Tips for downsizing

How to move to a smaller home made easier

For financial reasons or lifestyle reasons, it’s sometimes necessary to move into a new home that’s significantly smaller than your current home. While any move can be stressful or emotional, the motivations for downsizing can bring up emotions more than other moves. So, make the process as easy as possible with our tips.

Gifted mortgage deposits

Buying a home with a parent’s help

Many millennials rely on the Bank of Mum and Dad to help them get on the property ladder. The deposit required to secure a mortgage now is much higher than previous generations would have needed to save, so parents will often contribute some or all of it. If you’re considering this route to homeownership, either on your own behalf or your child’s, here’s what you should know.

Buying a flat in a converted office

What to consider before buying a PDR property

If you’re searching for property and have a limited budget, you may come across flats in your price range that have been converted from office spaces. These units, sometimes referred to using the acronym ‘PDR’, are often the cheapest homes in a particular location. While their low price makes them an attractive option to certain buyers, there are some factors you should consider before making an offer.

Moving home

What aspects of a home move can be overlooked?

Moving home is said to be one of the most stressful life events that we experience, though it’s a process many people go through multiple times. It’s no wonder that certain aspects of the move are often overlooked, but when these are discovered during the move, it only adds to the stress. Here are some of the most commonly overlooked elements of your move, to help you think ahead.

Pricing your property

Will pricing high or pricing right attract the best offers?

When you put your home up for sale, your estate agent will undertake a valuation and recommend an asking price. Many sellers are then tempted to start at a higher price, to see if this will attract a higher offer. The logic goes that you can always drop the price later if you need to. But is this the best strategy? Experts say no.

Mortgage porting

Can you keep your existing mortgage when you move home?

Mortgage lending rates have hit record lows recently, so for some people its been the right  time to buy or remortgage to secure a better deal. But when it’s time for you to move home, you might lose that deal. If you want to hold onto it, you could consider mortgage porting if your lender approves this.

How will the ‘new normal’ transform our homes?

Looking at how housing could change after the COVID-19 pandemic

It’s probably fair to say that we’ve all spent more time in our homes in 2020 than in any previous year – and we’ve been using our homes for new and different purposes. Some of those purposes are likely to continue for the long term and could transform the homes of the future. Here are some of the features we expect to see.

The UK’s most expensive streets

So where do Britain’s wealthiest people live?

Few will be surprised to hear that most of the wealthy in the UK live in London. Property portal Zoopla has recently reported the UK’s most expensive streets, creating a list of 12,545 addresses where the average property price is over £1 million. We reviewed the list to find out more about where the super-rich live.

Winter Economy Plan highlights

What you need to know about the Chancellor’s announcement

At the end of September, Chancellor Rishi Sunak announced a new Winter Economy Plan, with new measures to support businesses and individuals through the economic impact of the coronavirus pandemic, as well as extensions of current measures.