The festive season is not usually a busy period for the housing market, as potential buyers and sellers have other priorities and financial concerns. But, with several factors converging to drive up property sales, we’re expecting to see the busiest December in a decade.
The government’s Help to Buy scheme was launched in 2013 to offer people financial help towards buying a newly built home in England. Since it was launched, over 270,000 people have used the scheme to buy a home, of which 82% were first-time buyers.
Chancellor Rishi Sunak’s Spending Review address on 25 November contained stark warnings about the UK economy, with official forecasts now predicting the biggest economic decline in 300 years with unemployment set to reach 7.5%.
How to make your home a place you want to spend time
We’ve spent far more time in our homes in 2020 than in previous years. So, whether you’ve grown tired of your living space or discovered a love of home improvement in lockdown, you’re probably thinking about ways to change your home environment for next year. Here are some design ideas that fit with our changing lifestyles.
Pitfalls that first-time buyers should look out for
One of the biggest financial commitments you’ll make in your lifetime is buying your first home. If you’re nervous about making a mistake with this major purchase, here’s how to avoid some of the most common pitfalls for first-time buyers.
7 steps to give you the best chance of having your offer accepted
Making your first offer on a property can be a nerve-wracking experience. If you go too low, you could miss out on the home of your dreams. If you go too high, you could take on more debt than you need to. To help you decide how much to offer and give you the best chance of having your offer accepted, here are some tips.
Tips for buying renovation projects to improve your chances of success
Many people dream of investing in property and renovating homes to sell at a profit. And you can make that dream a reality, but it’s not easy. If it were, everyone would do it. Success isn’t guaranteed, but you can improve your chances by following these principles.
As temperatures drop water pipes in your home are at greater risk of freezing and bursting
It’s important to protect your pipes and taps from the cold. When temperatures are cold enough for snow and ice, the water inside exposed pipework and garden taps can freeze. As the water turns to ice, it expands.
Timelines for the different stages of a property sale
As we get closer to the deadline to buy before stamp duty returns to the normal rates (on 1 April 2021), many buyers are wondering how long it takes to buy a house, and whether they’re running out of time.
In the process of buying a property, you may encounter technical terms that you’re unfamiliar with. We’ve translated some of the common phrases that come up in conveyancing into everyday language, so that you can easily understand how they affect you.
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