Local property. Local knowledge. Local experts.
Buying to Let What You Need to Know
Vital Statistics The Stats That Matter in Your Area
ESTATE AGENTS
Issue 01
PEPTALK
CONTRIBUTORS
Charlie Perdios Anthony Pepe’s Managing Director gives us his market review.
Kate Faulkner UK’s leading property expert Kate with top tips for buying to let.
Julio Eleftheriou Meet Julio, the man behind Anthony Pepe’s commercial division.
Welcome Welcome to our new magazine – PEPTALK – Anthony Pepe’s new community communication which we trust you will find both interesting and enjoyable. The content is designed to provide you with an insight into the local property market as well as provide useful information on the area and its community. At Anthony Pepe we are committed to working closely with the communities in which we operate and PEPTALK is also the name we have given to the new community section on our new website, the property clinics that we hold and our regular sessions on local radio. With social media now at the forefront of communication we have also created the hashtag #PEPtalk on Twitter where you can ask Director Charlie Perdios any questions you may have about the property market or moving home.
The last 12 months have been an exciting period for Anthony Pepe and we were recognised by being awarded Bronze in the national small agent (2-5 offices) category at the 2013 Negotiator Awards. In addition our team has grown to be seventeen strong and we have opened a new commercial division under the management of Julio Eleftheriou, who is interviewed later in this magazine. Our plans over the next 12 months are to build on our success and expand our branch network. Naturally the team and myself are here to help with any property or moving plans you have and very much look forward to speaking with you. Enjoy PEPTALK!
Charlie Perdios In the coming weeks we will also be launching video blogs (Vlogs) under the PEPtalk banner.
Catherine Holt Lettings Manager Catherine talks property management.
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Managing Director
Market View|
Charlie Perdios
Property values locally have risen significantly in the last twelve months with some areas seeing increases in excess of 20% during that time.
factor in “cooling the ardour” of prospective buyers and, of course, will help delay or mitigate any proposed upward movement in interest rates if the housing market steadies itself.
Recent weeks however have seen a slowing down in the rate of property price increases and the changes lenders have made following the mortgage market review (MMR) have certainly added delays to the process of securing a loan as lenders go through a more detailed process to ascertain that any loans made are affordable by the borrowers.
We are also less than a year away from a General Election and, in my experience, as we get closer to voting time there is likely to be a natural slowing down as the uncertainty of result causes people to “sit on their hands” and await the outcome.
There is often talk of the “ripple effect” that has, at its centre, Central London, and whatever happens there tends to work its way into the wider UK market. Speaking with agents operating in Central London there is no doubt that there has been a significant “cooling down” of activity and the manic scenarios being seen only a few weeks ago with several buyers for every property have certainly reduced. The Bank of England have also signalled that interest rates may need to increase a little sooner than previously forecast but have said that any rises will be small and incremental. Indeed, the rhetoric from Bank of England Governor Mark Carney and his team is undoubtedly a major
However, the sales market, whilst cooling, remains strong as demand, in most price ranges, continues to exceed supply. Yes we are seeing some slowing down of price rises (and there are now reports of some actual falls in Central London) but this is fundamentally a good thing as an overheating market serves nobody well and property in prime locations is still attracting interest from good numbers of potential buyers. The lettings market remains steady and has gone through a period of adjustment as many “accidental landlords” have taken the opportunity of an improved sales market to sell and realise their property value and the Government’s Help to Buy scheme has seen many “would be” tenants become purchasers instead .
although yields remain good in comparison to other investments, particularly when you factor capital value increases over the medium and longer term. A lack of fresh supply is ensuring good rental returns are being maintained and many landlords are looking to grow their portfolios, a clear indicator that confidence in the sector remains high. Whilst new home numbers are increasing they are still pitifully below the levels needed to meet demand and this imbalance will help ensure that property values hold up and grow, albeit at more comfortable rates of growth in the weeks and months ahead. As mentioned earlier, Help to Buy has clearly assisted many, particularly first time buyers, to buy and has also contributed to improving confidence in the sector. To conclude, my view is that the property market remains set fair for a good and positive 2014 and will be looked back on in the future as being a good time to have moved. As we move forward I believe there may be some stuttering during 2015 due to the General Election but that the overall prognosis for the market remains positive.
Rising prices also means that yields effectively reduce
PEPTALK | 3
PROPERTY STYLING TIPS TO HELP YOU MAXIMISE YOUR SALES PRICE PEOPLE lack imagination. It is a simple fact – and one that plays well to the savvy home seller. If you can show someone a house they feel they can move straight into as a home you are onto a winner. Not only is it easier – no decoration needed or repairs to do – but many buyers simply cannot see your rooms laid out any differently than you already have them. So use it to your advantage and give your home the light touch makeover it needs to look its absolute best. Then you are not just selling someone a pile of bricks and mortar – but a dream and a lifestyle. So here are our Five Top Property Stylying Tips to make sure your property is someone else’s dream home:
1
First, make it clear what the room is for – abolish the junk room or the kids’ zone and get that room clear. Tip One is simple bedrooms sell houses – so put a bed in there. 4 | PEPTALK
2
Next, it is time for lighting. Theatres have whole lighting crews to create atmosphere and mood on stage – and you are staging your home, so think about what kind of lights you have and where they are. So go light and bright in kitchens and bathrooms but maybe cosy and warm with a table lamp or two in the bedroom or living room.
3
Top Tip Three on our list is to keep colours simple. Bright and bold may make a statement about you but they just put many buyers off. So stay off ecclesiastical purples, lime greens or electric blues. It doesn’t have to be just magnolia, but clean and smart is the way to go.
4
Make your rooms grow! Not by getting the builders in but by a little bit of illusion – mirrors add depth to a room and shiny surfaces help spread the effect of those lights from Tip Three. Dark corners become a whole new
space to sell with an oversized mirror on the wall.
5
And finally Tip Five is accessorise – invest in new sheets and pillowcases in the bedroom, cushions and curtains in the living room and flowers to suit the room everywhere you can. It freshens the house and makes it look modern and fashionable – and you get to take the new trimmings with you. Make these Top Five Property Styling Tips work for you, and give each of them the best chance to help you make sure everything off-putting like toys and pet paraphernalia are well hidden. And if you are still struggling for ideas on how to stage – nip along to a showhome on a new development with a camera and snap some inspiration.
Talking Commercially Julio Eleftheriou, Head of Commercial Property at Anthony Pepe Julio Eleftheriou first started with Anthony Pepe some ten years ago and, at thirty three, has amassed some fifteen years experience in the property industry.
and tenacity is seeing excellent transactions result with the food related and education/children’s nursery sectors particularly strong.
Whilst Julio has lived locally Julio, who is based in Palmers all his life, his commercial Green, heads Anthony Pepe’s work takes him much wider commercial division which afield and Anthony Pepe launched at the beginning are currently handling of 2014. transactions throughout the Home Counties. The Commercial Division of Anthony Pepe provides With many blue chip clients a full range of agency and retaining Anthony Pepe in acquisition services and respect of acquisitions, Julio handles shops, offices and finds himself dealing with industrial property on both small independent businesses freehold and leasehold and global PLC’s on a daily terms for both occupiers basis. Indeed, much of Julio’s and investors. work is based upon the procurement and acquisition The sale of businesses as services he provides and going concerns is also a key where he matches up his part of the Anthony Pepe growing list of clients to Commercial portfolio. property across the area. Julio describes the commercial market in 2014 as challenging but one where the right combination of expertise
If you are looking to dispose or acquire commercial property then Julio and his team would be delighted to hear from you.
PEPTALK | 5
Sales|Palmers Green
T. 020 8882 6567
Wentworth Gardens, N13 £849,950 A substantial six bedroom semi-detached property situated on a quiet cul-de-sac. Arranged over three floors, this property has been extended and refurbished to a very high standard.
Eaton Park Road, N13 £375,000
River Avenue, N13 £379,995
Pembroke Road, N13 £449,995
Two bedroom ground floor conversion with impressive 18th reception, modern fitted kitchen, two generous sized bedrooms, family bathroom and own section of rear garden.
A modern and contemporary two bedroom ground floor conversion situated on a popular residential turning directly off Green Lanes and within catchment to St Monica’s RC Primary School.
A three/four bedroom family home located on the ever popular New Parks Estate. Open plan reception leading to an extended L-Shaped kitchen/diner, and a double garage to the rear.
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T. 020 8882 6567
|Sales
Palmers Green
Clearview Court, N13 £450,000 A second floor apartment set within this modern development offering spacious accommodation with 1,200 sq ft of living space. Two bedrooms, two bathrooms, bespoke kitchen, gated parking.
Dorchester Avenue, N13 £499,995
Crothall Close, N13 £575,000
Derwent Road, N13 £860,000
This three bedroom property boasts 1160 Sq. feet of living accommodation and comprises front reception, extended kitchen/diner, ground floor WC and luxury four piece bathroom and off street parking.
A three bedroom Semi Detached home situated directly off Fox Lane. The property benefits from double glazing, gas central heating, integral garage and off street parking for several vehicles.
An imposing 4/5 bedroom Edwardian Semi Detached family home situated on the ever popular Lakes Estate that boasts approx. 1952 Sq, feet accommodation and walking distance to Broomfield Park.
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ANTHONY PEPE LAUNCHES NEW WEBSITE
CONTENT RICH From market news, videos to expert advice, we regularly update the site keeping it fresh.
We’re excited to announce the launch of our new fully-featured website! The new Anthony Pepe website has been designed to provide the ultimate user-friendly experience with improved navigation and functionality throughout, allowing customers to access more information and videos, with the option to share across all major social networking sites. Created with the user experience firmly in mind, the website has been designed so that the site is compatible with today’s browsers and mobile devices. Visitors to the site can benefit from richer online content that is easier to navigate. We’ll keep you informed with the latest news from both Anthony Pepe and the industry, as well as provide useful information from those in the know. The new website reflects Anthony Pepe’s positioning as a premier and award winning independent estate agent and effectively communicates the ethos of the Anthony Pepe brand. The site will be updated on a regular basis with new content so please bookmark us and keep visiting our site! We hope you like it and we encourage you to contact us and send your feedback and enquiries.
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SHARE Like what you see? Share content at the touch of a button.
GET DIRECTION FUNCTIONALITY Incredibly easy to use, you can now locate our properties, get directions and even see a street view, all within the Anthony Pepe website saving you any need to flick between sites!
MOBILE We’ve made browsing on your mobile easy.
PEPTALK | 9
Sales|Harringay
T. 020 8341 9999
Warham Road, N4 £795,000 OIEO An absolutely stunning three bedroom, bay fronted Victorian mid-terrace with a south facing rear garden. The property has recently been refurbished to an exceptional standard.
Mattison Road, N4 £455,000 OIEO
Pemberton Road, N4 £475,000
Allison Road, N8 £535,000
Beautiful two bedroom split level ground floor apartment, converted from an attractive Victorian house on one of Harringay’s premier roads. This splendid period home is offered for sale in excellent decorative condition offering a contemporary and sophisticated feel.
Stunning two bedroom ground floor apartment, converted from an attractive Victorian house on one of Harringay’s premier roads. This splendid period home offers a contemporary interior décor while keeping its original period charm.
An absolutely stunning two bedroom split level ground floor Victorian conversion, situated on the fashionable ‘Harringay Ladder’ with a south facing rear garden. Offered with the share of freehold. **Sole Agents**
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T. 020 8341 9999
|Sales
Harringay
Burgoyne Road, N4 £895,000 A gorgeous four bedroom Victorian mid-terrace house, situated on the most desirable road on the’ Harringay Ladder’. The property is offered in excellent condition with an exciting blend of modern contemporary and original period features.
Eade Road, N4 £795,000 OIEO
Warham Road, N4 £880,000
Mayton Street, N7 £1,049,950
An exceptional three bedroom Victorian mid-terrace located on a desirable residential turning moments from the green open space of Finsbury Park. Eade Road offers access to the bustling shops and restaurants of Green Lanes.
Stunning four bedroom, bay fronted Victorian mid-terrace situated on the desirable’ Harringay Ladder’. Located moments away from Green Lanes ,Harringay with its superb selection of shops and restaurants.
Stunning five bedroom Victorian mid-terrace house arranged over four floors, located on a desirable tree lined road. Mayton Road is ideally situated for the shopping, entertainment of Holloway Road and Seven Sisters Road.
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What you need to know when buying to let|Kate Faulkner 3) tips on selling/ guide on money selling by Sam what you can afford to buy with expect to put your in for your rental income could fall. 15-20 years. Ashdown
The media loves a buy to let story. Whether it’s someone who has made lots of money, lost lots of money, a good landlord deed or a landlord being fined for breaking all the rules it seems to be always in the spotlight. With all the ‘talk’ about buy to let and weekly media coverage of house price rises and the new opportunity to potentially cash in your pension and spend it on property instead of perhaps an annuity, it’s not a surprise if you haven’t before, you are thinking about investing in buy to let. Before you take the plunge though, what are the key things you need to know before you start and what should know as a landlord?
Key principles of buy to let You are, pretty much, free to choose how you invest your money and grow your assets. However, what is important is to really understand what makes an investment like buy to let work versus other ways you could invest your money. Here are three principles of buy to let which I think are important to understand:-
Long Term Investment Financial chaps will normally say you need to invest in stocks and shares for five or more years to secure a good return, any sooner and you may have to sell at a loss. From a buy to let perspective, property, due the cost to buy in and exit, may not be the best short term investment, unless you get lucky with the ‘deal’ and market. So for your investment in buy to let to deliver, you should
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Gearing It is tremendously important to understand that, overtime, one of the reasons buy to let delivers is because you can borrow and secure a tenant to pay all or some of the costs to own the property. Many buy to let investors either do or are considering investing 100% cash into buy to let. This isn’t the best way though as you potentially reduce your returns. For example if you buy a property for £300,000 and it goes up by 10%, you make £30,000 gross profit, minus the purchase/costs. However, spending £100,000 on a buy to let worth £300,000 and borrowing the rest, means you make £30,000/£100,000 ie three times the returns, minus costs.
Beware Inflation Whether you buy a house outright to let or you gear your investment, understanding the impact of inflation on your investment is key. If your property’s value doesn’t grow in line with inflation and you invested with 100% cash, then the real value of your investment will fall when you sell. And your rental income won’t always keep up with inflation – growth matches wages and they have hardly moved since the start of the credit crunch. The good news is, for London, most property price growth to date has outstripped inflation. Looking at it from another perspective, if you need to rely on the rental income to support your lifestyle, rents drop or inflation puts up your cost of living, then
Overtime, inflation is around 3% per year. Does this mean it’s a good idea to buy to let or not? The reality is, as long as you understand whether you want capital growth or income, focus on making sure you buy a property which delivers the returns you want and invest for the long term, it can be a great investment.
Finding a good local agent you trust to help make sure your head rules your heart, is essential. However, you need to be aware when buying what checks to make on the property to ensure its let legally and then you need to be sure when letting you abide by the many rules and regulations – especially when they change! To help achieve this, finding a good local agent you trust to help make sure your head rules your heart, is essential. For more help with the steps to buy to let investment, renting a home safely and making sure you pay the right level of tax, visit www.propertychecklists.co.uk, free to join and you also receive up to date price and rental data on a weekly basis.
Why should I have my property managed? Catherine Holt, Lettings Manager Palmers Green Office As rents rise in London so do tenants’ expectations and as such both private and corporate tenants are demanding professionally managed lets. In our opinion offering a prospective tenant a professionally managed property speaks volumes. The best tenants will expect the best service and as an award winning agency you can be safe in the knowledge that we’ll deliver a high quality service.
removed, painted, repaired or replaced. We’ll see to it that this is taken care of and that your tenancy begins smoothly. You will be dedicated your own experienced Property Manager who will take care of the frequent phone calls, requests for work or repairs, appointing contractors and third parties and simply reporting back to you as little as you personally choose. Property Management cannot be carried out from the office alone, therefore our team will visit At Anthony Pepe we understand your property and manage any that running a tenanted property maintenance issues before they yourself can take up more of have a chance to escalate. your time than anticipated. Our tailor made, comprehensive So whether it’s about ending Property Management service a tenancy, negotiating the ensures that the letting of your deposit or dealing with a property runs both smoothly and demanding tenant, our property stress free. From the moment management team have the you instruct us, we’ll manage experience to deal with any every aspect of letting your issues that arise. property beginning with finding you the very best tenants, For what’s included in our negotiating the best price on property management service your behalf, and for the duration please give me a call on of the tenancy, our experienced 020 8882 6568 and I will team will be available to deal be happy to explain in more with any issues that arise, detail. Bespoke services are ensuring your property and also available, all you need to do tenants are well looked after. is ask and we can create a tailor made service specifically for you. At the start of the tenancy, tenants may want things added,
PEPTALK | 13
Lettings|Harringay
T. 020 8341 9999
Endymion Road, N4 £1350PCM
Lymington Avenue, N22 £1500PCM
A beautiful raised ground floor split level one bedroom flat with private garden, set within a period conversion ideally situated in a highly sought after location within easy reach of Manor House.
A fantastic two bedroom house with garden situated in the popular ‘Noel Park’ estate, providing easy access to the ample shopping facilities and transport links of Wood Green High Road
Ronaldshay, Marquis Road, N4 £1600pcm
Highbury Stadium Square, N5 £1750 PCM
A superb two bedroom top floor flat in a small purpose built block. Offering access to the facilities of both Crouch End and Stroud Green.
Stunning luxury apartment in this sought after new development Highbury Stadium Square, the former Arsenal Football Club. Located very close to Arsenal tube and Drayton Park overground.
Stanhope Gardens, N4 £2200pcm
Kevelioc Road, N17 £2400 PCM
A Spacious and well presented three double bedroom house located on a premier turning in Friern Barnet, within easy reach of North Finchley High Road and the green open spaces of Friary Park.
A beautifully presented and recently fully refurbished four double bedroom semi-detached house, located on a peaceful turning moments from Arnos Grove underground station, local shopping facilities and the green open spaces of Arnos Park.
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T. 020 8882 6567
|Lettings
Palmers Green
Maple Leaf Court, N13 £1275 PCM
Grovelands Road, N13 £1450PCM
A modern two double bedroom ground floor apartment set within a popular gated development in Palmers Green. Available now on a furnished/ unfurnished basis. Internal viewing highly recommended.
A stunning two double bedroom ground floor garden conversion located within the popular Lakes Estate. This beautifully presented property retains many features and boasts spacious accommodation throughout.
Lodge Drive, N13 £1600pcm
Howard Close, N11 £1750 PCM
An impressive three bedroom ground floor garden flat, set within a period conversion on a premier turning moments from Green Lanes. Internal viewing highly recommended.
Anthony Pepe & Co are pleased to offer this end terraced three/four bedroom house having been modernised and well maintained throughout.
Brookdale Road, N11 £2300 PCM
Friary Road, N12 £2500pcm
A beautifully presented and recently fully refurbished four double bedroom semi-detached house, located on a peaceful turning moments from Arnos Grove underground station, local shopping facilities and the green open spaces of Arnos Park.
A Spacious and well presented three double bedroom house located on a premier turning in Friern Barnet, within easy reach of North Finchley High Road and the green open spaces of Friary Park.
PEPTALK | 15
Green Lanes N13
£45,000 PA Leasehold
£54,000 Leasehold
£750,000 FREEHOLD
Ideal rental investment currently producing £49,475 PA comprises a large ground floor lock up shop with a large 3 bedroom , 2 reception maisonette above.
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£32,000 PA Leasehold
This 875 Sq Ft ground floor A1 corner unit located on this sought after parade in Cockfosters. A1 Use. New Lease.
Fillebrook Avenue EN1
£20,000 Leasehold
Fully equipped private gym. Premium: £20,000 to include fixtures, fittings and Goodwill. Rent: £5,256 PA. D2 Use. Lease: 8 Years on a FRI lease from Nov 2009
Freehold for Sale
Freehold for Sale
Charming family owned Italian restaurant. Premium: £54,000. Rent: £14,000 PA. Lease: Assignment of a 10yr lease with 4 yearly rent reviews (commencement date April 09).
Chase Side N14
Cockfosters Parade EN4
Business for Sale
Business for Sale
This 2,500 Sq Ft ground floor lock up shop located in the heart of Palmers Green and within close proximity to the train station and local amenities.
High Road N20
T. 020 8882 6567 To Let
To Let
Commercial
Victoria Street AL1
£675,000 FREEHOLD
Large Freehold for sale located on popular road minutes from St Albans Mainline Station and local amenities. The property is currently producing £38,000 PA income.
Community Groups Focus:
The Ladder Community Safety Partnership At Anthony Pepe we understand that community groups and resident associations play an important part in shaping our community and improving the area we live in. Charlie Perdios speaks to Ian Sygrave, Chairman of the LCSP.
What is the LCSP? The Ladder Community Safety Partnership represents and reflects the interests and concerns of residents who live and work in Harringay Ward. We are also an umbrella organisation for many individual Residents’ Associations, Neighbourhood Watches and smaller community groups. However, most of our members are individual residents who have joined us because they care about, and take pride in, our local area and want to keep Harringay a safe, clean and pleasant place in which to live. We work closely not only with Ladder residents but also with neighbouring areas such as the Gardens and Woodlands Park (GRA & WPRA). Over the past 15 years we have also built up strong working relationships with organisations such as the
police, Haringey Council, Veolia and the Green Lanes Traders’ Association, to give residents a stronger voice.
When do you meet? Every second Thursday of the month (except August), 7pm, at Harringay United Church Hall (entrance via Green Lanes frontage, near Allison Rd). Local police and councillors normally attend each meeting and relevant council officers, as necessary.
What sort of things have you achieved so far? • Taking a leading part in the campaign to oppose more betting shops in Green Lanes (e.g. the Coliseum site, by St Ann’s Rd, will no longer be turned into a betting shop and is now a solicitors). • Producing our own Action Plan on Houses in Multiple Occupation / conversions, which led directly to the Council’s Additional Licensing Scheme for all HMOs in Harringay Ward (since Oct 2011). • Securing funding for planting 150 new trees on Ladder Roads and for
• Environmental improvements in Harringay Passage • Contributing to the drafting and monitoring of the successful £1.8m funding bid for the regeneration of Green Lanes (2013-14).
How do you join the LCSP? Just send us your details at lcsp@blueyonder.co.uk and we’ll put you on the mailing list. If you do not have access to a computer we specialise in doorstep deliveries. Just drop us a line at LCSP, c/o Cherie’e, 455 Green Lanes, N4 1HE, and we’ll do the rest. If you are a member of a community group or resident association and would like to feature in our next Peptalk magazine or our community website section, please email charlie@anthonypepe.com
LCSP c/o Cherie’e, 455 Green Lanes N4 1HE Email: lcsp@blueyonder.co.uk
PEPTALK | 17
Your Say We don’t need to blow our own trumpet, others do it for us and here you will find a small selection of comments we have received from our happy customers. We pride ourselves on providing the best possible service and achieving the best possible results for our clients. Customer feedback is important to us, our future clients and absolutely intrinsic to the way we run our business.
Out of the five estate agents I used on the sale of my house I found Anthony Pepe to be the most engaging with potential buyers.
We chose Anthony Pepe because of the promise to deliver a personalised service and provide support to us through to completion – we were not disappointed. KIM, SELLER
Anthony Pepe & Co have exceeded my expectations and I have no hesitation in recommending their services IS, LANDLORD
MR MORTIMER, SELLER
I am extremely satisfied with the level service I received from Anthony Pepe estate agents as they have delivered on their promise to successfully sell my property at the price I wanted where other estate agents in the area have failed. Their service is both professional and very friendly and all of their staff completely understand the process of buying and selling properties that is evident in their service and in their excellent results. I would recommend Anthony Pepe estate agents to anyone that wants a stress-free buying or selling experience. MR A GEORGIOU, SELLER
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THE STATS THAT MATTER IN YOUR AREA
ESTATE AGENTS
PEPTALK | 19
Mortgage Matters by Lea Karasavvas of Prolific Mortgage Finance 3) tipsofon selling/ selling by As the last quarter fixedguide moneyon with the view Ashdown 2014 approaches, lenders that rates have effectively are still showing a large “bottomed out”. appetite to lend. The impact of Mortgage Market So how has the purchase Review has taken its toll since April with many lenders changing their Market experts assessment of affordability still anticipate a and tightening up on their income multiples, but as gross lend of near we approach the year end, £200bn this year a total gross lend of £200bn still looks achieveable and £215bn next across the board. The cost of borrowing has increased a little since the beginning of the year with rates generically higher over every echelon from 95% borrowing down to 60% borrowing but perhaps the biggest area of growth has been in the commercial and development sector where lenders are still becoming more and more competitive with margins on development in particular, reducing considerably.
Sam criteria, and with pipelines
year so lenders still show great ambition
market altered this year? Mortgage Market review has certainly reduced the potential maximum borrowing of purchasers with the likes of Halifax, RBS and Santander all reducing their income multiple calculations. Interest only has also been diluted significantly One thing is certain, the with most lenders either base rate will inevitably rise withdrawing from this whether it be in the final market or placing very quarter of this year or early tight criteria on the lend 2015, but we can expect a with a maximum equity in rise in the base rate within the property required for the next 12 months for example. However, the sure. The impact of this will biggest impact has possibly be a rise in the re-mortgage been the length of time market as borrowers seek to process a mortgage. comfort in longer term With stricter underwriting
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still congested since the implementation of the mortgage market review, many lenders are still catching up with the average time of mortgage offers increasing and also valuation instructions.
However, whilst this may all seem like bad news, market experts still anticipate a gross lend of near £200bn this year and £215bn next year so lenders still show great ambition. The key is to understand the lenders ever changing criteria, and to also understand the lenders timescales. For mortgage applications to progress as smoothly as possible, we suggest preparation is key. Bank statements, payslips, proof of deposit should all be collated before mortgage meetings to ensure that you are in the best position possible when meeting with banks/brokers. The market is still strong, the market is still active, and despite the headlines of many papers, mortgages are still available at exceptional rates.
We Recommend Our pick of the best cafe and restaurants. Palmers Green
Harringay Greek
NISSI
Cafe
BLEND
62 Aldermans Hill, Southgate, London, N13 4PP
587 Green Lanes, Harringay, London, N8 0RG
0208 882 3170 www.nissirestaurant.co.uk
020 8341 2939 www.localblend.co.uk
BASKERVILLES Tea Shop
CAFE MOKA
66 Aldermans Hill, Palmers Green, London N13 4PP
5 Wightman Rd, London, N4 1RQ
020 8351 1673 www.baskervillesteashop.co.uk
020 8340 8664
Cafe
STARBUCKS 305-307 Green Lanes, London N13 4YB
Turkish
232 Green Lanes, Palmers Green, London, N13 5UD 020 8886 3503
RIMINI
Turkish
26-27 Grand Parade, Green Lanes, London, N4 1LG 020 8211 8406 www.gokyuzurestaurant.co.uk
020 8886 2587 www.starbucks.co.uk
AKSULAR
GOYKUZU
Cafe
Italian
BUN & BAR
Gastropub
553 Green Lanes, Harringay, London, N8 0RL www.facebook.com/pages/ BunBar/326875114119973
ANTPELILER
Turkish
354-356 Green Lanes, London, N13 5TJ
46 Green Lanes, London N4 1AG
020 8882 8880 www.riminirestaurant.com
020 8802 5588 www.anteplilerislington.co.uk
PEPTALK | 21
Our Staff|Harringay Tel 020 8341 9999 Fax 020 8340 5999 Email harringay@anthonypepe.com Anthony Pepe Harringay, 407 Green Lanes, London, N4 1EY
Charlie Perdios
Ben Tootill-Borrill
* charlie@anthonypepe.com
* ben@anthonypepe.com
Director
Branch Manager
Harringay is a residential area of North London, part of the London Borough of Haringey. It is centred on the section of Green Lanes running between the northern boundary Martin Arlington ARLA of Finsbury Lettings Manager Park up to the * martin.arlington@ southern boundary anthonypepe.com of Duckett’s Common, not far from Turnpike Lane.
Louise Brown
James Haines
* louise.brown@ anthonypepe.com
* james.haines@ * andrew.seemungal@ anthonypepe.com anthonypepe.com
Thomas Rolles
Kiki Louca
Sales Negotiator
Lettings Negotiator
Sales Negotiator
Lettings Negotiator
* thomas.rolles@ * kiki.louca@ anthonypepe.com anthonypepe.com
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Andrew Seemungal
Sales & Lettings Negotiator
Whilst the main road feels definitely cosmopolitan, the population of the surrounding streets is somewhat more homogeneous. The streets to the west of Green Lanes are known as the ‘Harringay Ladder’ (due to their similarity to a ladder when seen on a map). The streets to the east behind Grand Parade are known as ‘Harringay Gardens’.
|Our Staff
Palmers Green
Tel 020 8882 6567 Fax 020 8882 8164 Email palmersgreen@anthonypepe.com 301 Green Lanes, London, N13 4XS
The Edwardian estates of Old Lakes, Minchenden and Monkfrith remain the zenith of housing here, and original features can be accordingly thick on the ground. The added attraction here is the presence of Broomfield Park, and this with the undulating terrain can make for some particularly fine views. East of Green Lanes the, many of the Edwardian villas have been long split into flats, although some of this process has been reversed. By the time we get to the eastern edge of N13 the air is far more Edmonton than Palmers Green, with some housing in the shadow of the great junction of the A10 and the A406. Here we find rows of interwar semis and terraces, nearly all with sizeable gardens.
Ari Theodorou
George Nicou
* ari@anthonypepe.com
* george@anthonypepe.com
Mina Gadelrab
Maria Zorlakkis
Nicholas Marsh
* mina@anthonypepe.com
* maria.zorlakkis@ anthonypepe.com
* nick.marsh@ anthonypepe.com
Joe Habacon
Maria Evagorou
Julio Eleftheriou
* joe.habacon@ anthonypepe.com
* maria@anthonypepe.com
* julio@anthonypepe.com
Director
Sales Negotiator
Lettings Negotiator
Branch Manager
MNAEA
Sales Negotiator
Property Manager
Catherine Holt Lettings Manager
* catherine@anthonypepe.com
Sales Negotiator
Commercial Director
PEPTALK | 23
Harringay Office
Palmers Green Office
t. 020 8341 9999 e. harringay@anthonypepe.com
t. 020 8882 6567 e. palmersgreen@anthonypepe.com
ESTATE AGENTS
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