What is an ‘AIP’? An ‘AIP’ is an abbreviation for Agreement in Principle, sometimes called a Mortgage in Principle. It is the first step, and a simple way, to find out how much you can borrow from a lender to buy or remortgage a home, without a full credit check. Think of it as... View...
We know that buying your first home is exciting. Your hard work and saving finally pay off when you get the keys to your home, but there are still things first time buyers moving in during the colder weather need to be aware of. Take a read of our tips: 1.... View...
If you’re saving up for a home move and you’re starting to see mentions of the C-word (Christmas) everywhere, it can seem a little daunting. However, if you make a few changes between now and then, you could find that the cash you save can make for a ‘Merry Christmas’. Here are a... View...
Having spent three lockdowns at home, many of us embraced the great outdoors. Spending time in the garden though brings with it a number of considerations. In this post, we look at how to continue to enjoy outdoor dining in Autumn Luckily gardens can be designed to maximise outdoor use throughout the year, this... View...
You may well have heard the term ‘hygge‘. If you haven’t it is a Danish concept which cannot be translated to one single word but encompasses a feeling of cosiness and wellbeing. Have you ever been to someone’s home and felt sheer bliss from the moment you walked in to the moment you left? Well,... View...
August can seem a strange old time. It’s still the summer, but the shops are full of ‘Back to School’ and Autumn Decor Should you try and relax and enjoy the final throws of summer? Or do you prepare for Autumn? We think you should do a bit of both, so here’s our August... View...
Housework is unfortunately a necessary task, but one that many people would rather avoid. One way to reduce the time spent cleaning your home is to make it easier to maintain. When planning your interior design scheme, many people are torn between choosing a scheme that requires minimal maintenance and opting for the stylish home... View...
David James were delighted to support this years Mapperley Scarecrow Festival in association with What’s On Mapperley and the Co-op. The event took place throughout May and saw Mapperley residents invited to create their own scarecrow to display at home and be added to a map which enabled everyone to follow and go in search... View...
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There are three rates of stamp duty land tax which could be applicable to the purchase of a property and are dependent on your circumstances.
If you are a first time buyer, then there no stamp duty to be paid on the first £300,000 of the purchase price of a property valued below £500,000.
If you are buying a property as a second home or investment, or you are retaining your current property whilst purchasing a new principal residence, you will be liable for a stamp duty surcharge of 3%. In the latter circumstance, the stamp duty surcharge payment is refundable if the property you have retained is sold within three years of your purchase date.
For more information, please visit: Money Advice Service
