One of the biggest worries for anyone buying or selling a home is the possibility of the deal falling through. And it's a valid concern - nearly 29% of property sales in the UK didn't make it to completion in 2024. Whether due to cold feet, poor survey results, or mortgage issues, it's more common than most people think.
Buying a property is a big decision by anyone's standards, which is why it's important to view one with a practical hat on rather than being ruled by your heart.
Buying a home is a major financial commitment and for most of us, it's the biggest purchase we'll ever make. Whether this is your first time stepping on the property ladder, you're an existing homeowner or you're investing in a property for commercial purposes, checking things out thoroughly is always essential. One of the most effective tools to assist with this is a property survey but, what might a survey uncover and how will that affect your property purchase?
Purchasing a home is one of the most significant financial commitments most of us are likely to undertake. It encompasses a multitude of considerations and potential stumbling blocks. But as part of the complex process, many overlook the critical importance of a thorough property survey.
At the start of a new year, thoughts often turn to property and, if you haven't already stepped onto the first rung of the ladder, you might question whether this is your year to buy.
A pool has long been seen as the ultimate luxury addition to a home, and for buyers seeking their next dream home, it could be the selling point that swings a particular property in their favour. But before you dive in and purchase a property with a pool, there are some important factors to consider about the upkeep and costs required.
Buying a home is one of the biggest financial decisions most people will ever make. While it's exciting to find your dream property, it's critically important not to get swept away in the moment.
Your garden is an extension of your living space that can be enjoyed in a myriad of ways throughout the seasons. Whether you plan to use it for hosting gatherings of friends and family, or a quiet, tranquil space to relax in private, it's important to make each millimetre of available space count.
Embracing smart home technology is becoming increasingly popular among UK homeowners. It can be done when you move in or at the home renovating stage to boost your property's value and to appease your personal preference for clever gadgets.
The term 'memorandum of sale' may sound like incomprehensible legal jargon, but it's actually reasonably straightforward. Once a buyer has agreed to purchase a property at the seller's desired price, a memorandum of sale is issued. This is not a legally binding document; moreover, it signals the intent of the buyer to purchase the property and the owner's intent to sell at the agreed price.
Nick Neale shares some valuable advice on making offers on your ideal property.
Extending a property can seem overwhelming when there are so many different ways to go about it. Have a look at our guide to extensions to choose the best option to improve family life and even add value in the process.
So, you're thinking of buying a new home? That's great news! Is it a trendy three-bed terrace in a cul-de-sac? Or do you fancy a penthouse apartment with city views? Whatever the property type, we're sure you're excited about your soon-to-be new home.
In case you don't know by now, a property chain is when multiple transactions are linked together and need to be completed at the same time for each sale to be successful. However, many buyers and sellers often wonder about the length of a property chain.
Unfortunately, bagging your dream home can be curtailed by a number of things. Being unable to get a big enough mortgage can be an issue that arises.
Have you ever noticed the words "chain free" when searching for a new home? If you have, it means you were looking at a property that didn't require an onward purchase to complete, which reduces the chances of the chain breaking down.
Cash: money in coins or notes, as distinct from cheques, money orders, or credit.
Recently, we looked at chain-free buying and what it means for homeowners. However, there is another term you might come across and not instantly recognise: no onward chain. If you're not familiar with the world of buying a property without a chain, these terms can add more confusion – especially when there isn't much readily available information.