Arrange a Call

So much for the pandemic exodus: Home sellers’ confidence grows while WFH drives suburb popularity – 9th June 2021

London has brushed off fears its population plan to leave en-masse, however home working has influenced where workers would like to live in the capital.

Much has been made of the ‘London exodus’; the idea being that professionals who are no longer obligated to sit at a desk for five days per week would rather swap a small London flat for a large house with office and garden space outside of the city, possibly all for a smaller price.

But fears that London has become an unattractive place to live appear to be overblown, according to experts.

Ashley Thomas, director of Magni Finance, a London mortgage broker added: “As a high net worth mortgage broker, we have started to see a lot more interest from wealthy buyers predominantly based abroad.

“They are keen to start viewing as soon as restrictions are lifted. Some have even suggested they will buy without a physical viewing if they get a great opportunity. 

“London is still regarded as one of the most attractive places in the world to acquire property and so I cannot see prices falling. There’s simply too much demand and, as ever, too few properties.”

Click here to read the full story.

other insights you may like

Magni Finance, featured in The Telegraph
How to get a £1 million home – with no income – 25th August 2023
What you earn can have a big impact on the kind of property you can afford to buy. 

*/?> */?>
Magni Finance, featured in The Times
Is now the time to get a tracker mortgage? – 6th Aug 2023
A tracker mortgage could be the best option for the brave — but only if you think interest

*/?> */?>
Magni Finance, featured in Financial Times
Wealthy UK borrowers face interest-only mortgage payment shock – July 14th 2023
Wealthy borrowers in the UK with large interest-only mortgages face a punishing jump in payments — leaving them

*/?> */?>

CONTACT US NOW

  • This field is for validation purposes and should be left unchanged.