The Wellingborough Property Blog

  7 EASY WAYS TO SAVE A DEPOSIT FOR YOUR FIRST HOME IN NORTHAMPTONSHIRE Lots of people dream of no longer living with their parents or throwing money at their landlord every month and instead buying their own home in Northamptonshire. However, one of the things that often stands in the way of first time buyers is raising a deposit. The average house price in the UK is just over £234k, and nearly all mortgages require a 5% deposit, so that’s a large amount to save. With this in mind, here are some ways you can raise the cash to get on the property ladder. 1.  Look carefully at your outgoings While you may think you’re living quite frugally, most people have some areas where they can cut back a little. For example, if you buy a £2.75 takeaway coffee every working day, that works out at £55 a month or a whopping £3,300 over five years. Even chipping away at these small expenses can improve your finances, and when it comes to applying for a mortgage, you can show that you have a p...

  Record year for first-time buyers stepping onto the ladder, as more than 400,000 buy their first home. The highest number in 20 years. Key takeaways The number of people taking their first step on the property ladder soared to a 20-year high in 2021 An estimated 408,379 people bought their first home during the year, 35% more than in 2020 First-time buyers accounted for 50% of all people purchasing a property with a mortgage in 2021, up from a low of 36% in 2007 during the global financial crisis The number of people taking their first step on the property ladder soared to a 20-year high in 2021. An estimated 408,379 people bought their first home during the year, 35% more than in 2020, according to Yorkshire Building Society. It was the first time that first-time buyer numbers have broken through the 400,000 threshold since 2006, while the figure was also more than double the 200,000 people who purchased their first home each year between 2008 and 2012. First-time buyers account...

  Four reasons to get your home ready to sell before Christmas Are you thinking of selling your home in the new year, but planning to wait until January? Sellers often wait until well after Christmas to get their home on the market, but there’s still time to get a head-start on 2022 by preparing to sell now.  We’ve already seen a 19% jump this month in the number of home-owners starting the selling process by requesting a  property valuation from an estate agent via Rightmove , compared to the same period last year.  With more homeowners getting ready to move, we can expect to see more properties for buyers to choose from in the new year. There are lots of reasons why it’s a great idea to  get your home ready to sell  before the festive season begins. Take a look. 1. Be ready for the ‘Boxing Day boom’ in buyer demand Boxing Day marks the start of the 2022 home-buying season. Every year we see more and more people browsing properties on Rightmove during the ...

  3 THINGS TO KNOW ABOUT  LANDLORD INSURANCE IN  NORTHAMPTONSHIRE Are You Thinking About Investing In Landlord Insurance? While It May Not Be A Legal Requirement, You’re Leaving Yourself Open To A Huge Amount Of Risk Without It. Here are the most important things you should know about landlord insurance, including what it is and what type of insurance you should get. What Is Landlord Insurance? Landlord insurance provides you with protection against the risks associated with renting to tenants. Usually, landlord insurance includes protection against things like damages to the building or contents. But there are other optional policies you can take out, like cover for boiler breakages or missed rent payments. What Type of Landlord Insurance Should You Get? There are many different types of landlord insurance available. Each one will cover you for different circumstances. The main types of cover available include: Building  – Covers the repair of structural damage, plu...

  5 THINGS TENANTS WANT FROM A RENTAL HOME IN NORTHAMPTONSHIRE The wish list for tenants is ever-growing. As the rental market becomes even more competitive, people are looking for more features in a rental than just a good location and a clean property. Using our expertise here at Chelton Brown, we’ve come up with the five things that Northamptonshire tenants want from a rental. 1. Ample Storage Space Storage space is one of the most desirable features for any home nowadays. New builds are prioritising storage in their designs as a standard practice. If your rental is an older building, then it’s likely that built-in storage is in limited supply. To attract tenants in Northamptonshire, consider providing them with access to the loft or a garden shed. If this isn’t available, you could supply a small wardrobe or set of drawers, or even invest in a built-in storage cupboard that can be squeezed into a hallway or living room. 2. Home Office Space Remote working is soaring in populari...

  HOW TO WINTERPROOF YOUR NORTHAMPTONSHIRE HOME Winter(Proofing) Is Coming… In many ways, this has been a strange year, hasn’t it? But, you can rely on the seasons to come and go and soon it will be winter. Some people don’t like the cold and the snow and the rain, while some people believe it is a magical time of year. Whatever your thoughts, it is now getting closer to the time when you will need to winterproof your Northamptonshire home and garden. It’s important, but not everyone thinks of winterproofing. It can save you money, and it can ensure that your house is ready for the harshest of weathers. Here are our top five tips when it comes to winterproofing your home in Northamptonshire. 1.  In The Garden It’s obvious that winter can play havoc with your garden. All those plants you’ve been tending to over the spring and summer months are in for a shock when the cold weather kicks in. So, it’s best to look at what needs doing and to make a list of all the tasks that need c...

                                                                   PENSIONS VS PROPERTY: SHOULD YOU SAVE FOR RETIREMENT OR INVEST IN PROPERTY?   Whether you want to invest in property or save for retirement, there are plenty of pros and cons for each. If you’re unsure what’s best for you, this guide should help to give you a few handy tips to fit your circumstances. Property – The Pros If you find the right property then you could have a fixed income for life. Rental yields can be as high as 8% in some cities, and demand for rental properties is very high, especially in cities. With demand often outstripping supply, there’s no reason why your property can’t remain permanently occupied if it’s in the right location. Another advantage of a property vs a pension is that you can cash in at...