Although Labour has long been associated with better rights for renters, it recently showed that it is equally as committed to promoting homeownership. A raft of financial reforms designed to help mortgage borrowers, which will apply across the UK, were announced in July.
The unassailable attractiveness of property as a money-making asset persists. While passive appreciation still exists – that’s when homes gradually increase in value with nothing more than time – homeowners are looking at adding values in other ways.
Despite how morbid it feels, deciding what happens to a property you own when you die is something you need to decide early in the buying process. In fact, you’ll need to tell your solicitor your preferred course of action before you finalise a purchase.
Commonhold is a property term that’s been in the press recently. If the current Government gets its way, this method of owning a flat or apartment is something we could see a lot more off. Ahead of a more widespread adoption, we have answered the most popular commonhold questions.
We may sound like a broken record but property presentation really does matter when you’re trying to attract buyers and achieve the best price for your home.
Try as we might to adopt a more European attitude and feel totally comfortable with renting our entire lives, many of us aspire to homeownership. It’s an aim that stems back to the 1980s when the then Prime Minister, Margaret Thatcher, set out to create a ‘property-owning democracy’.
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