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Saving for your first home can feel like a huge challenge, especially when house prices and the cost of living make it difficult to build up a deposit. That is why more and more first-time buyers are turning to family support in the form of a gifted deposit.
At SMH Finance, we regularly help buyers purchase their first property with a gifted deposit. Here is what you need to know.
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Stamp Duty: Then, Now and What Might Come Next
Stamp Duty has been part of property buying in Britain for centuries. It’s changed many times and could be about to change again. Here’s a quick look at how it started, where we are now and what might happen next.
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Getting Started on the Right Foot
Renting for the first time can feel exciting and a little overwhelming. From contracts to deposits, there’s a lot to consider. Knowing what to ask and what to check can save you headaches down the line and help you feel settled from day one.
1. Understand Your Tenancy Agreement
Your tenancy agreement is your guidebook. Make sure you read it carefully and understand your responsibilities and the landlord’s obligations. Ask about:
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Know your energy usage
Start by understanding where your energy is going. Check your bills, see which appliances use the most, and identify habits that increase consumption. Awareness is the first step to cutting costs.
Switch to energy-efficient appliances
Old appliances can drain your wallet. Look for A-rated or energy-efficient models, especially for fridges, washing machines, and boilers. Even small upgrades can make a noticeable difference over time.
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Why Winter Damp is More Than a Cosmetic Issue
Winter damp isn’t just unsightly – it can lead to mould growth, unpleasant odours, and long-term damage to plaster, paintwork, and even the structure of your property. For landlords, preventing damp is far more cost-effective than dealing with repairs and tenant complaints once it’s set in.
Improve Ventilation Without Sacrificing Warmth
One of the leading causes of damp in winter is trapped moisture from cooking, showering, and even breathing. Encourage tenants to use extractor fans in kitchens and bathrooms, and if possible, fit trickle vents in windows. The key is to keep air moving without losing too much heat – something modern vent systems are designed to do efficiently.
