Repossessed Houses For Sale
We understand that mortgages in the UK may not be the most exciting thing to discuss! But they are an important thing nonetheless. And if you want to obtain the best deals then you will have more success being in the know.
To understand snagging and when to carry out a snagging inspection is very important, especially when we are looking at a new build home. If you’re wondering ‘what is snagging?’ and do not understand the ins and outs of a snagging survey or when a snagging report should be carried out this guide is for you!
There are plenty of different ways for you to buy a new home! However, buying a house can often be a difficult process. There are chains, ladders, agencies, surveyors and more that you will need to think about. It’s often more than a lot of people have time to handle! However, one of the quickest ways you can find yourself a home bargain is to bid on a repossessed property. (more…)
What are the basic principles of investment? Buy low sell high. If you are able to follow this formula with all your transactions, you’d do very well for yourself. Impossible, right?
But there is a way to do this consistently. Through property investment. It’s called Buy & Fix. Americans call it Buy & Flip.
For anyone with money to invest, one of the go-to options for most people is property. Whether you are looking for a single property investment or are going to delve deeper with a full property investment portfolio, it’s vital you understand the sector. With money to spend, there will be no shortage of companies offering their services. Your options will be wide-ranging and varied, but it’s often beneficial to work with one company, especially when you need a mortgage too.
If property investment wasn’t confusing and stressful enough, there are a number of things to look out for when viewing your ideal home. These can include anything from insulation, mould or even the roof.
If you have a property which you are looking to buy to let or have any existing properties and want to know what a good rental yield is, we will be going through it in today’s blog.
Buying a repossessed house can be of great value to your financial situation. Repossessed houses are mostly sold at a price below their market value because the auction that is selling them wants to recoup their original costs. Moreover, you will have to pay only for the legal fees and for other things of daily use that are being sold along with the house.
Here are some of the most common mistakes that people make while buying a repossessed house:
It is possible that you are the owner of a property you invested in, and you have tenants living in that property, from whom you collect rent? Now if that is the case, you must declare the rental income you receive from this when you file your taxes.
When a homeowner defaults on a mortgage or any other financial agreement, the lender can seize their property. They will then sell the property to get back the money the previous homeowner owed them. (more…)