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Love Exla



The inner boroughs of London enjoy a diverse multitude of property styles.  

The busiest periods of house building in the 20th century took place in the 1930s and 1960s and in Lewisham, Southwark and Tower Hamlets we are lucky that many of these solid, good quality buildings still exist.  Historically frowned upon by the house buying public, many of these properties are now in high demand and, since the introduction of Right to Buy, the resale market sees first time buyers and buy to let investors flock to these properties for a variety of reasons.

Recent figures suggest that 22% of London resale transactions are now Ex Local Authority.
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Why we love EXLA

Often overlooked by other Estate Agents, at Oliver Jaques we LOVE EXLA.  We appreciate the unique appeal of these properties and understand the types of buyers who buy them.  More importantly we have years of experience dealing with the complexities of selling them through selecting the right mortgage products to dealing with Section 20 Major Works bills and Local Authority Pre-Assignment Packs.
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Reasons our buyers love EXLA

• Often located in prime positions near tube stations, bus routes and amenities.
• They were built as homes and not for profit, meaning they often offer larger room sizes, solid buildings and plenty of storage options.
• More “rooms per pound” means buy-to-let investors can get better yields.
• The size and layout often means more bedrooms can easily be created increasing value and rental return
• Local Authorities charge peppercorn ground rents (eliminating costly lease extensions) and service charges tend to be more reasonable.
• Since 2014, the prices of ex-local authority properties in certain parts of London have actually risen faster than those in private homes and new-build developments.
• As right-to-buy continues, more and more flats in council blocks are becoming privately owned, making mortgages easier to obtain, increasing the capital appreciation of your investment as time goes on.
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Why you'll love Oliver Jaques "LOVE EXLA" service

• Specialists in ex-local authority properties.
• Specific expertise in London ex-local authority leases, clauses, section 20’s.
• Avoid costly fall-throughs, years of experience with leader criteria and lease issues.
• Extensive database of buyers and investors specifically looking for ex-local authority properties
• No sale, no fee model. Fixed fee that you only pay upon completion.
• High quality photography and advertising equal to that of private developments.
• All offers qualified by an experienced, independent mortgage advisor with experience in ex-locals.

Previous Ex-Local Authority properties we have sold...

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