Selling banner

How much is your property worth?

Free online valuation

Selling your property with Benham and Reeves

A successful 60 year history of working with property developers, owner-occupiers and property investors keeps our finger firmly on the pulse of the London property sales market - we know what’s currently selling and why. This expertise will be a key asset when you decide to sell your property.

Accurate valuation

Accurate valuation

An accurate valuation is your first step to a successful property sale. We’ll let you know if you can make improvements so as to get the best price

Rigorous marketing

Rigorous marketing

We market your property using the most up-to-date Google products, portals and social media. Online and offline, we keep your property in the public eye.

A-Z expert advice

A-Z expert advice

Navigate the legalities of your sale with ease by using our knowledge and experience. From initial offer to completion, we offer expert help and advice throughout.

Satisfaction guaranteed

Satisfaction guaranteed

Complete your sale with total peace of mind. After the requisite transfer of funds, we will promptly hand the keys over to the new owners.

banner

Speak to one of our experts

Our well-trained sales negotiators are on-hand across London to help you

Generation Buy. the creation of two million first-time homeowners

The UK Prime Minister, Boris Johnson, has pledged to create two million more homeowners with the introduction of a new 5% deposit mortgage scheme for first-time buyers, aimed at helping younger people in particular get onto the property ladder. At the annual Conservative conference, held virtually this year because of Coronavirus restrictions, the Prime Minister stated that he wanted to ‘fix our broken housing market’ by building more homes and by making mortgages more affordable. The proposal would involve offering long-term fixed rate mortgage deals to first-time buyers who have a 5% deposit. Mr Johnson claimed that this would create two million more owner-occupiers and be ‘the biggest expansion of homeownership since the 1980s’. He also said that it would turn ‘Generation Rent into Generation Buy’. While of course I welcome the Prime Minister’s plan to encourage home ownership by creating two million more homeowners, my feeling is that this is a lovely bit of rhetoric from Boris aimed at fuelling market sentiment, but it does come with a clear and obvious problem. Where are they going to live? Yes, the affordability of homeownership is a problem at present and providing buyers with a foot up via a smaller deposit will help many to overcome this hurdle. In the more inflated markets such as London, it reduces the deposit required by some £25,000 and so the initial saving is notable. However, we’re simply not building enough homes and the government’s head in the sand approach to this burning issue is going to bring about problems when those securing these new mortgages actually look for a home. Unless we address this, we will see house prices continue to climb ever higher as a result of this new initiative, to the detriment of those it’s ironically supposed to help.The new scheme is likely to come into force in 2023, when the Help to Buy scheme ends. The Prime Minister’s announcement comes on top of Stamp Duty savings which property buyers are currently taking advantage of, following the government’s current Stamp Duty reductions which apply to property purchases in England and Northern Ireland until March 31st 2021. This Stamp Duty tax cut is a temporary measure, aimed at boosting the UK’s post lockdown property market, and ends on March 31st 2021. Stamp Duty is payable on completion of a purchase, so if buyers have exchanged contracts but not yet completed, they should do so before March 31st 2021 to take advantage of the tax savings. If you are a buyer, looking for a new property or a second hand property in a new build, please contact our sales team, we have lots of opportunities we can introduce you to.

Read the article

Want to know more?

Read our FAQs