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Viewing entries tagged with 'property'

Landlords have no knowledge of EPC rule changes

Posted by MMB Finance Swindon and Gloucester on 12 January 2022

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1 in 7 (15%) of landlords have no knowledge of the upcoming legislative changes to the Energy Performance Certificate (EPC). From 2025, all newly rented properties will be required to have an EPC rating of C or above. Currently properties only require an EPC rating of E or above. Existing tenancies will have until 2028 to comply with the new rule changes. 

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Adverse credit borrowers turning to professional advice

Posted by MMB Finance Swindon and Gloucester on 12 January 2022

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More than half of clients with adverse credit looking to buy a property say they would speak to a mortgage adviser to help them get a new mortgage. 54% of people with adverse credit say they would speak to a mortgage adviser to help them get a new mortgage, up from 44% when the study was last conducted in Spring 2021. However, 41% of respondents with adverse credit say they would feel uncomfortable talking to a professional adviser about their finances.

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Homeowners in favour of lower mortgage rates based on energy performance

Posted by MMB Finance Swindon and Gloucester on 5 January 2022

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67% of all homeowners or aspiring homeowners say a lower mortgage rate based on their property’s energy performance rating is an appealing element when looking at product features. The focus on the potential allure of green mortgages, with more competitive rates for properties with a better EPC rating, appears to be growing with homeowners now inclined to improve the energy efficiency rating of their home, particularly if such improvements might pay for themselves within a period of time.

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50/30/20 rule in 2022

Posted by MMB Finance Swindon and Gloucester on 27 December 2021

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The popular 50/30/20 rule might help individuals in getting their finances on track for the New Year. Put simply, this rule is designed to help people manage their money in an effective way that should stand the test of time. The basic rule is to divide one's monthly income, after taxes, into three main spending categories which represent percentages.

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Is house prices set for 2.5% rise in January

Posted by MMB Finance Swindon and Gloucester on 23 December 2021

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Average prices are expected to fall by 1.1% this month as a result of deals agreed between buyers and sellers in the early autumn, when the impact of the stamp duty holiday subsided and demand fell back to be more normal levels. However, most likely as a result of a severe shortage of new stock coming to market, the prices agreed between buyers and sellers began to rise in October and November which will be reflected in an increase of 2.5% in January, slowing to 0.2% in February 2022 when the average completed sale price will be £342,900.

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