Posted on March 17, 2021 at 10:19 AM
Chancellor Rishi Sunak’s budget revealed key changes to the property market, most notably the current stamp duty holiday being extended for a further three months and the government pledging to work with lenders to increase the availability of 95% mortgages.
Buyers and sellers who have been desperately trying to get their sale completed in time to meet the previous deadline of 31st March can breathe a sigh of relief, but the June 31st deadline will likely leave new buyers in a similar race against the clock this summer.
Buyers in London stand to benefit most from the stamp duty savings, with average property prices standing at £644,631 in March 2021, so the maximum stamp duty saving (£15k) can be utilised.
Posted on November 25, 2020 at 3:20 PM
We're excited to announce that we've won the British Property Award for letting agent in Edgware for the second year running! After a rigorous selection process, we came out on top once more with outstanding customer service and so have retained our award for 2020-2021.
We are continuously grateful to our loyal clients for giving us the opportunity to prove to them why we excel as letting agents and will go the extra mile to ensure their valuable assets are looked after.
If you would know more about the range of services that we offer, just give us a call on - 0208 951 1888 - or simply make an enquiry through our website and one of our experienced agents will be on hand to answer any queries.
Posted on January 23, 2020 at 12:26 PM
We are excited to announce that we have won the British Property Award for Letting Agent 2019-2020 in Edgware! Here’s a snippet from the press release:
“The Property Shop have just won the British Property awards for Edgware.
Their team performed outstandingly well throughout the extensive judging period, which focused on customer service levels. The Property Shop have now been shortlisted for a number of national awards which will be announced next year.
The British Property Awards provide agents throughout the UK with an invaluable opportunity to compare the service that they provide against the service provided by their local, regional and national competition. Agents who go that extra mile and provide outstanding
Posted on August 29, 2019 at 12:37 PM
What is it?
The Help to Buy scheme is a government scheme available up to 2023 that offers help to people that are struggling to save a deposit and purchase a property. In our experience, the most commonly used part of the scheme is the Equity Loan.
Within the Equity Loan, the government can lend buyers up to 20% of the sale price (40% in London). Buyers only need to save a 5% deposit alongside this, meaning they will have a total deposit of 25% (45% in London). This larger deposit gives buyers access to properties they might not have normally been able to afford, as well as access to more competitive mortgage rates.
Property Sale Price = £400,000.
Buyers 5% Deposit = £20,000.
Equity Loan (in Londo
Posted on August 14, 2019 at 10:33 AM
Selling a property can be incredibly challenging, especially if the market is not as strong in your area is it used to be. However, sellers often make simple mistakes that are easily resolved and make finding a buyer more difficult than it needs to be! Avoid the 5 mistakes below and give yourself the best chance of a smooth sale.
1. Not staging the property.
When the property is ready to be listed and photographs have been arranged, spend some time clearing the house of any clutter. You want to show the property at it’s most presentable and in a way that people can see themselves living there. Some buyers struggle to see past the clutter in a house and it weakens their interest.
You might also consider moving pieces of
Posted on June 25, 2019 at 2:23 PM
Finances at the ready:
Have your mortgage in principle/ proof of funds on-hand and ready to show sellers that you’re serious about buying; many people that go on viewings are just casually browsing, so set yourself apart from these types of buyers.
Without having your finances in order prior to viewing properties, you won’t be able to negotiate effectively. You need to know your exact budget and how close you can get to the sellers asking price.
Research the area:
Before viewing a property, spend some time researching the area. Find similar properties that are on the market currently, and (perhaps, more importantly) properties that have sold recently.
If you only consider nationwide or even citywide stati