In the UK the condition of the UK housing market determines the price of the property. Here’s a rundown of what influences the UK housing market and how it can affect you as a homebuyer for what you’ll pay for a property at a given time. What is the UK housing market? The UK housing market is the market for buying and selling proper...
Many features of a buy-to-let property will make potential tenants enamored with it, from its location to its features. Making sure that your property is suited to your target market can improve your rental yields, creates less vacancy, and improve the tenant’s satisfaction. Making your buy-to-let property home energy efficient can increase the re...
The eviction ban was brought in due to the covid-19 situation. The government has announced that the evictions ban will end on 31st May 2021 as part of a phased approach. This means that starting 1st June 2021, notice periods which was formerly extended to six months will be reduced to four months’ notice. However, in a situation where the tenant...
Balham, London is dubbed as ‘Gate Way of the South’ in Peter Sellers’ version of a sketch by Frank Muir and Denis Norden. It has a popular brunch and a pleasant community feel. No wonder it becomes an increasingly popular area for young professionals and families. BalhamWhen it comes to selling or buying a home in Balham, it is important to...
One of the selling points of a property for many tenants is the garden. Even if they do not enjoy maintaining a nice garden, tenants enjoy having a nice outdoor space especially these days where outdoor space is highly desirable. For landlords, gardens can be a bit of pain particularly if you discover that the garden has not been maintained by the...
When it comes to being a landlord, one of the key aspects of being a successful landlord is ensuring you maximise cash flow to generate income and cover contingencies. However, not all buy-to-let properties guarantee maximum cash flows. But before we start, let us give you a short tour about Cash flow. What is Cash Flow? Cash flow is the m...
Starting today, High Street lenders are now offering mortgages to borrowers with just a 5% deposit under the new government guarantee scheme. According to the research made by the government, 68% of private renters and 72% of adults living in their family homes said that they want to buy a home. The majority of them have been aware of the importan...
Starting 1st April 2021, non-UK residents who wish to buy a property in England will now have to pay a 2 percent surcharge for stamp duty.An identified non-UK resident transaction will have a 2 percent surcharge. This applies to a purchase of a residential property whether freehold or leasehold in England and Northern Ireland. This applies on top of all othe...
Last summer, the Electrical Safety Standards Regulations in the private rented sector in England were introduced. The regulations make it compulsory for an Electrical Installation Condition Report (EICR) for all existing specified tenancies to be completed in April 2021. It needed to be carried out in the property by a registered professional. W...
At times, owning a pet can be a challenge for people who need a rental property to live in. Most landlords have a no-pet policy because of the fear of the potential damage that a pet can cause to the property.Since the start of the pandemic, thousands of people have let furry friends into their lives. And due to the situation, many renters have long been exc...
About the areaPlough Lane is a street in Greater London vibrant area of Wimbledon. Haydons Road Railway Station is only 5 minutes away from Plough Lane and Wimbledon Park Tube is 10 to 12 minutes away. There are several coffee shops and supermarkets nearby.The nearest primary school in Plough Lane is Smallwood Primary School and Language Unit. Broadwater Pri...
Find out how the new 95% mortgage guarantee scheme could help you in buying your first home with only a 5% deposit. Just this month, the government has announced in the March Budget a new mortgage guarantee scheme in order to support the new generation to help them climb the property ladder. What is the mortgage guarantee scheme? The new mortgag...
The stamp duty holiday has been extended in England for three months. Chancellor Rishi Sunak has announced that the stamp duty holiday is extended until 30th June. Initially, the government has temporarily increased the amount at which stamp duty is paid to £500,000, for property sales in England as well as in Northern Ireland. The temporary incre...
Stamp duty holiday was introduced last 8 July 2020 and was set to run until 31 March 2021 in a bid to get the property market moving again amidst lockdown due to the Covid-19 pandemic.The stamp duty holiday entitles first-time homebuyers, or buyers moving up or down the housing ladder to an exemption of tax on the first £500,000 on residential properti...
#1 What’s happening to the house prices across England?According to Grainne Gilmore, head of research of Zoopla, house prices are increasing at around 4% a year. The price growth is due to the rise of demand in some areas of the country, despite the national lockdown. The rate growth ranges from 2.8 percent in the east of England to 5 percent in the no...
