Property

First Home Scheme

First Homes Scheme

The government has announced the trial of a new first-time buyer initiative called First Homes, where the new property will be available to purchase at a discount of up to 50%. First Homes is a part of the government’s affordable homes pledge and will be rolled out in England from the 28th of June, after a trial taking place in Derbyshire. What is the First Homes Scheme? The First Home… Read More »First Homes Scheme

Property SPV

Investing in property through SPV

What is a limited company property SPV? SPV (Special Purpose Vehicle) is an increasingly popular way to invest in property. An SPV is a limited company, usually with the SIC codes specified below, with shareholders and board of directors. The essential difference between individual ownership and the SPV is in the way the property is administered. How Property SPV works? In the SPV, the property is registered in the name… Read More »Investing in property through SPV

Home buying guide

20 Things to know before buying a house

Don’t get caught, read our handy guide to buying your first house. Buying a house can be stressful and time-consuming. Below we are listing 20 things to remember while taking your exciting journey to home-ownership.  You will need money for additional costs. Have extra cash ready. Save with ISA and get a government bonus. Lenders will be checking your credit history. Your credit score is very important, but don’t worry… Read More »20 Things to know before buying a house

11 home improvements

11 home improvements you can do without planning permission

Are you thinking about home improvement? In recent months the home improvement became very popular with the homeowners trying their hands on DYI. While many of us started redecorating their homes and doing small jobs around the house, some decided to take on bigger tasks as well. With the interest rates being all-time low, many people can remortgage their property to raise capital to invest in home improvement projects, like… Read More »11 home improvements you can do without planning permission

Mortgages during pandemic

Getting a mortgage during the Covid-19

Property and mortgages during the pandemic. I get a lot of questions from clients about the effects the pandemic and the lockdown have on the property market and mortgage applications. The property market is officially open but there are few things to remember when thinking of getting a mortgage. Many lenders have tightened their lending criteria and the changes sometimes happened with a day notice. There are significant delays in… Read More »Getting a mortgage during the Covid-19

Investing in Property

How to start investing in the property. Investing in property can be very beneficial, especially when the interest rates for savings and bonds are very low and people are searching for alternative ways to invest their money. If you are considering to become a property investor or just want to buy a second home to be rent out, here you can find all information about how to start your journey.… Read More »Investing in Property

Mortgage during pandemic

Stamp duty holidays

Stamp duty holidays extended. The Chancellor, Rushi Sunak, confirmed on Wednesday, the 8th of July, that new temporary rules will be placed to boost the property market. He announced that the Stamp Duty Land Tax will be suspended until 30th of June 2021 for properties up to £500,000 in value, with immediate effect. The tax holidays will also apply to landlords looking to expand their property portfolio or incorporate as letting… Read More »Stamp duty holidays

BOE Rate Cut

Bank of England base rate cut

Following the announcement of the Bank of England to cut the rate to 0.25% from 0.75%, and than from 0.25% to 0.10% a few days later, there were questions about what it means for mortgages and savings. When it comes to the mortgages, you will only benefit from the cut if you are on Standard Variable Rate or on tracker mortgages. There are very few tracker mortgages around nowadays but… Read More »Bank of England base rate cut