Blogs

Help To Buy Property Tips from a Conveyancing Expert

Help To Buy Property Tips from a Conveyancing Expert

I know from experience that the process of moving into your new home can be a very anxious and exhausting time, both physically and mentally. There is the obvious excitement of finally moving in, but also the worry of being able to afford everything you need to furnish and decorate the home how you want it, and of course the considerable weight of taking on the burden of a mortgage.

 

These anxieties come after you have decided to take the plunge and enter the property market for the first time, which is a pretty seismic decision in itself. I have experienced many meetings talking to young couples and young professionals, who are worried about being able to afford mortgages and all the other fixed costs that come with a property purchase.

 

London Home Show

London Home Show

If you're a first time buyer looking for help to get on the property ladder, register for the London Home Show Spring 2017 on Saturday 18th March 2017.

 

The London Home Show, supported by the Mayor of London,  is the major event for first time buyers in London and attending the event is the best way to get all the latest information on the affordable home ownership market in the capital.

The London Home Show is FREE to attend. It takes place at the Queen Elizabeth II Centre, Westminster, from 11am - 5pm. This is a ticket only event, so please register if you wish to attend.

 

Click here to register

 

Helping your children buy a home

Helping your children buy a home

House prices are high, wage inflation is low and rents are amongst the most expensive in Europe. It’s no surprise that we are seeing an increasing number of parents helping their sons and daughters to buy their first home.

Boosting your child’s deposit is vital to helping them get a more affordable mortgage rate. Getting a mortgage with a 5% deposit is difficult and still relatively expensive even with 10%.

So what are your options when helping your children onto the property ladder?

 

Gifted Deposits

The most common way we see parents helping their children to buy is by simply giving their children money towards part/all of the deposit, this is called a ‘Gifted Deposit’.

Family Homes launch at Iconic East London Former Dog Track

Family Homes launch at Iconic East London Former Dog Track

Stadium Place www.lqpricedin.co.uk/stadium-place
 
L&Q has launched Brook Houses, the final phase of 4 bedroom Shared Ownership houses at Stadium Place, the site of the historic Walthamstow dog stadium. The contemporary homes offer families a chance to own a piece of London history, with properties set behind the former stadium’s iconic Grade II listed wall of neon lights.
 

New waterside homes close to Crossrail property hotspot launching 10 February

New waterside homes close to Crossrail property hotspot launching 10 February

*Properties in WD are tipped to increase by 3.3% per year above local house price growth up to 2019
*West Drayton will see commute times virtually halved with a typical journey time of 56 minutes to Liverpool Street cut to just 31 minutes
*Properties priced from £219,995

 
Union Park is a brand new collection of homes set in a stunning waterside location on the banks of the Grand Union Canal.  Aqua House is the first phase to be released at Union Park consisting of 118 luxuriously appointed apartments - a mix of studio, 1, 2 and 3 bedroom properties ranging from 310 – 1,370 sq feet in size.
 

How Technology is Changing How We Sell Our Homes

How Technology is Changing How We Sell Our Homes

As we all know, technology is changing everything, from how we speak to each other to how we consume products. Let's put it into perspective, the world’s biggest taxi firm, Uber, owns no cars. Airbnb owns no hotels and the world’s largest media distributor, Facebook, creates no content. Our attitudes to who we trust and how we spend our money have been fundamentally altered.

This has also spread to the property industry. Over the past few years, attitudes to selling your own home have changed dramatically. No longer is someone in a pinstripe suit showing people around your home the only way to sell. And rightly so, as the homeowner, you know your property better than any traditional estate agent, so why wouldn’t you show potential buyers around your home?

 

First Time Buyers – 5 Key Considerations for First Time Buyers

First Time Buyers – 5 Key Considerations for First Time Buyers

Research the location

In a recent Daily Mail survey, 58% claimed the location of their new home is what made them fall in love with the property. Whilst location is consistently top on the list of home buyer priorities, that doesn’t mean you shouldn’t look around at other properties in similar or ‘less desirable’ areas in order to form an impression of what is available for your budget.

If you have an area chosen, do your research. Go visit at different times of the day/week, visit the surrounding areas, visit the local shops, try the local restaurants etc… areas may be quiet during the week but an active social hub during the weekends. You will be living there a long time, make sure the day to day works for you.

51% of Brits reveal that the main driver behind buying a home is “it had to feel right”

 51% of Brits reveal that the main driver behind buying a home is “it had to feel right”

Buying a house is one of life’s biggest milestones, one which is usually very carefully considered. However, recent research1 has revealed that most of the nation’s property purchases are based on just a “feeling.”

A new survey of nearly 2000 British homeowners by leading house builder Redrow, has found that the main emotional reason behind our property purchases is “it had to feel right.”

 

Surprisingly, over a third (38%) make their decision with no influence from family or friends and only 10% say they wanted their mum and dad to like it.

However, old-fashioned and traditional family values do still stand, as over a quarter (26%) of Brits say they chose a house where they could imagine raising a family.

 

Top tips for buying a Shared Ownership property

Wendy Hegarty, Partner, Red Loft Sales

by Wendy Hegarty, Partner, Red Loft 

Shared Ownership has grown in popularity over the past decade and is now one of the best ways to buy, particularly in an area you never thought you could afford to live in. Shared Ownership schemes work by enabling homebuyers to purchase a share in a new home and pay a subsidised rent to the housing provider on the remaining share along with a monthly service charge. 

Home Buyers can own an equity share in the property, anything from 25% to 75% dependent on what is being offered by the vendor and what the financial assessment has deemed the buyer can afford. Additional shares in the property can be purchased at any time; this process is known as staircasing.