Property

Real life | 23 February 2017

Unexpectedly re-available is a very good phrase. I have often seen it applied to house advertisements and thought how fabulously impertinent it sounds, so I am asking the agents to attach it to the description of my flat now that it is back on the market after a right old hoo-ha with the buyer from hell. Unexpectedly re-available is a grammatical tongue-twister, and a euphemism that manages to be both enigmatic and facetious at the same time. I also like it because it speaks to me on a personal level. I have been unexpectedly re-available countless times and I wish I had thought of saying so whenever I went on

Rory Sutherland

Thank God for overpriced lawyers!

When you buy a house in Britain, there is an extensive and well-established series of checks you must perform to ensure the property is suitable for habitation. When undertaking a survey, you should ensure that the boundaries of the property conform to those recorded at the Land Registry, and that the property does not lie on a flood plain or risk structural damage from coastal erosion or subsidence. Unfortunately, there seems to be no mechanism to protect householders from the worst possible eventuality — which is to find out that you have a lawyer living next door. Wherever you have a shared wall or fence, there exist countless opportunities to

Real life | 16 February 2017

Fine, so I got it completely wrong. It turns out the sale of my flat was not held up by a wiggle in the garden, but by a kink in the kitchen. This kink in the kitchen is far more serious than a wiggle in the garden. I should have realised that, the buyer’s solicitor has complained. I don’t know why I got the idea that exchange of contracts had been delayed by a mistake in the plan for the garden, but I’m struggling to keep up. I’ve been deluged with complaints about absolutely everything I had thought was fine. From the crisp new electrical safety certificates to the diligently

Barometer | 9 February 2017

Match of the knights Emails emerged suggesting David Beckham would rather appreciate a knighthood. How many goals do you have to score for England (or what else do you have to do in football) to gain the honour? — Alf Ramsey (knighted 1967): 3 goals for England, won World Cup as manager — Bobby Robson (2002) 4 goals, took England to World Cup semi-finals — Trevor Brooking (2004) 5 goals, was chairman of Sport England — Stanley Matthews (1965) 11 goals — Tom Finney (1998) 30 goals — Bobby Charlton (1994) 49 goals (David Beckham scored 17 goals for England. Other prominent England players who were not, or have not

Martin Vander Weyer

In this digital age, should we worry about bank branch closures? Yes we should

Almost a decade after the financial crisis loomed, our high streets and town centres are full of life again: who ever thought consumers could sustain so many cafés, bakeries and nail bars? But the revival is being undermined by yet another wave of bank branch closures, leaving small businesses adrift and personal customers at the mercy of call centres and insecure, ill-designed online platforms. More than a thousand branches have closed over the past two years, and another 400 or so are scheduled to go soon. HSBC is showing the way with a savage cull of its network. Oh well, you might say, banking really ought to be a digital

Real life | 26 January 2017

The problem holding up my house move turns out to be a wiggle. Have you ever had a wiggle? It sounds jolly enough but, believe me, you don’t want to go there. If you have a wiggle in your garden, you had better be prepared for the worst. I had no idea about this wiggle, because when I bought the flat I only had my lawyer scrutinise the Land Registry documents to a normal degree, which is to say I asked him if everything was broadly all right, and when he confirmed that it was I told him to proceed. I have lived in the flat quite happily since 2002

Dear Mary | 12 January 2017

Q. My son decided to go straight into work and has got a job. The problem is that it is in central London and none of his friends are available to share accommodation since they are all either on gap years or, if in London, in university halls. He’s been lucky enough to find a berth with a friend’s parents. He pays rent but, though they’ve given him his own small fridge, he doesn’t cook there — he doesn’t know how to and also he senses they would prefer he didn’t. Consequently he eats at Pizza Express every night using vouchers. He is a sociable boy and is used to

High life | 5 January 2017

Gstaad  New Year’s Eve was a Rhapsody in Blue, with a clarinet glissando that promised joys to come, and the Gershwin downbeat not registering until 6 a.m. The hangover was, of course, Karamazovian, but who the hell cares. I am finally solid again, and even the flu I caught on the trip over is on its last legs, lingering and as annoying as EU regulations, but no longer to be taken seriously. I had lots of close friends for dinner, but the new chalet was packed by the time I began slurring. Mind you, it’s during dreamlike moments such as those between midnight and dawn that wisdom strikes: there is

Buying a second property: what you need to know for 2017

If you’re planning on buying a second property this year, then help is at hand thanks to Spectator Money. Stamp duty costs, mortgage tax relief changes and the possible impact of Brexit are just a few things to consider when buying a second home, a holiday home or a buy-to-let in 2017. Price versus Value ‘Location, location, location’. This age-old saying still speaks volumes. When searching for a property, you’ll benefit in the long run if you do your homework at the outset. Infrastructural changes have a direct knock-on effect with property prices, as does the weather and local amenities, such as roads, schools and shops. If you can search out areas that

Workers on boards: red herring from the 1970s or useful negotiating card?

‘We’re going to have not just consumers represented on company boards, but workers as well,’ Theresa May declared in July. ‘I can categorically tell you that this is not about… the direct appointment of workers or trade union representatives on boards,’ she corrected herself in her CBI speech last month. ‘It will be a question of finding the model that works.’ But is there such a thing? The case was set out in a recent TUC paper, All Aboard, which argues that worker participation would encourage ‘a long-term approach to decision-making’ and ‘help challenge groupthink’. Support is claimed from the Bank of England’s Andy Haldane: ‘If power resides in the

Barometer | 6 October 2016

Tenement Scots John Cleese referred to the editor of this magazine as a ‘tenement Scot’. Do more Scots live in tenements? — The term tenement became associated in Scotland with 14-storey blocks built in Edinburgh in the 18th and 19th centuries. One collapsed in 1861, killing 35 residents and leading to an Improvement Act which largely did away with the old blocks. — Today, 38% of homes in Scotland are flats or maisonettes, markedly higher than the 21% in England and Wales. But only 14,900 (0.6%) are ‘buildings in multiple occupancy’, with shared facilities like the original tenements. More than a landslide Hungarians voted by 98% to 2% to reject

Martin Vander Weyer

Brexit spooks the markets, but the housing crisis will swing more votes

‘I rang and said can I have a council house, I’ve nowhere to go, an’ the bloke said no you can’t, we need them all for t’Romanians,’ was a remark offered by a fellow patient, known to me as Fat Lad, when I was hospitalised three years ago. ‘I’m telling you, I’m the biggest Ukip supporter there is…’ he went on, illuminating how — unnoticed by the comfortable classes — a shortage of social and affordable housing was helping to fuel the national mood that eventually led to the Leave vote. Belatedly, Communities Secretary Sajid Javid has had a Damascene moment: ‘Tackling the housing shortage is not about political expediency,’

Foreign investors aren’t to blame for London’s housing crisis

I hate gentrification; my area was so much cooler when there were people openly selling drugs on the high street, my neighbours’ house had a mattress outside and the nice restaurants needed bouncers so the diners weren’t constantly harassed by crack addicts. Now it’s all just nice coffee shops, other broadsheet readers and arthouse cinemas. But don’t worry, for the Mayor of London is on the case, launching an inquiry into how much London land is being bought up by overseas investors and, as the Guardian reports, ‘the scale of gentrification and rising housing costs in the capital‘. Sadiq Khan says there are ‘real concerns’ about the surge in the number of homes

Aga can’t

Earlier this year my partner paid several hundred thousand pounds for an Aga. There’s no other way of putting it. A major cause of her excitement about our new house was the presence in its kitchen of the whacking great oven. I, on the other hand, was unsure how I felt about it — Aga-nostic, if you like. Six months later I’m sick of the bloody thing. What’s more, I’ve worked out why Aga lovers go on about them so much. For those of you fortunate enough never to have encountered one of these beasts, the facts are these. An Aga has to be kept on constantly, sapping your fuel

Real life | 8 September 2016

What is happening to estate agents? Or let me put it another way. If the professional classes thought they were going to escape unscathed from ‘free movement of people’ then they were wrong. I feel it is only fair to warn the office workers and the suited and booted that their salaries are no longer safe from the Eurovision job contest. I know this because I have been trying to sell my flat for a while and a part of the problem has been that the agent put in charge of selling it was a young girl who, while sweet, lacked the ideal vocab range. I overheard her doing a

Highland sting

There is no party in Britain quite as fake as the Scottish National Party. The SNP, now entrenched in its dominance of Scottish politics, imagines itself a revolutionary force for change. Its mission to break up Britain bolsters that impression. But if the SNP campaigns with zeal, it governs with caution. These are the most conservative revolutionaries on the planet. On health, education and taxes, the SNP stresses continuity. The party saves its radicalism for issues the public considers trivial. One is Trident. Another is land reform. According to an opinion poll earlier this year, just 3 per cent of voters consider nuclear weapons one of the three most important

Is the sale of our only global-scale tech firm to Japan a vote of confidence in the UK?

It’s easy to see why Arm Holdings, the UK’s only global-scale internet technology company, looked worth a quick £24 billion bet by Softbank of Japan. At $1.32 to the pound, the price is a lot cheaper than it could have been before polls closed on 23 June, when sterling stood at $1.50; that made it easy for Softbank to offer a fat premium over last Friday’s closing Arm share price — and harder for Arm’s board to say no. As for Arm’s business, it’s unlikely to be knocked by Brexit since its microchips are priced in dollars and sold chiefly to smartphone makers in Asia and the US. And its prospects —

The bust that wasn’t

It has been a month since the UK voted to leave the European Union — but something is missing. Where is the economic collapse? What of EUpocalypse Now? Where is the Brexageddon that we were promised? To the shock of many — not least business titans who bankrolled the Remain campaign — the instant collapse doesn’t seem to be happening. The UK economy is, for now at least, taking Brexit in its stride. The oft-predicted job losses? During the three weeks from 23 June, job listings were up 150,000 compared to the same period last year according to Reed Group, a recruitment consultant. ‘That’s an 8 per cent rise,’ says

The new PM is right to want boardroom reform, but how can she make it happen?

I spent Sunday at the Sage Gateshead watching an epic performance of Götterdämmerung (I declare an interest, as a trustee of Opera North), so my head was full of it as I braced for more political backstabbing and immolation on Monday. That was very much the way it went as Andrea Leadsom fell, Theresa May rode her horse into the ring of flame that is the forthcoming Brexit negotiation, and Jeremy Corbyn, still clutching Labour’s tarnished ring, was dragged underwater by Angela Eagle, unlikeliest of Rhinemaidens. Enough of the Wagner mash-up: what really caught my ear during the brief moment between Mrs May’s campaign launch and coronation was her attack

Is Lewisham really so ’orrible?

When we said we were thinking of moving to Lewisham four years ago, the locals in our pub in Bethnal Green thought we were mad. ‘It’s fuckin’ ’orrible,’ one of them said. Coming from people who’d lived all their lives in the East End, this was worrying. Nevertheless, swayed by a cheap ex-council flat, we moved to a hill that runs between Blackheath and Lewisham station. A good way to imagine Lewisham town centre is as the village in Asterix, surrounded on all sides by the forces of gentrification. Hither Green, Ladywell, Forest Hill and Brockley have delicatessens and artisan bakeries. Deptford has hipsters whereas Blackheath is proper posh, the