First-time buyers need to earn an extra £7.5K to step on the property ladder The rapid rise in house prices over the last three years means first-time buyers now need to earn more to buy a home. Let’s look at the options. Rising rents and a shortage of rental properties are pushing more renters to […]
The renters reform bill is to double the notice period for rent increases to two months, no-fault evictions to be banned and to establish minimum housing standards for rented accommodation. The renters reform bill set to protect renters from unfair rent increases and ‘no fault’ evictions has been delayed The renters reform bill, which was
The Renters Reform Bill is Delayed Read More »
The ‘cost of living crisis’ refers to the fall in incomes that the UK has experienced since late 2021. What is the cost of living crisis? The ‘cost of living crisis’ refers to the fall in disposable incomes (that is, adjusted for inflation and after taxes and benefits) that the UK has experienced since late
In the fight against rising insterest rates a popular method has always been to make mortgage overpayments. This helps homeowners reduce the amount they owe, pay less interest and be moretgage free sooner. Homeowners have overpaid their mortgages by a record £6.7 billion The jump is likely to have been triggered by rising interest rates,
How you can save on your mortgage regardless of the interest rate Read More »
Most landlords are in favour of the introduction of the Decent Homes Standard, the biggest shake up in the private rented sector for 30 years. 74% of landlords also expressed frustration with the lack of action taken against rogue landlords, saying local authorities should do more to drive out those who let sub-standard homes The
60% of Landlords support new standards for rented homes Read More »
If you’re looking to sell in 2023, you’re in demand. Homes that offer more value for money are exactly what buyers are looking for right now. Demand for homes has reached its highest level since October 2022 and is 16% higher than spring 2019 Demand from buyers is also above average in the most affordable
Selling in 2023, an update on the first quarter Read More »
When purchasing a home, you will often require a survey, this is to confirm with you lender/bank that the property you are purchasing meets the value of the price you are paying for it. This gives the bank protection as the loan is equivalent to the properties value less the 5%-25% of your deposit. Here
Survey concerns and what they mean Read More »
If you are looking to get yourself on the property ladder as many other people are, or perhaps you just want to put some money aside, we have you covered. Open a high interest current account/savings account Switch to a more affordable energy provider Turn thermostat to between 18°C and 21°C Draught proof windows &
How to save in the middle of a cost of living crisis Read More »
Rent is still at an all time high and the cost of living crisis continues to put pressure on families; will this continue and what impact will it have on future rent? Rental inflation has slowed to 11.1%, from a high of 12.3% in mid-2022 A strong labour market and record immigration drove demand in
What is going on with the rental market? Read More »
With higher mortgage rates and increased cost of living pressures many households will find this budget focuses on encouraging the economy and jobs. The Spring budget only had a few things affecting the housing market. Stamp duty is remains unchanged and we expect this to be the case until 2025. Landlords now have a lower
Spring budget, how does this affect you? Read More »
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