New research reveals that millennials appear to be massively incorrect about when they’ll receive inheritance from their parents and how much it’ll be. Millennials are people who were born between 1981 and 1996. Charles Stanley, investment management firm, conducted the survey of around 1000 UK millennials and 1000 parents. It gives us insights into what millennials…Continue reading
Tag: Property
Planning Permission for Extensions No Longer Required
Homeowners in England no longer need planning permission to build extensions on their homes. This will allow thousands of people to expand their homes cheaper and quicker. The previous rules required homeowners to put in a full planning application for single-storey rear work; this cost over £200. Thanks to the government’s scrapping of the red…Continue reading
Committee Publishes Leasehold Reform Report
The Housing, Communities and Local Government Committee recently published the report from its inquiry into leasehold reform. Ban on selling new builds as leasehold The report, which the Committee published last month, made several recommendations to the government. One of these recommendations is banning the sale of new leasehold houses; the government has already committed to…Continue reading
Do you Heavily Rely on your Car?
Seriously, imagine the disappointment; saving up to buy yourself a nice, shiny new-build past the ring-road of the town, you’ve moved in, you’ve hung all your pictures up, you get the point… But then, the reality hits. You want some milk, some bread, or maybe just to nip to the pub. Nope. You don’t drive.…Continue reading
MAGIC: All The ‘For Sale’ Signs Have Disappeared!
2018 is bad news for the housing market, as fewer homes have been on the market this year than in any other year during the past decade. Halifax, the UK’s largest mortgage lender, said that it’s pretty slim-pickings in terms of houses. Russell Galley, managing director of Halifax, said that the combination of low mortgage…Continue reading
We Will Stop Your Worst Conveyancing Nightmare From Coming True
Many people who have been through the process of buying a house have experienced this certain type of problem. All house buyers have at least dealt with the worry of this issue arising. What if your conveyancer goes on holiday during your transaction?! Forget your ghost stories, your undying fear of spiders and your horrifying…Continue reading
Rise of Down Valuations Means Decline of Happy Sellers and Buyers
When a buyer has agreed the price of a house with the seller, the mortgage provider employs a surveyor to check what they think the house is worth. The surveyor looks at the sale prices of similar properties in the local area, market conditions in the area, and the current condition of the property. A…Continue reading
Sheffield Proves Itself as a Piping Property Hotspot
A new online tool which cleverly takes the temperature of the housing market in certain postcode areas has been used to highlight Yorkshire’s top ten property hotspots and cold spots. PropCast, the UK’s first house selling weather forecast, can analyse buyer demand and we can now see which locations in Yorkshire are piping hot on…Continue reading
Don’t Slip Up When Buying Property at an Auction
We understand that buying property at an auction is very appealing indeed. The main attraction being that you avoid the long-winded process of buying a house and it’s all condensed into a matter of minutes rather than several months. Hammer falls – you own the property. However, you have to be extremely careful when buying…Continue reading
Rise In Interest Rates Hits Young Homebuyers Hard
Interest rates are rising in the UK, adding to the financial burden of young homebuyers. The situation has been driven by house prices rising much faster than the salaries of first-time buyers, forcing many of them to take on increasingly large amounts of debt in order to own their own home. Indicators suggest that interest…Continue reading