Stepping into the rental market involves more than just securing the ideal property; it necessitates a meticulously planned budget to effectively manage your finances. Rent typically consumes the lion's share of your monthly earnings, but there are other costs linked to renting that can take you by surprise if not considered. Here's how to assemble a thorough budget for your rental:1. Work Out Your Monthly...
For landlords, consistent property maintenance goes beyond mere aesthetics; it's a vital aspect of safeguarding the worth of your investment and ensuring tenant contentment. Overlooking maintenance can lead to expensive repairs and may even affect your property's long-term profitability. Here are some invaluable property maintenance tips to assist landlords in keeping their properties in prime...
When setting out to purchase a home, it's essential to look beyond the immediate appeal. While the current charm and fit of a property matter, it's equally important to consider its potential future worth. Savvy homebuyers don't just focus on the present offerings of a home but also its ability to retain and increase its value over time. Here are some crucial factors to bear in mind when assessing a...
For those selling their homes, steering through the home inspection process can be a pivotal stage in the property sale journey. The outcome of a home inspection can greatly sway the sale, impacting everything from the final sale price to the transaction's success. Therefore, understanding how to effectively prepare for and respond to a home inspection is vital.1. Pre-Inspection Preparations: Prior to the...
In a celebration of movement and creativity, thousands of young dancers are set to light up the stage in one of the country's largest dance events. 'Let's Dance at the Dome', a week-long festival in Brighton, offers children from schools across the city a platform to showcase their choreography and passion for dance.An impressive 2,000 children, ranging from five to 18 years old, from 70 schools across...
Brighton and Hove are gearing up to become an even greener city with the addition of 120 new electric vehicle (EV) charging points. This exciting development, set to roll out from March, is part of the city council's ambitious plans to install a whopping 1,650 new plug-in points over the next three years.The new additions, comprising 100 lamppost chargers and 20 fast charging points, will bring the total...
Navigating the choppy waters of tenant complaints can sometimes feel like a daunting task. However, with the right approach, you can turn these challenges into opportunities to demonstrate your commitment to your tenants and your property.Promptness is paramount when it comes to addressing complaints. Whether it's a maintenance issue or a noise disturbance, a swift response shows your tenants that their...
Embarking on the path to homeownership is a monumental life event. However, this journey often pivots on a critical element: mastering the mortgage process. This process can appear complex and daunting, particularly for those venturing into homeownership for the first time. But don't worry, we're here to break it down for you, making your route to your dream home more straightforward and transparent.First...
Selling your home can be a thrilling ride, especially when multiple offers start rolling in. But with more offers comes more responsibility - the responsibility to navigate these waters wisely and make the best decision. In this guide, we'll help you sail smoothly through the process. Understanding each offer is your first port of call. While the price is important, it's not the only factor. Look...
Brighton's food scene just got a little more exciting with the opening of a new Filipino restaurant, Filipino At The Avenue. Located in the vibrant Kemp Town, this family-run eatery is the brainchild of ex-nurse, Junjun Medran, who has swapped his scrubs for an apron to "spread love" through his culinary creations. After dedicating 28 years to nursing, Junjun decided it was time to pursue his other passion...
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Finding a mortgage
Buying a house is a massive investment and getting it just slightly wrong can be costly. Unless you have big savings, chances are you’re going to have to get a mortgage. It’s a loan secured against the property which means if you can’t meet the repayments the lender may repossess your home and sell it to get their money back.
The better you understand mortgages and everything to do with them, the better armed you will be to get the very best deal. With MMR in place, you’ll need to review your finances themselves before approaching possible lenders to see whether you can afford the monthly payments now and if interest rates go up, which they will…
What is MMR?
When it comes to finding a mortgage you have several options: mortgage brokers, individual banks or searching online. Again, it’s important to do your research. Searching online first, gives you a good idea of what’s available, but an independent mortgage broker can provide a more in-depth search and help you through the process. Being independent holds great value as they are not bias to any particular lenders or deals, they will give you their honest opinion and take away the stress of working your way through the mortgage market, they work for you to find you the best package to suit your requirements.
For more information on the current mortgage rules and deals, contact your local branch today to arrange an appointment.
View your future home or get your instant valuation using the latest video calling technology and the expertise of our agents. Don’t delay the deal: get an accurate and fast valuation done today.
