what could a Labour government mean for the housing market?
Now that a Labour government has been confirmed, we take a closer look at what they’ve pledged to do for the housing market.
Building new homes
Labour plan to build 1.5 million homes over the next five years, and update the National Policy Planning Framework.
Stamp duty
First-time buyers currently pay no stamp duty on homes priced up to £425,000. However, this relief is due to end next year. Previously, the threshold for first-time buyers to pay stamp duty was set at £300,000. Labour plan to keep the current stamp duty exemption for first-time buyers that’s in place, but haven’t committed to extending it beyond the end of March 2025 expiry date.
Help for renters
Labour has pledged to ban no-fault evictions. They are also looking to have ‘Awaab’s law’ – which currently applies to social housing only – apply to the private rental sector. This requires landlords to investigate and fix reported health hazards within specified timeframes.
They’ve also pledged to ‘empower tenants to challenge unreasonable rent increases’.
Help for first-time buyers
Labour hope to help 80,000 more people get onto the property ladder with a comprehensive mortgage guarantee scheme, as well as offering ‘first dibs’ to locals looking to buy their first home in a new development.
Mortgages
Labour has pledged a ‘Freedom to Buy’ mortgage guarantee scheme, aimed at first-time buyers with smaller deposits. While not a pledge in itself, Labour have also outlined a commitment to keeping mortgage rates ‘as low as possible’.
Making homes greener
Labour has said that all private rental properties will need to be rated EPC C by 2030. It’s worth noting that they’ve said no one will be forced to remove their old gas boiler as part of these plans.
They also plan to deliver a national Warm Homes Plan over a decade which could apply to up to 5 million homes, with the aim to eliminate fuel poverty by 2030.
Getting your garden summer-ready doesn't have to be expensive. With a bit of creativity and some DIY efforts, you can transform your outdoor space into a beautiful and enjoyable area. Here are some top tips on affordable ways to prepare your garden for the summer:
1. Clean Up
Start by tidying up your garden. Clear out any debris like fallen branches, dead leaves, and weeds. This cleanup alone can make a significant difference in how your garden looks and feels.
2. Repurpose and Recycle
Use items you already have or can easily reclaim to add interest to your garden. Old pallets can be turned into planters, benches, or even a vertical garden. Recycled containers can make unique plant pots, and unused furniture can be repainted for outdoor use.
3. Plant Perennials
Invest in perennial plants, which come back year after year, reducing the need for purchasing new plants each season. They might cost more upfront but are more economical in the long run.
4. Mulch Generously
Mulching helps retain soil moisture, suppress weeds, and improve soil quality. It also gives your garden beds a neat and tidy appearance. You can often get mulch for free or at a low cost from local tree services or municipal green waste programs.
5. DIY Your Decor
Get creative with garden decorations. Paint stones to create colorful markers for your plants or make a wind chime from old cutlery. Use what you have around the house to add a personal touch to your garden without spending a lot.
6. Use Seeds Instead of Seedlings
Growing plants from seeds rather than buying seedlings can save a lot of money. Start seeds indoors if you're in a cooler climate, and transfer them outside once the weather warms up.
7. Choose Low-Maintenance Plants
Opt for plants that are native to your area as they are more likely to thrive with minimal care. This will save you on watering and fertilising costs.
8. Create a Compost Area
Instead of buying fertiliser, start composting kitchen and garden waste. Composting enriches the soil, helping plants grow better, and it’s free.
9. Water Wisely
Set up a rain barrel to collect rainwater for irrigation, which will help cut down your water bill. Water your garden in the early morning or late evening to minimise evaporation.
10. Plan Your Space
Before buying anything, plan your garden space. Decide what type of plants you want and where they should go based on sunlight and soil type. This planning helps avoid wasting money on unsuitable plants or garden accessories.
11. Propagate Existing Plants
Learn how to propagate plants from cuttings or by dividing them. This can be an easy and free way to expand your garden and fill up more space with greenery.
12. Swap Plants with Friends
Get involved in plant swaps. Trading plants with friends or community members is a fun and free way to diversify your garden.
By following these tips, you can create a beautiful garden ready for the summer without breaking the bank. Each step not only saves money but also adds a touch of personal pride and joy as you watch your garden flourish.
When searching for a starter home, it's essential to consider various factors to ensure that the property meets your needs and fits within your budget. Here are some key things to look out for:
Location: Consider the location of the starter home carefully. Look for neighborhoods with good schools, low crime rates, access to amenities such as parks, shopping centers, and public transportation, and proximity to your workplace.
Affordability: Determine your budget and stick to it when searching for a starter home. Consider not only the purchase price but also ongoing costs such as property taxes, homeowners insurance, utilities, and maintenance expenses.
Size and Layout: Assess the size and layout of the home to ensure it meets your current and future needs. While a starter home may not need to be large, it should have enough space for your family to live comfortably. Consider factors such as the number of bedrooms and bathrooms, the layout of the living areas, and the functionality of the kitchen and other spaces.
Condition: Evaluate the condition of the property carefully. Look for signs of wear and tear, such as cracked walls, water damage, or outdated fixtures. While some cosmetic issues can be easily fixed, major structural problems or maintenance issues could end up costing you more in the long run.
Home Inspection: Before making an offer on a starter home, it's crucial to have a professional home inspection. A qualified inspector can identify any hidden issues with the property, such as plumbing or electrical problems, foundation issues, or pest infestations, helping you make an informed decision about whether to proceed with the purchase.
Future Potential: Consider the potential for future appreciation when choosing a starter home. Look for properties in neighbourhoods that are up-and-coming or undergoing revitalisation, as these areas may see increased property values over time.
Outdoor Space: Evaluate the outdoor space associated with the home, including the size of the yard, landscaping, and any outdoor amenities such as a patio or deck. Outdoor space can significantly enhance your quality of life, especially if you have children or pets.
Resale Value: While a starter home is typically not intended to be your forever home, it's essential to consider its resale value. Choose a property in a desirable location with features that appeal to a broad range of buyers, as this will make it easier to sell when the time comes to upgrade.
Homeowners Association (HOA) Rules: If the starter home is located in a community with a homeowners association, familiarise yourself with the HOA rules and regulations. Understand the monthly dues, any restrictions on property use or modifications, and the services provided by the HOA.
Financing Options: Explore your financing options when purchasing a starter home. Consider factors such as interest rates, loan terms, and down payment requirements to find the most suitable mortgage for your situation.
By carefully considering these factors and working with a knowledgeable real estate agent, you can find a starter home that meets your needs, fits within your budget, and sets you on the path to homeownership.
Getting a mortgage involves several key steps, and the process can vary depending on your location, the lender you choose, and your financial situation. Here are the general steps to getting a mortgage:
Assess Your Finances:
Before applying for a mortgage, assess your financial situation. Determine your income, expenses, credit score, and overall financial health. This will help you understand how much you can afford to borrow.
Check Your Credit Score:
Obtain a copy of your credit report and check your credit score. A higher credit score generally makes it easier to qualify for a mortgage and may result in more favorable terms.
Set a Budget:
Determine how much you can afford to borrow and what monthly mortgage payments you can comfortably make. Consider factors such as your income, existing debts, and living expenses.
Save for a Down Payment:
Save for a down payment, which is a percentage of the home's purchase price that you pay upfront. The down payment requirement varies but is typically between 3% and 20% of the home's value.
Pre-Approval:
Get pre-approved for a mortgage by submitting a mortgage application to a lender. Pre-approval provides an estimate of the loan amount you qualify for, making it easier to shop for homes within your budget.
Choose a Mortgage Type:
There are various types of mortgages, including fixed-rate, adjustable-rate, FHA, VA, and others. Choose the type of mortgage that best suits your financial goals and circumstances.
Compare Lenders:
Shop around and compare mortgage offers from different lenders. Consider interest rates, loan terms, fees, and customer service. Mortgage brokers can also help you explore multiple options.
Submit a Formal Mortgage Application:
Once you've chosen a lender, submit a formal mortgage application. You'll need to provide detailed information about your finances, employment history, and the property you intend to purchase.
Underwriting:
The lender will conduct a thorough review of your application, including verifying your income, assessing your creditworthiness, and appraising the property. This process is known as underwriting.
Receive Loan Estimate:
After underwriting, the lender will provide you with a Loan Estimate, which details the terms and estimated costs associated with the mortgage. Review this document carefully.
Home Inspection and Appraisal:
Conduct a home inspection to identify any potential issues with the property. The lender will also order an appraisal to determine the fair market value of the home.
Final Approval:
Once the underwriting process is complete, the lender will issue a final approval, and you'll receive a Closing Disclosure that provides the final details of the loan terms and closing costs.
Closing:
Attend the closing, where you'll sign the final loan documents and transfer ownership of the property. You'll also pay closing costs, including the down payment.
Move In:
After closing, you'll receive the keys to your new home, and the mortgage process is complete. Make sure to stay current on your mortgage payments to maintain homeownership.
It's important to note that the mortgage process can be complex, and working with a mortgage professional or loan officer can provide guidance and support throughout the process. Additionally, understanding the terms and conditions of your mortgage agreement is crucial, so don't hesitate to ask questions and seek clarification on any aspects that are unclear.
Living in an apartment in the United Kingdom presents a range of advantages that cater to the diverse lifestyles and needs of its residents. Here are some key benefits of apartment living in the UK:
Urban Convenience: Apartments in the UK are often located in bustling urban centers, providing easy access to employment opportunities, cultural attractions, shopping districts, and public transportation networks. This urban proximity can lead to a vibrant and dynamic lifestyle.
Affordability: In many parts of the UK, housing costs can be high. Apartments often offer a more affordable housing option than owning a house, especially in expensive metropolitan areas like London. This affordability makes it possible for individuals and families to live in desirable locations.
Low Maintenance: Apartment living typically comes with the advantage of lower maintenance responsibilities. Property management companies or landlords often handle maintenance tasks such as repairs, landscaping, and common area upkeep, sparing residents the hassle and cost of these tasks.
Amenities: Many UK apartment complexes are equipped with modern amenities such as fitness centers, communal lounges, concierge services, and in some cases, rooftop gardens or pools. These amenities enhance residents' quality of life and provide recreational opportunities within their buildings.
Security: Apartments often feature security measures like secure entrances, CCTV surveillance, and on-site security personnel. This heightened security provides peace of mind for residents, particularly in urban areas.
Energy Efficiency: Modern apartment buildings in the UK are constructed with energy efficiency in mind. They often have well-insulated walls, double-glazed windows, and energy-efficient heating and cooling systems, which can result in lower utility bills compared to older homes.
Access to Public Transportation: Many apartments are located near major transportation hubs, making it easy for residents to access buses, trams, trains, and underground services. This proximity to public transport can reduce the need for car ownership and lower commuting costs.
Cultural Opportunities: Apartment living often places residents in the heart of cultural and entertainment districts. This provides easy access to theaters, museums, restaurants, and nightlife, enhancing their overall quality of life.
Community and Social Interaction: Apartment complexes frequently foster a sense of community through organized events, shared spaces, and communal areas. This environment encourages social interaction and provides opportunities to connect with neighbors.
No Property Tax: Unlike homeowners, apartment residents in the UK are not responsible for property taxes, which can be a significant financial relief.
Flexibility: Apartment living offers flexibility in terms of lease terms, allowing residents to adapt to changing circumstances or life stages.
Environmental Impact: Apartments tend to have a smaller environmental footprint compared to single-family homes. The compact living space, shared walls, and efficient construction can contribute to reduced energy consumption and waste generation.
In summary, apartment living in the UK combines urban convenience, affordability, low maintenance, and access to amenities, making it an attractive housing option for individuals and families seeking a comfortable and accessible lifestyle in a dynamic and culturally rich environment. These advantages are especially prominent in densely populated urban areas where apartment living aligns with the modern British way of life.
If you’re thinking of moving, chances are you’ve pictured yourself in your new home in time for the end of the year. What better place to spend the festive season, and kick off 2023, than in your new pad.
Why is moving home taking so long at the moment?
From the time a home is marked sale agreed, it currently takes 150 days on average to reach that all-important completion day. But that’s 50 days longer than during the same period in 2019.
It’s taking longer for home-buyers to get into their new homes because there’s a backlog in the conveyancing process: the thing that happens between having an offer accepted, and getting the keys to your new home.
According to Right Move there are currently more than half a million homes sold subject to contract, with buyers eagerly awaiting completion. That’s 44% more than in 2019.
While there’s been a slight easing in buyer demand since last month, this isn’t going to be enough to ease the delays we’re currently seeing. With lots of people still wanting to move, estate agents are still looking for buyers who are likely to result in a sale going through as quickly as possible.
The home moving timeline
There are a number of plates you’ll have to spin when moving home, including the buying and selling of properties. Below, we’ve included a run-down of what’s involved and how long you can expect each phase to take. It’s worth bearing in mind that if you’re a first-time buyer, this process could take significantly shorter than those involved in a lengthy chain.
Moving into a new home, setting up a new kitchen? Check out our guide to what you'll actually use in the kitchen.
Chef's Knife
A good knife is a chef’s best friend. This is one of the few things that you’ll thank yourself for investing in. Carbon-plated stainless steel will stay sharp over time, but go to a specialty store to find the best match for you. Choose a knife that you feel comfortable handling. It should feel balanced in your hand, easy to hold and control, not too heavy, but definitely not flimsy. Believe us, you’ll be using it a lot, so take good care of it.
Metal Spatula
A sturdy metal (or high-quality plastic) spatula is vital for flipping, tossing, and serving all kinds of foods. Think eggs over easy, puffy pancakes, roasted veggies, sauteed meats, baked salmon…we could go on.
Whisk
Sturdy metal whisks come in all shapes and sizes. Choose a mid-sized whisk with a handle that fits comfortably in your hand. Use it to mix dry ingredients together before baking, stir eggs for a frittata or emulsify a vinaigrette.
Slotted Spoon
Whether it’s wooden or metal, a perforated (or slotted) spoon acts like a miniature strainer, removing solids from liquids—think pulling potatoes or small pasta noodles from boiling water.
Instant-read Thermometer
Easily (and quickly) check to see if your meats have cooked enough.
Saucepans
A large saucepan is essential for making pasta, boiling potatoes or corn, and simmering big batches of soups and broths. Look for a 5- or 6-quart size. A smaller saucepan (1.5 or 2.5 quarts) comes in handy for smaller items, like boiled eggs, rice and porridge.
Immersion Blender
This handheld tool makes it so easy to blend soups, smoothies, and pestos with the push of a button. I find much easier to handle than a traditional blender, and it’s great because it takes up much less space, too.
Colander
Wash fruits and drain pasta, veggies and other boiled foods. I like a colander that can balance on the edges of my sink, but a classic footed colander is just fine. Look for metal or ceramic, which are sturdier than plastic.
Prep Bowls
This might sound like a no brainer, but it’s important to have a variety of mixing bowls. Get ones that are metal or glass because they’re less porous than plastic. They won’t pick up stains or odours.
Cutting Board
A sturdy, stable surface is essential when it comes to prepping your food. A wooden cutting board will help protect your knife from dulling quickly, as well as make cleanup a breeze
England will be the first country in the world to introduce mandatory electric car charging points for new-build homes.All new homes in England will have to be fitted with charge points for electric vehicles, as the government seeks to facilitate the infrastructure improvements necessary for the planned mass-adoption of electric vehicles.
The news comes as Department for Transport has announced a public consultation on the subject. If the planned changes to building regulations go through, it would force homebuilders to install charge points so potential owners could easily charge their plug-in hybrids and electric cars at home. The move would mean buyers of new-build homes would not need to make use of the Government’s home charger subsidy scheme, which has seen almost 100,000 wall-boxes installed.
No mention has been made of how new-build houses without off-street parking would be fitted with charge points, but last week the Government invested nearly £40 million into research projects that included wireless charge points, and charge points that rise up from the pavement.
The drive towards EVs comes as the UK Government sets out to meet stringent targets for air quality and pollution caused by internal combustion engine emissions. From 2040, the £1.5 billion Road to Zero strategy will see the sale of all new cars without electrification banned. Details of this remain thin on the ground, but it is understood new cars will have to be able to travel for 50 miles under battery power in order to be allowed to remain on sale, essentially removing all cars but pure electric cars, plug-in hybrids, and hydrogen cars from new-car showrooms.
In a separate announcement, the Department for Transport said all public charge points should accept contactless payments, with no need for a subscription, from next year, saving EV and PHEV owners from having to sign up with the numerous separate companies that run the UK’s network of public chargers. The DfT is also further investigating ‘smart’ charging, which makes best use of peak and off-peak electricity rates, and could see EV’s act as a hive-like network of power storage when large amounts of electricity are generated by wind turbines, for example.
As well as Road to Zero, the Government has also announced the UK is to be carbon neutral by 2050. With transport accounting for around a quarter of all greenhouse gas emissions, improving and reducing emissions from cars is a key target on the path to achieving this ambition.
Announcing the plans to mandate charge points in new-build homes, Transport Secretary Chris Grayling said: “Home charging provides the most convenient and low-cost option for consumers – you can simply plug your car in to charge overnight as you would a mobile phone.”
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Socialising, Studying, and Students
Moving away from home for the first time can sometimes require you to make some adjustments to your lifestyle. One of the hardest but important hurdles of being a student is finding a balance between your academic and social life.
Being presented with this new found freedom can be very challenging, especially if you struggle with self-discipline. It can be quite tempting to use your time at university to focus on the ‘student’ experience, but cultivating some good work practices now will set you up for future success.
Benefits of Breakout & Communal Space within your Student Accommodation
It is important to set aside some relaxation time or short ten minute breaks when studying. Taking breaks and doing something completely different allows the brain time to absorb the information and reduces stress levels.
Modern student accommodation provides entertainment, communal and fitness facilities which allows students to manage time more effectively by having all amenities in one area. The ability to have the option of break out space to play pool with friends, or retreat to study is not one which requires a lot of time nor effort. The convenience of having such facilities can help students with their time management.
The Importance of a Dedicated Study Space
A study space minimises the stress of having to physically go to the library and find that perfect spot that isn’t too noisy, too quite or too crowded.
Having a dedicated study area prompts your brain to get in the zone. It’s vital for student to have a recognised space for the sole purpose of studying. This will minimise the time it takes them to focus and leave less room for distractions to occur. Having a separate environment for work allows the brain to associate and identify that room with studying.
University is an experience like no other, and the key to enjoying every aspect of student life is finding a happy medium between your social and academic life. Focusing on one while alienating the other isn’t advisable for anyone. The last thing you want to do is allow one to negatively affect the other. If you manage to attain a nice balance between the two you’ll get the opportunity to enjoy student life and all it has to offer.
Student Accommodation providers are increasingly trying to develop and enhance their work play environments, providing greater balancing options for their students.
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Design & Ideas For Your New Home
Pinterest is a fantastic interactive scrapbook – think back to when you would buy home magazines, cut out your favourite ideas and stick them on mood boards when you were decorating. In effect, this is an updated version!
You can add images in three ways
Upload from your computer (this could be a picture of your room so you can plan ideas for décor whilst looking at what you’re working with
Search the Pinterest site (more on that below)
Scour the internet and purchasing websites and add in particular products
You can make both public and private boards – which is why it is classed as a social channel. Your open boards can be found by other people by your board theme or which hashtag you used on there. If you use a private board, however, the content in it will only be seen by you.
The best functionality of this channel is the ability to link to products in images to their original websites. They will sit in your board as an image but you can click out to buy them whenever you’re ready, saving you the time and hassle of having to remember where you saw them first or having to run out into town!
There is also a great search functionality in Pinterest. You can search for other people’s ideas by keyword, their personal or company page or themed boards – so if you were looking for garden renovation ideas, for example, you can culminate the best ideas in one place. From here, you can pin other people’s pictures onto your board and add a comment or link into it as a reminder for yourself at a later date.
But how can you be using this site within the home?Why not use Pinterest for:
If you’re doing up a room of your home, why not plan out different wallpapers, potential furniture choices and decorative items to compare products or check everything matches. Just moved into a new house? Make a board for each room so your ideas don’t all get muddled!
Planning to do up your garden? Look at what other people have done with a similar space or add in potential decorative items to one board.
Adding a new addition to the family? Plan your room décor ideas alongside potential purchases, toys and even baby grows!
Planning out your Christmas menu for when the family descend? Add recipe ideas and even food products (that wine that Aunty Meredith insists is the only one she’ll drink!) into a board so your ideas are all in one place.
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