What first-time buyers need to ensure they have in place when buying a new home

When buying your first property, it’s easy to get overwhelmed at the sheer amount of admin involved. From arranging mortgages to fishing out old pay slips, buying your first home can be stressful at best. We’ve put together the New Homeowner’s Checklist to help you make sure that you have everything ready to complete your purchase. Take a look at our guide below to discover more about what you need to have in place when buying your new home. Mortgage Your mortgage is probably the most important thing to have sorted in plenty of time before buying your new house. Do lots of homework to figure out how much you can borrow, and where the best deals are to take advantage of. A mortgage broker can be a great source of advice, and can help you navigate the process more easily.It’s a good idea to double check what size of...
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Northern Ireland house purchase and remortgage activity up in third quarter

New CML data on the characteristics of lending in Northern Ireland in the third quarter of 2015 breaking down mortgage lending activity for first-time buyers, home movers and remortgagors. Lending in the third quarter 2015 Home-owner house purchase activity increased to 3,600 loans - up 16% on the second quarter and 6% on the third quarter in 2014. First-time buyers and home movers saw similar trends to each other with both increasing quarter-on-quarter and year-on-year. The number of loans for remortgage remained the same quarter-on-quarter at 1,700 loans, but up 55% in volume compared to the third quarter 2014. Derek Wilson, CML chair for Northern Ireland, commented: The increased house purchase activity is encouraging especially as it is driven by those purchasing their first homes. Affordability conditions are relatively good in Northern Ireland compared to the UK overall, so there is potential for further growth to close out the year. Remortgage activity is coming from a low...
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Tips on Selling Your Property Quickly

When it comes to selling your home, you may not always have the luxury of time. Life has a habit of disregarding our plans, throwing events and happenings into the mix that we could never have foreseen. Bereavements, unexpected redundancies, failing businesses, and more can all necessitate the need for a quick sale, and they’re not always something that you can handle exactly as you would like. This means that having an action plan in place can prove invaluable when it all feels like it’s starting to fall apart. There are always ways to force the outcome that we require, and in the case of a rapid turnaround, there are lots of tactics that will help you to secure the sale you’re relying on. Here are just a few of them to help you… #1: Price Your Property Realistically One of the most effective ways to secure a quick sale is...
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New Manchester Development Seeks Buy-to-Let Investment

In the busy urban market of Manchester, demand for rented properties is high and this has made it a popular destination for domestic and international buy-to-let investors. Now Grove House, a new development of modern apartments in a prime residential area, is seeking property investors and aims to soak up some of the citys excess demand. Grove House is an existing building, but with a commercial rather than residential past. Nonetheless, it is located on an excellent site in a popular residential area – Old Trafford – making it a prime choice for residential use. Now, with the help of funds from buy-to-let investors pre-purchasing apartments, it is set to undergo a conversion, and be transformed from the commercial complex that currently stands to a modern, high-quality apartment complex. The finished development will contain a mixture of one- and two-bedroom properties aimed at young professionals and small families. Investors are...
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Wales house purchase lending up 9% in 2014

New CML data on the characteristics of lending in Wales in the fourth quarter of 2014 show it remains largely consistent with the previous two quarters of lending.
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Gross mortgage lending steady in September says CML

There is growing evidence that mortgage lending activity, and the housing market, are sitting on a plateau.
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Free tickets to the Northern Homebuilding & Renovating Show

The Northern Homebuilding & Renovating and Home Improvement Show – an exciting event now for both self-builders and remodelers Harrogate International Centre, 7-9 November 2014.
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Lending in August is 3% down on July say CML

New CML data shows that lending is down slightly compared to July.  The first month-on-month drop in house purchase lending volume since February this year.  Monthly highlights: First-time buyer lending declined in August compared to July, with 28,900 first-time buyer loans - 4% fewer than in July but 9% up on August 2013. By value, there was £4.4 billion of lending to first-time buyers - 4% down on July but 22% higher than August last year. Lending to home movers also declined, with the number of loans advanced to movers totalling 36,500, a 3% fall on the previous month but up 7% on August last year. By value, lending to movers totalled £7 billion, 3% down on July but up 17% on August last year. Remortgage lending activity saw a decrease month-on-month and also year-on-year in August. The number of remortgages in August was 4% down on July and 11% down on the same month last year. The value of these loans (£3.7 billion) was down 5% on the previous...
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Strong increase in lending to individuals

The Bank of England’s Money and Credit statistics were released this week and show a strong increase in lending to individuals. The figures specific to property, or ‘Dwellings’ as the bank terms it, are also strong.
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6 DIY Budget-Friendly Kitchen Makeover Ideas

If it looks like your kitchen is stuck in the past, or if it just looks boring or bland, you’ve probably thought about renovating it. It can be very expensive to renovate your kitchen. However, you shouldn’t let this hold you back. There are plenty of ways you can breathe new life into your kitchen and not break the bank. Here are some ideas I would recommend looking into as an option. The Miracle of Salvage and Second Hand One of the more simple ideas to give your kitchen a makeover is to salvage old pieces of furniture and place them in your kitchen. For example, one idea is taking an old machine shop table and place a butcher’s block on top of it to create a tiny island. You could take old bar stools and set them up by an empty counter to turn it into a mini bar....
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House Purchase Lending up 33%

The Council of Mortgage Lenders reported that house purchase lending was up 33% in July, compared to last year. It also showed that lending is predominantly for house purchase rather than remortgage.
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Tips for Getting Your First Mortgage

The task of securing a mortgage is a difficult one, especially if you are new to the industry and it is your first time. With so much volatility in the housing market and so much jargon and detail to digest when youre looking to purchase your own property, it can seem like a daunting task to try to master it all. However if you take each step one by one then you will be able to get your first mortgage with ease.
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House purchase lending steady despite MMR

The Council of Mortgage Lenders has reports steady growth in lending during the second quarter of 2014, despite the introduction of the Mortgage Market Review changes. Key Highlights: Buy to let lending was up 5% to £2.2 billion although the number of loans remained the same at 15,600. The yearly figures were strong though with a 38% increase in value and 23% in number 28,600 First time buyer loans in June - 7% higher than in May and 19% up over the year. By value this was up 11% in the month to £4.2 billion. Lending to home movers grew, though less than for first time buyers, with a 4% rise. Remortgaging remained muted. Quarterly the buy to let lending was up 3% compared to the first quarter of 2014 Paul Smee, director general of the CML, commented: “For the second month running since new FCA rules took effect, lending characteristics...
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Households in Neighbourhood Watch Areas More Desirable to Buyers

New research* reveals that 27% of the nation, would ‘prefer to buy a property signed up to a Neighbourhood Watch scheme, or Home Watch network’. This trend is most prevalent among those living in the South West, where over a third, 34%, agree they’d prefer a property that was part of the movement.
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Eco Upgrades that Add Value to Your Property

Eco Upgrades that Add Value to Your Property

In the past few years, eco-friendly homes have become incredibly sought after by prospective home buyers, and with good reason too. Not only do environmentally-conscious homes appeal to the conscience of more green-minded homeowners, but they also save money in the process. So if youre considering putting your home on the market, or think that you may move in the coming years, these eco-friendly, energy-efficient features are well worth considering.

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Lending on dwellings increased in May

Lending specifically secured on dwellings was also up by £2.0 billion in May to £16.9 billion, up substantially compared to the monthly average over the last 6 months increase of £1.5 billion.
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The Dos and Donts of Applying for an Extension

Many property investors purchase properties with the expressed intention of doing them up to sell on. A big part of the ‘fixer-upper’ process is determining whether or not it’s possible – and affordable – to increase the size of the home. This can be achieved in one of two ways; by adding an extension, or by converting existing space such as a loft.
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The Cost of Houses in the UK and Finding Affordable Areas

The cost of houses, along with the cost of living, in the UK is growing exponentially. This is causing concern for those needing to move home and for first time buyers, who now are feeling the squeeze and uncertainty of where they can afford to live.
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Landlords: To Furnish or Not to Furnish?

As a new landlord, it can be tempting to leave properties void of furniture, fixtures and fittings to avoid letting properties furnished with substandard furniture. Since 1988 when the Furnishings and Fittings Regulations came into effect, even experienced landlords can now be reluctant to provide furnished properties. However, when you consider that a furnished property can let on average for over £50 a month more than an unfurnished one, it is easy to see why it might be worth putting in some time, effort and investment into furnishings to reap the rewards in the long term. Money Matters Before you can start considering changing your letting status to ‘furnished’ you need to make sure that you have the financial funds to back it up as well as the time and man power to practically ensure the furnishing gets done. Get some quotes from a range of different suppliers and work...
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Multiple Streams of Property Income Event

Click here for full information  The Event at A Glance by Rob Moore I want You to be one of the inner circle of savvy UK Property Investors to receive the benefit of a training event that myself, my business partner Mark Homer, and our 30+ strong team have been building up towards for the last five years! It’s the ONLY event of its kind in the UK where multiple streams of property income are revealed in a full-on 3 day networking & training intensive. When you join us you’ll experience: The 6 Property Income Streams taught in detail (DP, LOIC, SHMO, PBI, PTI, SL) How to Make Many of the Income Streams, Both Passive & Hands-off How to Create both Long-Term Sustainable Wealth & Super-Fast Income (in 1 Month or Less) Easy Systems & Models for Leveraging & Outsourcing Most of the Work yet Earn Virtually all of the...
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