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Why the Big Boxing Day Bounce is Great News for Home Sellers
Picture the scene - it’s the day after the night before… Boxing Day!
The presents are all open, the wrapping all recycled, visitors entertained and time for a bit of festive telly. Or is it?
December 26 is traditionally a time when people relax and breathe a little easier knowing that Christmas Day has passed.
And while people would often use the day off as chance to lounge around watching Only Fools and Horses repeats or the original Wizard of Oz for the 48th time, the digital age sees us doing something different.
A lot of people will be sitting on their sofas, spending their downtime searching for things on their smartphones and tablets and according to statistics from property portal Rightmove more than 25million pages featuring homes were visited on their site during last year’s Boxing Day.
In 2018 Rightmove saw an increase in page views on their site of over 230% between Christmas Day and New Year’s Day.
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The cost of living keeps going up and up, there’s no doubt about that! The four main areas of ‘home admin’ are often some of our largest monthly outgoings; energy supply, mortgage, council tax and home insurances. If neglected, some of these costs can creep up over the years, so we have put together a quick advice guide on how to keep on top of your home admin!
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Are you thinking about putting your house on the market? Or, have recently launched your property on to the market? You are probably thinking about the best way to present your property for both marketing photographs and viewings. It only takes a few small changes to go a long way towards making a good first impression for your buyers.
Make something delicious!
We all love the smell of bread baking in the oven and coffee brewing in the kitchen. It will make your viewer feel welcome, familiar and at home!
Simplify Your Décor
You may love your bright red walls or rooms and furniture with your stamp firmly on it.
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Purchasing buy to let properties is one of the biggest and wisest investments you can make. If it is your first investment property you might be unsure of how it works, to make it easier for you, we have put together a guide of things you may need to consider:
1. Weighing up your obligations of becoming a landlord
It is important that you go into this sector with your eyes wide open, knowing your legal rights and obligations as a landlord and similarly your tenant’s rights and obligations too. Not only this but it is crucial to be aware of the potential risks associated with letting your property out and ensuring that you have done everything you can to firstly prevent things from happening and secondly to safeguard yourself and your investment in the eventuality that something did go wrong. Some issues to consider are how to serve relevant notices or draw up tenancy agreements, referencing tenants, dealing with problematic tenants, chasing rent arrears, registering deposits and dealing with damages disputes. There is plenty of useful information out there for landlords on the Citizen’s Advice Bureau and the Government website.
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We have had a couple of confused buyers recently so we thought we'd put together a helpful blog about the current stamp duty guidelines. Its true - stamp duty has got a little bit more complicated over the last few years but don't panic! We are going to try and make this as simple as possible so that you know exactly where you stand when it comes to
A) whether or not you have to pay it, and
B) if you do - how much will you have to pay?
Firstly, its important to establish which one is applicable to you...
IF YOU ARE A FIRST TIME BUYER...
You can claim a discount (relief) so you don’t pay any tax up to £300,000 and 5% on the portion from £300,001 to £500,000.
NB: You’re only eligible if you, and anyone else you’re buying with, are first-time buyers
If the price is over £500,000, you follow the rules for people who’ve bought a home before.