Tag: Refurbishment
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The Real Cost of Fixer-Uppers Revealed
Have you ever dreamt of snagging a bargain property and transforming it into your dream home? Enter the world of fixer-uppers! These are properties that need a bit of TLC – think outdated kitchens and bathrooms, and décor that takes you back a few decades. They’re not for the faint-hearted, but if you’re up for…
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Home Improvements that Make Your House Harder to Sell
Selling your home in today’s market is no small feat. With property sales dipping 10% since pre-Covid times, it’s crucial to understand what features might turn potential buyers away. The Daily Mail has a guide, drawn from property experts’ insights, to help you avoid common pitfalls and make your home more appealing to buyers. The…
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UTB’s Latest Bridging Offers
UTB has reduced interest rates across their range of regulated and unregulated bridging finance products. This reduction is up to 14 basis points (bps) – a basis point is one-hundredth of a percentage point, so this is a notable decrease. For regulated standard and light refurbishment bridging loans, rates have dropped from 0.75% per month…
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Avoid These London Property Pitfalls in 2024 – Expert Tips for Homebuyers
Buying a home in London can be an exciting but daunting task, especially in the current economic climate. As we step into 2024, it’s crucial for homebuyers to make informed decisions to avoid costly mistakes. The Standard complied a breakdown of expert advice on the types of properties you should steer clear of in the…
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Basement Construction Boosts London Home Values
According to a revealing analysis by Foxtons, adding a basement to your London home could skyrocket its value by an astounding 54%. This increase is calculated based on the new living space created, turning previously unused square footage into a lucrative investment. Costs vs. Rewards Let’s break down the numbers. With the average price of…
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Key Strategies for Selling Your Home
Key points – The UK housing market is experiencing a notable shift, with London and nationwide prices seeing the most significant slowdown since 2009. This change, coupled with a decrease in property sales, is causing uncertainty among potential sellers. However, understanding the market dynamics and employing effective strategies can lead to successful home sales. The…
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CHL Mortgages’ New BTL Offerings
CHL Mortgages, a specialist in the buy-to-let sector, has recently revamped its offerings, which are now categorized into two main ranges: CHL 1 and CHL 2. This restructuring aims to provide more tailored options to different types of clients. The CHL 1 Range: For Those with Clean Credit The CHL 1 range is primarily designed…
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Success Story – A Landlord’s Journey
Felicia Flinders’ journey into property investment (featured in The Telegraph) was shaped by her challenging childhood experiences. After her parents’ separation, she lived in Nigeria with her mother and siblings, lacking a stable home. This instability continued upon their return to England, where they initially stayed with relatives before securing housing through Hammersmith Council. Felicia’s…
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Funding 365 Reduces Bridging Rates
Funding 365, known for its short-term lending solutions, has announced a significant reduction in its lending rates. This change primarily affects their residential bridging and light refurbishment finance options. Key Rate Changes These rates are particularly notable because they bring Funding 365’s offerings closer to the rates provided by specialist banks, making them a more…
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Landlords Embracing Greener Rentals in the UK, Claims Thinktank
The Social Market Foundation (SMF), a prominent think tank, has advocated for the revival of a plan to enhance the energy efficiency of rental properties. This initiative aims to align with the UK’s ambitious net zero emissions target by 2050. Understanding the Minimum Energy Efficiency Standard (MEES) The SMF’s recommendation focuses on raising the Minimum…