Sales

Try as we might to adopt a more European attitude and feel totally comfortable with renting our entire lives, many of us aspire to homeownership. It’s an aim that stems back to the 1980s when the then Prime Minister, Margaret Thatcher, set out to create a ‘property-owning democracy’.

In today’s Peterborough property market, the Bank of Mum and Dad remains a powerful force — and it’s only grown more influential. For many first-time buyers in Peterborough, parental help is not just a boost, it’s often the key to the front door.

Skips. Cement mixers. Brick dust. People with hard hats and high-viz jackets milling about. How do these make you feel? Just like Marmite, homeowners have a love/hate relationship with renovations. What camp do you fall in?

When you sell your home, you’ll want as many people to be impressed as possible. Buyers will make an assumption about your property within seconds, whether that’s when browsing photos online or looking at your property during a viewing.

Last week, the Bank of England's interest rate dropped to 4.5%, marking its third cut in under a year.  This decision follows a previous reduction in November 2024, with the rate remaining unchanged in December.  While most of the Bank’s policymakers supported the move to 4.5%, a minority favoured a more aggressive cut to 4.25%, highlighting the ongoing uncertainty surrounding the UK economy.  

In 2023, the Bank of Mum & Dad gifted or loaned an estimated £9.4 billion to adult children buying a property. It’s a sum that has almost doubled since 2019, with generous parents and even grandparents keen to help loved ones get a foot on the property ladder.

Yes it’s a cliché but will 2025 be a case of ‘New Year, new home?’ If you are serious about purchasing a property, almost everything will be dictated by your monetary situation. Here’s how to get your finances in order before you start looking for a new home.

For decades, baby boomers in the UK have been the quiet beneficiaries of a housing market that has worked in their favour. Rising property prices and a growing housing shortage have pushed home values sky-high, giving this generation substantial equity in their homes. However, as more and more boomers enter retirement age, a new reality sets in, and the properties they need for this next stage of life are almost impossible to find.

It is one of the most unusual property phenomena but the Boxing Day bounce is real and potential sellers can prepare for it now.

Are you a Peterborough homeowner or landlord? Are you thinking of selling your home or property in early 2025?

Then, in this article, let me show you how long it will take, on average, to find a buyer for your Peterborough home and how long solicitors will take to get you moved.

The number of agreed UK property sales until Saturday, 22^nd November 2024, is 18% higher than a year ago.

Data held by the Ministry of Housing, Communities and Local Government estimates there are almost 5 million leasehold homes in England alone. As a result, many people buy, and subsequently sell, a leasehold property.