Whether you instruct a conveyancer or a solicitor, they essentially do the same thing when it comes to dealing with a property transaction. The terms are often used interchangeably by people who aren’t working in the industry. This is the person who does the paperwork for you when you are buying or selling a property.
Cheap is rarely cheerful
You know the old adage: you can have fast, cheap, and good; but you can only have two at any one time. This … Continue Reading…
Over the past year, parks have been a source of joy and solace for people across the UK, providing a welcome antidote to the pressures of pandemic life.
Locally, parks such as Irchester Country Park and Stanwick Lakes have been popular and helped keep us on an even keel during uncertain times.
Later this month, we’ll all have the chance to celebrate and support our favourite green spaces during Love Parks Week (23 July to 1 August).
The Keep Britain Tidy initiative encourages people … Continue Reading…
If you are getting ready to complete on a new house, then you’ve no doubt read lots of advice about how to pack for your big move. But what nobody ever seems to tell you is how to unpack once you have arrived at your new home. For some, living with unpacked boxes for months becomes a reality. For others, it may take time to feel settled even though you have put everything where you think it belongs. Is there a way to get all your stuff out of the boxes … Continue Reading…
For most people, a mortgage is the biggest loan they’ll take out in their lifetime so, understandably, they want to land the best deal.
But with hundreds of mortgage products on the market, it’s easy for homebuyers to feel overwhelmed or confused.
There’s a lot to consider, including:
• Interest rates (they’re currently low – but won’t be forever).
• The term (most mortgages last 25 years, but some can stretch to 40 years).
• Whether to go fixed (where the interest rate is set … Continue Reading…
New landlords often flirt with the idea of ditching traditional tenant selection processes and taking a DIY approach instead.
After all, there are so many ways to source tenants these days – like Gumtree or social media – why bother with anything else?
Trust us, side-stepping a formal selection process may seem like it might save you time, but it can be so much costlier in the long run.
Wind up with a bad tenant and you can expect:
Sky-high legal bills.
Property … Continue Reading…
The Help to Buy scheme is a government-backed equity loan opportunity. It is also referred to as ‘shared equity’.
The scheme is currently only available on new build properties. The loan from the government is up to 20% of the purchase price (40% in Greater London). This means that you only need to raise a 5% deposit and get a 75% mortgage (55% in Greater London).
Let’s consider the benefits and downsides of using this option.
Although this can be called a ‘shared … Continue Reading…
When you’re a busy landlord juggling a multitude of responsibilities, it’s easy to let a crucial part of managing a property – regular inspections – slide.
Landlords usually carry out inspections with clockwork regularity at the start of a tenancy, but things can get a little lax over time.
Perhaps the tenant presents as a model citizen, and the landlord develops a false sense of security. (To which we say, remember Walter White, the unassuming science teacher turned crystal meth baron in … Continue Reading…
When it comes to selling a property, many people overlook the important role viewings play in the process.
They mistakenly believe that viewings are simply about opening doors and making sure would-be buyers don’t nick any valuables.
In fact, buyers share crucial information during viewings that can be helpful during negotiations and push up the final selling price.
Cutting corners on viewings – as many low-fee and online-only agents do by insisting the seller handles them – only chips away at the end … Continue Reading…
HomeOwners Alliance survey showed that 68% of potential buyers felt a property’s kerb appeal influenced their decision. Use these quick and easy tips to help your potential buyers fall in love at first sight.
Pathways and driveways
If you access your main entrance via a pathway or over a driveway, make sure you give it some TLC.
Pressure wash to remove discolouration or slippery bits
Top tip: Add solar lights along the route for added elegance.
The front of your property is … Continue Reading…
If you rent out a property and receive a rental income from that, you must declare it. You have to pay tax on any profit. It doesn’t change your employment status to ‘self-employed’ though, as it’s considered an investment.
Of course, HMRC can be more complicated than a day at Hogwarts. The best advice will be to seek professional advice from an accountant but we’ve picked out some key points to start you off.
HMRC unimaginatively call this ‘record keeping’. Be … Continue Reading…