Discover the Charm of the Isle of Wight
Reasons to Make the Move and what to consider
Nestled off the south coast of England, the Isle of Wight boasts stunning natural beauty, rich history, and a relaxed island lifestyle that attracts visitors and residents alike. If you’re considering a move to the Isle of Wight, you’re in for a treat. In this blog, we’ll explore the reasons why you might want to make the move and offer insights into things to consider when relocating to this idyllic island.
Key points on Why moving to the Isle of Wight could be for you?
1. Natural Beauty:
From picturesque coastal cliffs and sandy beaches to rolling countryside and forests, the Isle of Wight offers an abundance of natural beauty to explore. Whether you enjoy hiking, surfing, cycling, or simply soaking in the stunning scenery, there’s no shortage of outdoor adventures to be had on the island.
Dubai Property Market
Why invest in Dubai?
6 Most Common Mindset Traps
The 6 most common mindset traps
If you want to have a solid growth mindset, you need to avoid some of the most common mindset traps. Here I go through what I feel are the 6 most common, you decide how you fit within this:
8 Tips to Recharge & Energise
Being a business leader can be incredibly lonely at times, with late nights, early starts and missing those important people in your life.
I’ve put together 8 tips that I use to ensure i recharge and energise myself on a regular basis. I firmly believe that to have any form of success, whether that be in business or personal you need to understand that your body, is your engine, and you need to fuel it correctly to get the best outcome long term!
Here are 8 tips on ways to recharge & energise:
1. Self-Care
Your body is the vessel that you need to achieve anything. Exercise is fundamentally under-appreciated in achieving the optimal outcome for yourself, create a easy to follow exercise plan, even if it’s just a 20 minute power walk outside each day, the benefits will be amazing. Also a healthy diet, FAD diet’s only create short-term success, you need to make your diet a lifestyle, food you enjoy that is clean and consistent…don’t go doing those short diet plans to lose weight quickly. Finally, the mind, take time to look after the mind, I personally do this by reading daily in a quiet zone on my own and writing a journal, it works perfectly for me. Don’t ignore this and think you can power through, it catches up to you! Others swear by meditation, maybe try that.
2. Control Only what you can control
Let go of things that are out of your control. People often get affected by what others think and do, or things they physically cannot control. Mentally we are driven by both emotional and factual elements, focus on what you can actually control. Another big step is to learn to say no, again we are often distracted from our own goals and targets by others. If you can focus on what only is in your control it will increase your ability for success.
3. Self-Regulation
Understanding your triggers are super important to create focus. Learn what triggers you and create ways to avoid these instances or manage them to avoid distraction. A good example from my personal life is me going to the gym, I am not one that enjoys going, I go because it makes me feel better when I do. I know that if I do not pack my gym bag the night before and put it in front of my front door…so I physically have to move the bag to get out I am most likely to not go to the gym. Why? because if I go home first, after working I will either get distracted with other things or simply can’t be bothered. I understand what my triggers are in this situation, therefore created a habit that enables me to attend all the time.
4. Broaden the Perspective
You want to surround yourself with a solid group of like-minded individuals, ones that will give you an honest & direct perspective of what’s going on with your thoughts. They say you want to be the dumbest in the room to help growth and I can’t agree more, you should always want to be learning and understanding different ways of doing things.
5. Learn from the Past
I’ve lost count the amount of times people repeat the same mistake over and over. Use your past experiences to develop and learn from. Increase what future capacity you have and stop repeating those same mistakes.
6. Ask for Help
Get comfortable asking for help from your peers. The most successful people in the world are fully aware of their strengths & weaknesses, and are happy asking mentors or peers for help where it’s needed. Having a victim mindset won’t help you move forward, asking for help is not a weakness…why waste time on things where simply asking for help could speed up your process.
7. Believe in Yourself
Be confident in your ability to cope with any situation coming at you. Everyone, even the most successful individuals has days where they are questioning their ability, however they have the mindset to move forward and remind themselves why they can achieve that outcome. We all experience impostor syndrome at times, but to separate yourself from the rest you need to stay confident in your ability to control these emotions.
8. Invest in Relationships
Make time for important relationships in your life. I don’t mean just business relationships here, i’m talking family & friends. You need to have a strong base of personal relationships around you for when the going gets tough! These individuals will help re-energise at high and low periods.
Remember, 80% of what you achieve in life, whether business or personal is all about the attitude you have, and how you attack things in life!
My Kilimanjaro Journey
I am currently doing 13 challenges in 10 months, and it all started with my booking Kilimanjaro! It then escalated with me booking others to do within 10 months such as;
– Mt Etna
– Everest base camp
Renters Reform… What is it? Will it happen…
The Renters’ Reform Bill is effectively a shake-up of the private rented sector, the biggest in over three decades. There are reforms throughout the sector outlined by the current government, which main aim is to re-set the landlord/tenant relationship.
However, this was initially meant to commence from May 2023, based on the publication of its policy paper in June 2022, the proposals are still not passed into law. So what does this all mean to both tenants and landlords throughout the country?
Summary
Measures published in the initial white paper:
Ending rent hikes and giving tenants a channel for rent recuperation if the standard of a home is deemed “non-decent”
Outlawing blanket bands on renting to families on benefits or those with children
Tenants to have the right to request a pet in their home, which the landlord cannot unreasonably refuse
Tenancies moving to a periodic tenancy system, which would spell the end for assured shorthold tenancies
Doubling rent increase notice periods from one month to two months and enabling tenants to challenge “unjustifiable” increases
Introduce a Private Renters’ Ombudsman for settling disputes between landlords and tenants without going to court
New property portal for landlords to understand and comply with new responsibilities under the reforms
What is the Renters’ reform bill is?
Two down…Eight to go
Two down…Eight to go
Ten Challenges in Nine Months in Memory of Zoe Panayi
Sunday 4th June saw me take on my second challenge of the 10, in memory of my sister Zoe Panayi.
My sister Zoe Panayi lost her battle with cancer on 29th May 2020 at the young age of 26. Zoe was let down substantially by both GP’s and beauticians, and we want to change the law! (please read the links below to find out more).
This is my latest update following on from my second challenge so far 🙂
120km Bike Ride around the Isle of Wight
For me this may be the toughest I will take on…to set the picture it was 120KM
road cycle, circumnavigating the Isle of Wight (plus 14 miles more), which has far too many hills.
Property Market Update
Summary
• Property prices in UK fall 1.3% over the last 6 months
• Activity level is recovering stopping the speed of decrease
• Stronger growth in new sales brings more sellers into the market
• Biggest activity in London, Scotland and north east
• Weaker demand but sales hold up in Midlands and southern England
• Mortgage regulations have tempered the impact of higher mortgage rates on house prices.
• 11% proportion of homes on market were previously rentals
• 1.9% UK house price increase YOY
Drop in price over the last six months
Zoopla price index indicates a drop of 1.3% in the last six months, mainly due to the increased mortgage rates. However demand has recovered recently stalling the decline.
The annual rate of price inflation is 1.9%, down from 9.6% a year ago.
I would expect prices to remain relatively similar for the rest of the year, with mortgage rates stabilising and demand showing promise. However with the higher-than expected inflation rise, it is likely interest rates may rise, if they do this will of course have a knock on effect to mortgages, then onto property prices.
More sellers
Although demand is weaker, we are seeing nationally an increased in sellers due to confidence in the market. Over the last few weeks we have seen it 11% higher than the average for this period over the past 5 years. As many buyers are also selling, more sales boost the flow of new homes for sale which is 16% up on the 5-year average
Around 18% of homes on the market with Zoopla have had the pricing drop by 5%, or higher, compared to 28% in February. Typically sellers amend pricing 8 weeks after the initial listing, in my opinion this tends to be through bad advice from the agents valuing. Alternatively you could say sellers being more realistic in line with buyer demand.
Landlords parting ways
As some landlords are looking to balance their portfolios, with the increased in mortgage rates we have seen an influx of properties marketed that were previously rented, around 11% of the available proportion.
This does of course put increased pressure on the rental crisis in many parts of the UK, with not enough homes to rent.
Regional market conditions differ
Buyer demand continues to perform best in the north east of England, along with increased performance in London. Demand is above the national average in these regions and sales are more than 10% higher.
Where you will see in the South and Midlands, where we saw some of the highest price increases over the last 3 years, have seen a decline. This is mainly due to affordability reasons with the previously stated high values. This doesn’t mean there is no active buyers, as there is still above average sales being agreed, just at a slower rate.
Things are still selling
Although demand is weaker year-on-year and supply rising, there is no sign of a back-log of unsold properties building up. The number of homes listed for more than 90 days in most areas is in line with the 5- year average. This would suggest as long as sellers are realistic with pricing there is no need for a large price drop between now and the end of year.
Will we see a big price drop?
With the increased mortgage rates, historically would have meant house prices falling. However due to mortgage regulations in the way people are lent money, this has protected the housing market, meaning we are seeing less impact than we may have historically.
Anyone using a mortgage since 2015 has had to demonstrate they can afford 6.5-7% mortgage rates, even though people were only paying 1 or 2%. Therefore in theory the market was already running at higher rates before it happened, meaning less impact on those borrowing.
I would suggest this is one of the biggest reasons we have not seen as big an impact as predicted by main stream media, along with prolonged desire for house movers still wanting to find their new home since COVID-19 lock-downs.
Will mortgage rates increase?
Mortgage rates have moved back towards 4%. However the latest inflation numbers have increased the likelihood that we will see further increased rates by the Bank of England, which will likely mean an increase in mortgage rates.
With the increased housing activity over the last two months, it has proven that the 4% region of rates are generally affordable for new homebuyers. This is despite them being more than double 2021 rates, however as previously mentioned, this is due to mortgage standards already stress testing at the 6.5%-7% rate since 2015.
The more mortgage rates move above 5%, the greater the impact on buying power and the more house prices will come under downward pressure. Banks increasing their affordability tests further than the current levels for new borrowers will compound this pressure.
Property Market Update – May 2023
11 March 2023•5 min read Highlights • Annual house price inflation at 5.3% down from 8.6% last year • Buyer demand and sales volumes are 20-50% lower than a year ago but slightly ahead of the pre-pandemic years. At +8% in February • Sellers having to accept an average 4.5% discount to the asking price […]
Skipton’s 100% Mortgage
Everything You Need To Know About Skipton’s 100% Mortgage. Discover How First-Time Renters Can Buy A Home Without A Deposit, Plus Tips On Overpayments.