In episode 2 in our series on successful succession planning our Senior Client Director, Nicholas Toubkin interviews two heavy weights in the world of property, mortgage lending and the high net worth client market.
Lucian Cook is one of the UK’s leading and most quoted commentators on the UK housing market. At Savills he leads a team of 36 highly respected researchers. Collectively they cover everything from social housing to the prime markets of central London and development land to residential investment. He edits The Residential Property Focus and has written extensively on the prime housing markets, proposals for the reform of the taxation of high value property, the demand for private rented housing and opportunities for institutional investment in the residential sector.
Mark Ashbridge founded Ashbridge Partners in 2012, following an extensive and successful career in finance, banking and business consultancy. Coming from a farming background, he went on to study Agriculture and Land Management at the Royal Agricultural University, Cirencester, graduating in 1996. Later he moved to London to work for Clydesdale Bank and then Savills Private Finance (SPF), specialising in lending and finance advisory work for HNW and landed clients.
Hear first-hand as Savills share their specialist knowledge and research on what is happening in the housing market in London and the country right now; the fascinating statistic about the levels of activity and how buyers can benefit from the surprising lack of price increase at this most unusual time.
“In the short term, lifestyle drivers are creating activity but not a price increase…..”
Mark Ashbridge discussed the key differentiators between the market shocks of 2008 and 2020: how banks are now so much more prepared for such events and are in a strong position to support purchases:.
“Banks ARE keen to lend”
He notes how buyers and sellers are acting on once in a lifetime purchase opportunities, making really significant decisions and in some cases turning their entire lives around and moving from the centre of London to the country and becoming farmers.
This “rural renaissance”, as Lucian calls it, is real and the findings are fascinating.
In terms of how property plays such a major role in any succession plan, Mark Ashbridge explains how “longevity is an issue for families” – and how this issue is being overcome by savvy clients, open to new planning opportunities.
Click below to listen to the recording.
Interviewed by Senior Client Director, Nick Toubkin
Introduced by Gillian Wilson, Marketing & Communications Director