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What Should I Know About Equity And Using it As A Deposit
What Sh?ould I Know About Equity And Using it As A Deposit
If you’re selling your property in Margate, Kent, finding a deposit to purchase your next home may present a challenge. However, if you currently have equity in your existing home, you may be wondering whether you can put it down as a deposit on the home of your dreams.
At Thomas Jackson Estate Agents, we’re often asked this question, so here is our expert insight.
Nov 21, 2023
What’s Happening in the UK Property Market: September 2023
Interest rates have finally been frozen, rental costs have hit new highs and sadly mortgage arrears are on the rise. Read on to find out the latest on all this and more.
UK Interest Rates Frozen
After 14 straight increases, the Bank of England has announced a freeze on their base interest rate, which remains at 5.25%.
The surprising move has already had a positive impact on property buyers and homeowners who will be remortgaging in the coming months. Nationwide was the first major lender to reveal a reduction in mortgage rates, with other lenders expected to follow suit in the coming weeks.
The surprising move by the Bank to freeze rates, comes after inflation was revealed to have slowed to 6.7% in August – a far bigger fall than was expected, but still a long way above the Bank’s 2% target.
Oct 2, 2023
What Are Title Deeds? A Buyer’s Guide
Title Deeds Are The Record Of A Property And Land’s Ownership
If you’re ready to buy a property in Thanet, Kent, it’s important to be aware of the importance of title needs. While most prospective buyers have heard about title deeds, a surprising number of people that we work with here at Thomas Jackson Estate Agents aren’t sure what they are or where to find them.
That’s why we’re bringing you this article today, so you can gain a better understanding of what title deeds are, why they matter, and whether or not you should purchase a home without title deeds.
Jul 4, 2023
I’m Buying A Property in Margate, Kent – Do I Need To Take Out Life Insurance?
At Thomas Jackson Estate Agents , we see clients every day who are considering purchasing a property in Thanet, Kent and who have questions that they need to be answered. One question that often arises is “do I need to take out life insurance if I’m buying a property?” So, let’s take a look at that question and give you the answers you need.
May 30, 2023
A Landlord’s Guide To The “Covenant Of Quiet Enjoyment”
What Is Meant By The Term “Covenant Of Quiet Enjoyment”
When it comes to rules and regulations, there’s a lot that landlords in Margate, Kent need to keep in mind, and it isn’t surprising that here at Thomas Jackson Estate Agents , we often encounter some confusion, especially when it comes to their right to access the property.
After all, legally, a landlord is held responsible for repairs and safety, and they can be hit with financial penalties if they fail to comply. But if they enter their property without permission from the tenant, they may end up being sued for trespassing and breaching their tenant’s rights under the “Covenant Of Quiet Enjoyment”.
Here, we take a closer look at this covenant and what it means for both landlords and tenants alike.
Apr 11, 2023
What Is A Money Laundering Check When Purchasing A Property?
AML Checks Are Extremely Important!
When you’re buying a property in Margate, Kent, you may be surprised to discover that you have to prove you aren’t laundering money when you buy. Yet, these checks are extremely important, and they are a key part of the purchasing process.
Here, the Thomas Jackson Estate Agents team explain what these checks involve and which documentation you’ll need to supply to the authorities.
Mar 14, 2023
