The Wellingborough Property Blog

  The Chancellor’s Spring Statement delivered precisely two years after the first Covid lockdown, made its primary focus the need to address worries about the rising costs of living. However, elements in the statement are relevant to the property market, including cuts in VAT for green energy materials and a decision not to increase stamp duty surcharges on second home purchases. So, precisely what effect will the changes have on UK property owners?   Cuts In Energy-Saving Purchases For Homeowners in Northamptonshire Homeowners in the UK are set to benefit from slashed VAT on the purchase of energy-saving materials like insulation, heat pumps, and solar panels. Over the next 5 years, there will be 0% VAT to pay on materials designed to make homes more energy-efficient, down from 5% VAT relief.  It’s estimated that these tax savings are worth around £1000 upfront and will help reduce annual energy bills by around £300. It’s a welcome measure for homeowners and landlords al...

  BUYING A HOUSE VS FLAT IN NORTHAMPTONSHIRE: PROS, CONS AND HOW TO DECIDE If you’re thinking about buying a place of your own, you’ll need to decide which type of property you want to live in. While the price can often be a huge deciding factor, houses are not always more expensive than flats. Sometimes, choosing between the two depends on other factors. In this article, we’ll explore the differences between buying a house vs a flat in Northamptonshire and share our thoughts on the pros and cons to consider.   What are the Pros of Buying a House? 1.   You’ll Have More Control When you buy a house, you often purchase the freehold instead of the leasehold. With freehold ownership, you have more control over what you can do with and to the property. For example, you can decorate, renovate or extend your property without needing permission from a leaseholder. 2.   You Should Have Free Parking Generally, buying a house means you’ll have access to free street pa...

  WHEN IS THE RIGHT TIME TO HIRE A PROPERTY MANAGEMENT COMPANY IN NORTHAMPTONSHIRE? Property management companies are an invaluable element of the investment process. In the early stages of their investment career, many landlords overlook the value that solid management can bring. From sourcing quality tenants to ensuring that all legal requirements are met, an excellent management team frees up the landlord’s time to focus on doing what they do best. An Adaptable Approach Generally, property management companies work in a very flexible manner. This means they develop relationships with individual landlords, building a working pattern favouring all parties. Some landlords prefer to work ‘hands-on’ and seek the assistance of a management team only to advertise the home. Whereas other investors prefer to sit back and hand over complete control.  What Does a Property Management Company Do? Firstly, a management company will advertise the home. This will consist of sourcing a phot...