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Whether you’ve just bought your very first property in Huddersfield or your fifth, being a landlord is a role where you can continually keep learning new things and facing new challenges. Other than keeping abreast of what’s happening in the property market, you also need to ensure that you’re following all the latest rules and requirements for landlords.
Here at Huddersfield Sales & Lettings we’ve got years of experience working with landlords and dealing with the property market, so we’ve pretty much seen it all! To help you keep on top of all that you need to be aware of, we’ve created a handy list of the eight most essential things that every landlord should know.
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There are a number of reasons people become residential landlords. Often, it’s because someone wants to do more with their savings and sees property as a sound investment with a regular income. It might also be that a person becomes an accidental landlord after inheriting a property or moving into a house with a partner.
Here are seven things to think about when becoming a landlord.
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A short answer to the question of whether or not you need a deposit to buy a home is yes!
Unless you have the cash to buy a property outright, you’ll need a mortgage and the days of 100 per cent mortgages are long gone.
It used to be the case that five per cent deposit mortgages were on offer, but again these are very rare now.
Banks and other lenders have to be so careful these days about who they lend to, and they have to ensure that repayments can be made.
When you buy a home in Huddersfield, you will need a deposit. For most people, it is a case of considering how much that deposit will need to be and how can they save the funds to cover it.
But there are ways of buying a house with a low deposit.
Here, we at Huddersfield Sales & Lettings take a look at the deposit situation, and how you might be able to buy a property with only a small deposit.
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If you need to sell your home fast but don’t know where to start, then you have come to the right place! Here at Huddersfield Sales & Lettings, we pride ourselves on our expert selling advice, from tips on how to make your home more attractive to potential buyers, to organising viewings, to the steps you need to take to ensure that prospective buyers feel safe buying your property; it’s all covered here. And our advice definitely doesn’t involve lowering your asking price!
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Working to get your foot on the property ladder in Huddersfield is no easy task, but with a market that has seen a slow down, now could be the perfect time to buy your first home. There’s a lot to consider, like which area to choose and what type of property to buy, but above all else, your budget should be your top consideration. The last thing you want to do is to purchase something beyond your means and end up in a financial crisis.
If you’ve seriously started considering buying your first property, you should also be considering how you can afford it, so here are the best six budget planning tips for first-time buyers from Huddersfield Sales & Lettings.
