Latest property news from Truuli

Truuli are backing calls for a Property MOT in the private rented sector…

Researchers from the University of York have called for the introduction of a Property MOT, operating in a similar manner to the system for cars whereby the condition of homes are checked on an annual basis. In summary, the report states that current regulation of the sector is ‘confused and contradictory’, ‘failing at multiple levels’. The report reveals that conditions of a property worsen the longer tenants are inhabiting, with

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Should I fix my mortgage for five years?

Should I fix my mortgage for five years? Historically two year fixed rate mortgages have been the go to product when taking out a new mortgage or re-mortgaging. In my opinion, the main reason for this choice is historically the price difference between a two and five year fix has been wide enough to not make it worthwhile paying the extra money. Over the past couple of years in a

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Truuli - Bank of England

Has today’s interest rate increase made things difficult for aspiring homeowners?

The Bank of England’s Monetary Policy Committee has announced today that interest rates will increase by 0.25% to 0.75%, in a unanimous vote. Today’s news will be welcomed by savers in general but not for those saving to get on the property ladder as any increase in savings rates won’t bridge the gap on rising house prices. Homeowners not on fixed term mortgages will see an average rise of around

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Economists predict an interest rate rise in the near future

With the royal wedding and recent record temperatures boosting the UK economy in May, economists predict an interest rate rise in the near future. The UK economy grew by 0.2% in the three months leading to May, compared with the previous three-month period, the latest figures from the Office for National Statistics (ONS) show. However, wages rose more slowly over the same period, wage growth, excluding bonuses, slipped to 2.7%

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Truuli’s Local Guide To Croydon

REGENERATION Croydon is a wonderful suburb in Surrey that is undergoing major reinvention with a modern city feel. The Council is now working with the Mayor of London on the Croydon Opportunity Area. An Opportunity Area Planning Framework (OAPF) has been proposed for the town centre to coordinate this investment. Work is underway on five masterplans underpinning the preparation of this framework: East Croydon, West Croydon, Mid Croydon, Fairfield, and Old Town. There are

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Truuli Estate Agents - Potential Costs when buying a home

Potential Costs When Buying A Home

Purchasing a property should be a joyful occasion, however, it can be a stressful process without the correct planning and preparation. As well as a mortgage, there are other costs too…   Mortgage Deposit and Interest rates The amount of money you have saved towards your home purchase can have a big impact on your future monthly mortgage repayments. The more you have saved the better the mortgages on offer

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