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Explore our guide on property valuations to understand various methods, timeframes, and costs. 🏡📈 Discover key factors considered in valuations, including: 📍 Location: Local values and proximity to amenities like schools and transport links. 📏 Size and Layout: Square footage, number of rooms, and overall layout. 🛠️ Condition: Current state of repair and potential renovation needs. 📊 Market Conditions: Recent sale prices of similar properties. 📜 Legal Factors: Leasehold vs. freehold status, planning permissions, and any legal encumbrances. Uncover insights into automated valuation models, detailed surveys, and reliable online tools to find out about the value of your property. 🔍 Read the full article --> https://lnkd.in/enEnmWmP

King's Speech 2024: Key Points on Housing 🏠 Renters' Rights Bill: Greater protections for renters, abolishing no-fault evictions, and reforming possession grounds. 🔨 Decent Homes Standard: Ensuring rental properties are safe and hazard-free. 🐾 Pet Rights: Tenants can request pets, and landlords must reasonably consider these requests 📉 Rental Bidding Wars: Introducing new laws to end competitive bidding for rental properties 🚫 Anti-Discrimination: Prohibiting discrimination against tenants receiving benefits or with children 🛡️ Council Enforcement Powers: Strengthening local council powers to identify and penalize unscrupulous landlords Read full speech  https://lnkd.in/euazKwc8 #ukhousing #pauzible

Buying a house at auction can be an effective way to find a unique property, but it might seem intimidating if you're new to the process. Whether you're a buyer looking for a great deal or a seller wanting a quick sale, understanding how property auctions work is crucial. This guide will clarify the process, explain the costs, and offer practical tips for both buyers and sellers. Get ready to confidently navigate the world of property auctions! What you'll learn: 📋 The Auction Process for Buyers: Step-by-step instructions on how to prepare and bid effectively. 💰 Buyer Costs at Auction: A breakdown of all potential expenses you might face. 🏠 The Auction Process for Sellers: Tips on how to prepare your property and set the right reserve price. 💼 Seller Costs at Auction: Understand the fees involved in selling your property at auction. 🏦 Buying at Auction with a Mortgage: Insights into how to secure financing for an auction purchase. ⚠️ Consequences of Failed Funding: Learn the risks and repercussions of not securing funding in time. 👉 Read the full article: https://lnkd.in/eppPqA-c #mortgageUK #pauzibleknowledge #pauzible

The latest ONS data shows that the Consumer Price Index (CPI) remained unchanged at 2% 📊, while the Consumer Prices Index including owner occupiers' housing costs (CPIH) held steady at 2.8% for the 12 months to June 2024 🏡. On a monthly basis, CPIH rose by 0.2% in June 2024, the same rate as in June 2023 📈. Similarly, CPI increased by 0.1% in June 2024, mirroring the rate from June 2023 🔄. The largest upward contribution to the monthly change in both CPIH and CPI annual rates came from restaurants and hotels 🍽️🏨, where hotel prices rose more than they did a year ago. Conversely, the largest downward contribution came from clothing and footwear 👗👞, with garment prices falling this year after rising a year ago. Read more --> https://lnkd.in/eRVfpXgf #UKeconomy #inflation #pauzible

🏡 How Long Does a Mortgage Application Take? 🕒 🔍 Discover the key stages and factors influencing the mortgage application timeline in our latest article. From pre-approval to completion, learn how to ensure a smooth process and what to expect at each step. ✨ Highlights: 1. Stages of the Mortgage Application 2. Factors Influencing the Timeline 3. Tips for a Smooth Process 4. Importance of Pre-Approval 5. Conveyancing, Survey, and Solicitors Timelines 📬 Subscribe now for the latest news, tips, and guides to navigate your property ownership journey! 👉 Read the full article https://lnkd.in/e6zb4fNp #mortgageUK #pauzibleknowledge #pauzible

According to the recent Bank of England survey released: 📊 The availability of both secured and unsecured credit to households remained stable in Q2 2024 📈 While secured credit is expected to see a slight increase by the end of Q3, unsecured credit is anticipated to remain unchanged 🏡 Demand for secured lending for house purchases rose, with remortgaging demand declining but expected to increase slightly in Q3 💳 Unsecured lending demand also grew, particularly for credit cards, though this is projected to decrease slightly in the upcoming quarter ⚠️ Lenders reported an increase in the default rate for secured loans, with a similar trend expected to continue into Q3 Read more --> https://lnkd.in/ezXvSedJ #bankofengland #pauzible

Home equity is the part of your property value you own outright after deducting any outstanding mortgages or loans. It's a vital aspect of property ownership in the UK, influencing your net worth and financial planning. Learn how to calculate, access, and build your home equity, and discover the benefits and risks of leveraging it. From debt consolidation to significant expense management, understand the strategic use of home equity and how it can impact your financial future. Key Highlights: 📊 Defining and calculating home equity 💸 Accessing equity through loans and equity release 🏡 Building equity via mortgage payments and property value appreciation ⚖️ Weighing the benefits and risks of leveraging home equity 📉 Understanding negative equity and its implications Explore how Pauzible offers innovative solutions for property owners to tap into their equity without increasing financial burdens. Please don’t hesitate to get in touch: 📧 hello@pauzible.com 📲 0208 865 3352 Read more --> https://lnkd.in/eVuexPYa #mortgageUK #homeequity #pauzibleknowledge #pauzible

First-time buyers are thriving despite economic challenges! FTBs maintain a steady market share of 29% in 2024, showing stronger recovery than home movers & BTL buyers. Key strategies: longer mortgage terms, compromising on size/location, and acting fast https://lnkd.in/dgruVqG7

According to a recent article from The Savills Blog, first-time buyers (FTBs) have shown remarkable resilience in the face of rising interest rates and falling house prices. Despite significant challenges, FTBs maintained a steady market share of 29% in 2024 (whole sales market). This indicates a stronger recovery compared to home movers and buy-to-let numbers, which remained 24% below their 2017-19 average levels as of April this year. FTBs have employed several strategies to adapt to these economic conditions, such as extending mortgage terms to an average of 31 years and compromising on property size or location. High rental growth has motivated many to purchase homes sooner, while stabilized mortgage markets and improved affordability have also supported this trend. Looking forward, potential interest rate cuts could further ease affordability, unlocking additional demand and providing more opportunities for first-time buyers. Read more --> https://lnkd.in/dgruVqG7 #ukmortgage #firsttimebuyer #pauzible #reinventinghomefinance

🏠🔒 Fixed-rate mortgages provide the stability and predictability essential for effective financial planning. This article offers tips for choosing the right fixed-rate mortgage term. Understanding the benefits and trade-offs of 2, 5, and 10-year fixed terms can help you make an informed decision tailored to your needs. Read the full article --> https://lnkd.in/e4xaGxp6 #mortgageUK #pauzibleknowledge #pauzible