Category: Purchase
The legal aspects of taking in a lodger
With interest rates and mortgage rates continuing to rise, taking in a lodger can be an attractive option for homeowners looking to make a regular monthly income. However, it is important to approach the situation cautiously. There are a number of points that you need to be clear on and you will need to check...
Two-thirds of homebuyers avoid areas of high air pollution
A new study has found that 63% of those buying a home actively chose to avoid areas with high levels of air pollution. With increasing concern over the hazards of air pollution, buyers are looking for healthier homes. Long-term exposure to air pollution can reduce life expectancy as a result of cardiovascular diseases, respiratory diseases...
Buying a property with a septic tank or cesspit
If you are thinking of buying a property that is not connected to the main sewerage system, it is likely to have either a septic tank or a cesspit. We take a look at what you need to be aware of if you are considering purchasing a home that has no mains drainage. Properties without...
Why do I need a drainage and water report?
For house and flat buyers, a drainage and water report is always recommended and it is also usually a requirement of the mortgage lender. We take a look at the information it provides. If you are buying a property, you will be advised to have a range of searches carried out, checking on a large...
Property market improves for buyers as sellers forced to cut £14,000 from prices
Following a period of high prices, the property market has cooled, leaving those wishing to sell having to cut their asking prices by an average of £14,100 to secure an offer, according to online property portal Zoopla. Zoopla’s House Price Index, released on 28 February 2023, found that house price inflation had dropped from 8.5%...
The effect of holiday letting on the property market
Short-term lets, such as those offered by Airbnb and other holiday lettings agencies, are increasingly affecting the property market, in particular in coastal and other popular tourist areas. Airbnb gives property owners the opportunity to let out their home or rental property to holiday makers and those looking for somewhere to stay in a city....
Research reveals which street names are most popular with buyers
New research into street names has found which type of road name is most popular with buyers and which streets are the priciest. Lucky homeowners living in a street ending with ‘Hill’ or ‘Garden’ have the highest average home prices, according to a study by estate agent comparison site, GetAgent.co.uk. The research looked at trends...
What to check during a second property viewing
Your first viewing of a property will give you a general impression of the condition of the home, its location and the layout and size of the rooms and garden. At a second viewing, it is time to take an in-depth look to make sure there are no nasty surprises later on. After your first...
Tips for being successful with buy-to-let
If you are considering purchasing a property to rent to tenants, you need to take steps to ensure your investment gives you the return you need. We take a look at some tips to help you succeed. Buy-to-let is less popular than it has been in the past due to higher mortgage rates and a...
