What are costs of having empty homes?

What are costs of having empty homes?

Housing Associations, Councils and Private Landlords can be left out of pocket with empty homes. There's a straightforward way to calculate the financial impact of renting out a property quickly versus leaving it vacant for long periods. Here's a step-by-step breakdown of the calculation: Calculation Components Lost Rent: The amount of rent not earned while the property is vacant. Maintenance...

How do mortgages work?

How do mortgages work?

So how do mortgages work? There is so much jargon around it can sometimes be quite hard to understand. It's a shame this sort of information is not taught in schools. So we've written this article to help first time buyers and those getting back on the property ladder understand how they work. Understanding the Bank of England Base Rate and Its Impact on Your Mortgage Buying a home is a dream for many...

Finding a Conveyancing Solicitor for Buying a House

Finding a Conveyancing Solicitor for Buying a House

Buying a house is one of the most significant investments you'll ever make. Whether you're a first time buyer, getting back on to the property ladder or downsizing, it's essential to ensure everything goes smoothly from start to finish. One key player in this process is the solicitor or conveyancer. They handle the legal aspects of your property purchase, ensuring that the transaction is legally sound and...

Council Housing List

Council Housing List

Council housing, a staple of social housing in England, offers affordable accommodation to those in need. If you’re considering applying for council housing, understanding the process and available schemes is crucial. This article will guide you through the steps to get added to a council housing list, explain how to apply, and provide a comprehensive list of choice-based lettings schemes across...

Can House Buyers and Sellers Use the Same Solicitor?

Can House Buyers and Sellers Use the Same Solicitor?

Buying or selling a house can be a complex and stressful process, with numerous legalities to navigate. One question that often arises is whether both parties can use the same solicitor. In the UK, this is indeed possible, but it's essential to weigh the pros and cons before making a decision. Let's delve into this topic further. Understanding the Role of Solicitors in Property Transactions Conveyancing...

How Rising Interest Rates Impact Your Mortgage Payments

How Rising Interest Rates Impact Your Mortgage Payments

Rising interest rates may impact your mortgage payments. This doesn't matter as to whether you're a recent first time buyer, got you foot back onto the property ladder or have had a mortgage for a long time. Depending when you got your mortgage you may be on monthly payments with low or high interest rate payments. As the saying goes, the only constant in life is change. One significant change that can...

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