With the days growing longer and the weather showing signs of improving, landlords should take the time to carry out some maintenance work on their buy-to-let properties.
The property market in Birmingham can be very unpredictable. And before you’ve even got to the stage when you can buy a house in the area for the first time, you’ll normally have had to save for years and years. Now you’ve arrived at this point, you’ll want to be able to feel in control when going through the conveyancing process and for it to run as smoothly as possible.
Here’s 8 tips that can help you put to bed any stress when buying your first home in Birmingham.
An experiment conducted by insurance company AXA has revealed how sloppy photographs can alter the perception of a property in the eyes of the public – and can therefore make a home harder to sell, and possibly fetch a lower sale price.
So you’ve been preparing to sell your property, possibly for months, or even longer. You’ve cleaned up, decluttered, depersonalised, done some staging, and taken amazing photos. All those things are important when you’re selling. One thing that is neglected to be brought up with estate agents is the listing description. Writing a compelling listing will help ensure that your listing generates interest and produces showings that result in a sale.
In November 2015, George Osborne disclosed plans to restrain the buy-to-let (BTL) market, implying its growing attractiveness was leaving aspiring first time buyers contesting with landlords for the restricted number of properties on the market. One of things he brought in was that tax relief on BTL mortgages would be capped, starting in April 2017.
Before April 2017, a private landlord could claim tax relief from their interest on their BTL mortgage at the rate they paid income tax – (i.e. 20% basic /40% higher rate and 45% additional rate). What does this mean for current landlords, and is there any other options to reduce the amount of tax being paid?
Buying a home can be a difficult process and for many people, the process of getting a mortgage is the hardest aspect. There is a need to focus on your finances for a considerable period of time before you apply for a mortgage but even with this in mind, if you have a poor credit history, a mortgage lender may decline your application.
However, there is assistance for people looking to buy property and it is important to know what schemes are available to help people get a mortgage. The Government realises it is important to help people get on to the property ladder, and this is why there are a number of schemes that can make the difference in someone applying for a mortgage.
Many first-time homebuyers throughout the UK may feel like the prospect of purchasing their own property is a lifetime away. After all, research has shown a quarter of British people over the age of 50 still have grown-up children living at home. In addition, the property markets in some areas of the country appear to be heavily against buyers.
Needless to say, buying a home virtually anywhere in the country can be a costly and time-consuming process, but we’ve come up with some golden nuggets of advice to help aspiring homeowners get to where they want to be.
There are 23.36 million properties in England and Wales with 64% being owner occupied and 36% being rented either from a private landlord, local authority or housing association.