Property Property Property to hold industry event

Mid-September will see Property Property Property hold its first industry event.  Held in London, it will be a mixture of top tips, advice and industry related news from a variety of key speakers in the property industry.

Talks will include:

- What is happening in the property market

- Where the property market is headed

- Changes in the current residential, lettings and commercial market

- How to find the best landlords, vendors and clients

Focusing on industry specific topics for estate agents there will be a chance to ask questions, gain more insight and speak to other industry professionals.

Keep checking back to our website to find out more information.

Five top tips to help you get a mortgage

It is no secret that getting a mortgage is tricky business these days.  According to the latest market research, house prices could see a rise of almost 5% in the next few months.  And, with lenders still being very restrictive, getting the right mortgage for you could be difficult.

But there are several things you can do in order to help improve your mortgage eligibility.  Here are five top tips:

Independent financial advisor 

The first tip is to speak to an independent financial advisor.  This is someone who is not tied to banks and building societies, so will have access to a much wider range of mortgages.  They will be able to give you impartial and honest advice.  Which is worth its weight in gold when trying to secure a mortgage.

Organisation

Get organised.  Make sure that you have all of your paperwork and financial documentation in order.  It is wise to have a file that is specifically for all your property searching and mortgage applications.  That way you have instant access to it and you won’t need to rummage around looking for bank statements.

Agreement in principle 

This is ideal for first-time buyers, but it is also really helpful for anyone looking to get a mortgage. Having a mortgage agreement in principle will mean that estate agents will take you more seriously and will give you a much better chance when up against others looking at the same property as you.

Electoral register 

By ensuring you are on the electoral register you will help your credit rating.  It will essentially boost your credit rating, and let’s face it, it is your credit rating that will help to improve your chances of getting a mortgage.

Pay off debts 

If you have any outstanding debts then now is a good time to pay them off.  But getting a credit card will also help.  It will improve your credit score and show that you are eligible for credit.  Make sure you keep up your repayments and don’t go over your overdraft limit.  Essentially make sure that you are in control of your finances.

By keeping on top of your paperwork and finances you will help to show that you are as eligible for a mortgage as the next person. A decent deposit and a healthy looking bank account will also get you one step closer to your dream home.

 

Looking for student accommodation? Here is what you need to know

Renting a property as a student can be a daunting task. There are plenty of horror stories out there which can really leave you feeling scared.  Also, if it is your first time renting then you will need to know the do’s and don’ts so you don’t end up in a tricky situation that you can’t get out of.

Tip one

Make sure you read your tenancy agreement from cover to cover.  It may look like a lot of small print but don’t sign on the dotted line till you have read every last word.  It may seem boring right now, but believe us when we say it will be worth it in the future.

Tip two

Does everything work? Before you move your boxes in you need to make sure that everything works.  If it is a furnished student property you will want to know that the bed isn’t broken, that the fridge works and that the plug sockets work too.

Tip three 

Check for damp.  Is there signs that the bathroom leaks into the kitchen? Is the wallpaper lifting at the edges? Also, make sure that you check that the plumbing works too. Flush the toilet, run the shower and ask about the heating.

Tip four 

Locks on windows and bedroom doors are essential. If there aren’t any then you can ask to have one put on.  If your landlord won’t do it ask if you can have it done yourself.  It will make all the difference to protecting your belongings.  And make sure you take out contents insurance too.  It is your landlords job to ensure that the building is insured but not their job to insure your contents.

Tip five 

Snap, snap, snap.  Take a photo of everything in the house.  The items in your room, the mould by the bath and the cracks in the walls.  That way you will find it easier to get your deposit back at the end of your tenancy.

It may all sound a bit intense, but it is the best way to protect yourself in the future. You want to know that the property is at the best standard it can be for a cheap student house.

Don’t sign on the dotted line until you have asked all the questions that you need to. Why not head to our website to search for student properties in your area?

 

First-time buyers rise with lenders demanding average of 17% deposits

Lending figures for first-time buyers look healthier and more positive than they have since November 2007.

Think back, remember that wonderful time before November of 2007?  It seems like a distant memory, and that is because it is.  It was a time when lenders were not so fearful of first-time buyers and those seeking to get on the property ladder for the first time were more often than not, able to do so.

Yet since the situation with Northern Rock and a double-dip recession lenders have been holding onto those purse strings even tighter. Yet the number of mortgages that have been granted to first-time buyers recently  has risen significantly.

Approved! 

In May of this year 25,100 loans were approved. This was 42% up from that of the same month a year previous.  Director general for The Council of Mortgage Lenders, Paul Smee has said, “Although monthly lending is still running at far less than half its typical level during the peak, there is no doubt the mortgage market is firmly open for business.

“The borrowing appetite of first-time buyers and the availability of attractive mortgages for them have improved markedly since a year ago.

This is good news for first-time buyers and those looking to get onto the property ladder.  Confidence is starting to return in the market and lenders and borrowers alike are starting to put their money where their mouth is.

The average first-time buyer is around 29 and earns about £35,7000 per year.  The average mortgage was for £113,400.  The market is slowly but surely starting to pick up pace.

It has certainly been a tough few years for first-time buyers but persistence and clever saving will put you in good stead.

Are you a first-time buyer?  Are you trying to make that big leap onto the property ladder? Why not head to our Facebook and Twitter to share your views, opinions and experiences?  Have you struggled to get a mortgage? Do you have any expert tips? We would love to hear from you.

What will help you sell your house?

Selling your house may not be as easy as you first thought.  You may love your house, but in a tough economic climate, getting others to fall in love with it may be slightly tricky.  In order to sell your house quickly, whilst still getting a good price for it, you may want to follow these simple rules.

1. First impressions count 

When selling your house you need to remember that first impressions count.  Why not wander round your house with a different mindset, try to view your property as if you were looking to buy it?  The things that you have in your property and the way it is laid out furniture wise, may not lend itself to selling quick.  Make a list of things that need to be changed or altered.  This could include fitting that new tap, painting the front door a more inviting colour or even doing a spot of gardening.

 2. Time to de-clutter 

If your house has fast become a hoarding place and is starting to look more like your local rubbish tip than a warm and inviting home, then you need to de-clutter.  Now is a great time to get rid of all your unwanted items.  Not only will it make your property look better and open up more space, but it will also make packing to move house much easier.  Why not have a car boot sale and make a few pennies too?

 3. Choose your estate agent carefully

Estate agency is a highly competitive market place. In a slow market your house won’t sell itself, so your estate agent will need to be extremely proactive.  Get recommendations and ask friends and family who have recently sold their property.

It is advisable to get three estate agents in to come and value your property.  But don’t always be tempted to go with someone who values it at the highest price. The valuation needs to be realistic and you don’t want to keep knocking the price down.  You also need to keep in mind that you will be dealing with them on a regular basis so it needs to be someone that you feel you can get along well with.

4. Speculate to accumulate 

A lick of paint here and there never did anyone’s property any harm.  But be careful, don’t go for bold and bright colours.  Try and keep the decorating as neutral as you can.  Remember that prospective buyers will be trying to picture themselves living in your property.  If you make your home too quirky or unique then buyers may struggle.

Also, don’t overspend on your property either.  Your buyers will probably want to update your property once they are in.

5. Put your property on Property Property Property

Ensure that your estate agent is putting your property on a portal site like Property Property Property.  With so many people using the internet these days to find their dream home you could miss out if you are not searchable on a portal site.

Don’t expect your property to sell instantly.  Give people time, they may need to come back for a second or third viewing too.  It is a big decision moving house so you would be wise to remember that patience is a virtue.

Five questions to ask before renting a house

So, you are about to embark on renting a property.  It may be your first move away from home, it could be that you are moving in with a partner or you simply need somewhere to live before your house is finished.  Whatever the reason, there are a number of things you should ask before you sign on the dotted line.

Just because you are renting doesn’t mean that there aren’t questions you should be asking your letting agent.

1.  How long can you rent for?

How long are you able to rent the property for? This is key as you want to know before agreeing to rent it otherwise you could find yourself in a bit of a pickle.  If you are planning on only renting for 6 months then you will need a tenancy agreement that either states that or has a 6 month break clause.  Alternatively, if you plan to ‘set-up-shop’ for a while then make sure the landlord doesn’t have plans to sell it in the near future.

2.  Are pets allowed?

If you have pets then you will need to declare this.  Many landlords are not big fans of furry creatures, and you can understand why.  But honesty is always best policy.  If it states that you can’t have pets on the property description then make sure you give the letting agents a call to double check.  But the opposite is also true.  If it doesn’t mention it on the details then ask the question anyway.  You don’t want to fall in love with a property and find out that the agency just forgot to add the details.

3.  What are your fees?

Moving house can be expensive, so make sure you double check the fees of your letting agents.  Your landlord will also want rent upfront and a security deposit.  The security deposit will be help by a third party scheme set up by the government.  This is known as the Tenancy Deposit Protection Scheme.  They will ensure that you get your deposit back if you meet the terms of your tenancy agreement, don’t damage the property and that you pay all your rent and bills.

4.  Can you update the property?

Everyone loves to put their own touch on their home.  But this can be difficult when the property is not technically yours.  If you want to update the property; a lick of paint here, a few pictures there, then you will want to get permission.  Failing to get the landlords permission may mean that you forfeit some of your security deposit.  The best way to combat this is to speak to your estate agents and get the confirmation from your landlord in writing.  But don’t go too crazy.  Try and keep it neutral.  They won’t thank you for painting their walls bright orange.

5.   Any hidden extras?

You will also want to check to see how often the rent is raised.  Another thing worth noting is whether you need to pay additional fees if the tenancy agreement changes during your time in the property.  Speak to your estate agent and aim to get as much information from them as you can.  That way there won’t be any hidden costs that catch you out.

And don’t forget, if you still haven’t found the right property for you then check out Property Property Property!

 

How to Prepare Your Property for Sale

Deciding to sell your property is one of the biggest decisions you will have to make as a homeowner, leaving all of the memories you have in the property behind and handing it over to a stranger is never easy. Selling up and moving house is known to be one of the most stressful times of your life with this in mind it is always best to do anything you can to make the process as hassle free as possible! Read on and follow our guide to preparing your property for sale.

Outside

First impressions are always important and selling your home is no exception! Before you can get potential buyers inside your home you need to impress them with the outside. Take a walk down your street; does your property look similar or superior to the houses that surround it? If a potential buyer is coming to view your property and your neighbour’s house looks much more attractive then they may have formed a negative impression before they’ve even walked through the front door. Simple steps such as cutting the grass, trimming the hedges and putting the bins away can quickly make a drastic difference; perhaps consider planting a few flowers to brighten up your front garden, preferably yellow flowers as research shows it is the colour that provokes the purchasing instinct!

Living Area

The living area can be the most important room when showing potential buyers around your property, it is the room in which they will spend most of their time should they choose to purchase therefore you need to get it looking perfect for the viewing.  When preparing the living room remember the following three points, the room needs to look inviting, must be clean and free of all clutter.

  1.  Inviting – Make the room feel as appealing as – possible this will depend on the season you are selling in, in winter you want the room to be warm and in summer if the sun is out then open the curtains as far as they will go, let the sunshine fill the room, make it feel light and cheery! Natural light creates the illusion of space as it lights up all those dark corners so it’s a win win.
  2. Clean – Before hosting any viewings your property will need a thorough clean after all you want your viewer to see your property at its best!  Give each room a thorough clean, open the windows to let the air circulate and get rid of any pet smells,  just before the viewers arrive give each room a quick hoover  and tidy round.
  3. Clutter – It’s time to de-clutter!  Clutter will only make a room look much smaller than it is, box away any knick knacks that you have displayed all over the room and if at all possible hide any unnecessary furniture in the loft or garage. The less you have in the room the better when it comes to creating a feeling of space. This is also an ideal opportunity to start packing away some of your personal possessions such as photographs, this will help potential buyers visualise themselves living in your property

Kitchen

It’s no secret that buyers don’t like small, cluttered kitchens, with this in mind be sure to put away all crockery, cook books or seldom used appliances that may be on the sides and clear any food items before the viewing, if something can be hidden  then hide it! Cleanliness is especially important in your kitchen so consider applying a fresh lick of paint if there are stubborn marks to the walls that cleaning wont shift.

Depersonalise

Depersonalise the property, take down all family portraits and personal pictures, your buyers need to be able to imagine themselves living there and the life they will be able to build, they will find this harder with the distractions of cute baby pictures and constant reminders of the life that you have managed to create. Taking down your pictures will also aid in the process of you imagining moving on as well. it’s always difficult to say goodbye to a family home that you have lived in for so many years however following this simple advice, detaching yourself from the property and depersonalising each room will not only help you to face the thought of leaving but will also help you to be able to sell and advertise the property to its full potential.

It’s always difficult to say goodbye to a family home that you have lived in for so many years however following this simple advice, detaching yourself from the property and depersonalising each room will not only help you to face the thought of leaving but will also help you to be able to sell and advertise the property to its full potential.

Written by Urban Sales and Lettings, Online Estate Agents &  Online Letting Agent

What first-time buyers need to know

There is always a first time for everything, and that even includes buying a house. According to recent reports in the Telegraph, the average age of a first-time buyer is around 30.  More and more young people are being forced to rent for long periods of time.  What was once a temporary source of accommodation is fast becoming a long-term solution.

So, for those first-time buyers out there who are about to step foot onto the property ladder, a little advice and ‘need-to-know’ can go a long way.  It can be a daunting time for anyone, let alone someone who is investing their life’s savings into a property for the first time.

Here are just a few things that first-time buyers need to know:

How are your finances?

Do you have good credit history? Do you keep on top of all your purchases and spending?  Now is the best time to really look at what you are spending and where your money is going.  Moving house is not cheap.  There are solicitors fees, stamp duty fees and of course, you will want to have money to buy new furniture too.  All those added extras that are on top of your deposit.

Getting a mortgage is tricky these days.  It has probably never been so tough to get a mortgage as it is now.  So make sure you are one step ahead of the game.  Get your finances in order, pay off any outstanding debts that could go against you and make sure you are on the electoral register.  Yes, even being on the electoral register will stand you in good stead.

Don’t stretch yourself too far

That three bedroom family home with the beautiful garden will always be appealing.  But if it is way out of your price range then it is best not to stretch yourself too far. Know your limits and work within these.  Speak to a mortgage advisor who will be able to help you understand how much you can realistically afford.  Remember, you still need to eat and live once you move into your new home.

Get the right mortgage

Getting a mortgage means shopping around.  An independent financial advisor will probably be your best bet.  They are independent because they are not tied to a bank or building society.  So this means that they have access to the best deals.  This is a chance for you to be really open and honest about your finances and to get the best mortgage rate you can.

Use Property Property Property

By using a portal such as Property Property Property you will be able to find the right home for you.  You can search by postcode or place name and search within a price bracket that suits.  Here you will find plenty of information, pictures and details on the properties you plan to view.  You can even email them to a friend or partner to let them know what you have been looking at.

At the end of the day, it is all about finding the right property at the right price for you.  And, as a first-time buyer you need to take as much advice as you possibly can.

London house prices hammer 2007 summit by means of 15% surge in Camden

London’s house prices have surged past their 2007 summit, helping force a yearly boost in prices countrywide for the first time in more than a year, Nationwide has reported.

Property Property Property

 Though prices were level month-on-month in March at £164,630 standard, they were up by 0.8% on a year ago, marking the initial annual increase since February last year.

Nationwide’s study established enormous variations in the performance of neighbouring housing markets, with prices up year-on-year by 15% in the London borough of Camden and in Cambridge, but down by 10% in Liverpool and Carlisle.

On a regional level, London recorded the strongest yearly increase, with a 4.6% boost pushing standard prices to a new high of £306,919 – thrashing their 2007 summit.

The capital city has enjoyed burly attention from rich abroad buyers and a number of analysts have supposed that the disaster in Cyprus is expected to force additional wealth into London as folks pursue a “safe haven” in which they can invest their money.

Wales was the second-best performing region of the UK, with prices up by 2.5% year-on-year to on average reach of £132,971.

In the meantime, house prices in Northern Ireland, which have seen burly falls ever since the financial slump, showed a great deal more constancy compared with a few months ago.

Prices in Northern Ireland were down by 0.9% year-on-year at £108,610 on average. Though, this fall is a great deal less sharp than the one at the end of 2012, when prices in Northern Ireland were down by 8.2% yearly.

Scotland was the worst-performing region of the UK in the Nationwide study, with house prices down by 4.9% to reach £128,594 standard.

The statement adds to proof that Government labours to clear the housing market are having an impact.

Lenders and estate agents have been reporting uplifts in movement, mortgage accessibility has amplified sharply and loan rates have been slashed since the Government launched its Funding for Lending scheme (FLS) last August.

House prices are expected to get an additional increase from a multibillion-pound system called Help to Buy, which was unveiled in the Budget to help additional people get on the property ladder or move up it with a 5% deposit.

On the other hand, the Government has been warned that the system should not produce a “housing bubble” and thrust up house prices to a degree which might ultimately lead to a disaster.

Robert Gardner, Nationwide’s chief economist, said that looking in front, the possible impact of Government schemes is hard to calculate because of the housing market remaining “uncertain”, partially due to the harsh financial system.

He said the level month-on-month change for house prices reflected a customary seasonal mould.