Planning House Removals
A guide to making sure your move goes smoothly.
Everybody looks forward to their completion date. This is the date that the sale or purchase of your property is finalised; the seller vacates the property and the buyer moves in. However, the completion date is not set in stone until contracts have been exchanged. Usually, the completion date is set for three to five days after exchange. This leaves little time to make all the arrangements for the move. While it is not advisable to make confirmed bookings prior to exchange, there are some things you can do to ensure you are well prepared for the move, saving you the stress of arranging everything last-minute.
Find the Right House Removals Firm
While you cannot make a solid booking until your completion date is confirmed, it is wise to shop around for removal firms weeks in advance of the anticipated date. You will want to find a company with a good reputation, who you can trust to deliver your belongings to your new home as quickly and safely as possible. The first thing to do is to ask friends and family for recommendations or look for independent reviews of different companies on the internet. Make a shortlist of recommended removal firms, then contact each one for a quote. Quotes will be tailored to your specific circumstances, so you may have to wait a little while for a response.
Once you have received quotes from all the companies, choose the one you wish to use for your move. Contact them and let them know the anticipated completion date. Most companies will agree to make a provisional booking, to be confirmed when contracts exchange. Some companies might push for you to confirm the booking there and then, but you should try to avoid doing so, even if you are fairly sure that completion will go ahead on the anticipated date. House removal firms will often charge a fee if the booking has to be cancelled or rearranged.
It can be difficult to know when to pack, especially if the sale or purchase is being held up by the other party involved in the sale or purchase, or someone further up or down the chain. You could get everything packed away in boxes only to find the sale drags on for three more weeks, meaning you constantly have to unpack things for use. However, it is not advisable to leave packing until the last-minute, because it is often a bigger job than you realise and you will also have a list of other jobs that must be sorted out in the period between exchange and completion. You don’t need to pack everything in advance, but there are some things you can do to get organised.
First, collect a lot of boxes. Make sure you have boxes ready for everything to go in. You should also allocate boxes to different rooms, planning which items you will store in each. Write the room and a list of planed contents on each box. This way, it will be very easy to pack things up, the delivery men will know which room to put the boxes in, and unpacking will be a doddle. Pack anything that you rarely use as far in advance as possible and put the boxes with these things out-of-the-way. It is also a good idea to have a clear out. Get rid of anything you have been holding on to ‘just in case it comes in handy’ or anything you no longer want or need. You can sell these items at a car-boot sale for extra cash and this will clear space and help you to organise everything else.
How To Save A Deposit For A House
Tips and tricks for first time buyers in need of a deposit.
Before you can obtain a mortgage offer as a first time buyer, you will need to provide evidence that you have the funds stashed away to allow you to pay a substantial deposit. At the height of the property boom in 2006, it was common for lenders to agree a mortgage with a deposit of only 10% of the total asking price in place. However, since the economic downturn, it is now much more likely that you will be asked to cover around 20% of the property’s total value.
According to data from the June 2013 House Price Index, properties for sale in England and Wales have an average asking price of £162,621. In order to secure a mortgage on a property of this value, the prerequisite 20% deposit would work out as £32,524.
If you already own a property and are selling and purchasing as part of a chain, you do not need to worry about a deposit, as the funds will come from the sale of your existing property. But how is it possible for a first time buyer to save up this sort of money?
Make Tentative Enquires Regarding a Mortgage
Don’t just assume that you will need a 20% deposit. Talk to mortgage lenders before making an official application to see if they can give you an idea of what you will be able to afford. Some lenders may be willing to accept lower deposits in some circumstances. There may also be special schemes in place for first time buyers. Mortgage lenders can also give you an idea of how large a mortgage you will likely be able to get, given details of your income, employment and savings. Use this as a starting point to set a savings goal for your deposit amount.
Live on a Budget
If you are serious about saving, you need to get really frugal. Whatever little treats you allow yourself on a weekly or monthly basis have got to go. Cut back on anything that saves you time and effort, but costs you money. Get rid of anything that costs money, but is not absolutely necessary. That means takeaways, buying lunch at work, fancy smart phone contracts, expensive beauty products, nights out and keeping up with the latest fashions. You will be surprised how much you can save just by cutting back on unnecessary spending.
Move Back in with Your Parents
This might seem like a step in the wrong direction on the road to freedom and independence. It might seem barely bearable. However, it could be the absolute best move you can make with regard to saving money. If your parents are willing to have you home (and chances are they’ll be thrilled), you could save a huge amount on rent and bills – especially if your folks have already paid off their mortgage and have limited outgoings. If they appreciate your position, they are likely to charge you little to no money to stay with them, which might more than half the time it takes to save up your deposit.
How to Regaining Control over your Finances
If you’re having problems managing your finances you’re not alone. Millions of people throughout the UK are having difficulty managing their money. It can lead to your stress levels increasing and making rash decisions which affect your finances.
If you have problems with money there is no point burying your head in the sand. You need to face up to the stress of dealing with an uncomfortable reality. Ignoring the situation will only make your situation worse and they will not go away. You will find that if you face the problem head on it will alleviate a great deal of stress. Once you are back in full control you will feel like a big weight has been lifted from your shoulders.
There are a number of ways you can use to take control over your finances. Below we have 10 tips which will help you save for the future and get back on track.
1. Make a Budget
The first thing you need to do when you have financial problems is to make a budget. This way you can find out the full extent of the problems and see where your money is going. There are hundreds of budget calculators online to help you do this. Once you have inputted your out and incomings you will be able to make a plan of action. If you have been extremely unorganized it may be an idea to keep a diary of your daily spending. By doing this you will get the true picture of your monthly cash flow.
2. Set Saving Goals
Once you know how much you are spending through a budget you can set goals. You should set one for trying to put a small amount of money away each month. This way you will be able to build up a small fund to cover financial emergencies. If you do not do this you may end up taking out a payday loan when you have an emergency that needs money fast. This would set you back even further and your finances could spiral out of control.
3. Prioritise Bills
When you are short on money you need to prioritize bills in order of importance. Some bills are more important to pay than others as they could have a huge impact on your life. Your rent or mortgage needs to be your number one priority because you need to keep the roof over your head.
4. Speak with your Creditors
If you are struggling with a bill or a payment is overdue you need to speak with your creditor straight away. They want to help you as much as possible as they want to be able to recover as much of the debt as they can. Quite often a creditor will agree to a reduced repayment plan. More often than not creditors appreciate it when you are upfront and honest. If you ignore them it will make the situation get worse.
5. Clear Financial Debts
If you have money put aside in saving it will be better using that to pay off debts. If you have high interest loans these will add to your overheads a great deal. Using money you have saved to pay off or reduce these will save you money.
6. Apply for a Personal Loan
If you are heavily in debt, taking out more finance is generally not a good move. If however, you have finance or credit which has a high APR it can save you money. Use a large personal loan with low-interest rates to consolidate your debt into one monthly sum. This way all your finance will be on a lower interest rate.
7. Make More Money
It is easier said than done. There may be a few ways of making more money which you have not thought of before. For example, if you have a room free where you live you could look at renting this out. You could also look to try to get some freelance work in your free time. There is plenty of website out there offing people the chance to advertise their services free of charge.
8. Reduce Your Bills
One of the best ways to reduce your bills is to use a price comparison website. You can use these to compare how much you are paying and what other companies are charging. You should carry out this exercise every year as rates are constantly changing.
9. Get Professional Debt Advice
Speaking with a professional advisor on debt will help you solve you money problems. They will be able to come up with an action plan and can even talk to your creditor on your behalf.
10. Benefit Entitlements
There is a great deal of benefits available to those that are struggling. You can find out what you are entitled to by visiting the Government website or by visiting a job centre local to you.