Lifestyle

Renting will cut your monthly income by a almost a quarter. Taking that into consideration, it is only natural to choose wisely when it comes to places to rent. However, a recent study found that there are some common interests between London renters.

Major concerns and interests for renters:

-> saving money: discounts and offers that help saving money daily.

-> the rising cost of living.

-> saving money on transport costs.

Despite all the eagerness to save money, 74% of renters questioned would pay a higher rent if this means saving money on daily necessities (groceries, household bills, and transport).

For more insights, read the entire article on Property Reporter.

Where do you find yourself? A big spender or a cautious cost planner?

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Photo source: Flickr https://bit.ly/2HaW8uD

What is remortgaging?

Remortgaging is the act of moving your loan from one lender to another or negotiating a new rate with your existing lender. You might be able to find a cheaper deal elsewhere, letting you save a bit more each month and pay it off faster. Or you could extend the length of your mortgage, allowing you to pay less each month (but taking longer to pay off completely and paying more interest over the length of your mortgage).

So if you’re looking to pay off other debts*, shorten the length of your mortgage or simply reduce how much you’re paying, you may want to consider remortgaging your home.

The process of remortgaging is fairly simple, but figuring out whether it’s the right financial decision isn’t. We do recommend speaking to a financial adviser further before making a final decision.

Why you may consider remortgaging:

  • The value of your property has increased (significantly) since you took out your mortgage, putting you in a lower ‘loan-to-value’ band that opens you up to lower rates.
  • Your existing lender won’t allow you to pay more towards your mortgage, even when you can afford it.
  • Your existing deal is coming to an end and your lender will place you on an SVR (standard variable rate).
  • The Bank of England rate is going to increase, as this can affect your mortgage.

Why you may consider staying with your current lender:

  • You’ve suffered credit issues or failed to pay debts (since starting your mortgage).
  • If an early repayment charge payable on an existing product exceeds the cost of any savings that could be made by remortgaging.
  • You’ve only got a small amount left to pay; switching lenders so late on in the process means you may not save that much.
  • Your work situation has changed; perhaps you’re now self-employed or no longer working. This could affect a lender’s decision either way.

What to do when deciding to remortgage

Do your research

Comparison sites are handy for finding current deals, but they don’t always explain in certain terms what’s right for you and your particular circumstances. If you are unsure, we suggest consulting with a mortgage adviser who can make the process as easy as possible and find the right rate for you.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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Photo source: Tradesmenjobs.co.uk https://bit.ly/2EPWf8T

Whether you’re planning a whole new refurbishment or just simply looking to fix an electrical problem, you’ll always be in need of a quality tradesman. But due to the increasing number of review websites, how do you know which to trust?

There are many UK websites out there that can assist you in finding the right person to help you carry out the work you need doing. Here are the three main websites to keep an eye out for:

 

Mybuilder.com

All you must do is simply post the details and requirements of the job you need to be carried out then sit back and wait for a response from a qualified tradesman. Once you have received a quote you get to choose yourself based on the tradesmen profiles and previous reviews which can come as extremely handy as you can see for yourself how previous clients rated their performance on the jobs they had carried out previously. All reviews are confirmed by the website as true and bad reviews are never removed.

 

Plentific

Plentific allows you to complete searches for tradesmen based on your postcode and job details. You can then either make contact with the tradesmen or instead post the job and wait for them to come to you. If you choose to post the job, the website’s concierges handle the process personally, obtaining quotes and assisting you in finding the right tradesman.

 

Ratedpeople.com

Ratedpeople.com is incredibly similar to Mybuilder.com, again all you need to do is post details of the job you’d like to be carried out and wait for a qualified tradesman to respond.  These tradesmen pay the website for the opportunity to provide a quote to you; the website will then provide you with a shortlist of tradesmen where you can choose your preferred tradesman based on their quotes and reviews.

The website completes checks on tradesmen’s ID, credit status, accounts, public liability insurance and qualifications. However, do note that they surrender responsibility of what the tradesmen say and do advise authenticating their credentials before enlisting them to work.

 

Generally, you are able to trust these online tradesmen review sites. Tradesmen with lots of reviews provide you with a better idea of what they are like and the level of service they can provide. Just remember that these websites are funded by the tradesmen they are featuring. We advise doing your best in getting everything out of your tradesmen, including as accurate as a quote as you can get and what they can offer to the job you need completing.

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Are you looking forward to investing more in your future home? Extra budget should mean you have to be more careful at the property you are prospecting.

We found a useful guide when searching for a luxury property on Property Division.

-> Location is key. Check out the neighborhoods’ houses!

-> Carefully analyze space layout, design and architecture.

-> Extra-large kitchen should equal luxury.

-> High-end finishes must be genuine!

What do people look for when buying a luxury home?

Check out our recommendations for a great luxury home! You’ll know they’re exactly what you are looking for!

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A new survey has found that only 1 in 10 people take a property’s energy rating into consideration when looking to buy a house. A poor energy rating could however cost homeowners thousands of pounds each year.

The research, conducted by construction and Regeneration Company Keep moat, found that buyers tend to prioritize factors such as local amenities, transport links, and parking when looking for a new home, over the building’s energy rating.

The survey of 2,000 Brits found that the energy rating was actually the second least important factor people took into consideration when buying a new house, followed only by its future investment potential.

The highest priority for buyers looking to move house was actually living near family, but green space was also quite high on the list.

New measures now mean that landlords are required to ensure any new homes they rent out meet a set standard of energy efficiency by the year 2018, and any existing properties by April 2020. An Energy Performance Certificate (EPC) includes information on the amount of energy a property uses, how much that energy typically costs, and how the energy usage could be reduced.

Landlords will have to comply with an Energy Performance Rating of C in accordance with the new legislation – the scale ranges from A (very energy efficient) to G (poor energy efficiency). The majority of new build properties have an EPC rating of B or C, and older houses can easily be boosted to a higher rating with a few changes round the house.

It’s quite hard for a home to achieve an EPC A rating unless the owners start producing their own electricity or hot water using solar thermal, solar PC, or air-source heat pumps.

Government analysis found that a good energy efficiency rating could add more than £16,000 to the asking price of a property. The easiest way to boost your property’s energy efficiency rating is by either adding cavity wall insulation or making sure your loft insulation is at least 270 mm thick.

Energy efficiency is important for both those looking to sell and those looking to buy, as it can benefit both financially. Buyers may regret not taking energy ratings into consideration when they are hit with their first winter bill at a new house. When looking to buy, a budget should be put together including mortgage repayment and bills for the whole year.

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Photo source: Instadecks.us http://bit.ly/2tA4oxB

Clean the dryer exhaust
A clogged vent is a potential fire hazard and a drain on your dryer’s efficiency. Make sure the exhaust is coming out while the dryer is running. If you don’t notice much exhaust, you may have a blockage, which is best determined and repaired by a professional. Vacuuming the vent will also help the dryer’s performance.
Clean and repair the deck
A thorough washing may be all it needs, but if your deck has loose boards, cracks or decay, it needs more work. If that’s the case, pressure wash it first. Always test for decay, especially in areas that seem to stay damp. If the wood is soft and spongy, or doesn’t splinter when poked with a screwdriver, your deck may not be safe to use. Also, look for small holes, which can be a sign of insects. If the deck coating has worn away, apply a waterproofing coating after cleaning.

Clean out gutters and window wells
Leaves, petals and seeds can accumulate in your gutters and window wells in the summer. Clear the debris to keep rain water draining properly and away from your home’s foundation. Also, make sure an animal hasn’t turned your window well into its home.

Inspect your roof
A very simple and easy way to inspect your roof without risking your safety: use binoculars. If you only need a few shingles replaced, a handyman may be able to replace them for a nominal charge. For extensive damage, you should contact a professional roofer.

Caulk the cracks
Check for gaps around windows and doors and reapply caulk to prevent leaks. Also, add weather stripping to doors. You’ll help your air conditioning system run more efficiently and will save money.

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Photo source: http://bit.ly/2FsqHH4

You’ve got the power!

It’s no secret that many of us are becoming much more conscious of how our actions are affecting the environment and the world’s energy resources. We’re a nation more in-tune with the detrimental damage these huge energy businesses inflict upon the environment and are now looking for ways to reduce our carbon footprint as much as possible. The energy we use in residential properties makes up about one quarter of the UK’s carbon dioxide (CO2) emissions.

Reducing the power used to heat and light our homes can be relatively easy. In fact, you must have been living on a desert island with no Wi-Fi for the last few decades if you’ve missed the many initiatives persuading us to do just that.

When doing our bit to lower green house gas emissions, it really does begin at home. Whether it’s subsided insulation, boiler scrappage schemes or cavity wall insulation initiatives, we’re fast waking up to the fact that we need to use less gas and electricity at home to reduce our carbon footprints.

But what measures can you take straight away (for example if you’ve just moved into a new property) to immediately have a quick and positive effect on your energy usage?

Here are the top seven quick fixes to reduce your carbon footprint, compiled with help from expert research from energy efficiency pioneers, the Centre for Alternative Technology in Wales.

1. Draught proof

Brrr…the only draught anyone should experience in the comfort of their own home should be from a freshly opened can of beer. These annoying blasts of cold air emanate from chimneys, windows and door frames, through letterboxes and cat flaps, skirting boards, between floorboards, and where pipes and cables come into a room. Pretty much any small gap or hole. They’re not just uncomfortable, but also mean you need to turn the heat up to stay warm, which means burning higher amounts of fossil fuels, in turn increasing your carbon footprint. Luckily, they’re easy to stop.

Fill gaps at skirting boards, between floorboards and around plug holes etc with sealant. Unused chimney? Board it up or use or a chimney balloon, a clever device that will block the flue, but burst harmlessly if a fire is lit. Install seals on openings such as windows, doors, cat flaps and letterboxes. These are available in all good DIY shops and fairly easy to fit.

Also, if the draughts are coming in through window frames, fitted thermal curtains will greatly reduce heat loss and keep the room nice and cosy – at least at night time.

However, never try and completely make a room airtight as some airflow is necessary, particularly if you have a real fire.

2. Central heating

Central heating is your ally in the war against chilly rooms and frozen toes, right? Indeed it is, but your heating system can also be your worst enemy in terms of energy efficiency and fuel bills. Make it more friendly to the environment and your wallet by fitting thermostatic valves that add extra control to the heat of each room. Not just on or off. That way you can have your living room nice and toasty, and your hallways or kitchen just warm enough to take the edge off the cold.

3. Hot water

A bit like all of us, hot water tanks really appreciate an extra jacket when the temperature falls. It’s an indirect way of reducing your carbon footprint, by keeping your water tank warm and cosy. Buy one from a DIY shop if you have an older cylinder system, and also remember to wrap all hot water pipes in insulating foam sleeves.

4. Lighting

Low-energy bulbs are now the only type you can buy due to EU legislation that banned the manufacture of the old-fashioned incandescent ones. Hardly surprising, when only 10% of the electricity they used was converted into light, with the rest turning to heat.

But which of the low-energy options available is best?

Compact fluorescent lamps (CFLs) are very efficient, using 75% to 80% less energy than incandescent bulbs, so a 20W CFL replaces a 100W (watt) incandescent. They’ll take a few second to reach maximum output, however.

But even these have been superseded by an even more efficient light; the LED. These are available to fit most fittings and are particularly good for replacing spotlights and dimmable lights. They are more efficient than CFLs and will save you more money in the long term, plus provide maximum light output almost instantly.

According to the Energy Saving Trust, both CFLs and LEDs are a cost-effective option for most general lighting requirements. And the energy savings aren’t just good for the planet. Replacing a traditional light bulb with an LED of the same brightness will save you about £3 to £6 per year. And by replacing all the bulbs in your home with LED alternatives, you could save about £35 a year on your electricity bills. They’re great for your carbon footprint and your pocket.

5. Fridges/freezers

Okay, not really a quick fix but worth considering if you’ve just moved into a new property and the previous occupants have kindly left kitchen appliances like fridges and freezers. Modern models are much more efficient, so if they are very old, try and look past their vintage chic and think about good old-fashioned economy and how much electricity they are gobbling up.

6. Laundry

Washing machines use their energy to heat the water they use, so use a low temperature setting whenever you can and try and always wash with a full load. Tumble-dryers use lots of energy too. If you can, use a washing line to dry clothes as often as possible. Before you hang out, spin to get rid of as much excess water as you can; a 500rpm spin removes about one-third of the water and a 1100rpm spin removes half.

7. Cooking

Did you know that a gas cooker usually creates less carbon emissions than an electric cooker? You do now. This is because burning gas directly may be a more visible way to create CO2, but generating electricity in fossil-fuel power stations creates way more. In fact, research has shown that a gas hob leads to about half the CO2 emissions of most electric hobs (electric induction ones are more energy-efficient). What’s more, gas is lots more controllable so less danger of burnt pans or saggy soufflés. If you’re choosing a new oven, gas will ultimately create less greenhouse gas and reduce your carbon footprint.

For more advice on how to reduce your carbon footprint and make your home more energy efficient, visit the Centre for Alternative Technology’s site or get more useful advice from the Energy Saving Trust.

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This is the ultimate way to get all the insights after a first impression! Guests will know exactly what type of personality the homeowner is judging only by the… book’s cover a.k.a. the front door.

Photo source: Pixabay
http://bit.ly/2oOyurQ

Black: elegant, powerful, and prestigious

White: simple, crisp, and pristine

Gray: timeless and classic

Navy: authoritative and trustworthy

Green: calm, quiet, and soothing

Red: commanding, dynamic, and engaging

Purple: dramatic

Yellow: warm, welcoming, and optimistic

Pink Lavender: youthful and spirited

Natural stain: rustic and comforting

Source:

https://www.elledecor.com/design-decorate/color/a18672144/front-door-color-reveal-personality-pantone/

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Photo source: Wikimedia http://bit.ly/2EWQ2N2

Working in London and living in the countryside? Maybe you’re one of those who are willing to spend some time on the road just to enjoy the quiet landscapes of areas outside London like Windsor, Surrey Hills, Colne Valley, Epping Forest, Lullingstone Country Park, St Albans or Brentwood?

Top 7 places to escape to and find your dream home

These would be our recommendations, too. What would you suggest we add on the list?

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