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Do you need a survey?
Thursday, November 10, 2016
Approximately 20% of homebuyers rely solely on a mortgage valuation report when buying a property. Too often, having fallen in love with a property at first viewing, buyers overlook cracks, peeling paint, loose tiles and poor plumbing. So, if you think you have found your dream home, make sure the property is structurally sound and that is not going to be a nightmare! When you’re already investing a huge sum buying a property, a RICS survey might seem an unnecessary expense, but a few hundred pounds spent on a survey could save thousands of pounds and heartache further down the line. It could even let you renegotiate the purchase price or withdraw from a potentially disastrous purchase. By being aware of any issues before you buy, you can make informed decisions and budget for any repairs that need doing.
Looking for a lease extension?
Thursday, November 3, 2016
If you own a leasehold flat or maisonette with an unexpired lease term of less than 90 years, you may well have considered whether it is possible to extend the lease. After all, a shortening lease term of 85 years or less can have a negative effect on demand, saleability and value of your property. It is certainly worth looking into sooner rather than later as, once a lease term is less than 80 years, the cost of extending the lease increases significantly.
Downsizing?
Monday, October 31, 2016
If you are thinking of selling your family home and buying somewhere compact and bijou to live, here are some tips from the NAEA to make the process just that little bit smoother and stress free. It’s quite a decision to take, and one which will mean emotional upheaval, so make sure that your next property addresses not just your current needs, but those you can envisage for the next few years for you and your family. Some flexibility in the way living space can be used can cater for changing needs if, for example, you need to accommodate children and grandchildren occasionally. A “lock up and leave” property may be a good idea if you now have the freedom to take extended holidays.
Third runway decision a positive move.
Wednesday, October 26, 2016
The government yesterday announced its approval for a third runway at Heathrow Airport to expand the airport’s capacity. Speaking in favour of the go-ahead, Transport Secretary Chris Grayling said the "truly momentous" decision would support trade and create jobs, both locally and throughout the UK. Many unions and business groups also welcomed the decision to expand the airport; TUC general secretary Frances O'Grady said that it was "absolutely vital for Britain", while CBI chief Paul Drechsler agreed it would create jobs and boost economic growth. Heathrow is already a major employer in the area supporting 250,000 jobs and with increased employment there will be a knock on effect for demand for property in the area.
Worried about rent arrears? Relax!
Tuesday, October 25, 2016
Rent arrears are a real concern for many landlords across the UK. Recent research shows that 32% of landlords say they have experienced rent arrears in the last 12 months as around 67,000 households are struggling with severe rent arrears across England and Wales. Increased pressure on household budgets, unemployment or ill-health can all affect a tenant’s ability to pay their rent and can’t always be predicted. But whether you are an experienced landlord or new to the lettings market, you can make sure that rent arrears don’t keep you awake at night. With The Frost Partnership you can relax, knowing we’ve got it covered.
Gothic drama! Not just for Halloween
Thursday, October 20, 2016
When it comes to home décor, think Victorian Gothic and you might imagine black walls and cold, haunted houses. In fact, the Victorian Gothic style boasts gorgeous, ornate designs, rich in colour, texture and warmth.
