Blog

Ever since the referendum which took place 23rd June 2016 (Brexit UK Property Market) and the surprising result of the vote. The imaginatively named Brexit (Britain EU Exit) has been on the lips of many and ringing in the ears… After last nights 2:1 vote of no confidence in...

Landlords and property managers should prepare property for winter to avoid expensive repairs by carrying out routine maintenance checks. Gutters, drains and roofs Clear them from debris such as leaves and mud to minimise the risk of water damage. Planning six-monthly checks of...

We’ve been eagerly anticipated conservative budget 2018. With some reassuring news for the housing market, first time buyers and the North. Overall The recent budget has confirmed the government’s dedication to the Northern Powerhouse and deliver new property policies...

New HMO Rules The government has introduced new HMO (Houses of Multiple Occupation) rules. Effectively meaning almost another 100,000 private sector properties will need to be licensed with their local council. Previously only houses of more than three storeys and with five or...

BOE rates highest since March 2009 The BOE rate rise from 0.5% to 0.75% may seem small, but it marks the most significant rise in borrowing costs since March 2009. Many mortgages will rise in cost, but savers will be looking forwards to slightly better returns. The last increase...

Lifetime mortgage or retirement interest-only? A recent mortgage option for older homeowners has become available, retirement interest only (RIO). Effectively the borrower pays monthly interest until they sell their home, go into care or die. At which point the property is sold...

Empty Homes The number of empty homes (vacant more than 6 months) has risen for the first time in 10 years to more than 205,000 with an estimated value of £50bn, according to government data. At the height of the financial crisis long term vacant homes in the UK were in the...

Spring Statement The Chancellor of the Exchequer delivered his Spring Statement reaffirming the government’s commitment to oversee the building of 300,000 homes annually. The Chancellor also announced 26,000 new affordable homes in the capital. He also highlighted that...