Buying a property at auction has many benefits, particularly as it can be a simpler option than going through the usual route of lengthy and uncertain buying procedures. However, there is risk of losing out at an auction, especially if you are not fully prepared beforehand. Here, we give a full breakdown for first-time property bidders on how to prepare for an auction and how to snap up your desired property without a hitch.
If you’re looking to help your child onto the property ladder, you’re not alone. The Bank of Mum and Dad has been ranked as a key rival to the ninth biggest mortgage lender in the UK, with a collective £6.5 billion floated on the property market in 2017 to help loved ones attain that first home dream.
Property prices rise and fall with a number of factors in any economy, including recession, inflation and unemployment. However, homeowners often don’t take enough notice of what their property is really worth, and how to increase that value themselves. There are a lot of touches, from small aesthetic improvements to building work that could escalate your property’s price anywhere from a few thousand up to £50,000.
There is a lot of information on the process of buying or selling your house, however, sometimes the information is oversimplified, and/or over complicated. Here we try and simplify the process for you, while still keeping some of the core information that you would need, especially highlighting why sometimes it is better to have a specialist to help guide the process.
Buying a house is a momentous occasion in anyone’s life. Whether buying alone or with a partner, getting a mortgage and signing the deed is a huge commitment. But the security of owning your own home is something we all dream of having, and the earlier you can get on the property ladder, the better.