Save energy before you spend

There are some simple practical tips to save money on your bills at home. If you put all of the money you’ve saved to one side, your dream holiday will become a reality in next to no time. Try these top tips and you could save an average of £300 per year on energy bills.

eco-house

  • Use energy saver light bulb – Each bulb could save you up to £7 per year. Replace 15 bulbs and that could save you over £100. Now you can get stylish, dimmable and warm light energy saver bulbs so you don’t have to compromise on the mood of your rooms or style either. There is an energy saver equivalent for nearly all light fitting types, including halogen.
  • Insulate your home – 40% of heat is lost through walls, windows, doors and the ceiling. insulate your home properly, and you’ll be able to turn down the thermostat.
  • Turn the heating down – By turning your heating down by as little as 1°C you can save up to 10% on your energy bills. Only heat the rooms you use when you use them.
Home energy
Click here to get the best UK electricity and gas deals at www.deneco.co.uk
  • Switch it off – On average we waste £50 per year by leaving appliances such as TVs and DVD players on stand-by. Use 24 hour timer switches, motion sensor light control and energy saver remote control sockets to turn appliances off at the source.

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

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Property Purchase: What does tenants in common & joint tenants ownership means?

In UK property purchase in spite of the word ‘tenants’, this has nothing to do with renting the property. It’s all to do with what happens if one of the property owner dies.

Joint tenants – If your names are written on the deeds as ‘joint tenants’ then if one of you dies the other one (the survivor) gets the whole of the property straight away.

Tenants in common – If your names are written on the deeds as ‘tenants in common’ then if one of you dies, the will is examined to see what should happen to their share. If there is no will, there are rules about this and they should be followed. Tenants in common is usually used where either party has children by a previous relationship and wants to make sure that on their death, their share of the house goes to their children.

If one person is putting more than the other then as tenants in common you can hold it in unequal shares for example 70 per cent to one, 30 per cent to the other. However in this case you should consider drawing up a Trust Deed as well to protect your interest. It is best to seek professional and legal advice.

 

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Property Purchase: What is Indemnity insurance and do I need it?

In a UK property purchase, Indemnity insurance is used during conveyancing transactions to cover some sort of legal defect with the property which can’t be resolved swiftly, or at all. For example if there is a relatively obscure legal problem such as a problem with the deeds with virtually no chance anyone is going to make it a problem in reality, but to sort it out means going to the other party involved and can make the process very expensive, very slow or impossible. It is a one-off payment for a policy that then lasts forever

In these sort or cases an indemnity insurance policy is ideal – should the unusual problem ever show its face then you are covered by the policy. If you’re offered such a policy, its important to bear in mind what it does or doesn’t cover. For example, a policy in respect of missing Building regulations will not cover the cost of doing the work properly, but only the cost of following through any action taken by the local authority – if they don’t take any action and they won’t after the works have been up for a year then you won’t be able to claim. Your legal adviser can advise on the policy for you.

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

First time buyers on a 12 year high

First-time buyer numbers have soared to a 12-year high, reaching a level last seen before the financial crisis struck.

A total of 35,010 mortgages were advanced to people buying their first home in August – the highest monthly total since August 2007, according to UK Finance.

The typical first-time buyer borrowed £175,361, the equivalent of 80% of their property’s value.

Although the sum was an average of 3.52 times their pay, close to record-low interest rates meant monthly mortgage payments accounted for just 17.1% of their total household income.

The data from UK Finance supports Zoopla research which found that more than a third (36%) of all property purchases in 2018 were made by first-time buyers and that numbers were up by a huge 85% since 2010.

Buying a home for the first time can be daunting and expensive, which is why it’s important to get fully up to speed before you start your property search. Once your name is on the property deeds, you’ll benefit from potential equity gains, you can decorate how you like and of course you’ll always have something to call your own.

Source: Zoopla property News

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Property Purchase: What exactly is gazumping

The term gazumping is often use by the media but generally don’t paint a full picture of what actually happens and as such many often find it surprising and confusing to understand.

Gazumping is where a property sale has been agreed but contract not yet exchanged and a third party comes along and offers more – where a third party ‘gazumps’ the original buyer. Gazumping is a nightmare for the original buyer as they’ve no comeback against (even if a survey has been done) either of the other two parties. In other for it to happen the seller must have to accept the higher offer, although they don’t have to.

I have worked for  clients on cases where a seller received higher offers but stuck to the original because they felt it was the honourable thing to do or preferred the original buyer. Also I have worked on cases where gazumping saved the chain – the original buyer was not taking it seriously or experiencing delays in securing mortgage and the chain was about to fall through – the new buyer moved ahead quickly and the whole chain completed. Gazumping normally occurs more often in a rising housing market, but probably not as much as the media would have you believe.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Property move: Booking your removals company

Whether you are going to go the whole way and get a removals company to do it all for you, do it yourself or go half-and-half option, you should start planning as soon as you have had an offer accepted.

 

Moving house is the perfect opportunity to clear out the cupboards and de-clutter to get rid of items you no longer need. Make some phone calls or get online quotes from at-least three or four companies operating in your area. The earlier you start doing this, the more time you will have to compare services and prices.

Be honest about the amount of furniture and other items you need to move so they can give you an accurate quote and allocate the correct size van or lorry and number of staff to send on the day.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

IKEA to build sustainable & affordable new homes in UK

In an effort to solve the UK housing shortage, a company co-owned by project development and construction company Skansa and IKEA are building low-cost housing in the UK. The project is the result of a deal signed between Worthing council in West Sussex and Boklok , the IKEA-backed housing concept that provides low-cost, sustainable housing to individuals with average incomes.

 

 

IKEA-designed housing will soon pop up in Worthing, a town in southern England where average housing prices are 11 times that of the average salary. In a bid to ease the housing crisis, the council has signed a deal with international residential developer BoKlok UK to deliver 162 sustainable, factory-built homes to the coastal town. IKEA has already started (June 27, 2019) building hundreds of affordable houses in the UK.

BoKlok started in the early 1990s when IKEA and Skanska joined together to offer sustainable and low cost homes, to create an affordable way for those on average incomes to buy a home. The first homes were completed in 1997 and there are now over 11,000 homes in Sweden, Finland and Norway.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk