From July this year the government put into effect some changes to help combat the increasing charges for leasehold homes, these changes take effect on renewal or any new purchases. The government is banning expensive ground rents on leasehold properties for new buyers in England and Wales From 30 June, landlords will no longer be […]
Ground rent to be removed from lease renewals and purchases. Read More »
Over the next 6-24 months we are expecting some changes to the rental market to help combat rouge landlords. Some of these changes include; restriction on multiple rent increases each year to just once, ensuring that landlords do not leave homes in a poor state of repair, giving tenants more flexibility on pets. In summary:
Rental Reform: Tenants will be granted more control Read More »
What is help to build? Help to Build is a new government equity loan that will be available to people in England who want to custom build or self build their own home. Who is help to build for? Custom build and self build homes are not just for people who have owned or built
Help to Build; the Government can assist with your dream home. Read More »
Looking to make some changes to your home? There’s some improvements you do not need to apply to the council for permission. Key takeaways Extensions can be done using permitted development rights, but most will still require building regulations approval As garage conversions are all about making use of the space you already have,
How to improve your home, without planning permission Read More »
This is not a simple question to answer, however what we can anticipate based on historical events and the latest government regulations that are being put in place, that buyers will likely have lower mortgage offers from lenders and therefore smaller budgets when putting offers on homes. The problem; Interest rates rise to a
Is The Housing Market About To Crash? Read More »
The latest move by the Bank of England to relax mortgage affordability rules should make it easier for first-time buyers to take out a mortgage. Key takeaways The Bank of England has announced plans to relax mortgage lending rules from August 1 Borrowers currently have to show they can afford repayments on their lender’s higher
Mortgage lenders to do more to help borrowers Read More »
It has recently come to everyone’s attention that energy prices were on the rise. The regulator Ofgem has announced a cap of 54% to the increase, the maximum limit has gone from £1277 to just under £2000 per year. Households in the UK will therefore see a hike in their energy bills. Some could be
Energy prices on the rise, how to offset the cost? Read More »
Landlords will no longer be able to evict renters for no reason as part of a package of measures included in the Queen’s Speech to make the rental market fairer. Key takeaways Landlords are set to be banned from evicting renters without a reason as part of a package of measures to make the private
Queen’s speech: no fault evictions to be banned Read More »
Property values rise at their fastest rate since 2007, as house price growth hits a 15-year high. Key takeaways The typical UK property has risen by 13%, since March 2020 Demand from potential buyers is 58% above the five-year average, but the supply of homes is also starting to increase, creating property hotspots A total
Value of average UK home rises by £29,000 in two years Read More »
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