Blogs

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?

A homeowner’s checklist: Seven things you should do at least once a year

A homeowner’s checklist: Seven things you should do at least once a year

Whether you’ve been a homeowner for a while, or have just stepped onto the property ladder as a first-time buyer, there are certain tasks that need to be carried out on an annual basis. They might not be ‘fun’ but they’re necessary in order to ensure your house stays in tip-top condition and looking its best - what’s more, regular maintenance will prevent you from having to fork out for emergency repairs later down the line.

 

Carry out a good old spring clean

The Ideal Home Show Gets A Makeover For 2017

The Ideal Home Show Gets A Makeover For 2017

Fresh ideas for your home, for 17 days, for 2017

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When: 24th March – 9th April 2017

Where: Olympia, London

 

The Event: 

The Ideal Home Show, sponsored by Zoopla, is returning to London's Olympia with a fresh face, new interactive features and four brand-new live theatres. As ever, the show is set to provide the ultimate shopping experience with everything you need to update your home for the year ahead as we step out of the dark mornings and move into the Summer months.

 

What is Shared Ownership?

What is Shared Ownership?

Does it mean you have to share a house with someone?

“Shared Ownership is associated with a number of perceptions. For some people, the phrase might bring back mildly alarming memories of living with housemates and their accompanying clutter. For others, the idea of owning only part of a home is simply less preferable to owning all of it. Shared Ownership however, makes home ownership more accessible, not through the lending of more money like in other Help to Buy schemes, but by allowing the buyer to borrow less.”

 

Is Shared Ownership more affordable than other schemes?