So is it a good idea to rent in between moving home, to be chain-free?
Moving home is said to be the third most stressful thing you can do, so if you can do anything to reduce that stress, so much the better? When buying your next Farnham home, being chain-free can certainly reduce your stress and offers many advantages over other buyers (and some disadvantages).
So, what is a chain? A property chain is made when there is a line of home buyers and home sellers linked through their property transactions e.g. a Farnham first-time buyer purchases a property, the sellers of that property then buy another property, and those sellers then buy another property, so on and so forth. Each home sale and purchase are reliant upon the success of every property in the so called ‘chain’. This means if there is one hiccup on one of the properties, every sale and purchase along the whole chain would collapse. No wonder everyone is on tenterhooks when there is a long chain involved.
Continue reading Around 1 in 3 Farnham Properties Being Sold with No Chain
As part of the budget announcement earlier this week, Chancellor of the Exchequer Rishi Sunak unveiled a new mortgage guarantee scheme which will encourage lenders to offer 95% mortgages. Announced alongside an extension to the Stamp Duty Holiday, the mortgage guarantee scheme is yet further support to home buyers and stimulation for the property market.
The mortgage guarantee scheme is designed to encourage mortgage lenders to offer higher loan to value (LTV) mortgages which will enable buyers to get on the property ladder with a much smaller deposit. Saving a deposit of 15% or 20% is perhaps the most significant barrier for potential homebuyers to get on the property ladder. As a result of the coronavirus pandemic, the availability of higher LTV mortgages has significantly reduced as lenders have retreated to more cautious lending positions.
Continue reading 95% mortgages return with a new mortgage guarantee scheme
In a further boost to the property market, Chancellor of the Exchequer, Rishi Sunak today announced as part of his budget that the stamp duty holiday will be extended.
The stamp duty holiday was originally brought in on 8th July 2020 in order to stimulate the property market as a response to the impact of the coronavirus pandemic. It saw the rate of stamp duty on properties up to the value of £500,000 reduced to 0%, meaning a potential saving for home buyers of up to £15,000. The stamp duty holiday was meant to end on 31st March 2021.
Continue reading Stamp Duty Holiday Extended
ME Estate Agents and Virtual Farnham have teamed up to make Farnham truly virtual. Using ME Estate Agents’ virtual scanning technology, the popular local online resource and estate agent have teamed up to future proof Farnham’s high street. The scans will enable customers to explore the shops, cafes, restaurants and other local businesses virtually, browsing the shelves behind doors before making an online purchase or visiting the shop once opened.
The idea was sparked by the uncertainty surrounding businesses ability to trade during lockdowns and the likelihood of future lockdowns or limits on businesses ability to trade. It is hoped this will be the next step in the evolution of the popular website and support local businesses who otherwise may not be able to remain open. Some 20 local businesses have already gone ‘virtual’ including Ruby Jones, Vaughan James Chemist, Roost and Beverley Edmondson, with more being added daily.
Continue reading ME Estate Agents and Virtual Farnham team up to future-proof Farnham’s high street
Yesterday, on 26 March, the Government released its advice on home moving during the COVID-19 outbreak. This has been met with mixed response, so we wanted to break it down for you and let you know what we, and you, can do to ensure that you can still buy or sell your property in the current climate.
If you are thinking about putting your property on the market;
- You can absolutely continue to still do so!
- We are able to provide a valuation remotely via Skype, FaceTime or other video calling application.
- We will then work with you to create your property listing remotely. We will write a description based on the valuation. Work with you to help you take new images of your property and even a video. Source old images, floorplans and other material from a previous sale, if required.
- You will be unable to have physical viewings, however with the content above, especially a video, we are able to provide buyers with an in-depth look at your property and generate the interest to either sell your property during this period or arrange viewings for once the stay-at-home measures are no longer in place.
Continue reading COVID-19 and your move: Understanding the latest Government advice
A three-bedroom property located on Winchester Road in Ash was marketed by ME Estate Agents this weekend and sold in less than 24 hours, following significant interest. ME Estate Agents’ ability to bring the property to market quickly, with the right marketing and a number of viewings booked prior to its launch has been the key to the success of this sale.
Continue reading Winchester Road property sold by ME Estate Agents in just 6 hours!
A PROMINENT estate agent in Farnham scooped a top prize at this year’s British Property Awards. ME Estate Agents has been named Best Estate Agent in Farnham, their third win in four years.
The team at the Castle Street branch attributed their success to the team’s “wealth of experience” and “engaging with people, and not just by property”. Simon Greenwood, director for sales and lettings told the Herald: “It was a great result, a lot of work goes into that and we are over the moon.”
Continue reading ME Estate Agents in Farnham scoops top property award
We all know that buying property involves various costs and fees and it’s important to do the sums in advance so that you understand your budget and there are no nasty surprises. There are many factors to contemplate and understand, not forgetting about those all-important and unavoidable expenses.
Stamp Duty Land Tax is one of the biggest costs for home movers and questions are often asked about the ins and out of the land tax. So to lend a helping hand, we’ve created this simple FAQ!
Continue reading How will Stamp Duty affect my move?
The new ME Estate Agents branch in Ash Vale officially opened last weekend, making quite the first impression. The new branch is now the fourth ME Estate Agents to open across Surrey and Hampshire, with branches also in Farnham, Alton and Guildford.
But before the doors had even opened, the Ash Vale branch had already sold their first property – within just 5 days of listing it for sale. This follows the recent news that the Farnham branch also sold a town centre property in under 24 hours.
Continue reading Ash Vale’s Newest Estate Agents Are Making A Brilliant First Impression
The current misconception may indicate that the housing market is uncertain but ME Estate Agents are proving that this is not the case. A two-bedroom property located on Long Garden walk just off of Castle Street in Farnham was marketed and sold this week within just 24 hours, after a huge amount of interest. ME Estate Agents’ ability to bring a property to market quickly and efficiently with the right marketing has been the key to the success of this sale and achieving an above average selling price.
The property on Long Garden Walk is a beautifully presented, two double bedroom, “Landmark” Farnham town centre character cottage, situated just off of prestigious Castle Street within a short level walk of Waitrose and Lion and Lamb walk. The property has been beautifully extended and remodelled to provide excellent accommodation whist retaining much of the original character and charm of the building.
Continue reading ME Estate Agents Sells Farnham Town Centre Property In Just 24 Hours