If you are looking to buy an investment property but you don’t know how to move forward, then check out our 5 part guide to see you through the whole process.
This series of five blog articles will give you invaluable information as to what you should consider and the processes you’ll need to go through to get you in pole position as a buyer.
- Know your objectives – Are you looking for capital appreciation or a rental income as this is key to where and what to buy. Unless you have a substantial deposit, it is unlikely you will achieve both
- Be realistic in expectations. To work out the income return/yield, divide the likely annual rental income into the purchase price. If you get above 4.5% with a minimum deposit, you’re doing okay.
- Buy without sentiment. This property is not going to be one that you’ll need to put your personal seal on, be practical.
- Think long term for growth. Refurbishments can offer capital growth in the short term only if you have the expertise.
By Simon Murray, Financial Consultant Your Move Surbiton
If you are a cat owner, then you know that they are creatures of strong habits that feel most at home with familiar routines and an unchanging habitat. Moving house can be an incredibly stressful event for them since you'll be pulling them out of the comfort of what they know and taking them to a completely alien and unknown new home. You should make sure you prepare for these changes as carefully as you can, so your furry feline friends won't suffer the changes as much as they would otherwise.
If you have to travel around the country while staying overnight during your house removal you should make sure you find a place that is pet-friendly. You should never leave your cat inside your vehicle during the night. When it comes to car travel, keep in mind that your cats will likely feel nervous while riding inside the vehicle. Cars are noisy and cats have sensitive hearing as well as the fact that they are not very good with changes. You will need to keep the cat inside its carrier, safely secured with a seatbelt. If your cat is always howling and getting extremely stressed-out you should talk to your veterinarian whether its not a bad idea to give her a mild sedative to keep her calm or asleep during the trip. Make sure you prepare a bag of cat supplies on the go so you could take care of them. You will need a number of items such as water dishes, a litter tray with clean litter and plastic bags as well as food. Grab a blanket as well so you could cover the carrier if your cat is a fearful one.
If you have to move back and forth between your old home and your new one you should leave your cat for the last trip so they won't have to deal with the stress of moving. Place it in a single room and avoid taking it along until the very end. Make sure it has its familiar toys and bed around so it won't get stressed-out.
Once you arrive at your new home after the removal you can let the cat out to explore and check out its new habitat. Make sure you have all your doors and windows closed, going so far as to even block chimneys if you have to. Some cats are very curious and since they are excellent climbers you should keep that in mind. Once all the heavier pieces of furniture and other possessions are put up you can let the cat out. You wouldn't want it in the way when you're unpacking so try to ignore its pleas or let the kitty out in a different room where it will have a chance to explore without getting in the way.
In the end, the most important thing one should remember is that pets need reassurance and lots of love during a period like that. Movinghouse is a stressful time for all, but that goes doubly so for pets as they often don't understand what's going on.
Guest post by Removalserviceslondon.com
January 14, 2014 12:14 by Admin
With an increasing number of banks and building societies offering Help to Buy mortgages, Your Move Chris Stonock are seeing a rise in the number of queries about the scheme. To help answer questions, our Financial Consultants tell us the most common questions they are asked.
Is there a catch with Help to Buy? What else is involved?
Steve Lynn, Financial Consultant for branches in Houghton le Spring and Washington, said, “there are lots of terms and conditions attached to the Help to Buy mortgage schemes. As well as requiring a minimum 5% deposit, the maximum purchase price is £600,000 and the scheme is not open to those looking for buy to let properties. It’s a good idea to speak to a Financial Consultant about these Terms and Conditions to see if Help to Buy would be right for you.”
Who can apply for Help to Buy? Will lending criteria be a bit more relaxed?
David Clark, Financial Consultant for branches in Chester le Street and Durham states, “you will have to pass financial affordability tests to make sure you can afford the repayments. Unfortunately, if you do not meet the lenders mortgage criteria and Help to Buy terms and conditions, you will not be offered help. You will also not be offered help if you are looking for a buy to let property. However, the good news is you do not have to be under a certain income threshold to use the Help to Buy scheme.”
Can I sell the home I buy when I have a Help to Buy mortgage?
How many lenders are offering the scheme?
David Warnaby, Financial Consultant for branches Consett and Rowlands Gill, “At the end of 2013 the only high street banks offering Help to Buy mortgages were Halifax, Natwest and Royal Bank of Scotland. However, since the start of 2014 more lenders have announced their deals with potentially more lenders still to announce”.
Our branches are holding open days throughout January and February to help you!
For a FREE no obligation meeting* with one of our Financial Consultants, contact your local Your Move branch for more information!
01/14 ADH 178
It’s 2014 and time to make those New Year resolutions, and for those thinking of giving up smoking there is more good news!
If you currently have life insurance for your mortgage, once you have given up smoking for twelve months you can drastically reduce your monthly premium payment, saving you even more money than just a packet of cigarettes*.
Your Move have financial advisors available to review your criteria once you hit that magic twelve month mark, so when you’ve kicked it, contact Your Move to save you money.
We have included some handy tips and benefits to help you on your way
Tips to Quit Smoking
- Get your calculator handy and work out how many packs of cigarettes you smoke and see how much you are going to save. Then plan what you are going to do with the savings....holidays, new car, new kitchen for your home?
- Keep busy ! Find a hobby. Does the house need some decorating ? ...or even join a gym
- Make a list for yourself as to why you should quit
- Cravings ? Work out how you are going to deal with these, perhaps downloading a game for your phone, so you have something else in your hand to keep you occupied.
- Socialising ? Keep chatting to your friends IN the pub, as opposed to the ones that have gone outside to the smoking area (It’s warmer inside!)
- Make your home a non smoking house, you will be less reluctant to go outside when it’s raining to smoke! Properties that are smoke free are easier to sell too!
- You will be richer!
- Teeth become whiter over time
- Your life expectancy also improves
- Book that restaurant! Your smell and taste also improves
- Breathing becomes easier
- There are numerous health benefits, but even your skin looks younger, so you can even save money on all those beauty products!
Your Move wishes you the best of luck with your resolution...and remember keep positive and think about those tips and benefits every time you have those cravings.
by Phil Gulvin [Branch Manager, Sutton, Surrey]
*Customers have to be nicotine free (including nicotine substitutes) for twelve months before life premiums can be assessed and possibly reduced.
ADH 179 01/14
January is a fantastic time to think about getting your house on the market. At Your Move we see a spike in visitor numbers to our website at this time of year.
We have put together some useful guides to help you; from preparing your home for sale to moving out.
Prepare Your Home for Sale
Prepare for a Viewing
Checklist for Moving House