Property Classifieds UK

Are you considering investing in real estate? Why not! A number of benefits can come with making an investment in real estate, and as such, it can be an incredibly lucrative market to get involved in. That being said, there are a number of important things that you should look for when you are considering making such an investment. The top ten factors are all going to be discussed in more detail below.  The amount that the location of a property can impact its value is truly extraordinary, and it is one of the most important things that you should consider when you have profit at the forefront of your mind. How close is the property to different amenities? Is there much green space and scenic areas nearby? What is the neighborhood like? All of these are going to play a massive factor in what you can sell the property for or how much you can rent it for.  Read Top 10 Things to Keep in Mind While Investing in Property in 2023 Here

There has recently been a renters reform bill published which makes changes in particular to section 21 of the Housing Act 1988. This is a significant change and anybody who rents a property or owns a property that they rent out should be aware of what it could entail.  The bill is set to be introduced during the 2022-2023 parliamentary session. It is going to set out to completely abolish ‘no-fault’ section 21 evictions which sometimes take place in the private rented sector.  What is the Problem with Section 21 As It Stands?  Currently, section 21 contained within the Housing Act 1988 makes it possible for landlords to repossess their properties from shorthold tenants without the need to establish that that tenant is at fault in some way to justify the repossession. This is why it is commonly referred to as the ‘no-fault’ ground for eviction. The argument for getting rid of the section and why it is viewed by many as problematic is the fact landlords have the ability to terminate a s

There is no denying that the UK is going through a tough time at the moment economically. Inflation rates have now passed 10% which means that they are at their highest figure since 1982. In order to alleviate the rate of inflation, interest rates have also risen to 1%, which is marking the start of a potential period of recession.  As the housing market stands, thanks to a period of ultra-low interest rates, borrowing mortgages has become cheaper and this has inflated the housing bubble across the UK. As a result, homeownership is becoming more difficult, and people across the country continue to seek help from professionals when trying to purchase a property.  Unsurprisingly, people who are currently looking for a mortgage and people who are looking to sell their property are looking around for answers on how this is likely to affect them and how higher interest rates might impact the property market throughout the country.  Read More about the Impact of Rising Interest Rate on UK’s

When a house is in probate, it refers to the legal proceedings surrounding the passing of an individual where their assets are distributed to their heirs. The executor of the estate is responsible for taking care of the distribution of the assets that have been passed down to the heirs; naturally, this often includes a house. The whole process of probate can be lengthy and complex, and the sale of a house in probate can come with obstacles. That being said, there are a number of benefits that also come with purchasing a property in probate. These are all going to be discussed in more detail below.  What is the Probate Process?  When assets go into probate, the executor of the Will will usually sell them off in order to pay off any debts or taxes that were owed by the deceased at the time of death. After these have been paid, the remaining assets are then passed down to the beneficiaries. The whole process usually involves:  The executor of the estate will start by serving a notice to s

Property is a great investment all year round; however, when you buy a repossessed house in the UK, this is a potentially excellent investment. They are usually available for a discounted rate, but at the same time, it's worth noting there are some aspects that can make buying these properties a lot trickier. You need to ensure you are speaking to professionals about the purchase and evaluating the risks and opportunities that come with such an investment. Throughout this article, we will be discussing how you can find repossessed properties in the UK and how you can buy them.  Is It Cheaper to Buy a Repossessed Property?  When a property has been seized by a lender, that property becomes a repossessed house. There are a number of reasons as to why this occurs, but a lot of the time, it’s because mortgage repayments haven’t been made.  They tend to be the last resort for lenders, but there becomes a point where they are inevitable. It could be the case that the previous owner of th