If you’ve fallen in love with a new property and want to buy it, you may decide that it would be perfect with the addition of a new room, change of usage on one or two of the rooms, or a loft conversion. If you think that you may wish to carry out major developments to your new property then it’s worth thinking ahead as it will mean getting involved in obtaining planning permission from your Council.
buying a house NW
Poor credit rating and identity fraud - moving house can expose you to risk.
If you move house, you could well be picking up a bad credit rating from the previous owners or tenants as the address could be black-listed. It’s hard to check this sort of detail, but ask the letting agent or conduct your own checks using credit scoring agencies where you can. Look at any post that arrives for the occupier or any bills that are clearly demands and see if you can contact the supplier to let them know that this is nothing to do with you and get them to take you off their records.
While house prices are rising, there is still a big difference in prices between North and South and, overall, a lack of supply to fulfill the rising demand. Trawling through the property listings and comparing data, it would be easy to get confused. According to the Royal Institute of Chartered Surveyors (RICS) the market is dead-locked with no new instructions. Buyer interest is hotting up, yet the flow of properties onto the market is not coming through. It also believes that the Government’s Help-to-Buy scheme has had an impact on the rental market, slowing it down.
There's no doubt that Help-to-Buy will even the score when it comes to being in a position to get a foot on the property ladder. Until now, the lack of high loan-to-value mortgages has completely stifled the market. Banks that have signed up to the new scheme include Lloyds Banking Group, Santander, HSBC, Barclays and Royal Bank of Scotland so you might like to make these your first port of call when making an appointment with a mortgage advisor.