5 reasons UK house prices keep rising post stamp duty
Post stamp duty holiday many expected or hoped property prices would slump. In contrast they have continued to rise. Below are 5 of the reasons UK house prices keep rising post stamp duty and will continue too, till something changes. Record low interest rates Low interest rates drive property prices up because
What the Bank of England vote means for homebuyers
What the Bank of England vote means for homebuyers; is to expect more of the same. At least for now. Yesterday, The Bank of England silenced the endless speculation surrounding a base rate increase. Voting 7-2, to maintain the base rate at 0.1%. Whilst suggesting, a 'modest' rise in interest rates
Why construction costs are so high
The Builder/Client power shift A builder’s crack, once abhorrent, is now tolerated for the greater aesthetic good of our homes. The days of refusing to let your builder use your loo or offering them a cup of tea, are gone. Clients now find themselves desperate to placate their builders, to prevent
Sold but can’t find a house – 6 reasons to stay positive
Sold but can't find a house? For many the pandemic focused buyers minds on living the good life. Free from smog, traffic and pollution the countryside and coast beckoned. Lighting up would be purchasers' medial orbitofrontal cortex, with the promise of more space and greenery. What they didn’t bargain on,
Where to buy property on the Elizabeth Line, London
When investing in London property, it pays to get on the right track. By analysing average house and flat price movement in London over the past year, we discovery where to buy property on London’s Elizabeth Line. But first, let's examine the other two new stations recently added to London's underground. The
What happens on completion?
The big day has finally arrived! But ever wondered what happens on completion? Ownership of the property is transferred from the seller to the buyer. In the morning, final funds are paid across via a CHAPS payment from the buyer's solicitor to the seller's solicitor. Once the seller's solicitor is in
What happens at exchange of contracts?
Once your offer is accepted and your solicitor has done his due diligence, many wonder what happens at exchange of contracts? Below I outline what you will need to do to get you across the line, at this crucial stage. First off, you will need to forward a deposit, typically 10%,
What happens once an offer is accepted on a property
Getting an offer agreed is the easy bit. Many don't realise, that it's only now the real work begins, as they discover what happens once an offer is accepted on a property. Home Buyers Protection Insurance or Home buyers insurance Before commencing any sales progression you have to decide if you wish
How to get on the property ladder
To discover how to get on the property ladder you first have to find out what you can afford. Mortgages There is no point viewing anything till you know what you realistically can afford. To work out how much you can borrow, a good rule of thumb is 4-5 times your salary.
Kensington and Chelsea explained
Forget the Italian boot, The Royal Borough of Kensington and Chelsea is appropriately shaped like a hockey stick that likes to have a ‘jolly’ good time. Once home too many aristocrats, its residents are now made up of families, old money, overseas investors and international jet setters. To be part