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Category: PROPERTY TYPE
PROPERTY TYPE
Is it possible to get a mortgage on a studio flat under 30m2
Yes, it is possible to get a mortgage on a studio flat under 30 square meters in the UK, but it can be more challenging compared to larger properties. Lenders typically consider small properties (under 30m²) as non-standard, and some may be reluctant to offer a mortgage due to perceived risks, such as limited market… Read more
Pros and cons of buying a bungalow
Buying a bungalow, like any major financial decision, comes with its own set of advantages and disadvantages. Here are some pros and cons to consider: Pros: Cons: Before deciding to buy a bungalow, it’s essential to weigh these factors against your lifestyle, budget, and long-term housing goals to make an informed decision. Read more
The minimum room sizes for HMO properties
In the UK, Houses in Multiple Occupation (HMO) properties have specific regulations regarding minimum room sizes to ensure adequate living conditions for tenants. These regulations were updated in October 2018 and are enforced under the Housing Act 2004. Here’s a detailed breakdown of the minimum room sizes for HMO properties: Minimum Room Sizes for HMO… Read more
Property types that offer the best rental yields in the UK
In the UK, various types of properties can offer high rental yields depending on factors such as location, demand, and property management. Here are some property types known for potentially high rental yields: 1. Houses in Multiple Occupation (HMOs): 2. Student Accommodation: 3. Short-Term Lettings (Airbnb or Holiday Rentals): 4. Buy-to-Let Apartments in City Centers:… Read more
Why you should set a long stop date when buying an off-plan property
Using a long stop date when buying an off-plan property in the UK is crucial for protecting your interests and ensuring that the developer is held accountable for completing the project within a reasonable timeframe. Here are the key reasons why a long stop date is important: 1. Protection Against Delays: 2. Financial Security: 3.… Read more
Living on a houseboat – what you need to know
Living on a houseboat in the UK offers a unique lifestyle, combining the tranquility of waterborne living with the adventure of a mobile home. Whether you’re drawn to the picturesque canals, the sense of community, or the idea of downsizing, it’s essential to understand the practicalities and considerations before making the leap. Here’s a comprehensive… Read more
Village living – the pro’s and con’s
Living in a village in the UK offers a unique lifestyle that appeals to many people seeking a sense of community, tranquility, and connection to nature. However, village life also comes with its own set of advantages and disadvantages. Here’s an overview of the pros and cons of living in a village in the UK:… Read more
The financial impact of selling a right to buy property
Selling a Right to Buy (RTB) property in the UK has specific implications, especially regarding payback or repayment requirements if the property is sold within a certain period after purchase. Here’s an explanation of the impacts and the payback rates associated with selling a Right to Buy property: What is Right to Buy? Right to… Read more
What are the advantages of buying off-plan property?
The Advantages of Buying Off-Plan Property Buying off-plan property, which involves purchasing a property before it has been constructed, offers several potential benefits. Here are some key advantages to consider: 1. Lower Purchase Price One of the primary attractions of buying off-plan is the potential for lower purchase prices compared to completed properties. Developers often… Read more