Blogs

Shared Ownership was ‘so easy’ for Tooting resident

Shared Ownership was ‘so easy’ for Tooting resident

Two years ago, Aveen Kelly, 32, was given the opportunity to learn more about how Shared Ownership works, a result of her employer Wandsworth Council’s efforts to encourage buyers in the community to consider the scheme.

Armed with her knowledge of Shared Ownership - which enables first-time buyers priced out of the open market to purchase a share of a property and pay rent on the remaining share - she discovered XVII, a new Shared Ownership development in Tooting, South London, comprising one and two-bedroom homes. 

 

Aveen wasted no time in contacting Thames Valley Housing, as the homes were close to where she was renting with friends.

12 pieces of advice for first time buyers

12 pieces of advice for first time buyers

Buying your first home can be a daunting task to undertake. From working out where to buy, through to actually moving in, there is a lot to consider and not a decision that should be rushed.
 
So to help here are our 12 key pieces of advice when buying your first home:
 
1.       Don’t be rushed into buying by a pushy estate agent. They will often arrange ‘open days’ where they will invite several prospective purchasers to view at the same time. This is designed to create emotional fear that someone else will make an offer before you do.
2.       Set your limit and don’t go above it. There will always be another property in another street or another town that will suit you.

Best in show: Alexander James' 5 interior design tips to bring show house style to your home

Best in show: Alexander James' 5 interior design tips to bring show house style to your home

With spring sales in full swing in many shops, now is the perfect time to take a critical look at your new home and make a few changes to bring it up to show house standard.  

 
"Bringing glamour and style to your home doesn't have to be about making big changes. There are a few simple tips and tricks that can make a big difference. Try to step back and take a fresh look at your rooms. Which features and objects stand out? How do they coordinate with the other items in the room? What feeling does the room give you? Once you take a long, hard look at your home, you'll be able to identify which colours and objects dominate it - and to change them if necessary."

Stacey Sibley, Creative Director, Alexander James Interior Design
 

Property Priorities: New homeowners will kip on the floor for a month

Property Priorities: New homeowners will kip on the floor for a month, but candles and cushions are unpacked within a week

·         For 57% of homemovers, the kettle is the first item that is unpacked
·         Over half (57%) of new homeowners set up the Wi-Fi router within 24 hours
·         A third (32%) of homemovers will live without a wardrobe for a fortnight or more
 
One in twelve (8%) UK homeowners admit they slept on the floor for a month or more after moving into their new home, according to a new study by UK housebuilder Redrow.
 
The research, which polled almost 2,000 homeowners, looked into how we approach the challenge of setting up home and asked questions about priorities and unpacking that all important first box.
 

Why Rent When You Can Buy?

Why Rent When You Can Buy?

If you’ve always dreamt of owning your own home, you could find that taking those first steps onto the property ladder are more affordable than you think, with a Help to Buy scheme.

New figures compiled by Strata Homes show that buying a home is often cheaper than renting, especially with the government’s Help to Buy scheme.*

Using data from Zoopla, we’ve compared the price of renting a two-bedroom home against buying a 2-bedroom new build home, both with and without a Help to Buy equity loan.  This is where you only need a 5% deposit for your new home, which the government will boost by a further 20%. You’ll only need a mortgage on 75% of the property price, making it an affordable alternative to renting.

Home Buyers Myth-Busters

Home Buyers Myth-Busters

You don’t need to get a home inspection – FALSE

It’s all too easy to forget that you should have someone (a professional) check a home is safe, especially before you move in with all of your worldly possessions. Astoundingly, only 1 in 10 homebuyers surveyed by CORGI HomePlan considered it to be important to get a professional inspection that to avoid nasty surprises later on!

 

Your home inspection is covered in the mortgage lenders survey – FALSE

28% of people believed that a home safety inspection was covered by the mortgage lenders survey. Sadly, it’s not. Set aside a budget for an inspection because let’s be honest, you can’t put a price on your safety.

 

Two In Three Home Buyers Carry Out No Gas Safety Checks

Two In Three Home Buyers Carry Out No Gas Safety Checks

Buying a house is the biggest investment anyone makes in their lifetime - yet two in three people don’t know if they are purchasing a potential death trap.

 New research carried out by CORGI HomePlan has uncovered a shocking lack of safety checks being carried out by home buyers.

 And with 1.2million property transactions taking place in the UK each year *, this means 800,000 homes are at risk of a life-threatening gas incident, such as a carbon monoxide leak, or expensive repairs to boilers, fires, radiators and cookers.

 

First time buyer? Don’t forget your last will and testament….

If you’re a first time buyer, you can be forgiven for not thinking of writing your last will and testament, but it’s incredibly important to do so.

It’s a given that as a first time buyer, you’ll face a steep learning curve. You have to make sense of mortgages, conveyancing, valuations, surveys and much else besides and all this amidst a skyrocketing property market. 

Given all this you might overlook preparing your will as well, but you are well advised not to; this article explains why and how to go about it.

Why bother making a will?

Is Shared Ownership Right For You?

Is Shared Ownership Right For You?

By Amy Nettleton, assistant development director – sales & marketing, Aster Group

To help you decide whether shared ownership is for you, we’ve answered some of the most frequently asked questions

How does it work?

Through a housing provider like Aster, you buy a share of a property and pay rent on the part you don’t own. We offer a range of shared ownership properties across the south of England, most of which are brand new. Depending on the type of property and the location, you can start off by buying a share as low as 25% and deposits can be less than £2,000 for a £150,000 home.

Am I eligible?