Sales

Irreverently known as the ‘Bank of Mum and Dad’, cash contributions from parents and even grandparents are on the rise. In fact, an estimated £25 billion is expected to be lent to children over the next three years, with almost half of all first-time buyers having to rely on family to fund part or all of their deposit.

The majority of homeowners and prospective movers will have a mortgage as part of their property plans, therefore it’s important to keep tabs on both interest and mortgage rates. In August 2022, the Bank of England increased the interest rate by 0.5 percentage points to 1.75% – the biggest increase in 27 years. 

We use the expression ‘first impressions count’ for good reason and potential buyers faced with an exterior that’s cracked, flaking and grubby will make quick assumptions about your property.

It won’t have escaped your notice that outside space on its own is one of the best ‘added value’ aspects of property, with a well-kept garden widely believed to add between 10% and 20% to a home’s value. 

Whether the property market is running hot or cooling down with the seasonal shift, buyers will always have a vision of what they want their next home to be – and your property for sale might be full of off-putting aspects.

If there’s one agenda that won’t be pushed to the bottom of the pile, it’s the eco agenda. How much energy we use, where we get our energy from and what we can do to reduce our carbon footprint is a narrative that has become persistent in the property market. 

Data analysis by HBB Solutions found that a chain-free home carries an average property price premium of £23,131, with buyers willing to pay extra for a simpler and quicker sales transaction. 

You may be excited to receive an offer on your property – and perhaps even feel pressured to accept it – but in a good market such as we’re experiencing now, there should be multiple offers. With the support of our skilled negotiators, you can agree the very best offer for your personal circumstances.

More commonly known as a ‘fittings and fixtures’ or ‘fittings and contents’ form, a TA10 is completed by the seller so they can clearly identify what’s included in the sale and what is going to be removed. 

There are a couple of phrases that strike fear into the hearts of property sellers – ‘serious subsidence’ and ‘negative equity’ being two of them. Another phrase you never want to hear is ‘Japanese knotweed’, but is having this invasive plant among your borders really a property death sentence?

After staying the same for the last three years, the Bank of England decided to use its December 2021 meeting to start raising the interest rate from its record low of 0.10%. The widely predicted move comes as inflation continues to rise – something monetary policy makers hope to stop.

If you’re a first-time buyer, putting down a deposit is part and parcel of purchasing your first home. We all know the bigger the deposit the better but how can buying novices save effectively in 2022?