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Whether it’s the first time you hear the term Hybrid Agent, or you are familiar with it, here’s a short explanation of what it means.

Firstly, let’s get this out of the way, there are two main types of estate agents; Traditional agents and Online agents.

A Hybrid Estate Agent offers online services and also has a high street presence. This combination of services has the benefit of using the agent’s local knowledge and experience whilst still being a more affordable solution to selling a house compared to using a solely high street agent.

What are the main differences between Traditional, Online and Hybrid Estate Agents?

Top tips for getting your property ready for photographs and viewings


Great! You’ve decided to sell your house and perhaps you’re feeling a bit nervous about photographs and people viewing your home. You might know that ‘poor quality’ photographs can hide the potential of your home, decreasing the number of viewers and offers you could get.

Well don’t worry, we’ve got your back! We’ve put together some essential steps you can take to ensure your home gets the best possible photos, whether they are taken by a professional agent or yourself. Think about it this way, potential buyers have to scroll through many houses advertised online, and usually, they make up their minds in seconds when they want to visit a property in person and put in an offer.

It’s always good to remember that the main goal is to make your home feel welcoming and ready to be lived in. With a little bit of dedication, you can get great results:


LESS IS MORE

Here's the thing, your buyers want to see a place where they can move their whole lives into, therefore making your home look and feel bigger is so important. But how can you achieve this? Declutter, put stuff away and keep all surfaces free of clutter. This will make all rooms of your house instantly feel more spacious, cleaner and appealing to potential buyers. This is the perfect time to find things you no longer use or need and donate to charity. If your space is very limited, a great solution is packing extra items putting them away in storage. Check your local storage companies and you might discover some great affordable options.

Remember, this is a perfect opportunity to start organising and sorting out your packing early, which will make your life a lot easier once you sell your house.

When the extension to the Stamp Duty Land Tax (SDLT) holiday was announced last month, the property market heaved a sigh of relief. However, if delays continue, some transactions may still struggle to complete before the new deadline. 
 
With less than a month to go before the revised Stamp Duty deadline ends on the 31st June 2021, buyers and sellers should be taking action to help ensure their transactions complete without avoidable delay. 

How does the extended Stamp Duty holiday deadline work? 

In July 2020, Chancellor Rishi Sunak announced a Stamp Duty “holiday”. This Stamp Duty relief was announced to mitigate COVID-related economic anxiety that threatened to stall the UK property market, just as transaction volumes were picking up after years of Brexit uncertainty. 
 
Under the scheme, buyers of property sold for £500,000 or less would pay zero Stamp Duty. In addition, no SDLT is due for the first £500,000 on properties sold over the threshold. 

The Stamp Duty Holiday was introduced by the government last year in an attempt to help buyers who might have taken a financial hit because of Covid-19. It was due to end on 31 March 2021 and has now been extended until June 2021.


What is Stamp Duty and what does the Stamp Duty Holiday mean?

In the United Kingdom, stamp duty is a form of tax, payable when you buy property or land over a certain price.

The Stamp Duty Holiday means that until the 30th of June 2021, you will pay no Stamp Duty on properties costing up to £500,000. Before the holiday, this tax was payable on any properties over £125,000.

This Stamp Duty Holiday applies whether you’re a first-time buyer or have previously owned a property. Likewise, it applies to both freehold and leasehold properties, whether you’re buying outright or with a mortgage.


What happens after the 30 of June 2021?

From the 1st of July 2021 – until the 30th of September, you will pay no Stamp duty on properties under the value of £250,000.

Chancellor Rishi Sunak has announced a new ‘Government Backed Mortgage Scheme’ to help buyers purchase a home with as little as 5% deposit.

What is the Mortgage Guarantee Scheme?

The chancellor said there is a significant barrier to people getting on the housing ladder and this scheme will provide a chance for those who can’t afford a big deposit to buy their own home.

Starting in April 2021, it will help first-time buyers, as well as home-movers to secure a mortgage with only a 5% deposit, with the government underwriting 95% loans.


How does the 95% mortgage guarantee work?

Available on all properties up to the value of £600,000, lenders (banks and building societies) will be incentivised to offer 95% mortgages. The government will guarantee to cover part of the mortgage loan if the buyer defaults on payments.

The same affordability checks will apply, and buyers will have to prove they can afford to pay the monthly repayments.

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