Blog

Welcome to the Hackney & Leigh Estate Agent’s blog for all your property news, home improvements, interior design,  selling tips and more!

Want the latest property news, top tips and more straight to your inbox?

Join our weekly update:

  • This field is for validation purposes and should be left unchanged.

 

You can still move home!

 

Another national lockdown is in place, but as with the second lockdown in Autumn, the government have decided to keep the housing market open.

As before, and with the right precautions and procedures in place, we are able to assist those thinking about making a change, and wanting to move home.

We are able to show people around the fabulous homes we have for sale and to rent, and come out to give advice and guidance to those and wanting to buy, sell, rent or improve their home.

In line with government guidance, and with the health and safety of those involved always in mind, we can continue:

Continue reading » “You can still move home!”

Mortgages, Covid and Furlough

Like all businesses, Mortgage lenders are having to adapt to new ways of working with Covid 19, and each has responded differently, altering the way in which they do business, or making changes to their product ranges and lending criteria.

Lenders have a duty to ensure they lend responsibly, and many have changed the amount they will lend to customers.

There are currently far fewer options when borrowing over 85% of the property value, and borrowing over 90% can be particularly challenging.

Some lenders have introduced family assisted mortgages, which are designed to help first time buyers, and could be a great option for some.

The threat of a further downturn in the economy, and borrowers potentially being unable to keep up repayments on their mortgage is obviously a concern for lenders, and this is a particular issue for customers who are applying for a mortgage and whilst on the furlough scheme.

Continue reading » “Mortgages, Covid and Furlough”

Lockdown with a Difference

Another national lockdown is in place, but this time round there are some significant differences to earlier in the year, and we are all trying to fathom out exactly what it means for each of us, and more importantly how it will impact our lives!

One of the big differences within the world of property is that, while we still had a small team in place throughout the first lockdown, looking after the hundreds of properties we manage for clients, we were unable to show people around the fabulous homes we have for sale and to rent, or indeed come out and give advice and guidance to those thinking about making a change, and wanting to buy, sell, rent or improve their home.

Continue reading » “Lockdown with a Difference”

Stamp Duty Holiday Part 2

Stamp duty holiday for 265 days from today!

Well we didn’t imagine that the esteemed Chancellor Rishi Sunak would this week, provide us with a really positive, helpful, and cost saving topic for the local and national property market – but he did bless him!

As many of you will already know our local property market is generally buoyant, and in some areas extremely active. Those who follow these updates will have seen last week’s that referred to simply excellent activity and results in June (in several of our offices they were better than June 2019!).

Continue reading » “Stamp Duty Holiday Part 2”

Stamp Duty Holiday

Breaking News – Stamp Duty Holiday

The government have announced they are increasing the threshold at which you start paying Stamp Duty Land Tax (SDLT) from £125,000 to £500,000 with immediate effect!

This could save you thousands on your purchase.

The stamp duty holiday applies from midnight last night, which means that anyone completing a purchase of a main residence today will still get the benefit. (Which could be worth nearly £15,000 for a property priced at just under the £500,000 top limit!).

Those people buying a home over the £500,000 limit, will save on the SDLT due up to half a million pounds, but will still have to start paying the duty at 5% for the amount paid above £500,000, rising to 10% and 12% for the most expensive properties.

It is estimated the tax break will cost the Treasury £3.8bn, and is due to last until March 2021.

For further advice, please contact us today and see if we can help find you your next home.

Contact Us

The New Normal

Here we are at the beginning of July – it seemed so far away back in March didn’t it?

We have talked to you on many topics since the start of the pandemic, some of which we hope were useful!

We have also been criticised by some who were of a mind to believe what they read in the papers, where doom and gloom were being preached, and we even lost a sale as a result of a buyer being given negative advice (as it turns out, it was from a professional advisor!).

Continue reading » “The New Normal”