: http://www.japaneseknotweedcontrol.com

Don’t Forget you can keep up to date with all our articles on the Tamworth property Market on our other media sites:-

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Until next time, Happy house hunting

 

5 Reasons Why Tamworth High Street Estate Agents are Better Than Internet Estate Agents

There doesn’t seem to be a week going by that a new online call centre based estate agency opens offering unbelievable services at quarter of the price, implying their service is just as good as the so called ‘expensive’ high street agents.

1/ Online Agents are not No Sale No Fee. On the face it.. a similar service for a quarter of the price sounds fantastic! Who doesn’t want to spend less on agent fees when trying to sell their Tamworth home? Yes, the fee is lower, but you will have to pay it upfront (or defer it for up to 10 months but still have to pay) whether your property sells or not.

2/ Online Agents Hidden Extras. The eye-catching low fees for these call-centre online agents are, on the outside, attractive but when you dig a little deeper you find that the low fee is not all it appears to be. Add-ons can include extra for paying accompanied viewings, floor plans, listing on Rightmove or being forced to use their call centre solicitors at the other end of the Country.

3/ Experienced Estate Agents. Call centre online agents are what they say they are on the tin – online, and the majority if not all of your negotiations and communications will be with the folks in the agent’s national call centre. Do you want the sale of your largest asset handled by someone sitting in a call centre 200 miles away from the property as they attempt to sell, without that all vital local market knowledge? I have to ask, how can these online agents know about your home, school catchment areas etc., and the locality in Tamworth?

4/ Local Knowledge of Tamworth. If you’re selling your home in Tamworth it pays to choose an agent with local knowledge of the Tamworth market. Every Tamworth High Street agent is aware of the Tamworth market trends and most importantly sensible pricing structures for the area.

5/ Getting the Best Price for Your Home. The High Street agent fee is a huge incentive for them to get it right for you – first time. At Hall and Thompson Estate Agents, we meet all of our clients to discuss a realistic market price for their Tamworth property.

We never offer to market properties for more than their true market value – a ploy some online call centre based estate agents do in an attempt to win your property – but this guarantees that when your property does go onto the market for the first time (the most important time), it gets little or no interest as buyers know their prices and can’t be fooled.

Our fee ensures that you receive the very best service from us – it is totally in our best interest to find the most suitable buyer for your home and get them to pay the best price for it.

What are your plans? Are you getting your house ‘sale ready?’ 🏡 Do you need your house valuing? Give us a call here at Hall and Thompson and let us see how we can help you. 01827 425195 or 07531484956

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Tamworth Property Market – Which Houses are Actually Selling?

Beast from the East, Russia, Facebook, Brexit, Trump, House prices up, House prices down … the Press is full of column inches on Brit’s favourite subjects of politics, scandal, weather and not forgetting (and I appreciate the irony of this!) the property market. As an agent belonging a national group of letting and estate agents, talking to my fellow property professionals from around the UK, the one thing that is immediately apparent is the UK does not have one property market. It is a hodgepodge patchwork (almost like a fly’s eye) of lots of small property markets all performing in different ways.

… And that made me think … is there just one Tamworth Property Market or many?

I like to keep an eye on the property market in Tamworth on a daily basis because it enables me to give the best advice and opinion on what (or not) to buy in Tamworth, be that a buy-to-let property for a Tamworth landlord or an owner occupier house for a home owner.  So, I thought, how could I scientifically split the Tamworth housing market into segments, so I could see which part of the market was performing the best and the worst.

I decided the best way was to split the Tamworth property market into four equal size price bands (into terms of households for sale). Each price band would have around 25% of the property in Tamworth, from the lowest in value (the Lowest Quartile or 25%) all the way through to the highest 25% in terms of value, the Upper Quartile.  Looking at the market, I have calculated that these are the price bands in Tamworth are as follows:

  • Lowest Quartile (lowest 25% in terms of value) … Up to £150,000
  • Lower/Middle Quartile (25% to 50% Quartile in terms of value) … £150,000 to £190,000
  • Middle/Upper Quartile (50% to 75% Quartile in terms of value) … £190,000 to £250,000
  • Upper Quartile (highest 25% in terms of value) … £250,000 Upwards

So, having split the Tamworth Property Market approximately into four equal sizes, the results in terms what price band has sold (subject to contract or stc) the most is quite enlightening –

Tamworth  Available Sold STC % Sold
Up to £150,000 69 107 60.8%
£150,000 to £190,000 79 112 58.6%
£190,000 to £250,000 102 95 48.2%
£250,000 Upwards 180 79 30.5%

Although the results are close, the best performing price range in Tamworth is the lower market. As I would expect, the upper quartile (the top 25%) is finding things toughest. Interestingly for Tamworth landlords, with the lower market and the middle market selling well, it looks like there are plenty of Tamworth landlords buying properties to add to their buy to let portfolios. Even though the number of first time buyers did increase in 2017, it was from a low base and the vast majority of 20 something’s cannot buy, so need a roof over their head (hence the need to rent somewhere).

It is a fact that British (and Tamworth’s) housing markets have ridden the storms of Oil crisis in the 1970’s, the 1980’s depression, Black Monday in the 1990’s, and latterly the Credit Crunch together with the various house price crashes of 1973, 1987 and 2008. No matter what happens to us Brexit or anything else … unless the Government starts to build hundreds of thousands extra houses each year, demand will always outstrip supply … so maybe a time for Tamworth landlord investors to bag a bargain?

Want to know where those Tamworth buy to let bargains are?  Follow my Tamworth Property Blog or drop me an email because irrespective of which agent you use, myself or any of the other excellent agents in Tamworth, many local landlords ask me my thoughts, opinion and advice on what (and not) to buy locally … and I wouldn’t want you to miss out on those thoughts … would you?

If you want to learn about the Tamworth Property Market , one source for information is the Tamworth Property Blog authored by yours truly at https://www.tamworthpropertyblog.co.uk

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23% More Tamworth Home Owners Wanting to Move Than 12 Months Ago

As I have mentioned a number times in my local property market blog, with not enough new-build properties being built in Tamworth and the surrounding area to keep up with demand for homes to live in (be that tenants or homebuyers), it’s good to know more Tamworth home sellers are putting their properties on to the market than a year ago.

At the start of 2007 there were 899 properties for sale in Tamworth but by March 2008, when the credit crunch was really beginning to bite, that number had risen to 1,645 properties on the market at a time when demand was at an all-time low, thus creating an imbalance in the local property market.

Basic economics dictates that if there is too much supply of something and demand is poor (which it was in the Credit Crunch years of 2008/9) … prices will drop. In fact, house prices dropped between 15% and 20% depending on the type of Tamworth property between the end of 2007 and Spring 2009.

However, over the last five years, we have seen a steady decrease in supply of properties coming onto the market for sale and steady demand, meaning Tamworth property prices have remained robust.  A stable housing market is one of the foundations of a successful British economy, as it’s all about getting the healthy balance of buyer demand with a good supply of properties. Nevertheless, if you had asked me a couple of years ago, I would have said we were beginning to see there was in fact NOT enough properties coming on to the market for sale … meaning in certain sectors of the Tamworth property market, house prices were overheating because of this lack of supply.

So, it is pleasing to note, looking at the recent numbers …

There are 23% more properties for sale in Tamworth today than a year ago

There were 323 properties for sale 12 months ago, and today that stands at 398. Definitely a step in the right direction to a more stable property market.

Even better news, since the Chancellor announced the stamp duty rule changes for first time buyers (FTB), my fellow agents in Tamworth say that the number of FTB’s registering on the majority of agent’s books has increased year on year. That has still to follow through into more FTB’s buying their first home, however, with the heightened levels of confidence being demonstrated by both Tamworth house sellers and potential house buyers, I do foresee the Tamworth Property Market will show steady yet sustained improvement during the first half of 2018.

What does this mean for Tamworth landlords or those considering dipping their toe into the buy to let market for the first time? Landlords will need to keep improving their properties to ensure they get the best tenants. It is true that demand amongst FTB’s is increasing, albeit from a low base. Even with the new landlord tax rules, buy to let in Tamworth still looks a good investment, providing Tamworth landlords with a good income at a time of low interest rates and a roller coaster stock market.

If you are thinking of investing in bricks and mortar in Tamworth, it is important to do things correctly as making money won’t be as easy as it has been over the last twenty years.  With a greater number of properties on the market .. comes greater choice. Don’t buy the first thing you see, buy with your head as well as your heart … and don’t forget the first rule of Buy To Let Investment …..

I will tell you that 1st rule in a couple of weeks!

If you want to learn about the Tamworth Property Market , one source for information is the Tamworth Property Blog authored by yours truly at https://www.tamworthpropertyblog.co.uk

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Tamworth is a thriving place to live and work

#LoveTamworth

From a small market town Tamworth has become the heart of the UK.    Tamworth was England’s original   capital and is

the home of the historic Tamworth CastleChurch of St Editha, Tamworth, and Moat House and was the capital of the Anglo-Saxon Kingdom of Mercia.

The town’s main industries include logistics, engineering, clothing, brick, tile and paper manufacture. Until 2001 it was also home to the Reliant car company, which produced the three-wheeled Robin and the Scimitar sports car. The Snowdome, the UK’s first full-sized real-snow indoor ski slope is in Tamworth, and only a short distance away is Drayton Manor Theme Park.

Also famous for Robert Peel and The Tamworth Pig,

Happy days.

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Homeownership Amongst Tamworth’s Young Adults Slumps to 56.9%

The degree to which young Tamworth people are locked out of the Tamworth housing market has been revealed in new statistics.

A Tamworth landlord was asking me the other week to what effect homeownership rates in Tamworth in the early to middle aged adult age range had affected the demand for rental property in Tamworth since the Millennium. I knew anecdotally that it affected the Tamworth rental market, but I wanted some cold hard numbers to back it up. As you know, I like a challenge when it comes to the stats.. so this is what I found out for the landlord, and I’d like to share them with you as well.

As anyone in Tamworth, and most would say those born more recently, are drastically less likely to own their own home at a given age than those born a decade earlier, let’s roll the clock back to the Millennium and compare the figures from then to today.

In the year 2000, 57.6% of Tamworth 28-year olds (born in 1972) owned their own home, whilst a 28 year old today born in 1990) would have a 30.7% chance of owning their own home. Next, let’s look at someone born ten years before that. So, going back to the Millennium, a 38 year Tamworth person (therefore born in 1962) would have an 85.0% chance of owning his or her own home and a 38 year today in Tamworth (born in 1980) would only have a 66.2% chance of owning their own home.

Since the Millennium, overall general homeownership in the 25 to 44 year old age range in Tamworth has reduced from 78.69% to 56.90%

If you look at the graph below, split into the four age ranges of 25 year olds (yo) to 29yo, 30yo to 34yo, 35yo to 39yo and finally 40yo to 44 yo, you will quite clearly see the changes since the Millennium in Tamworth. The fact is the figures in Tamworth show the homeownership rate has proportionally fallen the most for the youngest (25yo to 29yo) age range compared to the other age ranges.

The landlord suggested this deterioration in homeownership in Tamworth across the age groups could be down to the fact that more of those born in the 1980’s and 1990’s (over those born in the 60’s and 70’) are going to University and hence entering the job market at an older age or those young adults are living with their parents longer.

I read some national homeownership statistics of different age groups with the same number of years after they left education (rather than at the same age) and that gave an identical dip to the graph above.  Neither are these drops in homeownership related with a significant increase in the number of young adults living with their parents. Again, nationally, that has hardly changed over the last 20 years as the percentage of 30-year-olds living with Mum and Dad only increased from 22% of those born in the early ‘70s to 23% of those born in the early ‘80s.

So, what does this mean for the rental market in Tamworth?

Only one thing .. with the local authority not building Council houses, Housing Associations strapped for cash to build new properties and the younger generation not buying, there is only one way these youngsters can obtain a roof over their head and have a home of their own .. through the private landlord sector. Now with the new tax rules and up and coming licensing rules, Tamworth landlords will have to work smarter to ensure they make the investment returns they have in the past. If you ever want to pick my brains on the future direction of the Tamworth rental market .. drop me line or pop in next time you are passing my office.

If you want to learn about the Tamworth Property Market , one source for information is the Tamworth Property Blog authored by yours truly at https://www.tamworthpropertyblog.co.uk

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So who is my Tamworth buyer and do they really know what they are looking for in a property?

I often ask myself, who is my buyer?

Many times I have thought, If I could answer this question it would be easier to market the property towards that group.

What made you buy your home, was it the location – next to your favourite football club or was it situated in a leafy suburb. What attracted you to it in the first instance?

When I conduct a valuation on any home, I like to get entralled into costume and play a part in the play – me as a potential buyer.  For instance I am a young 20 something looking for a love nest with my beau or I will pretend that I am a professional person who is moving with her  high flying job.

I still wear my estate agent hat to create an accurate price tag. Wearing two hats just ensures that I can create an ideal marketing plan for the seller while getting the best possible price.

Many hats Many hats

So how do you capture potential buyers attention and ensure their need – they really must view your home?

An apartment is perfect for those professional buyers who are carefree and single who are looking for a low maintenance home. They do not want gardens to tend every weekend, after all, they have a busy social life.

Show them the great social life close by, the fabulous restaurants and the many evening attractions. Remember to include this in your marketing material.

Why not try some trendy home staging, it doesn’t cost a fortune.

A 2 bed terrace home  is a ideal starter home for a young couple. Money is often tight as they have been saving every penny for a deposit enabling them to get on the property ladder. Entice them with such information that the home has central heating, has been double glazed and is in great condition.

Point out any large local employers. Are there any green areas or woodland close by? Let people know what is in the neighbourhood.

A bungalow will appeal to the retired as there are no stairs to  manoeuvre. They are often looking to downsize and yet still have a spacious home so make your bungalow appear roomy and light.  Keep ornaments and family photographs to a minimum. You need to sell the retired dream home – low maintenance yet still space to entertain those friends who drop by.

Mention the  bus routes and local amenities, all favourites with the retired folk.

A 3 bed semi-detached house is an ideal family home for growing families.

These buyers are looking for more space in order to bring up their family. Show how the house and garden can accommodate their young ones with plenty of space to play.

Something I always bang on about, make sure every room has a purpose and that includes your spare bedroom. If it appears to be a dumping ground this will turn off potential buyers. They need to see how their families lifestyle will fit in perfectly.

Look at the schools in your area, if you have great schools, then ensure they are mentioned.  Houses close to excellent schools are always at a premium.

When selling your home you need to work out who your buyer is likely to be and you need to market these people. Your agent will gladly offer their thoughts and help market to the ideal viewer. Consider home staging and removing the clutter, sell a lifestyle. It can make a huge difference.

My name is Lorraine Thompson  and I am a property valuer at Hall and Thompson  Estate Agents. I’d love to help you move and achieve a great price for your home. Can we make a difference for you? Why not call me on 01827 425195.

Don’t forget to visit the links below to view back dated deals and Tamworth Property News.

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361 First Timer Buyers in Tamworth Bought Their First Home in 2017

A little bit of good news this week on the Tamworth Property Market as recently released data shows that the number of first time buyers taking out their first mortgage in 2017 increased more than in any other year since the global financial crisis in 2009. The data shows there were 361 first time buyers in Tamworth, the largest number since 2006.

I expect in 2018 that this increase of first time buyers will level out and maybe dip slightly as, nationally, figures demonstrate that first time buyer’s average household income was £40,691 and this represented 17.3% of their take home pay. Although, it might surprise readers that it is actually cheaper to buy than it is to rent at the ‘starter home’ end of the housing market. Many of you can remember mortgage rates at 12% … even 15%. Today, at the time of writing this article, I found on the open market, 189 first time buyer mortgages at 95% (meaning only a 5% deposit was required) with 3 year fixed rates from a reputable High Street bank at 2.49% … they even did a 3 year fixed rate 100% mortgage for 2.89%!

Interestingly, looking at the other end of the market, the buy-to-let investment in Tamworth was subdued, with only 74 buy-to-let properties being purchased with a mortgage. However, I must stress, whilst there is no hard and fast data on the total numbers of landlords buying buy-to-let, as HM Treasury believes only 30% to 40% of buy-to-let property is bought with a mortgage. This means there would have been further cash only buy-to-let purchases in Tamworth – it’s just that the data isn’t available at such a granular level.

In terms of the level of mortgage debt in Tamworth, looking specifically at the B77 to B79 postcodes, there has been a steady rise in borrowing over the last couple of years.

This is pleasing to see, as new mortgage debt is created by first time buyers, buy-to-let landlords and home movers themselves, that is being roughly equalled by the amount being paid off with mature mortgaged homeowners in their 50’s and 60’s finally paying off their mortgage.

So, what does all this mean for the Tamworth Property Market?  Well, the stats paint a picture, but they don’t inform us of the whole story. The upper end of the Tamworth property market has been weighed down by the indecision around the Brexit negotiations and rise in stamp duty in 2014, when made it considerably more expensive to buy a home costing more than £1m. The middle part of the Tamworth property market has been affected by issues of mortgage affordability and lack of good properties to buy, as selling prices have reached the limit of what buyers can afford under existing mortgage regulations. The lower to middle Tamworth property market was hit by tax changes for buy-to-let landlords, although this has been offset by the increase in first time buyers.

If you are in the market and selling now and want to ensure you get your Tamworth property sold, the bottom line is you have to be 100% realistic with your pricing from day one and you might not get as much as you did say a year ago (but the one you want to buy will be less – swings and roundabouts?). I know it’s not comfortable hearing that your Tamworth home isn’t worth as much as you thought, but Tamworth buyers are now unbelievably discerning.

So, if you are thinking of selling your Tamworth property in the coming months, don’t ask the agent out a few days before you want to put the property on the market, get them out now and ask them what you need to do to ensure you get maximum value in the shortest possible time. I, like most Tamworth agents, will freely give that advice to you at no cost or commitment to you.

if you would like to read more articles on my thoughts on the Tamworth property Market – please visit the Tamworth Property Market Blog

If you want to learn about the Tamworth Property Market , one source for information is the Tamworth Property Blog authored by yours truly at https://www.tamworthpropertyblog.co.uk

https://www.facebook.com/Hallandthompsonestateagents/

https://www.youtube.com/channel/UCyF9OUR3g6E8HywCx7tU4DA

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Tamworth’s ‘Millennials’ set to inherit £329,700 each in property!

That got your attention … didn’t it!

But before we start, what is Generation X, let alone Generation Z, Millennials, Baby Boomers  … these are phrases banded around about the different life stages (or subcomponents) of our society. But when terminologies like this are used as often and habitually as these phrases (i.e. Gen X this, Millennial that etc.), it appears particularly vital we have some practical idea of what these terms actually mean. The fact is that everyone uses these phrases, but often, like myself, they are not exactly sure where the lines are drawn …until now…

So, for clarity …

Generation Z:              Born after 1996

Millennials:                 Born 1977 to 1995

Generation X:              Born 1965 to 1976

Baby Boomers:            Born 1946 to 1964

Silent Generation:       Born 1945 and before

My research shows there are 8,064 households in Tamworth owned by Tamworth Baby Boomers (born 1946 to 1964) and Tamworth’s Silent Generation (born 1945 and before). It also shows there are 15,494 Generation X’s of Tamworth (Tamworth people born between 1965 to 1976). Looking at demographics, homeownership statistics and current life expectancy, around two-thirds of those Tamworth 15,494 Generation X’s have parents and grandparents who own those 8,064 Tamworth properties.

… and they will profit from one of the biggest inheritance explosions of any post-war generation to the tune of £1.726bn of Tamworth property or £166,970 each but they will have to wait until their early 60’s to get it!

However, it’s the Millennials that are in line for an even bigger inheritance windfall.

There are 11,299 Millennials in Tamworth and my research shows around two thirds of them are set to inherit the 11,612 Tamworth Generation X’s properties. Those Generation X’s Tamworth homes are worth £2.485bn meaning, on average, each Millennial will inherit £329,700; but not until at least 2040 to 2060!

While the Tamworth Millennials have done far less well in amassing their own savings and assets, they are more likely to take advantage of an inheritance boom in the years to come. This will probably be very welcome news for those Tamworth Millennials, including some from poorer upbringings who in the past would have been unlikely to receive gifts and legacies.

However, inheritance is not the magic weapon that will get the Millennials on to the Tamworth housing ladder or tackle growing wealth cracks in UK society, as the inheritance is unlikely to be made available when they are trying to buy their first home…but before all you Tamworth Millennials start running up debts, over 50% of females and around 35% of men are going to have to pay for nursing home care. Interestingly, I read recently that a quarter of people who have to pay for their care, run out of money.

So, if you are a Tamworth Millennial there potentially will be nothing left for you.

Of course, most parents want to give their children an inheritance, the consideration that what you have worked genuinely hard for over your working life won’t go to your children to help them through their lives is a really awful one … maybe that is why I am seeing a lot of Tamworth grandparents doing something meaningful, and helping their grandchildren, the Millennials, with the deposit for their first house.

One solution to the housing crisis in Tamworth (and the UK as a whole) is if grandparents, where they are able to, help financially with the deposit for a house. Buying is cheaper than renting – we have proved it many times in these articles … so, it’s not a case of not affording the mortgage, the issue is raising the 5% to 10% mortgage deposit for these Millennials.

Maybe families should be distributing a part of the family wealth now (in the form of helping with house deposits) as opposed to waiting to the end… it will make so much more of a difference to everyone in the long run.

Just a thought?

if you would like to read more articles on my thoughts on the Tamworth property Market – please visit the Tamworth Property Market Blog

If you want to learn about the Tamworth Property Market , one source for information is the Tamworth Property Blog authored by yours truly at https://www.tamworthpropertyblog.co.uk

https://www.facebook.com/Hallandthompsonestateagents/

https://www.youtube.com/channel/UCyF9OUR3g6E8HywCx7tU4DA

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