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When it comes to selling your home, preparation and doing your homework will help to make the task run smoothly. As well as the time and effort it takes to get your home ready for viewing – in terms of giving it that easily achievable ‘show home feel’ – there are also a number of legal and financial considerations.

Harrison Murray Estate Agency and Nottingham Estate Agency (both part of The Nottingham), have a few tips when it comes to getting your property sale-ready – from de-cluttering, conveyancing, arranging a mortgage and everything in between.

 

Su Snaith, Head of estate agency, said: “When people think about preparing their house for sale, they often think about the physical aspects such as DIY and decorating to attract potential buyers, in efforts to accelerate the time taken to receive an offer. However, very few think about legally preparing their house for sale.

As part of The Nottingham we can help provide a one-stop shop when it comes to legally and financially preparing customers for, and guiding them through, the house selling process.”

Top tips:

Once you are certain you want to move – and are emotionally and financially ready – choose your agent wisely. Instruct an agent with a good reputation whom you feel will market your home to the best of their ability, and who is a member of the Property Ombudsman Scheme and the Office of Fair Trading.

Step back and look at your home through the eyes of a potential buyer. Make the most of your space, make sure the house is clean and tidy; focusing on de-cluttering, giving windows and doors a lick of paint if needed, and pay some attention to your outdoor space; cutting the lawn and getting rid of unsightly weeds.

Be sure to highlight, and pass on to your agent, details of any outstanding features that first attracted you to the home. Your agent will work this information into the property details. This could include such things as an under-the-stairs storage space or a dedicated outdoor dining area.

There are many legal points to consider, but being well prepared may help to speed up the process, from viewings to the eventual sale.

Draw up an inventory of items that you are including or not including in the sale of the house, for example curtain poles and light fittings, to avoid confusion later down the line.

Gather any documents you have that relate to the property, no matter how trivial you think they are. Buyers will expect to see all documents and by not providing them, it could result in delays. For example, windows installed after 1 April 2002 need FENSA certificates, and any remedial works should have associated guarantees.

In addition, building work that has been carried out on the property will result in you needing to produce building regulations and planning permissions, as well as the relevant completion certificate for the work. By law, an EPC (Energy Performance Certificate), giving information on how to make your home more energy efficient and reduce carbon dioxide emissions, needs to be provided. Your estate agent can arrange this.

Conveyancing – this is the last legal hurdle. Put simply, it is the act of legally transferring a property from one person to another and has, by law, to be carried out by a solicitor or licensed conveyancer. Harrison Murray and Nottingham Estate Agency’s conveyancing solicitors can open the file at the start of the marketing process and prepare all the necessary documentation to reduce the time from offer to exchange – as the longer the process takes, the more likely the sale may fall through.

A move to a new home may take its toll financially, but it may be wise to think about home insurance, finding the right mortgage and future financial planning.

 

Source: http://www.propertyreporter.co.uk/property/top-tips-to-get-your-house-sale-ready.html?utm_source=Email+Campaign&utm_medium=email&utm_campaign=21136-190224-Campaign+-+27%2F01%2F2017+SHAW 

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Landlords typically paid £310,265 for an investment property in 2016, £35,000 more than £275,286 in 2015, research from The Mortgage Broker shows.

In the process they borrowed £15,000 more, with typical loan sizes reaching £185,188, and deposits rose by nearly £20,000 to £125,016 in 2016.

Darren Pescod, managing director of The Mortgage Broker, said: “Landlords are certainly feeling the pinch, but the raft of tax changes that came into force in 2016, do not appear to have dampened the buy-to-let market.

 

More landlords converting properties into HMOs

“In many towns and cities, landlords have increased their investment in buy-to-let property, despite the financial challenges that have been recently thrown at them by the government.

“Our research shows that landlords are finding larger deposits and increasing their borrowing to secure property.  With mortgage interest rates so low and the demand for rental property booming, the market still provides a great investment opportunity.”

According to the Council of Mortgage Lenders (CML), gross buy-to-let lending in November was the highest since the stamp duty changes on second properties were introduced last April.

 

Landlords borrowed £3.2bn in November 2016, up 10% month-on-month but down 9% year-on-year.

Pescot expects larger landlords to become the norm and smaller ones to pull out of the market.

He added: “Though the stamp duty additional levy and income tax changes that come into force in this tax year have slowed down this sector it terms of the number of applicants applying for new buy-to let mortgages.

“This may lead to some consolidation with larger landlords, scooping up rental opportunities in their local area and beyond.

“Our view is that smaller landlords with fewer than three properties may find it financially tough and will pull out of the market.”

 

Source: http://www.mortgageintroducer.com/landlords-pay-35000-properties-2016/#.WIcbutKLTcu

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Accord Mortgages has anounced this morning that it has reduced rates on a range of selected fixed rate products by up to 0.24%.

The intermediary-only lender has reduced rates at the 75%, 80%, 85% and 90% loan-to-values (LTVs), across two, three and five year terms.

Available to house purchase customers is a competitive five-year fixed rate mortgage at 2.20% for those with a 20% deposit, or at 85% LTV there is a 2.39% deal.

Both mortgages include the additional features of £250 cash back on completion and free standard valuation and come with a £995 product fee.

Those who want to fix for a shorter period can opt for a three-year offering at 2.37% at 90% LTV, which is available to both buyers and borrowers looking to remortgage and comes with a £995 product fee.

In addition, Accord has launched a 2.76% three-year fix at 90% LTV option for home buyers which comes with no up-front fees plus £250 cashback on completion and free standard valuation.

David Robinson, Accord’s National Intermediary Sales Manager, said: “We are sure the new rates will prove attractive to brokers and borrowers, and we are keen to offer mortgages that deliver value for money to our customers with features like cashback on completion. The five-year rate reductions will appeal to borrowers looking for the security of fixing their mortgage repayments to a competitive rate for a longer period.”

Source: http://www.propertyreporter.co.uk/finance/accord-announces-reductions-across-s3lected-fixed-rate-products.html?utm_source=Email+Campaign&utm_medium=email&utm_campaign=21136-189496-Campaign+-+23%2F01%2F2017+SLR 

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Woodford Green office just helped a vendor to follow his dream and set up his new life in Thailand.

Why choose living overseas?

Moving overseas is rewarding on so many levels, according to our customers. If you are seeking a place to retire, consider the cost of living relative to your savings. If you are an young entrepreneur, looking for new adventures, consider a place that inspires you and build you up for the next business challenges.

How can we help?

Many fail to make it happen, overwhelmed by the technicalities of setting up home and a new life from scratch. If you approach relocating with the right frame of mind the question remains: will you be brave enough to make the first step? If yes, we are here to help with Victor Michael living overseas services and real estate offers. To start, we have over 412 international properties on our books waiting for you to make your dreams happen.

Arrange a viewing with us. right in this very unique moment. It’s up to you to make it happen!

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Finding a good place to live in London can be a challenge, especially if you are focused in finding the perfect flat or a nice cozy place you wish to call home. If you’re new in town and no one is here to help we recommend you: Airbnb. Here you can find a nice cozy place to rent for a few days time, while you’re focusing on your search to rent or to  buy: either an old victorian house or modern apartment in central London.

Why London?

Well, here it depedends. Some move here, for business reasons, other for finding a new job and many others for studying in one of the great universitites you can find around town. No matter the reason, we all end up having the same first problem: where do I stay in London?

Here, we can recommend you with open hears the advice of a professional real estate agent. There’s no one better, who can show you around town for the best options you have available on the market. Also to help you get the best prices for the coziest houses or apartments in London.

Apartments ‘To Rent’ or ‘For Sale’ in London.

London has an incredible choice when it comes to variety and different types of apartments. No matter the taste, whether if you are looking for luxury apartments or value or a great riverview, there is for sure something outhere to suit your style and budget. To get a brief overview of the types of apartments you can expect to find in London, get in touch with one of our real estate agents.

 

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