What Makes a Property Unmortgageable
Selling a property can be tricky at the best of times, but when a property is deemed unmortgageable things can get complicated.
‘Unmortgageable’ means lenders won’t allow a potential buyer to borrow the money they need to buy a property. For many sellers, this can be a knockout blow and can significantly reduce their options.
Here are five common reasons why lenders won’t finance a purchase.
1) The property is uninhabitable
This applies to derelict properties, buildings that have been abandoned, that pose safety … Continue Reading…
Councils Under Pressure to Clamp Down on Lax Landlords
Landlords who struggle with all the rules and regulations associated with renting out a property – be warned.
Councils are coming under increasing pressure to throw the book at landlords who flout the law.
Even if you’ve gotten away with a ‘near enough is good enough’ approach so far, winging it isn’t a sustainable long-term strategy.
Calls for a get-tough approach
The demand for stricter enforcement is coming from two sides: tenants’ rights groups (as you might expect) and the private rental sector itself.
The … Continue Reading…
Why Your Home Could Be Bad for Your Health
For most of us, our home is a haven. But what if it is making you ill
Mould and damp
Mould and damp are caused by excess moisture in the home – perhaps due to leaking pipes, roof damage, or condensation build-up. They can cause respiratory issues, nausea and vomiting, and general illness, so it’s important to stay ahead of any fungal growths or damp patches.
Quick tips to prevent mould are:
Air your bathroom when bathing to get rid of condensation
Keep your home … Continue Reading…
Richard James Shortlisted For Best In Region Award
We are thrilled to announce we have been shortlisted for the 2021 Best Agent Central Region Award by Relocation Agent Network, a national network of selected estate agents.
The winner will be announced at a black tie evening Awards Dinner held at Hilton Birmingham Metropole on Friday 3 December 2021. The Awards Dinner, hosted by the television broadcaster, Georgie Barrat, will close Relocation Agent Network’s annual National Conference and Exhibition.
The 2021 Best Agent Central Region Award is an annual prize that … Continue Reading…
Landlords – Five Fantastic Ways to Make More Profit
Some people think the only way landlords can make more profit is to ruthlessly keep hiking up their tenants’ rent.
But that’s incorrect on two fronts. Firstly, continually increasing a tenant’s rent is no strategy to keep them long term. Secondly, the five ways we’re about to share with you can increase your bottom line without being mercenary.
Review your mortgage rates – regularly: Start by lowering your biggest regular cost – your buy-to-let mortgage. It’s possible to secure a new mortgage … Continue Reading…
Why You Should Prepare Now for a Post-Christmas Sale
There’s one day of the year when the stars align for sellers in Wellingborough, Irthlingborough & Rushden, and it’s not too far off.
If you’re planning on selling up anytime soon, you’d be mad not to capitalise on this opportunity.
Keep reading to find out more.
Behold the Boxing Day home hunters
You may think the festive season, with its public holidays, boozy lunches, and family gatherings, isn’t a great time to take a property to market – but you’d be wrong.
Internet traffic booms … Continue Reading…
How Landlords Are Finding and Keeping Dream Tenants
‘Finders keepers, losers weepers.’ It’s a timeless rhyme used every day in school playgrounds around Wellingborough, Irthlingborough, Rushden and all over the UK.
It often applies to someone finding something that’s unowned or abandoned. But it also resonates with local landlords when it comes to having the second most important piece of the rental puzzle – great tenants.
Finding these excellent tenants is one thing. Keeping them is another. And some landlords lose these precious people because of basic, unnecessary errors. It’s enough … Continue Reading…
How to Make Money from Your Clutter
Let’s face it, as a nation, we like a lot of stuff. Whether we’re panic buying loo rolls or ordering fashion bargains online, sometimes all the ‘stuff’ can take up valuable space in our homes.
With Chrimbo within touching distance, there’s no better time to declutter and make space for all those gifts. Plus, by selling things on, you’re not only making money but you’re doing your bit for the environment and sending less to landfill. Win-win!
Plus, if you are thinking … Continue Reading…
Things to Do Before Buying a Run-Down Property
Got your eye on a property that needs some major TLC? Whether a rental investment or a new home, there’s lots to consider when buying a run-down property.
Finances
First things first, is the property mortgageable? Or is it so run-down that no one will lend you money? If it’s the latter, you may have to think of other financing options such as a bridging loan (a short-term loan), cash (if you have the money available), or a joint venture (if you … Continue Reading…