Richard Butler Creagh

UK property has long been a sought after investment regardless where you live. London property was the most expensive. London was beating out places like Hong Kong and Tokyo. The rest of the UK also saw investment, but no area saw the gains than those seen in the UK’s capital city. Brexit may have changed this for now but what is the effect for property moving forward in this post-Brexit world?

Commercial property demands are changing
More businesses are heading online. Start-ups want to work with each other in co-working spaces as opposed to office blocks. Certain office configurations such as clusters of technology and developer landscapes benefit from significant tax relief for both owner and tenant. Property performance is very closely correlated with economic growth and as the UK economy goes so will property valuations. We therefore have to surmise that the outlook for UK property is one in which value can be found by investors looking for income and less concerned about short term capital growth. In an environment within which we are seeing low growth as well low interest and gilt rates the income stream from property will remain attractive.


The Positive Side

On the bright side, occupiers and developers seem to have digested the initial shock: the phones are ringing and market values are holding up as many people don’t see alternative investments to put proceeds into. For example, the bulk private renting and build-to-rent markets are hot and pregnant with opportunity. Funders are keen and active as yields are about 5% net. In addition, Local Authorities are looking to waive the affordable housing requirements which will support efforts to reduce housing shortages. The long term demographics of local areas and, in particular, retirement living schemes are irresistible to investors.

Yes, there have been plenty of reports of an imminent financial crash, followed by a deepening recession. The pound has gone into a tailspin and there’s no doubt things are very uncertain right now. On the other hand, there are two sides to every coin and it’s impossible to predict the future at the best of times, let alone make sense of things part-way through a crisis.

The referendum result was a shock. But more and more people in the know are starting to get excited about the long term prospects for Britain’s housing market and its investors. The Leave campaign may have won the day but in the medium to longer term, the prospects for UK residential property remain strong.

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Posted: 27/07/2017 17:59:20 by Simon Leigh | with 2 comments


Its difficult enough trying to get your kids to understand that someone ACTUALLY has to pay for the credit card and that there is no magic money tree. But more frightening the is fact that they are a couple of years away from the possibility of owning one and it is left down to the parents to explain what compound interest is – and that if they don’t understand it, there could be dire and far-reaching consequences.
 
Young adults today have the advantage of growing up with the technology so it is second nature to them, but they are deluded into thinking that they are ‘tech-savvy’ when it comes to understanding financial markets and institutions. Things like the value of the pound and inflation are what ‘old people’ talk about and definitely not their territory.
 
So I now have the task of trying to catch my two in a receptive mood and spend it on giving entertaining examples of how understanding compound interest really might benefit them – which could go either way.  It could end up being one of the those wonderful moments we remind ourselves of in the future – “Oh, do you the remember the time, Dad, I realized that you really loved me when you took the time out of your busy schedule to explain compound interest to me?”  It could go like that or… oh well. Never mind.
 
Imagine how relieved I was when on Monday the Bank of England announced that in November they will be conducting a ‘Future Forum’ and thinking of how to communicate better with this age-group.  They are making big effort to make economics relevant to them.  After all, these teens are the borrowers of the future. 
 
At Henley Finance, we take a lot of care making sure that our clients understand the commitment that they take on.  We find people can be successful in one area of business but when it comes to borrowing, we need to explain some of the finer points.   Luckily, when it comes to detail our borrowers are more receptive than my teenagers.  So good luck to the Bank of England on that one.

Keep up to date with Henley Finance and Richard Butler-Creagh news here, Follow Richard Butler-Creagh on Twitter,Visit Richard Butler-Creagh Crunchbase page here and Connect with Richard Butler-Creagh through Linkedin here

 
Posted: 24/07/2017 20:41:12 by Simon Leigh | with 1 comments


Welcome to the Richard Butler Creagh blog. Richard is founder of Henley Finance, which is a bridging loan company based in Henley. Working alongside professional property developers and investors, we have years of experience analysing the UK property market. Here is a synopsis of what Brexit and the housing crisis may mean for UK property in the future from Richard Butler Creagh.

If all the three million European Union migrants went back to Europe and the one million Brits came back here, that could mean an immediate solution to the housing crisis!  Although this isn't likely, less immigration is bound to reduce the pressure on the housing shortfall.  It sounds good at first, but this along with other indicators like a weaker pound deterring foreign investors could mean the housing market slowing to an unhealthy rate, which we certainly don't want.
 
This post-Election, post-Brexit world where "uncertainty" rules the day is the government's opportunity to prioritise the property industry and do something positive and noticeable.  Since the EU referendum, decisions were put on hold relating to speeding up planning and housebuilding, namely the Neighbourhood Planning and Infrastructure Bill.  This is close to our clients' hearts, here at Henley Finance.  Many of them come to us for a loan while planning applications are going through.  Every month they have to wait, makes the project a little less viable.  Delayed planning decisions are often the downfall of promising ventures.  These people are the bread and butter of the property industry, making homes liveable in areas where people want to live, and these guys as well as the big developers could really use the assistance right now.
 
It could be said to be understandable the Property Industry has been put on the backburner after the snap election and terror incidents around the country but assisting with these relatively simple solutions, in the most part, well underway and near to completion.  In doing so, the government would show strong leadership and underpin not only the future of the industry but the wider economy too.  This will keep general confidence and strong market as we go forwards to the Brexit future.

To find out more about how bridging loans can help you, visit the Henley Finance website today. You can also keep up to date with the latest finance news on the Richard Butler Creagh Twitter page, and connect with Richard Butler Creagh on Linkedin to join his professional network now.
Posted: 30/06/2017 11:57:16 by Richard Butler-Creagh | with 2 comments


Despite Nationwide releasing its quarterly figures this month showing that for the third consecutive month they had declined for the first time since the financial crisis, houseprices are still on the increase.  Something that we are very aware of at Henley Finance. Here are some tips from bridging finance expert Richard Butler Creagh. 
 
According to Nationwide’s not ‘seasonally adjusted figures, if houseprices continue at this rate for the next year, property prices will still rise by 2.1%. This is still healthy growth.  Other trends in the economy point towards the strong trend continuing in the housing sector.
 
The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.8% in May as reported by the Office for National Statistics (ONS): the highest since comparable records began in 1971.  This might have been reported as the job market being “Uber-ised” ‘The Guardian, 17th May 2017) but the ONS still reports that in real terms, wages on average are the same compared to last year.
 
At Henley Finance we are in a perfect position to observe the effects of short supply of housing.  There is still fierce competition for prime residential sites.  Purchasers use us to fall back on in order to clinch the deal.  They know that they have to move quickly in this market place as there are many prospective purchasers around who will get the property if they don’t.  Property hotspots are still evident in London, the South East and fast emerging cities like Bristol.
 For more information or bridging finance advice, contact Richard Butler Creagh here. Connect with Richard Butler Creagh on Linkedin now. 
 
Posted: 04/06/2017 23:28:34 by Richard Butler-Creagh | with 0 comments


Founder of Henley Finance, Richard Butler Creagh has released a new video about the company and their products. If you are interested in Bridging Finance, property development or investments then watch this video. To find out more about the kinds of investments they offer, visit the Henley Finance website.

Here is the new video:

Keep visiting this blog to keep up to date on the latest news from Richard. You can read his bio by visiting the Richard Butler Creagh profile page on the Henley Finance website. If you need advice or guidance on obtaining your loan to make that all important purchase then contact the experts today.

Posted: 15/04/2017 15:11:07 by Global Administrator | with 0 comments