First Time Buyer Stamp Duty
Stamp duty is a tax that buyers have to pay to the government when they purchase a home. Recently for first time buyers, there was some good news on the stamp duty front. From 25th March 2010 to 25th March 2012 as a first time buyer paying stamp duty, you are exempt if you buy a property under £250,000.
As the average first time buyer buys a property for £138,000* (source CML) this should mean most, if not all, first time buyers pay no stamp duty at all. READ MORE
Find out about First Time Buyer Help
Tuesday, 22 February 2011
Thursday, 17 February 2011
Best First Time Buyers' Mortgage
Best First Time Buyers' Mortgage
One of the questions first time buyers ask us is ‘which is the best mortgage for me?’ Unfortunately the best first time buyers' mortgage for you will depend purely on your own financial circumstances, how long you will own the property for and whether you are buying alone or buying with other people.
One important thing to remember when researching the best first time buyers' mortgage for yourself is that the only people that can legally advise you on this is someone that is a fully qualified mortgage broker or independent financial advisor.
Find out how to research for your first mortgage.
Look at our First Time Buyers' Property Pack.
One of the questions first time buyers ask us is ‘which is the best mortgage for me?’ Unfortunately the best first time buyers' mortgage for you will depend purely on your own financial circumstances, how long you will own the property for and whether you are buying alone or buying with other people.
One important thing to remember when researching the best first time buyers' mortgage for yourself is that the only people that can legally advise you on this is someone that is a fully qualified mortgage broker or independent financial advisor.
Find out how to research for your first mortgage.
Look at our First Time Buyers' Property Pack.
Tuesday, 15 February 2011
15 Ways for Tenants to Spot a Fake Landlord!
Find Property to Rent
Recent news reports of unscrupulous people taking over someone's home and renting it out to either one or more tenants means that if you are a homeowner, a landlord or a tenant, you need to take precautions to avoid being scammed!
If you are a prospective tenant hunting for a property, then it's vital to follow our top 15 ways to spot a fake landlord BEFORE you hand over any money!
READ ON to find out who you should rent from!
15 Ways for Tenants to Spot a Fake Landlord
Recent news reports of unscrupulous people taking over someone's home and renting it out to either one or more tenants means that if you are a homeowner, a landlord or a tenant, you need to take precautions to avoid being scammed!
If you are a prospective tenant hunting for a property, then it's vital to follow our top 15 ways to spot a fake landlord BEFORE you hand over any money!
READ ON to find out who you should rent from!
15 Ways for Tenants to Spot a Fake Landlord
Monday, 14 February 2011
Adverse Possession
If you own a property, there is a rule that sometimes allows a squatter to claim ownership of the property by ‘adverse possession’.
It is actually very rare for squatters to claim this right as they do have to have lived in the home without the owner’s permission for 10 or more years. Whereas most people that own an empty home would find out about it and take action.
READ ON to find out how the law has recently changed regarding squatters!
It is actually very rare for squatters to claim this right as they do have to have lived in the home without the owner’s permission for 10 or more years. Whereas most people that own an empty home would find out about it and take action.
READ ON to find out how the law has recently changed regarding squatters!
Thursday, 10 February 2011
What can you do to avoid squatters taking over your property?
Avoid Squatters
One of the more problematic effects of the recession is that more people appear to be squatting than before. By its nature, squatting isn’t something that is measured, but estimates are that 20-30,000 people squat and most squatting takes place in London.
In the past, this has mainly been in commercial or residential properties that are empty. Now though we are starting to hear of bizarre cases where a home owner goes on holiday or in one case, a man took his dog for a walk, only to find that when they came back home, someone had moved in!
Find out how to avoid squatters taking over your property
One of the more problematic effects of the recession is that more people appear to be squatting than before. By its nature, squatting isn’t something that is measured, but estimates are that 20-30,000 people squat and most squatting takes place in London.
In the past, this has mainly been in commercial or residential properties that are empty. Now though we are starting to hear of bizarre cases where a home owner goes on holiday or in one case, a man took his dog for a walk, only to find that when they came back home, someone had moved in!
Find out how to avoid squatters taking over your property
Tuesday, 8 February 2011
Major news for Oxfordshire Landlords!
Are you letting out properties in Oxfordshire?
Any landlords looking to let rooms in the Oxford area need to make sure they are letting their properties legally as the local authority decides to insist all properties with rooms to let have a Homes in Multiple Occupation licence.
Normally to require a licence for an HMO you typically need to have three or more storeys and five plus tenants who are not related.
Attention all Oxfordshire landlords - find out what you need to do now!
Any landlords looking to let rooms in the Oxford area need to make sure they are letting their properties legally as the local authority decides to insist all properties with rooms to let have a Homes in Multiple Occupation licence.
Normally to require a licence for an HMO you typically need to have three or more storeys and five plus tenants who are not related.
Attention all Oxfordshire landlords - find out what you need to do now!
Tuesday, 1 February 2011
London Rental Flats
Are London tenants having to downsize?
We have long been reporting of the dramatic rise in rents, especially in stock strapped London. Property consultants Cluttons are seeing this dramatically affecting the rental market as “rising rents are forcing tenants to search for smaller properties, creating fierce competition for one-bedroom flats”.
So, sadly for Londoners who normally prefer a bedroom and an office, many are having to give up this luxury extra space to try and keep rents and overall outgoings down.
Find out what this means for London Property Investors.
We have long been reporting of the dramatic rise in rents, especially in stock strapped London. Property consultants Cluttons are seeing this dramatically affecting the rental market as “rising rents are forcing tenants to search for smaller properties, creating fierce competition for one-bedroom flats”.
So, sadly for Londoners who normally prefer a bedroom and an office, many are having to give up this luxury extra space to try and keep rents and overall outgoings down.
Find out what this means for London Property Investors.
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