Tag: legal advice
Rental market red hot
As landlords sell up to take advantage of sky-high house prices or rent their properties on a short-term basis to those looking to holiday in the UK, a reduction in available rental homes has meant fierce competition among tenants. Potential tenants are finding themselves in bidding wars and are being gazumped at the last minute...
Tips on how to deal with gazumping when buying a property
With the market for buyers difficult due to a shortage of available properties and a large number of people wishing to move, tales of gazumping are rife. We take a look at how to minimise the risk of being gazumped and what to do if it happens to you. Gazumping happens when you have had...
The remortgage process
As mortgage deals become available with interest rates of below 1 per cent, remortgaging has the potential to save money for those currently paying much higher rates. For the first time ever, interest rates on a five-year fixed rate deal have fallen below 1 per cent as lenders compete for business. This is believed to...
Tips for successful home buying in a seller’s market
The property market is exceptionally strong at present, with continuing price rises and reported tussles for properties in some locations. We take a look at how to give yourself the best chance of success as a buyer in a seller’s market. House prices have risen almost 9 per cent during the year ending April 2021,...
House prices in UK rising at fastest rate for five years
With the chancellor’s extended Stamp Duty holiday continuing to buoy the property market, the country’s biggest mortgage lender has reported that house prices are rising at their fastest pace in five years. Halifax says that there was a 1.4 per cent increase in the cost of an average home in April 2021, meaning a new...
What could you do with Boris Johnson’s make over budget?
With an investigation into the source of £58,000 said to have been paid towards the refurbishment of the prime minister’s flat at 11 Downing Street, estate and lettings agency Ascend Properties took a look at what the average UK homeowner could do with this sum. After a year spent largely at home, most people have...
Landlords selling private rental properties
Recent figures have revealed an increase in landlords selling their properties in the private home rental sector. Online property company Zoopla’s House Price Index report shows that the number of homes for sale that were previously rented has steadily increased throughout the past year. The south east and London show the biggest increase, with 13...
Mortgage approvals are up and low deposit mortgages are back
Mortgage approvals hit a 13-year high in the last months of 2020, while the return of low deposit mortgages means that first-time buyers will have a better chance of stepping onto the property ladder. Despite economic turmoil, the house market has been buoyant as buyers look to take advantage of the Stamp Duty holiday, set...
It’s not all doom and gloom: property predictions for 2021
The end of 2020 saw house prices at a record high, helped by the chancellor’s Stamp Duty holiday, but what is likely to happen in 2021 as financial disruption continues? The property market slumped during the first lockdown of 2020, with prices down 0.5 per cent halfway through the year. However, following relaxing of restrictions...
