Property Classifieds UK

When selling a property, choosing an agent (if you’ve decided to use an agent) is very much down to personal choice. There is no right or wrong way to choose, but there are factors you should consider before you make your decision. Not every agent is as effective as another, for various reasons.  Some specialise in certain types of property; some focus on commercial properties while others deal only with residential properties; and some only manage rental properties. Then there’s the question of reliability and effectiveness. So, how do you choose the right agent and which estate agencies are more reliable in Norwich? READ MORE

Commercial property is being seen by many investors as a viable option in diversifying their portfolio. They attract longer term tenants – years in some cases - who take on more responsibility in terms of maintaining and insuring the commercial building, and the rental income is often higher. However, when it comes to selling commercial property there is an added tax liability compared to residential properties. Investors are subject to Capital Gains Tax (CGT) when selling an investment and the tax on property varies depending on whether it’s a residential or commercial building. Currently, the rate of CGT payable when selling a commercial property in the UK is either 10% or 20%, depending on your personal basic tax rate band and existing income level. Let’s look at the implications of capital gains tax on property in the UK. READ MORE

There are benefits to buying a repossessed auction property , not least the fact that they are often 20-30% cheaper than properties sold via local estate agents.  The reason is because the aim of the lender that has repossessed, or ‘taken back’ the property, is to recover the debt.  That said, they do have an obligation to get the best price possible for all parties.  The one thing to remember when you want to buy a repossessed auction property is that there are advantages and disadvantages. What is a repossessed property? A repossessed property is one that has been taken back by the lender, such as a bank or building society, usually due to a sustained period of missed monthly repayments by the mortgage holder.  If there are substantial arrears and there is no repayment plan in place, the mortgage lender will apply to the court to repossess the property, often as a last resort. Properties that have been repossessed are being sold via an auction more regularly, often at a much lower pr

The types of property you can buy in the UK are many and varied – cottages, town houses, apartments, studios, flats, detached, terraced, semi-detached, modern, traditional – the list is endless. But one type of property that was originally associated with the older generation is making waves with younger people; the humble bungalow. Indeed, there are calls by developer McCarthy Stone that the UK is not building enough bungalows to meet demand following their research last year. This has only pushed up the asking price for bungalows for sale in Norwich. In fact, according to data from Rightmove, the price you’ll pay to buy a bungalow has increased 11% in 2021; far higher than the national average of 6%. So,  why are bungalows suddenly so popular again and what do you need to look out for when thinking about buying a bungalow? Why are bungalows so popular? Go back 40 years or so and bungalows were the most popular type of house in the UK. But its popularity waned as builders decided to b