Retirement homes offer a perfect solution for couples or individuals who need to downsize but want to move into an established community. Some retirement homes offer great deals with many additional features like social spaces that can make retirement even more pleasant. Selling your large family house to free up cash is very common, but …
Property is one of the best performing assets classes over the last 20 years. As a consequence, more and more people are buying second properties to rent out and benefit both capital appreciation and rental income. Over the last twenty years, research shows the average property price in the UK has increased upwards of 250% …
In the UK, every month there are upwards of 50,000 remortgage applications approved. This is up from 40,000 in 2016, and while they have dropped significantly in the last few months due to the effects of the Covid-19, remortgaging is still a large part of the UK property market. There are many reasons to re-mortgage …
If you’re going to buy a home, or you’re looking to re-mortgage your current home, the first step is usually looking at a mortgage and understanding how much you can afford to borrow. Over the last twenty years, houses across the UK have increased in value by a huge 210%. As a consequence, as of …
Property is of the safest and best-performing investments over the last twenty years. In a report by Coulters Property, they reported that in 1999 the average house price was just £77,961, however by 2020 it has risen to a massive £244,513. That’s a 300% increase in just twenty years. Over this period a lot of …
Moving house is a large feat to undertake. Sometimes it can be done in as little as a month but other times it could take as long as five months. The timeline depends on so many different things that it can be very difficult to estimate how long it may take. If you are buying …
If you brake a property rental contract in the UK it is both expensive, you’ll loose your deposit, and can lead a court case, as you are legal responsible for the cost of that property. As a result, if you’re going to rent a property in the UK, you need to know how much rent …
Deciding how much rent you want to charge as a landlord is a complicated affair, especially if this is your first endeavor into this space. You want to make a profit, but don’t want to make it so prohibitively costly that no one can afford to live there. The positive of having tenants is the …
When you’re making a property purchase in the UK, the mortgage application process can be nerve-wracking. Lenders are scrutinising your finances and considering many variables, including “what-ifs,” when making an assessment. In this intense environment, how can a simple overdraft affect your application’s chances? Type of Overdraft The short answer is that it depends. In …
Buying a house, whether it’s your first house or you’re getting a larger home to support your growing family, is a significant step. Too often, I’ve met clients who bought a new house without really thinking about it. It’s important to remember, if you buy correctly, a house could be one of the best investments …
With interest rates at the time of writing being incredibly low, property buyers often feel they can find a great property and take a low-interest mortgage for the life of their property. The problem, this is often not the case, your personal or financial circumstances can change, and you could need to change your mortgage. …