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The slow-down in the property market may not be good news for sellers, but it does seem to have given the lettings sectors a new energy.

“This is a great time to rent a property,� says Katy Butcher, lettings Negotiator for Kings Group in Walthamstow. “There is a huge amount of choice available at the moment as many people are choosing to rent until the sales market stabilises.�

With seven offices across the capital, Kings Group is one of the most successful lettings agencies in London.

The Walthamstow office is ideally placed to serve landlords and tenants in this thriving area of East London. Each of the four dedicated lettings advisors has excellent local knowledge and is committed to providing the highest standards of service for both landlords and tenants.

Each member of the team has excellent local knowledge, enabling them to help clients find that perfect property, whatever their requirements and budget.

For landlords, Kings Group offers a professional service that is second to none. Katy Butcher says that they are taking on many new landlords, giving tenants even more choice in a fast moving market. “With the problems in the sales market, many sellers are choosing to let their property while they wait for the market to recover,� she explains. “And, of course, their property is generating rental income while they wait.�

Kings offers three levels of service for landlords. The ‘let only’ service is the most basic level with Kings advertising the property, and then finding and vetting the tenants. For extra peace of mind, the ‘let and rent’ package gives landlords a bit more peace of mind, while the full management package is the complete hassle-free option where Kings will take care of all aspects of letting and managing the property on the landlord’s behalf.

For 17 years, Kings has been at the forefront of the property market and now, as the market enters its most challenging phase for many years, its dedicated and professional team will help you stay ahead of the game, whether you have a property to let or are looking for a place to call home.

Kings Group

248 Hoe Street

Walthamstow

E17 3AX

0208 8521 1122

Waltham Forest Guardian – 6 November 2009

The Kings Group has recently undergone negotiations with many of their vendors to reduce asking prices, in an attempt to create more interest from applicants and to stimulate the subdued housing market.

 Part of this initiative is to put new boards on properties with the vendor’s consent, showing that the price has recently been reduced. This has met with a degree of success, and many vendors are now seeing the benefits of not only reducing the asking price to a more realistic figure, but to actually advertise the fact that they have done so.

Karl Knipe, Senior Partner at Kings Group, Commented on the move, “It struck me that vendors are often aware that the price may be a little high, but it is often difficult to get them to move, bearing in mind that many of them have never seen a market, where house prices are moving downwards.

The vendor’s perception of many agents is that we always want to get them to reduce prices, but many agents don’t justify or rationalise this. By being pro active, our objective was to sell the idea of a well publicised price reduction in an attempt to increase viewings on their house. After all, once explained that they too would benefit from this objective by hopefully getting a reduction on their onward purchase, it makes sense to them.�

Several of the new boards have now been erected, and there has been a definite increase in viewings as a direct result of this.

Karl’s final words were, “A market with prices holding up is one thing, but if there is no activity, no one in the industry can make a decent living!

"This marker is all about making things happen, and not about sitting and waiting for it to turn. We have to try new initiatives and ideas to show our clients that we are working in their best interest in this difficult period."

Article from November edition of Estate Agency

Over recent months we have all heard the words "Credit Crunch", it has now even made the Oxford Dictionary, and you even hear children as young as eleven and twelve talking about it. They dont understand it, as do many adults, but the fact that we hear about it every day and in all areas, means that it has a degree of bearing on all our lives. The collpase of Lehman Brothers this week has sent shockwaves around the world, and seen stockmarkets react violently to it, but in actual fact, it is not entirely a surprise, as they have been in trouble for some months, because of their exposure to bad loans over in the USA.

The reality of the so called "credit crunch" is that it is much harder to get credit from all sources, including personal loans, car loans, and of course, mortgages, as lenders are cautious about not only lending to the population, but also to each other. However, in recent weeks we have seen many lenders reduce rates, and bring out very attractive deals, particularly for remortgage business, which there is still a massive demand for. There is a need for specialist advice however, as the sourcing of these deals is much more difficult, and finding the right lender for many people is not easy, unless you have the knowledge that Financial Advice has been built upon.

We have heard many of the scaremongers and so called "financial journalists" talk about pension funds collapsing, and Buy to Let being a bad move. The fact is that if you invest in a pension fund overnight, you will lose money, as pensions and investments are long term vehicles, and no one should expect rapid returns. The fact is that many people in the UK are sat on Pension Funds that are not working for them as they best they could. Anyone with many years in a pension fund should look at their funds, and consider switching them to other schemes. Again, the need for specialist advice is paramount! Buy to Let is another area where the UK has seen a massive growth in demand for rental properties, and have seen rents increase over the past 12 months. It is not a fast way to make money. Advice and knowledge of the sector is crucial.

At Kings, we have experts in all areas of Financial Services, including Mortgages, Pensions and Investments, Buy to Let, and Protection. We have experienced Property and Lettings Staff, and can even arrange Conveyancing for you !We work with all the major UK Lenders, and as a Partner of Openwork, have access to many of the best UK Pension and Investment Providers.

Why not call us on 01707 872000, and get some free, impartial advice, from one of our experts! After all, what else can you get free in the current climate?

If you answer yes to one of the following questions, you should call us:-

Do I have a Pension?

Do I not have a Pension?

Am I moving home?

Do I have a mortgage, and I am staying where I am?

Do I have a Buy to Let property?

Am I looking for a tenant?

Do I have money to invest?

Make the call today, and we will even call you back, or e mail us at chris.bramham@kings-group.net

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