Lincoln Property Market
What will the stamp duty cuts & interest rate rises mean for Lincoln homeowners & landlords? Last week the Bank of England increased interest rates to 2.25% and they are expected to be 3.25% by early next year. This increase will make the monthly mortgage payments more expensive for first-time buyers, an issue dubbed by some as the ‘property affordability…
Lincoln OAPs are Getting Jobs and Downsizing Properties to Beat the Cost-of-Living Crisis.
Lincoln OAP retirees have to make tough choices with the onset of the cost-of-living crisis. Growing inflation, unpredictable financial markets and the high cost of living mean many former retired Lincoln people are returning to work in what has been dubbed the ‘great unretirement’. Some are even bringing forward their downsizing house move. Looking at the changing job market, July…
Lincoln Tenants’ Spiralling Energy Bills are About to Become Lincoln Landlords’ Problem
As gas and electric bills rocket for Lincoln tenants, Lincoln landlords who do not start to make energy efficiency upgrades face lengthy void periods and will have to discount their rents. This is irrespective of the Government’s plans to change the rules on renting properties with low Energy Performance Certificate (EPC) ratings. Until six months ago, out of the thousands…