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Although Labour has long been associated with better rights for renters, it recently showed that it is equally as committed to promoting homeownership. A raft of financial reforms designed to help mortgage borrowers, which will apply across the UK, were announced in July.
The unassailable attractiveness of property as a money-making asset persists. While passive appreciation still exists – that’s when homes gradually increase in value with nothing more than time – homeowners are looking at adding values in other ways.
Despite how morbid it feels, deciding what happens to a property you own when you die is something you need to decide early in the buying process. In fact, you’ll need to tell your solicitor your preferred course of action before you finalise a purchase.
Commonhold is a property term that’s been in the press recently. If the current Government gets its way, this method of owning a flat or apartment is something we could see a lot more off. Ahead of a more widespread adoption, we have answered the most popular commonhold questions.
We may sound like a broken record but property presentation really does matter when you’re trying to attract buyers and achieve the best price for your home.
Try as we might to adopt a more European attitude and feel totally comfortable with renting our entire lives, many of us aspire to homeownership. It’s an aim that stems back to the 1980s when the then Prime Minister, Margaret Thatcher, set out to create a ‘property-owning democracy’.
Skips. Cement mixers. Brick dust. People with hard hats and high-viz jackets milling about. How do these make you feel? Just like Marmite, homeowners have a love/hate relationship with renovations. What camp do you fall in?
When you sell your home, you’ll want as many people to be impressed as possible. Buyers will make an assumption about your property within seconds, whether that’s when browsing photos online or looking at your property during a viewing.
In 2023, the Bank of Mum & Dad gifted or loaned an estimated £9.4 billion to adult children buying a property. It’s a sum that has almost doubled since 2019, with generous parents and even grandparents keen to help loved ones get a foot on the property ladder.
Yes it’s a cliché but will 2025 be a case of ‘New Year, new home?’ If you are serious about purchasing a property, almost everything will be dictated by your monetary situation. Here’s how to get your finances in order before you start looking for a new home.
Data held by the Ministry of Housing, Communities and Local Government estimates there are almost 5 million leasehold homes in England alone. As a result, many people buy, and subsequently sell, a leasehold property.
Many things have changed since the Covid pandemic but no one would have predicted how two new habits with no direct links to the medical world would radically shift our perspective, perhaps forever. Even more surprisingly, both habits have a direct link to property sales.
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