Estate Agents In York

Friday, October 23, 2020

Nine top tips for renting a property Nottingham Estate Agents

The private rented sector of the UK property market has grown dramatically since the late 1990s and the growth is predicted to continue. OnTheMarket’s renting guide Private rentals accounted for 4.7 million or 20% of households in England in 2016/17, more than doubling in number since 2002 (Ministry of Housing, Communities & Local Government, July 2018). […]

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How first-time buyers are working together to get their deposits

StepLadder is a type of savings club that could speed up your plans to buy a home – but there are risks

  • Mortgage for average first-time property needs income of £37,096
  • Mortgages: how to get a loan as lenders pull up the ladder
  • It can take years for many people to save up enough cash to get on the property ladder – so what if there was a way to dramatically cut the time it takes to raise a deposit, perhaps down to as little as a couple of months?

    Such a scheme does exist in the UK. It is called StepLadder and it allows people to team up with other aspiring first-time buyers in a sort of savings club. Everyone regularly pays in the same amount and each month one member is picked at random and receives all of the cash in the pot, which could be the full amount they need for their deposit.

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    Mortgage for average first-time property in Great Britain needs income of £37,096

    Figures covering England, Scotland and Wales show problems of getting on housing ladder

    At first glance the housing market appears to be thriving: for sale signs are being replaced by sold signs more quickly than ever, estate agents are reporting a surge in the numbers of would-be buyers signing up and the prices properties are being listed at are continuing to climb.

    Things may slow down as parts of the country go into lockdown and housing markets are effectively shut but record low interest rates combined with a stamp duty holiday are putting more money into the system.

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    Mortgages: how to get a loan as lenders pull up the ladder

    First-time buyers face significant hurdles and high interest rates in their search for a home

  • Mortgage for average first-time property needs income of £37,096
  • First-time buyers work together to get their deposits
  • The Bank of England is preparing for another interest rate cut, which would put already historically low rates into negative territory. But for first-time buyers, the reverse is true and mortgage rates are rising. To make matters worse, some lenders have introduced restrictions against mortgages on flats as they worry about price falls.

    Before the coronavirus pandemic struck, loans for first-time buyers were plentiful, with many banks willing to advance as much as 95% of the purchase price and the best deals carrying an interest rate of only 2.6% a year.

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    The Guardian view on the pleasures of autumn

    It will be a difficult winter, but the natural world brings small, precious consolations

    As different parts of the UK find themselves under varying degrees of restriction, as indoor pleasures dwindle for many, the outdoors may provide some shred of solace, some healing connection to nature. Impervious to human travails, autumn happens to be putting on a particularly spectacular extended show this year, thanks to a damp August and sunny September. In some parts of the UK acers, or Japanese maples, are now entering the period of their most vivid crimson pomp; Amelanchier lamarckii, or the juneberry, is shedding its delicate apricot autumn foliage to reveal its handsome dark branches; oaks are on the turn towards a warm yellow.

    Observing this seasonal drama is called momijigari in Japan – or “leaf-peeping” – and the National Trust notes that the British are becoming more susceptible, at this time of crisis, to its pleasures. It is also a remarkable year for apples and honey-scented quinces – indeed, for fruit and berries of all kinds, from rowan and sloe to spindleberry and holly. For those lucky enough to have a garden, raking is now a seasonal task and ritual, the rich scent of rain on fallen leaves a small pleasure to be savoured. To plant daffodil bulbs and sweet pea seeds is to engage in small acts of optimism and expectation – it is to insist that there is something to look forward to.

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    The Guardian view on the pleasures of autumn

    It will be a difficult winter, but the natural world brings small, precious consolations

    As different parts of the UK find themselves under varying degrees of restriction, as indoor pleasures dwindle for many, the outdoors may provide some shred of solace, some healing connection to nature. Impervious to human travails, autumn happens to be putting on a particularly spectacular extended show this year, thanks to a damp August and sunny September. In some parts of the UK acers, or Japanese maples, are now entering the period of their most vivid crimson pomp; Amelanchier lamarckii, or the juneberry, is shedding its delicate apricot autumn foliage to reveal its handsome dark branches; oaks are on the turn towards a warm yellow.

    Observing this seasonal drama is called momijigari in Japan – or “leaf-peeping” – and the National Trust notes that the British are becoming more susceptible, at this time of crisis, to its pleasures. It is also a remarkable year for apples and honey-scented quinces – indeed, for fruit and berries of all kinds, from rowan and sloe to spindleberry and holly. For those lucky enough to have a garden, raking is now a seasonal task and ritual, the rich scent of rain on fallen leaves a small pleasure to be savoured. To plant daffodil bulbs and sweet pea seeds is to engage in small acts of optimism and expectation – it is to insist that there is something to look forward to.

    Continue reading...

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    London is the wild west of the global property market – and it needs a sheriff | Simon Jenkins

    We must legislate to curb the overseas tycoons buying up apartments and leaving them empty

    One of the biggest property tycoons in London is the president of the United Arab Emirates, Sheikh Khalifa bin Zayed Al Nahyan. The Guardian revealed last week that he owned around £5.5bn of real estate in the city. This covers streets and buildings in Mayfair, Knightsbridge and Kensington, and may be more valuable even than the London holdings of the Grosvenor Estate, surpassed only by the Crown.

    For a foreign head of state to secretly possess so much property in any capital is bizarre and presumably of security concern. When his regime is dictatorial and believes in the use of torture, enforced disappearance and imprisoning government critics, it should be triply unwelcome. Imagine the outcry if the owner was revealed as Vladimir Putin or Kim Jong-un.

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