Tag: Conveyancing
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First-Time Homebuyers Get a Little Help from Government Schemes
According to a revealing survey by Uswitch, a staggering 50% of first-time buyers in the UK made their way onto the property ladder thanks to government initiatives. The First Homes Scheme stands out as the superhero here, aiding 36% of the surveyed buyers in their journey to homeownership over the past two years. First Homes…
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Scotland vs England for Property Sales Collapses
The property market in the United Kingdom can vary dramatically in different areas and countries, particularly when comparing the stability of property sales in Scotland versus England. Recent data highlights a significant difference in the frequency of property sale collapses between these two regions. Scotland’s Lower Rate of Property Sale Collapses According to research from…
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Buy-To-Let Still Giving 8% Returns in Some Areas
With rising interest rates, sterner regulations, and a tax squeeze, many prospective landlords are questioning the viability of their investment dreams. Yet, research from digital mortgage lender Molo Finance suggests that by picking the right locations, investors can still reap yields nearing an impressive 8% in England and Wales. Understanding Property Yields Before diving deeper,…
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Leasehold Properties – The Pros and Cons of Buying One
Leasehold properties can trace their origins back to Victorian England. During this era, the burgeoning middle class sought to invest in properties, but the freehold title (ownership of the land) was typically retained by aristocratic families. This historical fact is one reason a large part of central London remains under the control of a select…
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Put Your House on the Market This Week if You Want to Sell by Christmas
Want your house sale agreed upon before December 25th? Well, the clock is ticking, and it’s crucial to act promptly. A top property website emphasizes the necessity for sellers to list their properties immediately if they’re aiming for a pre-Christmas sale. In a detailed analysis by The Homeowners Alliance, based on property sales data over…
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Gazumping: A Buyer’s Guide
For many, purchasing a home is a significant milestone. It’s often the culmination of years of hard work, saving, and planning. However, the journey from deciding to buy a house to actually securing the keys can be fraught with challenges, not least of which is a phenomenon known as “gazumping.” Gazumping occurs when a seller,…
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Could the UK Learn From the Danish Property System?
An article in The Telegraph discusses the differences between the property buying process in the UK and Denmark, arguing that the UK’s system is in need of reform. The author presents two case studies: Sarah from Denmark who was able to complete the purchase of her flat within weeks, and Rory from the UK who…
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Is This a Good Time to Downsize?
The Telegraph looked at the potential benefits to be gained from downsizing your property at the moment. The Current Economic Climate: Why Consider Downsizing? The Big Picture on Downsizing: Expert Opinion: Ian Cook advises not to get too hung up on the timing of the market. Downsizing can offer a tax-free sum for retirement since…