LIFESTYLE MAGAZINE
PROPERTY NEWS
mortgages
JULY 2022
SUMMER HOLIDAY IDEAS GET OUTSIDE WITH THE KIDS AND ENJOY THE SUMMER THIS MONTH UP-CYCLED GARDEN CREATIVE WAYS TO RECYCLE UNWANTED ITEMS
PAELLA RECIPE A PERFECT CHICKEN AND CHORIZO PAELLA RECIPE
GET OUTSIDE EXPLORE NEW OUTDOOR ACTIVITIES THIS SUMMER
WOMAN’S EUROS UEFA WOMEN’S EURO 2022: ALL YOU NEED TO KNOW
CONTENTS COVER STORY
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Summer Holiday Ideas Get outside with the kids and enjoy the summer this month
PROPERTY
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Garden Firepits The best ways to make the most of your firepit
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News Our latest mortgage news. Plus meet the team!
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About us Get to know the Xact mortgages team!
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Your home move Your guide to help you every step of the way on your home move
LIFESTYLE
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10 12 13
Recycled Garden Creative ways to recycle unwanted items Monthly Gardening Keep your garden bright and beautiful in the coming months Be Insta Ready Top tips to take your summer photography to the next level Get Outside Explore new outdoor activities this summer
FOOD
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Paella Recipe A perfect chicken and chorizo paella recipe
SPORTS
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SUMMER’S TOP FASHION TIPS FOR MEN, WOMEN AND CHILDREN These looks are set to take the warmer seasons by storm to keep cool
Women’s Euro UEFA Women’s Euro 2022: All you need to know
WELCOME TO THE JULY ISSUE! It’s the middle of summer, the sun has been shining and our thoughts turn towards the Summer Holidays. This month, on pages 2&3 we look at the hottest summer fashion trends for men, women, and children, to ensure you look your best on the beach. Meanwhile, on pages 6&7 we are discussing ways to prep for the school holidays, so you stay cool all summer. With the glorious weather we are all spending more time in our gardens. On pages 4&5 we have a guide to upcycling to create unique garden furniture for your home, while on pages 10&11 we have our usual monthly gardening guide. Keeping with your garden, we also look at tools available to turn your firepit into something
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PROPERTY NEWS
multifunctional, while on page 9 we have a mouthwatering chicken and chorizo paella recipe. Keeping with the summer theme, and our need to show off where we are on holiday, on page 12 you will find our ultimate guide to taking the best snaps for Instagram. And on page 13 we look at different ways to stay active this summer including outdoor gyms, sailing and walks. And finally, on pages 14&15 we have your guide to the Women’s European Football Finals. So, grab a Pimm’s or a cocktail, put your feet up on a sun lounger and enjoy this month’s magazine. Jonathan Wheatley Editor
These looks are set to take the warmer seasons by storm to keep cool. With the summer months approaching, many of us will be turning to our wardrobes to decide on what to wear. It can be a difficult choice, after months and months of opting for baggy jeans, warm jumpers and thick coats, suddenly having to remain cool while looking good can feel rather daunting. We have collected together a selection of tips to make your decisions just that much easier. Here are a few hints and tips for men, women and men’s fashion choices during the long summer months.
THE TOP LOOKS FOR MEN THIS SUMMER Here are a couple of tips for men during the summer when picking out what to wear. One timeless classic that you can never go wrong with is a good old white short-sleeve button-up shirt. Whether heading down the pub for a couple of pints with friends or going to a family reunion, a trusty white shirt is a safe and effective option whether the weather requires you to wear jeans, shorts or trousers. While the plain white shirt is effective, on the other end of the scale are bold and eccentric patterns, which are equally as appealing for those fashion conscious blokes during the warm seasons. Pineapple patterns and multi-colours are no longer reserved exclusively for Hawaiian shirts donned by dads at barbecues. Getting a polo, shirt or t-shirt with bold colours could freshen up your look and certainly make you memorable. As summer rolls around, the warm weather will see an end to the baggy clothing that are a popular choice during the winter, instead go for slightly tighter, fitted tops to stay on trend and cool.
WHAT WOMEN WILL BE WEARING DURING THE WARM MONTHS
heat and the material clinging to your body. Tops and dresses with puffed sleeves, as well as skirts and dresses with a tiered design, can be great options to provide the loose silhouette look and feel. Always rely on your dresses during the summer, while ditching jeans, as it is a very heavy fabric especially if you tend to wear stretch or skinny jeans. Accessories should be kept to a minimum to avoid dangling bangles and necklaces from sticking to your skin during the heat, instead pick one statement accessory and absolutely own it. Finally, do not save sandals exclusively for trips to the seaside, as a good pair of leather sandals can be a great choice when dressing up during the summer.
CHILDREN’S FASHION IDEAL FOR YOUR LITTLE ONE Similar to our suggestions for the adults, children will want breathable clothing for the warmer months so extra care and attention should be given to choosing the right fabrics for your little ones this summer. One safe bet is 100 per cent cotton, which is lightweight, soft and allows the air to flow throughout. Colours are also an important aspect, with brighter and lighter colours being the best options.
One of the biggest challenges that arrives during the summer, regardless of the occasions for needing to dress up, is being able to look elegant despite it being hot.
These lighter colours, a nice white or yellow, do not take in the heat as much as black clothing and ensures the body remains as cool as possible.
Choosing loose skirts and v-cut necklines on dresses and tops is a great choice, while still feeling and looking relaxed and comfortable.
Summer is a great time to be fun with clothing and not go safe, so picking out those floral prints or polka dots is a good way to making your children look fresh and comfortable.
Light colours should be a staple of your summer wardrobe and hats are always a safe, but effective choice. In a bid to feel comfortable, go for clothing with a looser silhouette, ensuring you can still look chic without trapping in
When venturing out in the sun, whether to play in the park or meet up with family, style children up in summer dresses and sunglasses to ensure they are cool and protected from the beating sun’s glare.
LIFESTYLE MAGAZINE
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UPCYCLING IDEAS FOR YOUR GARDEN T
hese days it’s becoming more and more common to see people wanting to save money however they can. We also love our gardens, especially now that the days are warmer and this year’s fruit and vegetables are growing, but you can probably see where this is going: there’s so much you need to buy. So we got our thinking caps on, trying to figure out some ways we can upcycle what we already have in the house to make the new season as cheap as possible.
may have seen flowers planted in wellington boots, watering cans and just about anything else, but the ideas we’ll share below are things we have experience with ourselves—tried and tested!
WHAT IS UPCYCLING? Upcycling is defined as the re-use of a material in a way that increases its value. It’s different to recycling, which is when a material is re-used to create something similar to before, of roughly the same value. This is what happens to glass, paper and plastic that we recycle at home—it likely becomes another bottle or more paper, for example. When we say ‘value’, it can mean literal financial value; some people make a living by taking scrap material and old battered furniture and turning it into high quality sellable items. However, value can also be found in the use we get out of something after upcycling, and that’s what we’ll focus on here. So, let’s dive into some money-saving, waste-reducing ideas for your garden!
PLANTING The great thing about plants is that as long as the conditions are right, they can grow in just about anything. You
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PROPERTY NEWS
TOILET ROLL TUBES This probably sounds strange, but the inner tube you find in loo roll makes for a great ‘pot’ to start your seeds in. Make slits in one end and fold them in on themselves to make a bottom, fill it with whatever soil you need and plant the seed. Not only are they narrow enough to have many seedlings growing next to each other on a tray, but the tube is completely biodegradable so you can put it into the ground once the plants are ready and it will just disappear! An environmentally friendly alternative to peat-based starter pots. It’s worth noting that it’s a little late in the year to start growing your plants from seed, but we hope you remember this tip for next year as it’s such a good way to upcycle something that would normally go straight in the bin!
SINK GARDENS
feeders! Just fashion some containers of the right size, load them into the candle holder and fill them with bird seed . Place them somewhere fairly secluded in the garden and with any luck you’ll have an upcycled bird restaurant!
Do you have an old porcelain sink, maybe from a kitchen refurbishment, that you haven’t gotten round to dumping? Consider filling it with soil and creating a mini garden or flowerbed! The plughole can provide drainage, making it perfect for BROKEN SLABS FOR an alpine garden or SLOW WORMS It’s different to succulents. Trailing plants recycling, which is spilling over the edges is a A protected species in the when a material is great look too, to take the UK, the slow worm re-used to create edge off the sharp white that population has been something similar might not fit well with the rest decreasing in recent years. to before, of roughly of your garden. It’s also an If you live in an area with the same value. interesting feature for your greenery fairly close by, garden and is sure to start a this could be a great way conversation with your to aid their conservation! gardening-inclined friends and family. Slow worms love dark, confined spaces
WILDLIFE It’s not all about value to us! Without animals our natural world would be barren, so let’s give back to them while also reducing waste for ourselves.
CANDLE HOLDERS If you don’t fancy loading them with candles, you could turn candle holders into bird
where they can absorb heat, so if you have any broken paving slabs or roof tiles lying about, try placing one in a sunny spot on the grass and hold it down with a brick or something similar. If there are any of the legless lizards in the area, they will hopefully make themselves at home underneath—just don’t disturb them if they do! A useless item for us has become immensely valuable for another creature—upcycling at its best.
LIFESTYLE MAGAZINE
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SCHOOL SUMMER HOLIDAY
IDEAS FOR THE FAMILY
School’s over for six weeks, which is plenty of time to get outside with the kids and enjoy the weather
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he school summer holidays are here, and the children are running wild with ample time on their hands. As parents, you should be too, because this summer break could be one to remember if you plan it well. There are copious amounts of activities and days out you can embark upon with your kids, and here are our top picks of great things to do through the summer which will form life-long memories for all the family.
BEACH
Now is the time to enjoy the beach. There is nothing like the feel of golden sand between your toes and the sound of lapping waves as children play and adults relax. The sea is inviting when the weather is hot, so don’t be shy, and get yourself into that fine ocean, get some exercise and satisfy the soul. Some of the best beaches on the continent are in the UK, including Cornwall, which also boasts one of the best surfing spots in the world
THEME PARKS
Theme parks have an amazing atmosphere. Walking around with your family and taking in the views of the rollercoasters and exhibits, with the smell of hotdogs and doughnuts filling the air, is an experience to behold. Alton Towers and Thorpe Park are the most popular in the UK, both sites boasting many attractions for all ages. And even if you don’t like rides as a general rule, you will likely find yourself going on at least some kind of ride, as there are thrill levels to cater for everyone.
MUSEUMS
Museums are a great way for children to learn in an interactive and fun environment. The museum scene is one of the most welcoming cultures in the world, especially in terms of inclusivity, and there are museums on almost any topic today. Some perfect museums for children in particular include Horniman Museum and Gardens, People’s History Museum, and National Maritime Museum Cornwall.
ROCK HUNTING
Rocks aren’t just rocks, they can also be treasures. A treasure doesn’t have to be gold or a priceless artefact, a treasure can be anything that holds a special value to you; it is subjective. Rocks come in all different shapes and sizes, and some are especially unique-looking, and would make ideal ornaments in the home, as a
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PROPERTY NEWS
memento of a great adventure with the family. There are also painted rocks dotted all around the UK, a way of encouraging families and kids to get out more often to explore nature. Why not go rock hunting this weekend, because you never know what you might find.
FRUIT PICKING
Fruit picking can be a good day out with the family, however, make sure you go with someone who knows what they are doing. There are lots of poisonous fruits in the wild, and eating these can be hazardous. There are plenty of harmless and delicious ones, too. Strawberries, for example, are ideal for this time of the year, as they go perfectly with many desserts and cocktail drinks. But many other summer fruits are available to enjoy as well, such as blueberries, grapes and plums.
ARTS AND CRAFTS
There are hundreds of arts and crafts activities to engage in at home or in the garden, or really anywhere where there is enough space and resources. Most of these activities are easy, cheap, and incredibly fun for children, in many cases serving as a kind of brain training in one way or another. Crafting is also proven to be beneficial for wellbeing and mental health, and it’s a great way for children, and families alike, to relax.
OUTDOOR CINEMAS
There has been a rise in outdoor cinemas in the past few years. The summertime is the perfect time to be enjoying them. The best thing about outdoor cinemas is that they are usually free, and you can bring your own food and drink. There will sometimes also be a lovely backdrop to the film you’re watching, such as trees or some other natural landscape. Pets are usually also welcome, and it’s a great way to connect with your local community, as the atmosphere is casual and less formal than an indoor cinema.
MAJOR UK EVENTS THIS SUMMER Latitude Festival: 21st July-24th July Women’s EURO 2022: 6th-31st July Wimbledon Tennis Championships: 27th June - 10th July Pride in London: 2nd July RHS Flower Show Tatton Park: 20th-24th July Birmingham Mela: 27th-28th August
SIMPLE PAELLA RECIPE Bring the taste of the Mediterranean to your garden this summer
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aella is the most traditional and well-known of all Spanish recipes. It is also surprisingly simple and can be cooked outside on the BBQ or firepit. This recipe swaps out seafood for chicken and chorizo to ensure it is a real party pleaser.
1 tbsp olive oil 1 onion, chopped 1 red and one yellow pepper 1 tsp each hot smoked paprika and dried thyme 300g paella or risotto rice 3 tbsp dry sherry or white wine (optional) 400g can chopped tomatoes with garlic 900ml chicken stock Two chicken breasts One sliced chorizo ring 1 lemon, ½ juiced, ½ cut into wedges handful of flat-leaf parsley, roughly chopped
Method: Heat the oil in a paella pan before adding the chopped onion and red and yellow peppers. When the onion is soft, add both the paprikas, the thyme and the paella rice. Give it a good stir to cover the rice in the spice mix before adding a drizzle of the wine or vinegar, followed by the chopped tomatoes and chicken stock. Give it a stir and leave it to cook for fifteen minutes. Meanwhile, cover the chicken in paprika, salt and pepper, before adding to the BBQ grill. While the chicken is cooking, add the sliced chorizo to another frying pan with a little oil and leave to simmer until the oil has turned red. Remove the chicken from the grill, slice and add to the chorizo pan to finish it off. Once cooked, add the contents of the pan straight into the paella pan and stir. To serve, pile the paella into bowls, before adding chopped parsley and finally finishing with a squeeze of lemon.
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PROPERTY NEWS
BRING THE HEAT Embrace the firepit to create some epic food
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firepit is a great addition to any garden. Not only can it provide heat during cooler evenings, and create a wonderful social space, but it can also be used for cooking! With the addition of a few tools, your firepit can be a versatile cooking tool. Whether sweet or savoury, make the most of your firepit with our unique guide of equipment available.
EQUIPMENT:
Skewers: One of the most basic tools available, with a few skewers you can create stunning sweet dishes such as smores. Simply slide big marshmallows onto the skewers and hold them over the heat until they start to crisp on the edge. Then take a digestive biscuit, smother it with chocolate spread, add the toasted marshmallow, and add another digestive biscuit to create your smore. Cast-Iron pan: A long-handled castiron pan can seriously upgrade your firepit. These pans get seriously hot, yet with the long handle are totally safe to use. Add a little oil to the pan, followed by some garlic and parsley. Finally,
add small balls of dough, and within a few minutes you will have homemade garlic doughballs. Paella pan: A traditional paella pan is wide and shallow with a slightly curved bottom. It is the traditional pan used in Spain to ensure your paella has the crispy bottom needed for the ultimate Spanish comfort food. You will need to ensure the pan doesn’t get too hot, so an adjustable tripod grill will come in useful. For our own paella recipe, check out the previous page. Adjustable tripod grill: An adjustable tripod grill is an amazing piece of equipment to take your firepit cooking game to the next level. It is a simple piece of kit; basically three legs attached together at the top, with a grill coming down in the middle which you can adjust using a pulley system. These are great for a wide-range of meats and vegetables cooked on the open fire.
LIFESTYLE MAGAZINE
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BLOOMING LOVELY! There are simple ways to keep your garden bright and beautiful now the heat is on
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t may be tempting to treat July as a bit of a “feet up” month in the garden. After all, it’s mid-summer: balmy evenings, outdoor G&Ts after work, leaning back in your favourite recliner to soak up some rays… Surely nothing more strenuous than firing up the barbie or uncorking another bottle of that crisp white which has been chilling in the fridge. And you’d be right… to a certain extent. HEADS … Although it’s not the time to do any heavyduty stuff, it is important to keep on top of things, particularly dead-heading summer blooms to promote growth and prevent them getting straggly later in the season. Best done as the flowers start to wilt and fade, regular maintenance directs energy back into the plant as, once the blooms have pollinated, seed heads, pods or capsules form at the expense of further development. And it also prevents showy plants such as peonies, some camellias and roses scattering their petals all over the garden at
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PROPERTY NEWS
the first hint of a summer breeze. It’s a painless operation, best performed with secateurs for hardy shrubs, such as rhododendrons and roses, and a sharp thumbnail for bedding plants like pansies, polyanthus and petunias. Geraniums have brittle stalks which can be snapped while delphiniums and lupins can, if you are lucky, produce a second flush of flowers if trimmed back to just above ground level although they are more likely to produce fresh foliage. Of course, there are exceptions. Typically, fuchsias, bedding lobelia and salvias do not set much seed or, rather obligingly, neatly jettison their own faded flowers; rudbeckia, cornflower and sunflowers lose their petals to produce seeds that are loved by birds; while alliums, love-in-a-mist, stinking iris and bladder cherry may have less than charming names but produce attractive ornamental seeds. … AND TAILS Obviously, it’s not just humans who get a bit of a thirst on when the temperature starts
to rise. For plants it is critical to retain the right level of moisture and air in the soil to keep roots healthy and provide suitable growing conditions – and that goes for the tender summer-loving bedding plants brightening your borders as much as those in containers or troughs. However, with climate change, drier springs and rising bills, it may be worth in future restricting seasonal colour to pots and troughs where watering can be controlled and more effective than a scattergun approach which more often than not misses its intended recipient. It’s important to monitor hanging baskets or containers daily – particularly during a hot, windy spell – to check the soil below the surface is moist. Most plants can cope with going dry for a day or so, and in fact, can adapt to taking less water if not available but they are less likely to thrive, particularly if they are allowed to wilt. On the other hand, it is important not to waterlog the containers. Just water slowly, filling to the brim and allowing it to drain through, before repeating for a second time to ensure all the compost is moist. It’s not important to water until it flows out the bottom – that’s just a waste – but if there’s not even a slight trickle check if the drainage holes are blocked or the compost has compacted.
a few other things to check on too. Check apples and pears for a fungal disease which cause dark scabs on the surface of the fruit and leaves. It’s an airborne disease and can be treated by pruning and applying a fungicide. It’s also time to pick courgettes before they become marrows and check your pond for algae and any blanket weed growth, making sure to keep them topped with water. Finally, if you missed fertilising the lawn in the spring, apply a fast-acting summer feed to give it a boost. It is also beneficial to raise your mower blades a notch or two to provide some shade for the soil – you may like a heatwave but a prolonged hot, dry spell is not ideal for your lawn which needs to retain some moisture to avoid turning into a parched, brown mess. Alternatively, you might fancy letting nature take its course and allow your green sward to rewild, creating a haven for the insects and wildlife that visit long grass.
Not only do short-lived annuals need to be watered, they will also want nutrition - preferably with a general purpose liquid or a high-nitrogen feed – when the soil is moist. CROP THAT But it’s not all about the flower garden, there are
It’s important to monitor hanging baskets or containers daily
LIFESTYLE MAGAZINE
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SNAPPYFOR HINTS GREAT TAKINGES PICTUR ARE SO YOUREADY INSTA- E FOR TH R SUMME le emorab m e k a t s to feed these tip of your Follows y v n e e nd be th snaps a
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e live in a society these days where people are obsessed with posting every picture from weddings, family reunions and that perfect plate of avocado on toast online. Seeing those likes on your most recent picture of a setting sun skyrocket can feel very rewarding and want you to post even more. However, making sure you get the perfect snap of your summer holidays can be crucial for creating memories that you can then look back on with pride. We have collected together a few tips on how you can take great pictures this summer ready for Instagram.
WATCH THE LIGHTING One of the most important aspects to consider when framing up or choosing a location to shoot an image is understanding the impact of light. Whether too much or too little light, this can make a big impact and change the mood of the image you take, or even leave it completely unusable. Look around you and think about where light is coming from, such as nearby windows or overhead lights. Moving around the light sources can cause different effects on the subject of your image - experiment and find what suits your idea best.
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ANGLES, ANGLES, ANGLES When taking snaps on your smart phone, many provide a faint grid. These can be really useful for creating angles. If there is a straight line, such as an edge of a wall or door, try lining this up with a line on the grid, which can result in an image which is asphetically pleasing for those viewing it. Once again, give it a go and compare it against an almost identical image where you have not considered the lines to see the difference.
CREATE DEPTH WITH LAYERS Have you bought a new plant pot that you think will make a good social media image? Rather than just popping it on the table and taking a quick picture, think about objects you can put beside it, behind it and in front of it. This will create a more interesting image if you build up the scene around the main subject. This can be something so simple such as a different plant behind or a magazine on the side in the background, but can make a whole world of difference to the outcome of the image.
TRY A NEW OUTDOORS ACTIVITY
THIS SUMMER This summer, try something new outside, as there is more on offer than you may think
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here are plenty of outdoor activities, with new innovative ideas being invented all the time. When the weather is as hot as it is now, we really ought to take part in as much as we can, because the UK should be grateful for such infrequent tropical weather. Besides, trying new things not only helps us vanquish our fears, but it also helps us expand our minds and learn. Here are our top picks of exciting outdoor activities you may not have tried yet.
SAILING Invigorating and great exercise, sailing is something that is surprisingly accessible to partake in. You don’t need to be rich to sail the oceans, as there are plenty of boats for rental around the UK which you can use to sail with. If you have a fear of the waters, this may be a good challenge for you. Imagine white sails billowing against a clear blue sky, along with the brisk feel of the breeze on your face, and the gentle motions of the boat as it cleanly slices through the water. It’s an experience like no other!
OUTDOOR GYMS When the weather is hot like this, there can be nothing worse than the prospect of working out in a gym, and when you have certain fitness goals, this can be a bit of a nightmare. This is why outside gyms can be a perfect way to keep cool whilst still burning off those calories and developing that muscle tone you want. The best thing about outside gyms is that they’re free. The only potential drawback is availability, as they will usually work on a first-come-first-serve basis, but essentially this is how all gyms work, of course.
WATER KITESURFING There are all sorts of sea sports, many of them variants of the same thing, and water kitesurfing is one of those. It’s a terrifically invigorating and thrilling sport, which involves using a kite and a board to move across the water, as fast or as slowly as you like. Kitesurfing harnesses the power of the wind through a large parachute-type kite to propel you across the water on a small surfboard or a kiteboard, which is similar to a wakeboard.
LIFESTYLE MAGAZINE
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UEFA WOMEN’S EURO 2022 M
ake sure you are clued up ahead of this summer’s highly anticipated competition
An international sporting tournament is set to be hosted on home soil this summer UEFA Women’s Euro 2022. England will be the host country for the highly anticipated competition which will be the 13th edition. The Euro’s is one of the premium footballing competitions in Europe and will see 16 teams from across the continent compete to be crowned the champions. The tournament will be held from Wednesday, July 6 until Sunday, July 31 across 10 different venues in England, with the final being played at London’s 90,000 capacity Wembley Stadium. Other venue’s for the tournament include Manchester United’s 74,000-capacity Old Trafford, Sheffield United’s Bramall Lane, which sits 32,000 people and Southampton’s St Mary’s Stadium, also with a capacity of 32,000. Other spots that are set to see some international football brilliance during the tournament are Brighton and Hove Albion’s Falmer Stadium, 31,000 capacity, the 30,000 capacity Stadium MK, owned by MK Dons, the Brentford Community Stadium, which seats 17,000 people, Rotherham’s New York Stadium, with a 12,000 capacity, Manchester United Women’s 12,000-capacity Leigh Sports
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Village Stadium and finally Manchester City’s Etihad Academy Stadium, with a capacity of 7,000. Leigh Sports Village and the Etihad Academy Stadium will see some restrictions to their capacity during the tournament as standing is not allowed.
COMPETITION POSTPONEMENT The tournament was originally meant to be played from July to August in 2021, but had to be temporarily postponed due to global impact of the coronavirus pandemic, which also saw sporting competitions like the Summer Olympics and the men’s Euros called off in 2020.
CURRENT FAVOURITES Bookies favourites include hosts England, Spain, France, Sweden, Germany, who have won the tournament a record eight times, and defending champion’s Netherlands, who defeated Denmark 4-2 on home soil in the final of the 2017 final hosted in Enschede. Other teams to have qualified for the tournament include Denmark, Norway, Belgium, Iceland, Finland, Austria, Italy,
Switzerland, Northern Ireland and Portugal. The final 16 teams has been narrowed down from an incredible 48 teams which began the qualification process.
HOW THE TEAMS GOT THIS FAR Hosts England automatically qualified to appear in the finals, while the rest had to endure an initial qualifying group stage, made up of two groups of six teams and seven groups of five teams. Home and away fixtures were played within the groups, with the nine group winners and the three top performing runners-up progressing to this summer’s spectacle. The remaining six runners-up then were drawn into three ties to play home and away matches to determine the final three teams to qualify. The likes of Germany, Netherlands, Denmark, Norway, Sweden, France, Belgium, Spain and Finland all won their respective qualifying groups, while Iceland, Austria and Italy were the best performing runners-up. During the play-off section of qualification, Switzerland overcame Czech Republic, Northern Ireland beat Ukraine and Russia triumphed over Portugal.
finals of the tournament, having been called to replace Russia Women’s side, which was excluded from the competition due to the country’s military action in Ukraine.
HOW THE CHAMPIONS WILL BE DECIDED The group stages of the this summer’s spectacle will begin on Wednesday, July 6 with hosts England taking on Austria at Old Trafford, in Manchester. The competing teams have been split into four groups of four, with each team to play against one another. The two top performing teams from each group will advance to the knock-out stages, which begin from Wednesday, July 20 for single-leg matches which will advance to extra time and penalties if level at full-time. Two semi final fixtures will be played across Tuesday and Wednesday, July 26 and 27 in Sheffield and Milton Keynes before a new champion of the women’s Euro competition will be crowned in London on July 31. Those looking to watch England’s performance in the tournament will be able to watch every single fixture played by the Three Lionesses on BBC, as well as a number of other games featuring other nations throughout the Women’s Euros 2022.
However, the Portugese team will still compete in the
LIFESTYLE MAGAZINE
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Winter 2021/22
Mortgage & Protection news
mortgages
The newsletter from Xact Mortgages Limited
With rising inflation, the interest rates on mortgage deals are also on the up...
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Inflation rose to 4.2% in October (the highest level for almost 10 years), and is expected to peak at around 4.4% in 2022. To counter this inflationary growth, there’s pressure on the Bank of England to consider increases to its interest rate. (Sources: Office for National Statistics, Consumer Price Inflation; and Office for Budget Responsibility, Economic Outlook, Oct. 2021)
In fact, it has already had an impact on mortgage interest rates, with lenders factoring this into their pricing, resulting in rate rises for a number of deals on offer. Whilst the direction of travel is upwards, these increases are coming from a record low base, which means that there are still excellent deals out there. But, for how long? So, for a range of borrowers, perhaps now is the time to act to lock-in the current low rates: ■ those looking to secure their first loan deal. ■ those who have a mortgage deal that’s due for review in the next 6 months or so. ■ existing borrowers who simply want to obtain a decent interest rate now and/or raise more funds.
Planning how we live... A further consideration, and a by-product
Xact Mortgages Limited 6 The Square, First Floor Solihull B91 3RB Tel: 0800 014 9962 Email: sales@xactmortgages.co.uk Web: www.xactmortgages.co.uk
Time to Act? of the pandemic, is that many of us have given thought to the future set up of our home and the way we live. This could encompass both where we live (with some leaving the cities), or the amount of space we need (as many will continue to work from home, full or part-time).
House Price growth Possibly surprising for some, in this period of economic uncertainty, the average UK house price has actually risen 9.9% annually. (Source: Nationwide, House Price Index, October 2021)
It’s largely been driven by government tax incentives, and buyer demand for a different type of home, against a limited number of available properties. Continued on the next page
You may have to pay an early repayment charge to your existing lender if you
Mortgage Deals Decent
rates on o ffer, but startin g to rise (Source: Mo neyfacts, 8 Nov. 2021 )
Remortgaging If you’re moving towards the end of your deal period, then you ought to be considering what’s on offer from your existing, or alternative lender(s). To do nothing would mean you revert to your lender’s Standard Variable Rate, which may be in the realms of 4.41%. The following are comparative average fixed rates across the board (to give you a general feel). For those that tick all the boxes, rates are on offer from around 1% for largely 60% LTV. ■ Coming off a 2-year fixed deal - Average rate 1 Nov. 2019 = 2.45% - Average rate 1 Nov. 2021 = 2.29% ■ Coming off a 5-year fixed deal - Average rate 1 Nov. 2016 = 2.98% - Average rate 1 Nov. 2021 = 2.59% (Source: Moneyfacts, 1 November 2021)
remortgage.
■ Xact Mortgages Limited is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Xact Mortgages Limited may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. ■ This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity. ■ Your property may be repossessed if you do not keep up
repayments on your mortgage.
Time to Act? (contd) Continued from the previous page
Decent deals on offer Even in light of the current inflationary pressures, there are still a number of deals in the realms of 1%. These are primarily (but not exclusively) for those that need to borrow 60% or less Loan-to-Value (LTV) of the home’s value. However, even those needing 90% or 95% LTV could still be looking at the better deal rates of around the 2-3% mark. (Source: Moneyfacts, 17 November 2021)
These deals may be particularly enticing, but it’s not just the headline rate that needs to be considered, it’s the associated fees, and lender requirements. That’s why it makes sense to take professional advice to identify the most suitable route for you.
The help we can offer... For our part, we know where to look, as we are doing this every day for our clients.
Additionally, to help that process, and for you to be able to move swiftly, it makes sense to have all of your financial details to hand, such as bank statements and payslips. This is because lenders continue to apply stringent controls on the ‘evidencing of income’ and ‘affordability’.
Find out your Credit Score This is also really useful information to have, as it would provide us with further background knowledge. A popular site you could use is checkmyfile.com, as that brings together findings from all the rating agencies. And if your score’s not great, there may be ways to improve it. Please get in touch to hear more... You may have to pay an early repayment charge to your existing lender if you remortgage.
Quick check Monthly payments for a mortgage per £1,000 borrowed over 30 years Interest rate %
0.25 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00
Interest-only* £
0.21 0.42 0.83 1.25 1.67 2.08 2.50 2.92 3.33 3.75 4.17
Repayment £
2.88 2.99 3.22 3.45 3.70 3.95 4.22 4.49 4.77 5.07 5.37
Here’s how to use the mortgage payments calculator: A £100,000 mortgage over 30 years, charged at a 2% interest rate would cost 100 x £3.70 (for Repayment) = £370 per month. * Excludes any payments to a separate savings scheme, to help pay off the capital amount borrowed. This calculator only provides a guide to monthly payments and does not guarantee eligibility for a mortgage. The actual amounts that you may have to pay may be more or less than the figures shown. Please contact us for a personalised illustration.
■ Your property may be repossessed if you do not keep up repayments on your mortgage.
First-Time Buyers It’s a contradiction for many aspiring First-Time Buyers that what they’d pay in mortgage repayments is often less than their monthly rent, yet it remains difficult to get onto the property ladder. It’s not as if the desire to own a property is not there. In fact, 49% of 18-34 year-olds surveyed said that homeownership is now more important to them as a result of the pandemic.* (Source: *Santander, Life after lockdown, June ‘21)
Raising the Deposit 52% of this age group also set out that the deposit was their biggest hurdle.* However, Government intervention with the Mortgage Guarantee Scheme has helped bring about more products (across the board) that only require a 5% deposit. Others may be able to benefit from the Bank of Mum & Dad (plus Grandparents) to help deliver the deposit.
Rising House Prices
Type of Mortgage you opt for
The demand for more space afforded by larger properties has helped drive up prices. So, you may find that if you’re after a smaller home, it might be more achievable than you first thought to get a foothold on the property ladder. Additionally, there’s the Government’s First Homes Scheme for new-build properties (in England, although other initiatives may exist elsewhere in the UK). For eligible purchases, it’s designed to provide homes at a minimum discount of 30% against the market value, resulting in both a smaller deposit and mortgage loan. However, the discount off the price remains with the property when you sell it on.
Another way of reducing the monthly mortgage payments is to take out a mortgage over a longer term, such as paying back over 35 years. Although, this means that you will be paying more money back, if extending the payback period. However, over your lifetime of property ownership, you’re not committed to stay with the same deal - with homeowners often having a number of different mortgage deals across the years. The process can be confusing and that’s why around nine out of ten First-Time Buyers are likely to use an Adviser. (Source: Accord Mortgages, July 2021)
a standard 6m x 4m extension could cost in the region of £26-34,000.
Should I Stay or Should I Go?
The last 18 months or so may have made you realise that you need more space for both you and your family, with some preferring to stay put, rather than move.
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The upside of this is that your current property may have increased in value compared to when you took out your existing mortgage deal. If that’s the case, then it may be easier for you to borrow extra money (if needed) to help create the space you want.
Property price rise For example, if you’re coming to the end of a 5-year mortgage deal, the average house price in October 2016 was about £206,000, by October 2021, it’s around £250,000. (Source: Nationwide, House Price Index, October 2021)
If you borrowed 70% LTV in 2016, then by 2021, you’ll be under the 60% LTV threshold, which opens up the better deals. Or, you can take a view that you are able to meet the borrowing criteria, and are comfortable with a 70% LTV deal - thereby releasing around £30k+ of extra funds. Of course, taking on extra borrowing may not be the most suitable route for you.
Additionally, if you remortgage before the end of the deal period there may be financial penalties. So, you have to weigh up all of this, along with the alternative costs attributable to moving home to secure the space you need.
Build up or build out? This would be the most obvious way to secure the extra living space you need. And whilst it’s likely that there are planning and building regulations to consider, the planning aspect can be less onerous these days if you remain within an accepted footprint, and keep your neighbours onside.
Extension This could create an extra room for an office, or simply be an extension to the kitchen area to help create more space. Rough costs: according to mybuilder.com,
Protection Insurance Rather than hunkering down following Covid claims, the Protection industry has responded positively and continues to pay out most claims, and deliver innovative products for today’s lifestyles... With the ongoing impact of the pandemic,
repayments on your mortgage’ possibly
it’s important to consider ways of insuring
resonates with them. Those renting also
yourself against early death, or the inability
need to ensure they can stay in their home.
to earn an income due to a serious illness, mental health issue or injury. In fact, according to Royal London, 15.9m people now feel more financially
So, don’t just view Protection Insurance as a small issue to consider when taking out a mortgage deal. Instead, get in touch with us to see if what you have
vulnerable than they did back in March
currently works well for you, or if there are
2020. (Source: Royal London, August 2021)
areas where you feel exposed.
The warning that ‘your property may be repossessed if you do not keep up
As with all insurance policies, terms, conditions and exclusions will apply.
Loft conversion This can create a master bedroom with en suite, be used as an office, or simply deliver an extra room(s) to ensure everyone isn’t always on top of each other! Rough costs: according to mybuilder.com, this costs on average £40,000.
Wide-ranging renovations Alternatively, you may want to do more, such as extend and update your kitchen, rewire, new heating system, new windows, and so on, to ensure the home layout works as best as possible for you. Rough costs: according to Checkatrade, against a 3-bed property, this might cost in the realms of £38-74,000.
Does it add value? Generally, it should. With an extension, or loft conversion, you are delivering more space, which should, understandably, make your home more marketable. (Sources: mybuilder.com website & Checkatrade website, both September 2021)
You may have to pay an early repayment charge to your existing lender if you remortgage. n Your property may be repossessed if you do not keep up repayments on your mortgage.
98% of all claims were paid out in 2020, equating to £17,000,000 a day! Life Cover
n 99.5% of all claims were paid out. n Average payout of £79,304 (term),
£4,026 (whole of life).
Critical Illness
n 91.3% of all claims were paid out. n Average payout of £67,011.
Income Protection
n 86.5% of all claims were paid out. n Average payout of £22,170. n Average length of claim could
be around 6 years.* (Sources: Association of British Insurers, 2020 data, May 2021 release; *2020 claims data from LV and Aviva)
Make it
Work for Yourself The Self-Employed may feel hard done by in recent times. Some would have missed out on Government financial support, and mortgage lenders have been applying stricter lending criteria. So, it’s no wonder that many feel they’ll never own a home, or will face issues when seeking a new mortgage deal.
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At the outset of the pandemic, much of this was true regarding the ability to secure a mortgage. More recently, 47% of self-employed workers still feel deterred from even applying for a mortgage because of their self-employed status. (Source: The Mortgage Lender, August 2021)
But, let’s not forget that the self-employed sector comprises around 4.3m workers. Whilst that’s down on the 5m at the start of the pandemic, it’s still a sizeable part of the total workforce (around 13%). Of those remaining, many would have been nimble enough to adapt their offering in light of the economic climate. (Source: Office for National Statistics, Labour market overview, September 2021 release)
Also, the resourcefulness and size of this marketplace is not who seem to be easing some of their criteria restrictions. For example, some lenders appear to be more accepting of variable income streams such as bonuses, commission, or overtime, than before. Plus, there’s the revamp of IR35, which may impact upon affordability issues for some. If you find yourself in this situation, then it would be prudent to also have a chat with your accountant.
lost on lenders,
LIMITED GOVERNMENT SUPPORT ■ The majority of self-employed people (57%) said they
Rates on offer For those that can meet the affordability criteria required by lenders, they may benefit from the current competitive pricing. There are headline-grabbing ‘circa 1%’ deals, largely for the 60% Loan-to-Value (LTV) borrowers. But the competition amongst lenders has meant that even at the low deposit deals for 90% and 95% LTVs, it’s still showing low average rates for 2-year fixed rate deals of 2.54% and 3.22%, respectively. With slightly higher rates for the 5-year deals. (Source: Moneyfacts, 1 November 2021)
Insuring your income stream In addition to having Life Cover insurance to help pay off the mortgage, and to support your family, you should protect your income stream too, if you were unable to work through an injury or serious illness. This could come in the form of a Critical Illness policy (as a stand-alone plan, or an add-on to life cover), and would pay out a tax-free lump sum on a successful claim. Alternatively, there are Income Protection plans, which are designed to pay out a monthly income for a successful claim. Yet, many self-employed and contract workers mistakenly believe that they’ll never qualify for this insurance protection. That is generally not the case and, in fact, this insurance is possibly even more important for the self-employed, who are unlikely to have employee benefits, such as sick pay.
had no government support in the last 12 months. ■ Of those that did receive support, 28% received a grant,
with less taking up the various loans on offer. ■ A small percentage (9%) had used the furlough scheme
As with all insurance policies, terms, conditions and exclusions will apply.
for their staff. (Source: The Mortgage Lender, September 2021)
■ Your property may be repossessed if you do not keep up repayments on your mortgage.
Rental returns Despite the difficult economic environment, many of the fundamentals for a positive Rental sector for Landlords still remain, when you consider the following three statements... ■ Enough new homes are being built: there aren’t. ■ A deposit for first-time buyers is easy to secure: it isn’t. ■ Mortgage interest rates are sky high: they aren’t.
Were those factors true, then the Private Rental Sector would be less appealing to Landlords. As it happens, demand remains high, and if Landlords want to remortgage, then property price increases over recent years (combined with low interest rates) are working in their favour.
A downside
should open up the better deals. And, for others, it will present opportunities to raise further funds to renovate the existing property, or help to access money to purchase additional properties.
Buy-to-Let interest rates This information may be relevant should Landlords be nearing the end of their deal period, or are simply looking to remortgage. The comparative ‘average’ rates across all LTVs are even lower than the 2 and 5-year ones that could be coming to an end, despite the recent upward trend in rates. And, if the Landlord falls into the lower LTV arena, then they could have access to even better deals: 1 November 2016 = 3.72% (historical 5-year deal rate)
Of course, it’s not all plain sailing, as Landlords still face sizeable regulatory and tax issues to navigate, and many will have suffered from the recent support afforded to defaulting renters.
1 November 2021 = 2.88% (2-year deal) / 3.18% (5-year deal)
Renter demand
Do talk to us to hear more.
As said, demand remains high, but the hotspots have changed throughout the UK compared to pre-pandemic times. Some renters (as with house purchasers) have moved away from the cities. Overall, the UK average monthly rent figure is at £1,059, up 8.7% on the year prior. Regionally, the biggest annual growth has occurred in Wales (12.9%), Northern Ireland (11.6%), Greater London (9.7%) and the North West (8.9%). (Source: Homelet Rental Index, October 2021 data, released November 2021)
1 November 2019 = 2.96% (historical 2-year deal rate) (Source: Moneyfacts, Buy-to-Let Average Fixed Rate deals, 1 November 2021)
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that the rental income will be sufficient to meet the costs of the mortgage. The value of your Buy-to-Let property and income from it can go down as well as up. You may also require advice on the legal and tax issues. The Financial Conduct Authority does not regulate legal and taxation advice, and most Buy-to-Let mortgages.
House Price growth
HM Revenue & Customs practice and the law relating to
Over recent years, many Landlords will have benefited from house price rises. If this is the case, then it should deliver more options for those nearing, or coming off 2- and 5-year mortgage deals. For example, in October 2016 the average residential house price was £205,904, five years on, it’s £250,311 - a jump of over 21.5%.
taxation are complex and subject to individual circumstances
(Source: Nationwide, House Price Index, October 2021)
In some cases, that may mean access to lower LTV rates, which
and changes which cannot be foreseen. You may have to pay an early repayment charge to your existing lender if you remortgage. ■ Your property may be repossessed if you do not keep up repayments on your mortgage.
The continuing impact of the pandemic has reinforced the importance of protecting your income stream through insurance cover such as an Income Protection policy.
Protect your EARNINGS... »
Across a working lifetime, consider this: the average annual income of about £30,000 (discounting inflation), could equate to about £1,400,000. This amount is almost six times the current average value of a UK home - circa £250,000. Yet many will willingly insure their home, plus sensibly take out life cover to help pay off the outstanding mortgage (as a minimum), but far fewer apply the same principles to their own income stream.
(Source: Office for National Statistics, Labour market overview, September 2021 release)
payouts from the Income Protection policy for that period of time, and face lower premiums as a result. Income Protection will generally cover up to around 60-65% of your gross income, and dependent on the type of product you opt for, it could be a tax-free monthly payout until you’re well enough to return to work, retired or have died, whichever occurs first. And, if you’re still working and paying premiums, you can claim against it more than once. Alternatively, if a lower monthly premium is better for your pocket, then you could opt for a scheme that only pays out for a specific period of time, generally one to two years (although it can be up to five, in some instances).
Probability calculator
Funding your insurance cover
To get a feel for your own particular circumstances, why not use this probability calculator which sets out the ‘broad’ chances of you being off work for a period of time, along with suffering a critical illness, or dying. Simply enter your age, gender and smoker/nonsmoker information into - www.riskreality.co.uk. Of course, it’s only topline data, and personal circumstances will differ. It shows, for example, that there’s a 33% chance for a 35 yearold, non-smoking, male to be off work for 2 months or more from now up to a retirement age of 68. For a female, the comparable figure is 41%. If viewed as a couple, then the risk of it occurring to just one of them rises to 60%! And, once you factor in that they are also smokers, the comparable figures are 41%, 51% and 71%, respectively. Whilst these results are merely a guide, it shows that bad things can happen.
You may be surprised that by simply cutting back on some of life’s small luxuries (odd takeaway, cab ride, cafe coffee, magazine, etc), you can swiftly set aside the premiums for an insurance plan that protects your income stream. Even better if you are one of the two in five Brits that have actually saved money across the pandemic period - a combined £5.8bn per month in 2021.* Part of these savings could be sensibly directed to paying the premium for an Income Protection plan.
(Sources: Office for National Statistics, Labour market overview, September 2021 release; Nationwide, House Price Index, October 2021)
Are we Invincible? Most of us will feel that being off work long-term, and unable to earn an income is unlikely. But it has happened to 2.15 million people in the UK, who are currently off work due to long-term sickness.
If it happens to you... The upside (unless you’re a contractor or self-employed) is that you may, initially, benefit from ongoing financial support from your employer, if you were off work due to an illness, or injury. However, it’s only likely to be there for a defined period. Plus, there’s limited state support to try to access. In which case you need to look at how you might cover any income shortfall, and this is where you could plan ahead and have an Income Protection policy in place. If you benefit from employer support, then you could defer
(Source: *LifeSearch, Health, Wealth & Happiness, Q2 2021)
As with all insurance policies, terms, conditions and exclusions will apply. ■ Your property may be repossessed if you do not keep up repayments on your mortgage. This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity. ■ The contents of this newsletter are believed to be correct at the date of publication (November 2021). ■ Every care is taken that the information in the Mortgage & Protection News publication is accurate at the time of going to press. However, all information and figures are subject to change and you should always make enquiries and check details and, where necessary, seek legal advice before entering into any transaction. ■ The information in this newsletter is of a general nature. You should seek professional advice tailored to your needs and circumstances before making any decisions. ■ We do hope that the newsletter is of interest to you, however, please inform us if you no longer wish to receive it.
■ We cover mortgages, insurance and protection products along with a number of other financial areas, so do contact us if you’d like to discuss your financial needs: Tel: 0800 014 9962 Email: sales@xactmortgages.co.uk Web: www.xactmortgages.co.uk
mortgages Tel: 0800 014 9962 Email: sales@xactmortgages.co.uk
Steve Froggatt HOW LONG HAVE YOU BEEN WITH XACT? Been with Xact for 5 years WHAT DO YOU LOVE MOST ABOUT YOUR JOB? Helping people find the best deal in as simple a way as possible SOMETHING ABOUT YOU THAT PEOPLE WOULD BE SURPRISED TO KNOW? I met Nelson Mandela on an Aston Villa club tour in 1994 FAVOURITE FOOD? Italian FAVOURTIE TYPE OF HOLIDAY? Whale watching and shark cage diving in South Africa
Conor Brown HOW LONG HAVE YOU BEEN WITH XACT? 18 Months WHAT DO YOU LOVE MOST ABOUT YOUR JOB? Helping people get the best deal for their mortgage but also love making sure that everyone is fully protected SOMETHING ABOUT YOU THAT PEOPLE WOULD BE SURPRISED TO KNOW? I lived in America for 18 months FAVOURITE FOOD? Sunday Roast – so many flavours on one plate FAVOURTIE TYPE OF HOLIDAY? Disney Land as it is a real family holiday. I can’t wait to take my family there. However, I have always dreamt of going to Bora Bora
Colin Jones HOW LONG HAVE YOU BEEN WITH XACT? 5 years WHAT DO YOU LOVE MOST ABOUT YOUR JOB? Speaking to clients on a daily basis and giving them the peace of mind that should the worst happen they will be financially secure. SOMETHING ABOUT YOU THAT PEOPLE WOULD BE SURPRISED TO KNOW? I am a qualified Golf Instructor FAVOURITE FOOD? Italian FAVOURTIE TYPE OF HOLIDAY? Hawaii
www.xactmortgages.co.uk
Meet our Advisors Lee Heycock HOW LONG HAVE YOU BEEN WITH XACT? Since December 2017 WHAT DO YOU LOVE MOST ABOUT YOUR JOB? Solving problems for people who are looking to move but don’t think its achievable SOMETHING ABOUT YOU THAT PEOPLE WOULD BE SURPRISED TO KNOW? Prior to Xact I served in the Infantry as a LCpl in the Royal Anglian Regiment where we toured Afghanistan, Nigeria and Kenya FAVOURITE FOOD? Sushi, looking forward to the new Japanese restaurant opening in Solihull! FAVOURTIE TYPE OF HOLIDAY? A cruise around Italy and the Greek Islands
Mike Hodgkinson HOW LONG HAVE YOU BEEN WITH XACT? 19 September 2001…Day one WHAT DO YOU LOVE MOST ABOUT YOUR JOB? I love putting smiles on our customers faces SOMETHING ABOUT YOU THAT PEOPLE WOULD BE SURPRISED TO KNOW? I have a gold medal for ballroom dancing watch out strictly here I come FAVOURITE FOOD? Sunday Roast FAVOURTIE TYPE OF HOLIDAY? Cornwall, have been lucky enough to travel most of the world, Cornwall is still the best
Alan Dalby HOW LONG HAVE YOU BEEN WITH XACT? I have been back since August 2020, having worked for the firm for 5 years previously WHAT DO YOU LOVE MOST ABOUT YOUR JOB? Love helping our clients achieve their goals and ambitions of home ownership and constantly offering the best customer experience possible SOMETHING ABOUT YOU THAT PEOPLE WOULD BE SURPRISED TO KNOW? I’m scared of heights, yet have been to the top of the Eiffel Tower FAVOURITE FOOD? Can’t beat my Nan & Grandad’s Sunday Lunches FAVOURTIE TYPE OF HOLIDAY? Give me a nice Pool in a hot country and I’m happy
The information contained herein is of a general nature and should not be relied upon as legal or financial advice and is not intended as a substitute for the same. You should seek professional advice tailored to your needs and circumstances before making any decisions. The contents of this newsletter are believed to be correct at the date of publication (April 2021).
Present your house for sale by de-cluttering... Maximise your home’s potential and create spacious rooms enticing potential buyers – simply by de-cluttering!
De-cluttering allows you to… maximise your space, emotionally prepare you to move, and will allow you to focus your buyers on what is important
I
f you are looking to sell your house, or have had your home on the market for a while now, then you probably want to get the maximum sale price in the quickest time. There are a few things you can’t control – but the one thing that is in your control, is the look and feel of the interior and exterior. While it’s worth spending time fixing and cleaning your house before potential buyers come and view, it’s also important to de-clutter. This creates spacious rooms and also allows you to decrease and organise your personal items before you move yourself. Of course it’s understandable that you don’t to want spend money, time and energy on a home you are about to leave, however, a lot of people are looking for a house in which they can move straight into. Maintaining your
property might even save you thousands of pounds; it could even reduce added expenses of living in your home whilst waiting for a sale. And it might even help avoid possible reductions in the asking price. The main reason in which people move house tends to be because they lack space in their current home. They want a home that is spacious and in which they can grow into. If a potential viewer comes to your home and sees that there is lack of space, then this will turn them away. De-cluttering allows you to remove any unnecessary items in an untidy or overcrowded place. It will help maximise your space, emotionally prepare you to move, and will allow you to focus your buyers on what is important.
So where should you start? You need to create a great first impression and focus on the rooms themselves. You will notice that the first things you see in each room are personal items. Where possible you want to create the look of a
them into things you want to keep and things you want to get rid of. You may even find that you have collected a cupboard full of paper work. Get yourself organised! Don’t just throw it all away, but file it and go through it thoroughly. This will also make it easier when you move.
De-personalising can also be a great way to declutter. Too many personal effects can be distracting to buyers. They want to see a house in which they can make their own memories rather than seeing yours. Again, personal items can be stored away. Remember
Where possible you want to create the look of a lifestyle that the potential buyers want lifestyle that the potential buyer want. This usually has a ‘show home’ feel, rather than a ‘lived in’ feel. Minimising your things is the quickest way to do this: you want to ensure that potential buyers can do simple things, like, open any doors easily, ensuring that there are no obstacles. So, what do we mean by clutter? There are two types: genuine clutter, and items that you want to keep but don’t work for the sale of your property. Genuine Clutter: You need to go through the space and sort out each item, categorising
You also want to focus on little things like DVDs, books and trinkets. These items may have some small value so sell them or donate them to charity. Get rid of any old shoes and coats that are lying about in your porch or hallway. You might want to hide away the coats and shoes you do currently wear. Store them in your wardrobe, while you have viewings. Items that you want to keep but don’t work for the sale of your property: You may want to consider putting some items in storage while you sell your home. Sometimes items are too large or even too small for some spaces and can make the room look odd. If you want to keep these particular items, then store them until you move into your new home.
that this is only a temporary way of living and hopefully it won’t be for long! If you find you are keeping more things than you are throwing out, then think about whether or not it’s in the right room or do you even need it now? As previously mentioned, you can attempt to sell some of the things you have acquired over the years. Use sites like eBay, Gumtree and social networking sites to try and sell items. You may want to even hold a house sale for the remaining items that you can’t sell. Failing that, why not donate to charity. The end goal is still the same and it’s important to help potential buyers envision your house as theirs. So remember, decluttering will make your home more spacious and entice potential buyers!
Top Tips! If you are throwing away paperwork, shred anything that is confidential
De-clutter before agents come and take photos of your property. This will help attract more potential viewers online and get that first good impression
Don’t spend too long on certain items and don’t get distracted. Keep yourself motivated and race against the clock!
Make it fun! Play some music or watch TV while you de-clutter
Your step-by-step guide to the conveyancing process
O
nce a sale has been agreed and is in the hands of your solicitor, it will go through the following stages. Sometimes additional work will be needed – for example, if the property is leasehold or is yet to be registered with the Land Registry. It is also important for buyers to discuss the availability of their deposit with their solicitor early in the transaction, and we strongly recommend that you contact your solicitor regularly so that they can keep you fully up-to-date with the progress and the latest timescales.
Seller’s solicitor’s steps • O btain a copy of the Title Deeds (or office copies if the title is registered) • Obtain a copy of the Energy Performance Certificate (EPC) (if applicable) • The seller(s) will return a completed Property Information Form and a Fixtures, Fittings and Contents Form to the solicitors • Copies of the above documents, plus a draft contract – this is known as an ‘Information Pack’ – will be sent to the buyer’s solicitor • Answer the buyer’s solicitor’s additional enquiries (for example, specific questions about fixtures and fittings) and obtain copies of any planning consent documents • Agree the contract and arrange for the sellers to sign it in readiness of the exchange (below) • All parties agree completion dates and the contracts are exchanged
Between exchange and completion • O btain redemption figures from the mortgage lender and reply to requisitions on title • Approve the transfer and arrange for the seller(s) and buyer(s) to sign • Receive the agent’s fee account and seek the seller’s consent to settle this out of completion funds
Completion date This is the date the ownership of the property passes from the seller to the buyer, and it follows the successful transfer of funds. It’s the date that the whole process works towards.
Upon completion • Receive completion funds and (only when this has been completed) instruct your estate agent to release the keys to buyers. Redeem mortgage and forward the financial statement. Forward any surplus funds (unless these are being used to fund an onward purchase). Ensure all outstanding bills are paid • Forward transfer documents and deeds to the buyer’s solicitors • Forward evidence of ‘discharge of mortgage’ to the buyer’s solicitors
Buyer’s solicitor’s steps • O btain the Information Pack, including a copy of the EPC (if applicable) from the sellers’ solicitor and raise any additional queries • Initiate any specialist searches (for example: a coal search). Submit local, environmental and water searches and a chancel check. This takes about 10 working days in total, and enquiries are then usually raised from the results • Approve the contract when all enquiries are satisfactory and complete. (At this stage, a mortgage transfer deed will need to be signed and witnessed) • Receive a mortgage offer and instructions from the lender and deal with any conditions set out by them. Make sure that life cover and buildings insurance is being arranged • Request the deposit, report back to the buyer, and arrange for the contract to be signed. Place buildings insurance and life cover in force • All parties agree completion dates and the contracts are exchanged
Between exchange and completion • Raise ‘requisitions on title’ and prepare the draft transfer deed • Report on title to mortgage lender and obtain funds for completion, including Stamp Duty (if appropriate) • Prepare accounts, obtain signature to mortgage deed and undertake final Land Registry and Land Charges searches
Completion date This is the date the ownership of the property passes from the seller to the buyer, and it follows the successful transfer of funds. It’s the date that the whole process works towards.
Upon Completion • F orward to the seller’s solicitors the balance of funds − it is only then that they can authorise the release of the keys. Receive from the seller’s solicitors, the transfer document deeds • Stamp the Transfer Deed, register the buyer’s ownership with the Land Registry and forward the deeds to the lender or client (where appropriate)
Contract - The agreement that sets out the main terms that have been agreed − for example: price, address, names, etc. Two copies are drawn up, and each party signs one in readiness for the exchange of contracts. Deposit - The part of the purchase price (usually 10%) which the buyer pays on exchange of contracts. Exchange of contracts - The swapping of signed contracts by the solicitors (together with the buyer’s deposit). After this, the contract is binding. Energy Performance Certificate - This contains information on energy use, energy performance, carbon dioxide emissions, and fuel bills. Land Registry - The Government department that records who owns what land, and under what conditions. Local Authority Search - A list of questions that are specific to the property and intended, for example, to discover if there have been any planning applications on the property, if the road to the house is maintained by the council, etc. Mortgage Redemption Figure - The amount required to repay the outstanding capital/ interest of a mortgage. Property information form/fixtures, fittings and contents form - Standard forms about the property that the seller answers for their solicitor (for example: what will be left behind, details of guarantees, etc.) Title Deeds - Legal documents that prove ownership of land/buildings, and the terms on which they are owned. Transfer of Title - The document that passes the ownership from the seller to the buyer. Stamp Duty for buy to let investors and second home owners - An additional tax, paid by the buyer purchasing an additional property that is not their main residence. It includes buy to let landlords and those buying second homes and holiday homes. The higher rates will be 3 percentage points above the current rates of duty shown below. Requisition on title - An enquiry relating to the completion arrangements. Seller’s Pack - This comprises a Property Information Form, a Fixtures, Fittings and Contents Form, a copy of the title deeds and the draft contract. Stamp Duty - A tax paid by the buyer purchasing their main residence. The current Stamp Duty Holiday runs until the 30th June and as such you won’t pay stamp duty on purchases up to £500,000. After this date the nil-rate band will be set at £250k until the end of September.
Moving house? From meter readings to removal companies, there’s so much to remember when moving house. Here’s our checklist of what to do and when
F
irst of all, congratulations on your new home! The excitement has probably now kicked in but moving home can also be one of the most stressful and emotionally draining things you can do. However, careful organisation and planning can help decrease the stress and anxiety of moving. This comprehensive and essential checklist will help you do just that.
Eight weeks – Research Ideally, you want to start packing away any non-essential items as early as possible. This includes any items stored away in the loft, garage and shed. If you are not using it, pack it. Looking into your new area is also important, try to do this around eight weeks before you move. You might need to think about transferring your children to different schools and ordering new uniforms too. At this point, ensure you are also documenting all your important information away: that includes contact details, dates, contracts and information regarding your solicitor.
Six weeks – Removal companies or do it yourself? Now would be the perfect time to decide on a local removal company. Or if you don’t have too much to move, you may want to do it yourself. You could even look into different van hire companies. At this point you’ve probably started packing away some bits, but if there is anything you decide not to take, then look into selling these items or donating them to charity. This will also give you an idea on the volume of items you have to move.
Four weeks – Notify utility companies This would be a good time for you to notify utility companies and inform them about your move to switch over. This includes gas and electricity, council tax, internet, phone rental and TV. You should also consider changing any car insurance, tax, memberships, phone contracts and inform your bank about the move. Now’s the time to also arrange a date to have your new house cleaned before you move
The buyers of our homes receive their very own property website to share via
Checklist Eight weeks Pack non-essential items Research your new area (transfer schools and order new uniform) Keep all important documents
Six weeks Decide on a local removal company Clear out any unwanted items Keep packing
Four weeks
It will be worth packing a night bag each to help everyone settle in, which means you won’t have to rummage through everything to find your toothbrush! in, and start ordering any new furnishings for your new property. Start packing away more items, that being, out of season clothes, books, dvd’s and even bulky items, like TV’s that aren’t used often.
Two weeks – Confirm all details Confirm your move with your removal company or van hire, estate agents and schools. If possible, try to organise someone to look after your pets and children for the day of your move, as this can also be a stressful time for them too. If your removal company doesn’t disassemble any furniture or sort out the un-plumbing for the washing machine, then now would be the ideal time to organise these. Remember to also cancel any local services you receive: this could be window cleaners, gardeners and newspaper deliveries. You should now also think about re-registering to vote and getting your post re-directed after your moving date. Continue packing away more furnishings, kitchen appliances and crockery that you won’t be using for the next couple of weeks.
24 hours – Final check and walk round You now have only 24 hours before you move, so double check that everything is packed away and ready for transit. It will be worth packing a night bag each to help everyone settle in, which means you won’t have to rummage through everything to find your toothbrush! You may want to create an inventory of your boxes and
furniture to help you keep track of what you have and to help you ensure it doesn’t go missing.
Moving day Today is the day! You need to be ready for when your removal company comes. Ensure that you let them know if there are any fragile boxes that need extra care when handling. If you’re moving yourself, then pack up your car or van and work out how many trips it may take. Before you leave, also take note of your final meter readings and send these off to your provider. Don’t forget to leave your keys for the new owners!
You have arrived at your new home! Give your removal company instructions of which boxes go in which rooms and make sure you are happy with everything that has arrived. Ensure you check for any damage before the movers leave. Read your new utility meters and send your readings of to your supplier. Taking photos of them will also ensure you have the correct reading if you need them again in the future. Unpack your essentials such as bed linen and clean towels. Don’t worry about the rest, it isn’t going anywhere! Order a takeaway, have a cup of tea and enjoy your first night with your family. Right, so now you’re all moved in, it’s time to settle down, unpack and enjoy your new place. Remember, planning is essential to ensure your move runs stress free.
social media with its address and personal message!
Notify utility companies Start preparation for your new house Keep packing
Two weeks Finalise all details Organise pet and child care Cancel local services Keep packing
24 hours Check every room and ensure everything is packed Pack a night bag so everything is to hand Collect your new keys Make sure your phone is fully charged so you can get in touch with the estate agents or removal company
Moving in Prepare for the arrival of the removal company and give them directions/ your contact details Ensure everything is ready to move Record meter readings
On arrival Give removal company instructions of what goes where Check for any damage before they leave Read your new utility meters and send them off to your supplier Check if the previous owners have left anything behind Unpack essentials Order a takeaway and sit back and relax!
Want to treat yourself to a proper removal company for your next move or are you prepared to do it yourself
Removal company or brave it yourself? Y
ou’re excited about your new home and location but the process of packing, organising and actually moving all of your items is something no-one really ever looks forward to. Not only that but you also have to contact utility companies, maintain a job, keep your children happy and clean your entire house. You do have super powers, right?
Removal companies You also won’t have to worry about the exhausting physical side of things, that being carrying boxes back and forth
Unless you live in a small property or flat, it could be worth hiring a professional removal company to help relieve some of the stress on the day. They have many skills and experience and some of the services they can provide include packing and
unpacking, dismantling and assembling furniture, loading your belongings quickly and securely, including those fragile and specialist items. They can even supply you with packing materials. Hiring a removal company will also allow you the time to collect the keys to your new home. You also won’t have to worry about the exhausting physical side of things, that being carrying boxes back and forth. Some services are great if you don’t have much time to plan and get these done yourself; however these do often come at a premium and may not be suitable for those on a budget. When choosing a removal company
Top tips for packing When packing, ensure you don’t overload your boxes with heavy items, as these will be difficult to lift and could cause a back injury. Fill any empty gaps using old newspaper, clothing, socks or even tea towels. This will help secure any items when they are being moved. its key to look at those which have good recommendations and reviews, as you need a company you can rely on. You can use comparison sites, such as comparemymove.com and reallymoving.com, to help find you the best deals.
items you have. You should also ask for the price to be broken down so you can see just how much you are paying for when it comes to certain aspects like insurance, packing, an hourly rate, mileage and any storage costs.
Getting quotes
Once you have found a removal company, it can be useful to send them a briefing sheet that includes information about any items which need to be specially packed, any difficult or large items, plus any carpets and curtains which need moving. Finally, it can also be helpful to send them a floor plan of the new property so they can unload efficiently.
You should aim to get at least three quotes from removal companies, preferably from firms which will come out to your property rather than those who just estimate the cost over the phone, as you don’t want any nasty charges later on. Plus it will give the company an accurate idea of any restricted areas in your home, if they can park a van or lorry, and how many
Create an inventory and label all your boxes and write the contents on each box with a marker. That way you will know which room each box is to go in. And if you are super organised, you could even colour code each room! Pack heavier boxes on the bottom. This might seem like common sense but it will ensure that any of your fragile items won’t break. Pack a survival box. These are the things that you will need first and should include paper towels, bin bags, cutlery, the kettle, some mugs, tea, coffee, milk, sugar and finally, some toilet paper!
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