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    Writing your will Essex

June 30, 2017

Slowing Housing Market Creates Flat Summer Property Market

According to the Royal Institution of Chartered Surveyors (RICS), slowing momentum and stagnant demand in the housing market has lead to a “fairly flat” summer for property. This comes after it was reported that the number of agreed sales and new instructions declined in April and the level of inquiries was flat in March.

The number of properties now on estate agents’ books is now hovering just above a record low, and this is expected to continue as we approach the summer months. Unfortunately for prospective buyers, this lack of stock means that house prices are continuing to rise, particularly in the east of England where house prices have risen by 5.6% since last year.

Even momentum in the rental market has slowed! Recently, rent in London fell by £100 for the first time since 2009.

In it’s report, RICS said this decline in the housing market is due to this lack of supply and slow momentum as well as the uncertainty caused by the latest General Election.

So what does this mean for potential homeowners?

For those looking to settle down in 2017, the rising house prices can make it seem difficult to see yourself ever moving into your first house. But there is a little bit of hope for new homeowners and existing owners!

In fact, it is new buyers who are driving increases in the housing market. For example, in 2016 the number of first-time buyers rose by 339,000 joining the property ladder.

To encourage an increase in the housing market from existing homeowners, banks are also offering homeowners cheaper loans so they can save money when they get a new mortgage and a lower interest rate.

If you’re interested in getting on the property ladder, or maybe even changing your mortgage, the team at Bespoke Support Network can put you in touch with a mortgage advisor Essex.

Bespoke Support Network Essex have access to thousands of experts across the UK covering all aspects of housing and more, including business advice and writing your will.

To find out more information about our mortgage services, call 0300 303 3441 and speak to our team.
April 28, 2017

Bespoke Support Network Talks: Protecting Your Will

When you decide to write your will, it’s not very often that you think about the possibility of this document being challenged by a member of your family once you pass. Therefore, it’s so important to take the time to write your will correctly and think about the consequences that it could have on certain family members.

Here at Bespoke Support Network we understand the issues that can arise should someone wish to challenge your will. We also understand how and why this could happen, so here are our tips to protecting your will from being contested.

  • First things first it’s important to word your will carefully. You need to make sure everything is clear and where necessary, it revokes any earlier wills you may have written.
  • If you want to exclude a certain family member or loved one you will want to provide detailed reasons as to why you have done so. This will help to protect your wishes should they want to contest your decision in the future. If needs be you could always prepare a ‘letter of wishes’, which can be used to explain the reasoning behind certain choices to someone if you wish to keep it private.wills-1854169_960_720
  • A very simple tip but crucial all the same is that you will need to make sure that your will meets the requirements of section 9 of the Wills Act 1837 and that it’s signed and witnessed correctly.
  • Where you can it’s important to minimise the risk of someone accusing you of being unduly influenced in the process of writing your will. To do so it helps if you arrange the appointment with the will writer yourself and ensure that when you go to each meeting and sign your will, no one that will benefit from your will is there at the time.
  • There could be questions raised should you be working beyond your means. Our advice is for your GP or doctor to provide written evidence as to your capacity, which will help to prevent issues arising in the future.

Here are just a few of the things you should remember when preparing your will. If you need some further advice or wish to write your will today, then get in touch with a member of our team at Bespoke Support Network.