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What the Bank of England rate rise means for you
The Bank of England has raised the base rate from 3.75% to 4%, the first increase in three years. The decision was unanimous and widely expected. The Bank is aiming to bring inflation, which rose to 3.5% in September, back towards its 2% target.
It's natural for a headline like this to give you a moment's pause. But a rise in the base rate doesn't mean moving plans need to go on hold. Here's what it actually means if you are buying, selling or remortgaging, and why the right advice can make all the difference.
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Join our free landlord webinar on Thursday 19 November
With the new landlord database on its way and winter around the corner, there's plenty for landlords to think about.
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What will you actually make when you sell?
- What you paid for the property
- Costs of buying it, such as solicitor's fees and Stamp Duty
- Money spent improving it, such as an extension, loft conversion or new bathroom
- Costs of selling it, such as Estate Agent and solicitor's fees
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Autumn property maintenance: don't let small problems become big bills
A blocked gutter in October can become a damp patch by January. A boiler that's been making odd noises can stop altogether on the coldest night of the year.
Gutters and downpipes. Once the leaves have dropped, gutters can quickly clog. When water can't drain away, it runs down the walls and can lead to damp inside. Have them cleared and check downpipes are flowing freely.
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What really spooks a sale?









